"VMS"" Success is not limited to "Riley", page-133

Mignani

I presume that the section of the CHN AR that you are referring to is (on Page 24):
"South West Nickel-Copper-PGE Project, WA (70-100%)
During the year, Chalice executed an earn-in agreement with Venture Minerals (“Venture”, ASX: VMS), whereby Chalice may earn up to a 70% interest in the South-West Nickel-Copper Project by spending $3.7 million on exploration over 4 years (with a minimum commitment of $300,000).
The South West Nickel Project includes a ‘Julimar look-alike’ Ni-Cu-PGE target, a ~20km long interpreted mafic-ultramafic complex with a strong magnetic signature and massive sulphide occurrence (the Thor Target).
A MLEM survey commenced over selected airborne EM targets associated with strong and discrete magnetic anomalies interpreted as potential ultramafic-mafic intrusions. Work to date has identified up to six low to moderate conductance anomalies (100-1500S).
Currently defined EM anomalies are planned to be followed up with infill MLEM and soil geochemistry in Q3 CY2021 to define potential drill-ready targets."

I am not sure how CHN can state " (70-100%)". I don't know of any basis for CHN having the opportunity of gaining 100% of that project. Does anyone?