Pirra Lithium Partnership

I'm sure, like many, whenever Calidus release news mentioning Pirra Lithium, I always take a glance over at our 50:50 partners, Haoma Mining for any additional info, or an alternative angle.

I am exceptionally interested at the notion that we're offering up $4m for exploration and delisting costs. We'd agreed to fully fund the initial tranche of drilling, as I think in terms of tenements, we had offered up the smaller land parcels.

Now, with this latest round of funding, what do we think is going to happen? Will Haoma match the funds (which would give Pirra Lithium a particularly large fighting fund for a mineral explorer) or - do we think we're going to see an alternative payment in kind, either through Haoma transferring gold rich tenements nearer our plant in to Calidus ownership OR the 50:50 partnership being recalibrated into Calidus' favour as majority partner?

Any thoughts?