dhimurru,
Firstly TRF own about 50% if IFE.
Secondly IFE and TRF have a joint venture for Wilchester on an 80%(IFE) 20%(TRF) fot the iron ore in Wilchester with the proviso that IFE has to put up all the development capital for the iron ore. The gold there belongs to TRF.
The other tenements eg Hercules are IFE owned.
This s as best as I can remember.
cheers
looking ahead, page-7
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