'Welcome' retain 20% and are free carried until a decision on mining. Upon that decision they have a few options open to them.
All rather moot, as takeover prior to a mining decision would be the most likely outcome if there is a mineable resource.
See announcement from 28/06/2023 https://www.investi.com.au/api/announcements/rdn/d26b82b0-377.pdf
Ann: Drilling and earthmover contracts executed for Andover South, page-161
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