Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-143

A JV is normally a venture where each party contribute based on what skills and resources they have / agree on at the outset of the JV. It in itself is not a legal structure, it is more like a partnership. For PLL, their 25% equity investment in SYAQ bought them favour via offtake quantity and $. The relative % of JV assets / income etc would be consolidated each reporting period to their respective business entity.

Contributions would be stated in the JV, one would assume 75/25, and the operator would be stated. If the JV has excess funds then there would be no need for a contribution. If a party to the JV wasn't pulling their stated weight, then those would be grounds for changes to the JV or disbandment. Min Res and Albermarle recently changed the terms of their JV for example. I wouldn't think there would be a payment to be the operator, this would be a control thing and related to the 75/25 relationship.