86 percent and another extension., page-4

ZFX may have to go to Plan "B" if they do not get another 30 million shares.

"What are Zinifex's intentions if it were to acquire less than 90% of Allegiance Mining?
If Zinifex gains a controlling interest in Allegiance Mining subject to maintaining a sufficient spread of shareholders Allegiance Mining will remain listed on the ASX.

In general Zinifex's intentions are:

to continue the business of Allegiance;

propose to the board that an immediate, broad-based review of Allegiance's operations be conducted on strategic, operational and financial level."