Looks like Manhattan walked off the project with no interests...

Looks like Manhattan walked off the project with no interests after spending $1.0m for 3000m of drilling, maybe its not a bad outcome for Helix based on the findings ?

Highlights from the 3000m drilling
> The Stage 1 (3000m) drilling program at the Joshua Project in Chile has more than doubled theknown footprint of the copper sulphide-bearing porphyry system.o Importantly this program has led to the development of a robust geological model fortargeting mineralisation with higher copper grades in the broader target area.
> The known extent of the copper-bearing system now exceeds 1.5 square kilometers in area andremains open in all directions (less than 25% of the system, as defined by IP is drill tested).

Key terms of the HOA
The HOA provides an avenue for Manhattan to earn up to an 80% interest in the Joshua Project in exchange forHelix being free-carried through to completion of a BFS.

Key terms of the HOA include:
> Stage 1: Helix has granted an option to Manhattan whereby Manhattan can exercise that option by solefunding expenditure of A$1.0 million on the Joshua Project within 9 months of the Commencement Date,such expenditure to be expended on 3,000m of diamond drilling (Option).
> If Manhattan exercises the Option by funding the requisite expenditure it shall have the right to earn up toan 80% interest in the Joshua Project on the following basis:
o Stage 2: Manhattan may earn a 51% Joint Venture Interest in the Joshua Project by sole fundingthe expenditure necessary to complete a further 5,000m of drilling within 18 months of theCommencement Date.
o Stage 3: If Stage 2 is completed, Manhattan may elect to earn a further 29% (giving it a total 80%)Joint Venture Interest by sole funding expenditure up to the completion of a BFS in respect of theJoshua Project.
> In the event that Helix chooses not to contribute to the Joint Venture after the completion of the BFS (Stage3), it will dilute its Joint Venture Interest in exchange for an uncapped 1.0% Net Smelter Return royalty overthe Joshua Project.
> Helix will be the Manager of the Joshua Project during Stage 1. Manhattan will be the Manager for Stages2 and 3, unless Helix and Manhattan mutually agree that Helix is to be retained as Manager.