Ann: High-Grade Nickel Sulphides Confirmed at Dogleg Prospect, page-32

believe copper wolf is currently 100% BUX with 70% IGO earn in. Can go to 51/49% by completing stage 1 funding and then electing to strike the option forming a JV with Buxton. IGO able to earn in a further 19% (stage 2) by sole funding 5M in exploration expenditure on copper wolf. in that case bux ownership will be 30%.

So essentially it's 50/50 until IGO elect to pull trigger on the JV option with bux. if they want 70% of the asset, need to fund 5M spend. in which case they'll essentially be spending that on drilling and bux is then 30% owner in the project.