Ann: Multiple Drill Rigs Up And Running At Kat Gap, page-15

Can someone with more knowledge help me understand the ownership of KatGap?
In todays announcement in the JORC table is says:
• Kat Gap is situated upon E74/467, held by Sulphide Resources Pty Ltd. CLZ has an option to acquire 100% of this tenement (details in announcement dated 13 July 2017)


Now in 9 Jan 2019 - they announced they took up the Option (which would have expired otherwise) to acquire 100% of Kat Gap:
WA-focused gold exploration and development company Classic Minerals Limited (ASX. CLZ) ("Classic", or "the
Company") is pleased to announce that it has exercised the Option and acquired a 100% interest in the Kat Gap Gold
Project covering exploration licences E74/422 and E74/467; subsequent to meeting all the conditions precedent.
The Kat Gap Project is strategically located approximately 70km south-south east of the Company’s Forrestania Gold
project containing the Lady Magdalene and Lady Ada gold resources. Kat Gap adjoins the Forrestania Nickel project
currently operated by Western Areas Ltd.
Classic has purchased the Kat Gap project from private company Sulphide Resources Pty Ltd for a total consideration
of A$250,000 plus GST, and a 2% NSR royalty on production from E74/422 and E74/467 (or any replacement
tenements).


BUT now in latest Announcement the JORC table refers back to Sulphide Resources owning this • Kat Gap is situated upon E74/467, held by Sulphide Resources Pty Ltd. CLZ has an option to acquire 100% of this tenement (details in announcement dated 13 July 2017).

I as per the Jan 2019 announcement Classic paid the $250000 to exercise the option and now owned Kat Gap 100% -- why is Kat Gap tenements not in their Tenement table in latest Annual Report? Is this because they only purchased 100% interest in tenements and not the actual tenements? seems if you bought 100% you bought the tenements. Why in the JORC table does if refer back to The 13 July 2017 option agreement instead of the announcement which they announced in 2019 they fully exercised?

Confusing, as Classic even on sold the Lithium rights to Kat Gap in 2022. How are they not the legal holders of the Kat Gap tenements and hence list them in their tenement holdings in Annual Report? I can understand if they purchased rights or only a partial interest but they purchased 100%?

sorry if I am being dumb asking this question, but it seems to me Sulphide Resources Pty Ltd released any ownership back in jan 2019 in return for $250000 and a 2% royalty?