Ann: RNI Defines New Priority Drilling Targets, page-22

Not so fast squire and Shimmer.

Extract from 4/12/13 Ann.

"Joint Venture Terms

Under an initial earn-in phase, RNI (through subsidiary Grosvenor Gold Pty Ltd) will:
 Spend $500,000 over three years to earn a 51% interest; and
 Spend a minimum of $150,000 in the first 24 months prior to withdrawal.
RNI then has a right to proceed to a second phase by:
 Electing to spend a further $800,000 over four years to move to 70%; and
 When RNI reaches 70%, Northern Star has a one-off right to claw back to 49% by paying
$3 million cash to RNI.
On discovery of a 200,000 tonne contained copper deposit (JORC compliant Measured and/or Indicated
Resource) RNI must pay Northern Star $1 million in cash or shares.
Exploration"

No current commitment or looming deadline at all.