Ann: Triton to Fast Track Studies of Nicanda Hill Vanadium, page-4

A great announcement and good to see PC and the team beginning to see value in our V deposit.  My two concerns however are:
i) How much with will this study cost us; and
ii) I presume this will need to be finished before a JV/financing agreement is finalised

In saying this, I definitely see this as a BIG positive and another step in the right direction in maximising our value. Like everyone else though my patience continues to be stretched...even more so with my options languishing under 1c

Also, no doubt this ANN will see our share price drop *rolls eyes*

Finally, below is what 'Farm-In' means

The term "farm-in" describes activities governed by an agreement between parties in relation to ownership, exploration and exploitation of a mining tenement. However, the form that farm-ins take can vary enormously because the needs, motivations and drivers ofthe parties vary from case to case.

A common example of a farm-in involves the holder of a tenement ("Owner") entering into an agreement with an exploration company or other interested party ("Explore Co") under which Explore Co agrees to undertake and/or fund exploration or mining activities on the tenement. Funds are generally required to be invested or activities undertaken over a fixed period of time ("Earn-in Period") with negotiated floors and caps on relevant costs or expenditure.2 In return, Explore Co is generally compensated by the provision of rights related to the tenement and its income earn~g potential. For example, when Explore Co fulfils its obligations, the Owner may transfer legal and beneficial title to an agreed percentage interest in the tenement to Explore Co. In some agreements, this is done progressively as the entitlement is earned; in others, at the end ofthe Earn-in Period.