Hi Onceover
I think the initial commitment of $6m was completed in Nov 2021. NCM/NEM now in Stage 1 and $10m spend to complete stage 1 and earn 51% JV interest.
I can't see any $ value attributed to their planned work in 2022 and 2023 so no idea how far along they are in spending that $10m.
No announcement yet that they have, I'm guessing they may get there in late 2024?
Once they spend that $10m, and they have earned a 51% interest, it moves to a JV arrangement where NEM needs to spend another $44m to earn a 75% interest.
Newmont farm in agreement, page-5
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