This option is self explanatory. Either copy the landmark, or rename it.

Main Menu: Q 0123O IUCRSG NVAMBX DEPL FZH? r
 >r                                                                               
 Input 6-character old landmark name. [q]
TEST01
 Input 6-character new landmark name. [q]
NEW001
 Delete old landmark? y[n]
y

 Current landmark = NONE  
Main Menu: Q 0123O IUCRSG NVAMBX DEPL FZH? 

Delete old landmark? y[n] - If you select "y" then you are effectively renaming the landmark. If you select "n" you are copying the landmark.