AUL austar gold limited

notrton geo database, page-26

  1. 11,416 Posts.
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    "The fact is that the ILUA is outside of the mesa area where all the coal is,"

    That is incorrect... again, there are exposed coal seams outside the mesa"

    "the traditional owners were never ever going to grant one over that area,"

    You don't know what the Traditional owners do or do not intend to do, so don't pretend that you do.

    "which is why no other companies bothered to try,"

    Incorrect again, Calcifer did try and retain ownership of the tenement, that is what the action in the Supreme Court was all about.

    "as an ILUA that doesnt include the mesa is worthless as that is where any value is,and no one will ever be allowed to exploit it,as it is culturally sensative area."

    The market can not attribute any commercial value to it because there has been no modern exploration done on the tenement. There are however exposed seams at the base of the mesa were the original historic mining took place.

    "And who knows,at the next state election if their is a change of Govt,they may decide again to try to declare the whole area a national park again"

    The Qld DPI could have done that when they reissued the tenement, instead they left the management to the Traditional owners.
 
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