Ann: Quarterly Activities Report And 5B, page-112

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reddeer

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19/07/18

16:39

Post #: 34455912
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Originally posted by jadsdes ↑

My intel and it comes from a person who has done this work in the Northern Territory is as I understand.

ALRA : Your correct as I understand it provided to me by my learned friend who is a practicing legal eagle in the Northern Territory;

Granting of exploration licences under this regime I believe does take time but its because there are more legal rights afforded to the TO's and its a go to end (Exploration to Mining ) Agreement

Native Title
Mt Peake is on Native Titled land per the Native Title Federal Legislation.

This is a different approach.

First - Exploration Agreement is completed and its what I am told is an expedited process. Meaning the CLC can execute this. Hence TNG has been able to carry out exploration quite well and quickly under a heritage clearance process.

Second - Mining Agreement is completed. CLC negotiate the Agreement on behalf of the TO's Group. This is where TNG is now.

I understand Federal Minister or Territory Ministers are loathe to intervene.

I understand its up to the parties involved, in this case TNG/CLC/TO's, to agree on the compensation package. I have no idea what this could be.

In relation to Tivan. I have no idea.

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Thanks jadsdes. Very good. Had a top up but at .115 and never expected to get it. IN answer to earlier poster average cost .138.

TNG Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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