Trafford Coal Project Update
Mantle Mining Corporation Limited (ASX: MNM) “Mantle”, is pleased to
provide the following update on progress in relation to its 100% owned
Trafford (Mt Mulligan) Coal and Gas project in North Queensland.
Highlights:
• On Wednesday 20
th
June, a large community meeting was held between Mantle, the
Djungan People (the relevant Native Title Party) and the North Queensland Land
Council (NQLC).
• The purpose of the meeting was for the Djungan People to consider the proposed
Indigenous Land Use Agreement (ILUA) in relation to Mantle’s 100% owned Trafford
Coal and Gas project in North Queensland.
• The purpose of the recent trading halt was to ensure that the market would be fully
informed of the outcome of the meeting (due to the potential for a decision to possibly
be taken during the day to either authorise or not, execution of the ILUA).
• The outcome was that some further consultation was required with a number of the
Djungan on a number of terms in the ILUA.
• These terms have since been agreed in principle and further consultation is now
being organised in order to finalise these terms and complete the level of consultation
required by the Djungan.
• Mantle and the Djungan People are considering the ILUA based on its embedded
principles of full protection of Cultural Heritage for and by the Djungan People, mutual
management decision making processes for exploration activity, and staged
compensation, employment and training packages.
• These principles are considered paramount for the development of future
relationships based in mutual respect, trust and, thereby, effective decision making.
• Mantle is also pleased to advise on progress in relation to tenement status, since
winning the recent Supreme Court action (to enforce transfer of the exploration
tenements to Mantle) against Calcifer Industrial Minerals Pty Ltd.
• The company has progressed successful discussions with the relevant government
department in relation to the requirements for retaining the tenements in good
standing under the licence conditions of the Exploration Permit for Coal (EPC 772).
• Further announcements on progress will be made in due course.
Further information: Media enquiries:
Ian Kraemer Doug Macdonald
Mantle Mining Capital Group
0407 758 722 0424 255 959
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