Looks like a nice area...........too mine ;) I am sure the Native Title party will ensure the area is not raped and pillaged.
"The acquisition concerns the tenements EPC 772 (rights to coal) and ATP 718P (rights to coal seam methane), which are virtually coincident. The deposit was mined during the period from 1910 to 1957, when the local power station was shut down and rail locomotives converted to diesel. Road and rail infrastructure to the port of Cairns are in place."
"Mantle intends to next progress: 1.An Access Agreement: Negotiate and settle a suitable access agreement with the Djungan Aboriginal Corporation, the relevant Native Title party. 2.A Conceptual Study: Complete a conceptual study regarding development options and issues."
Correspondence with the MD, Ian Kraemer implied he was very positive with the way the negotiations were going. FYI the conceptual study has been completed and will be released with the access announcement which should be out any week now, perhaps this week or next is my guess.
MNM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
