Assuming they've pre negotiated the terms so not long. It's good to get an update. Drilling still a few months off at least. Next Ann should be land access granted. I would assume they are planning and organising the drilling in the background and would have already negotiated the land access rights with owners.
In New South Wales (NSW), holding an exploration licence permits you to explore for specified minerals; however, before commencing any on-ground activities, you must establish a formal land access arrangement with the landholder. The duration to negotiate and formalise this arrangement can vary significantly, depending on the complexity of the proposed activities and the responsiveness of both parties.The NSW Government provides a template for access arrangements to assist in this process, but its use is voluntary. If a mutual agreement cannot be reached, either party may request the appointment of an arbitrator to determine the terms. This arbitration process introduces additional time and complexity.It's important to note that exploration licences are typically granted for an initial period of up to six years, allowing ample time to secure necessary land access arrangements and conduct exploration activities. However, the specific timeframe for obtaining land access is not standardized and depends on the unique circumstances of each case.For detailed guidance, refer to the NSW Government's resources on land access and the Mining Act 1992. Engaging with legal professionals familiar with NSW mining laws can also provide valuable assistance in navigating this process.
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Last
8.8¢ |
Change
-0.004(4.35%) |
Mkt cap ! $95.99M |
Open | High | Low | Value | Volume |
9.2¢ | 9.3¢ | 8.6¢ | $1.860M | 21.01M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 8.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.9¢ | 436353 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 450000 | 0.087 |
5 | 423199 | 0.086 |
10 | 610774 | 0.085 |
8 | 1710518 | 0.084 |
4 | 1532926 | 0.083 |
Price($) | Vol. | No. |
---|---|---|
0.089 | 436353 | 4 |
0.090 | 379827 | 3 |
0.091 | 127823 | 2 |
0.092 | 254402 | 2 |
0.093 | 215807 | 5 |
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