It is hoped that this process will be completed in the next 2-4...

First 526 Last

Share
Profile

Follow
m0ngy

10,075 Posts.

4852

25/02/18

13:59

Post #: 31324687
Share

Originally posted by ando1 ↑

September 2011
POSITIVE MEETING WITH ‘CENTRAL LAND COUNCIL’ FOR FUTURE MINING AGREEMENT AT MOUNT PEAKE
As a result of the initial meeting with the CLC, TNG has established a team comprising TNG Directors and senior staff, legal representative Kevin Stephens (Ward Keller, Darwin) and industry recognised Land Access consultant Eddie Fry to represent TNG on a proposed Development Review Committee (DRC) to assist in the progress of the proposed mining agreement.

August 2015
TNG RECEIVES TRADITIONAL OWNER CLEARANCE FOR MOUNT PEAKE ACCESS AND INFRASTRUCTURE DEVELOPMENT. TNG receives Central Land Council Sacred Site Clearance Certificate for the Mount Peake Mine Tenements including the mine and site infrastructure, camp, haul road and rail siding.  The Clearance is a significant step in the Land Access process, whereby Traditional Land Owners have paved the way clear of Sacred Site Heritage for development of the Mount Peake Operations to proceed.  TNG is also in negotiations with the Central Land Council to reach a Native Title Mining Agreement with the Traditional Land Owners, which is expected to be completed shortly.  TNG conveys its sincerest thanks to the Traditional Land Owners and the CLC for their engagement and participation in the Mount Peake Sacred Site Clearance.

June 2017
MOUNT PEAKE PROJECT UPDATE.
Once all final environmental approvals are received, the Company will be in a position to secure the grant of the Mount Peake Mining Lease with the Northern Territory Government. This is also subject to a Mining Agreement with the Traditional Owners. Under NT legislation, the Traditional Owner groups are represented by Land Councils. TNG’s project falls within the Central Land Council (CLC) jurisdiction. TNG and its lawyers have been working with the CLC on the agreement for the past 12 months and on finalising the agreement for the past six months. It is hoped that this process will be completed in the next 2-4 months subject to all approvals.

TNG have been working with the CLC over the past seven years.
A few months back PB seemed a bit disappointed on mentioning April as the next meeting with the CLC.
I'm putting that down towards the time duration, rather than the TO or CLC throwing a spanner in the works. Options need to be converted and time is of importance to get things moving.
Over the years both parties would have a fair understanding of what's required in way of concessions etc. and in that period PB appeared to have a healthy understanding with traditional owners.
I doubt there'll be much if any delays come April.

Expand

It is hoped that this process will be completed in the next 2-4 months subject to all approvals.

That was 8 months ago and there is not a sniff of an agreement. TNG are always hoping and regularly failing to reach milestones on time. Mt Peake was supposed to be in production in 2015 according to the timeline I previously posted.

TNG Price at posting: 15.0¢ Sentiment: Hold Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

RCE

Recce scores $6.75M R&D rebate

HAS

Yangibana 33% complete says Hastings, as it provides clarification on funding

BIO

Biome reaches intellectual property milestone in strain development program

RSG

HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back

First 526 Last

Add TVN (ASX) to my watchlist

(20min delay)
Last 5.3¢		Change -0.001(1.85%)		Mkt cap ! $94.02M

Open	High	Low	Value	Volume
5.4¢	5.5¢	5.3¢	$88.30K	1.646M

Buyers (Bids)

No.	Vol.	Price($)
4	3824364	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	200000	1

View Market Depth

No.	Vol.	Price($)
4	3824364	0.053
1	6640	0.051
5	120000	0.050
1	20346	0.049
6	867289	0.048

Price($)	Vol.	No.
0.054	200000	1
0.055	200000	2
0.056	645608	3
0.057	120000	3
0.058	100000	1

Last trade - 16.10pm 14/11/2024 (20 minute delay)

TVN (ASX) Chart

It is hoped that this process will be completed in the next 2-4...

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Recce scores $6.75M R&D rebate

Yangibana 33% complete says Hastings, as it provides clarification on funding

Biome reaches intellectual property milestone in strain development program

HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

It is hoped that this process will be completed in the next 2-4...

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Recce scores $6.75M R&D rebate

Yangibana 33% complete says Hastings, as it provides clarification on funding

Biome reaches intellectual property milestone in strain development program

HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News