Lake Amadeus is on Aboriginal Land. The traditional owners, in late June 2016, exercised their right of veto over exploration and development under the Aboriginal Land Rights Act for the ensuing five years.
After that period the Act provides for a system of external adjudication if an agreement is not reached. Aborigines stand to gain royalties of at least 10% under the Act.
Don't understand how they can let you explore, but when you find something, they are against letting you dig it out. Australian govt are just so out of touch.
VMY Price at posting:
6.0¢ Sentiment: Sell Disclosure: Held
