Amigo, let's puts some dollars to compensation for an access agreement with a landowner, such as at Wild Cattle creek. According ot the department's info, 1) The amount of compensation for an access agreement with an exploration company, is basically weighted to the type of production that the owner carries out on the land. In effect the landowner is entitled to compensation for any loss to their farming activity and to any inconvenience. And if cattle farming is carried out by the landowner, then the landowner will be entitled to compensation for exploration such as drilling (usually about $500 per hole), the reduced number of cattle that can be grazed (usually quite a small amount of money, let's say $2,000 per annum) and other payments for say, the tracks put in to carry out drilling activities (usually abut $500 per km). Also, 2) exploration licences only allows for minimal disturbance and that disturbance must be remediated asap by the explorer (NB drilling and costeaning are classified as causing minimal disturbance). And these days, Mining Compliance Officers have more power than the police force, in order to enforce compliance. They usually inspect all drilling programs and particularly those that are reported to them by the landowner. So, when we take these points into account, the arbitrator (if it gets to that stage), will probably award compensation to the landowner based on their loss of income and the inconvenience. So in reality, it isn't a massive amount when nothing of significance is found by the explorer. However, if there is a deposit that needs to be drilled out to a JORC-compliant resource with a DFS (such as at Wild Cattle Creek), the large number of drill holes and the extensive amount of activity by the explorer, can result in total compensation to the landowner of say $100,000 or more. And afterwards, if the exploration company (TRIGG, or another company) wants to mine the deposit, then a totally new agreement has to be reached by the landowner and the company.
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TMG
trigg minerals limited
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Ann: HIGH GRADE MINERALISED ZONES CONFIRM CONTINUITY OF ANTIMONY, page-181
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Last
7.4¢ |
Change
-0.008(9.76%) |
Mkt cap ! $68.91M |
Open | High | Low | Value | Volume |
8.4¢ | 8.5¢ | 7.1¢ | $2.946M | 37.77M |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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7.5¢ | 500000 | 1 |
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3 | 100140 | 0.074 |
3 | 624000 | 0.073 |
9 | 1646792 | 0.071 |
10 | 832114 | 0.070 |
5 | 168781 | 0.069 |
Price($) | Vol. | No. |
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0.075 | 500000 | 1 |
0.076 | 120000 | 3 |
0.077 | 230000 | 2 |
0.078 | 97830 | 1 |
0.079 | 342462 | 3 |
Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
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