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Ann: Mount Peake Development Activities Update, page-67

  1. 6,229 Posts.
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    I'm more concerned about the bit I've highlighted below.  How long can we expect an agreement with land owners to take??

    Mining Lease

    Once all necessary environmental and regulatory approvals have been received and a mining agreement has been executed with the Traditional Owners of the land underlying TNG’s exploration tenements, the Company will be in a position to apply to the Northern Territory Government for the grant of a Mining Lease for the Mount Peake Project.  

    Under Northern Territory legislation, the Traditional Owner groups are represented by Land Councils. The Mount Peake Project falls within the jurisdiction of the Central Land Council (CLC). TNG and its lawyers have been working with the CLC on the mining agreement for the past 12 months and on finalising the agreement for the past six months. TNG is working towards completing this process in the near future.
 
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