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Ann: SIMEC Exclusivity Extended on Iron Ore Projects, page-42

  1. 935 Posts.
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    "....they they have recently received mining lease approval (save native title)....."

    They most certainly do not have a mining lease. In this bureaucratic age, granting of a ML is a big milestone & the culmination of a lengthy process.

    From the last quarterly: "Granting of the ML is now pending the issuing of terms and conditions for the ML by the Minister for Energy and Mining and the finalisation of a native title mining agreement" (p9)

    Yep, just a little thing called a Native Title Mining Agreement still to negotiate.

    Interestingly (to me at least), that in the AGM presentation HAV set as a goal: "Obtain mining lease (excluding native title)" which is something that doesn't make sense as it's not possible to get a ML without a registered NTMA.
 
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