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ASX Release 20 July 2012
Mt Mulligan ILUA Authorised
Mantle Mining Corporation Limited (ASX: MNM) “Mantle”, is pleased to advise that on Wednesday 18th July 2012 the Djungan People (the relevant Native Title Parties) considered, and authorised their representatives to execute, an Indigenous Land Use Agreement (ILUA) in relation to Mantle’s 100% owned Trafford Coal and Gas project in North Queensland.
Figure 1: The Djungan People and Mantle’s representatives after executing the ILUA.
An Ancillary Agreement (AA) and a Cultural Heritage Management Plan (CHMP) were also authorized for execution. Together, these three agreements provide for full protection of cultural heritage, mutual management decision making for exploration activity, and staged compensation, employment and training packages.
Exploration Permit for Coal (EPC) 772 remains a granted tenement pending renewal and a revised renewal application reflecting Mantle’s exploration plans is currently being prepared. Authority to Prospect for Petroleum (ATP) 718P remains an application pending registration of the ILUA.
The known coal deposit at Mt Mulligan exists under the mountain however this area is currently unavailable for exploration due to cultural heritage, environmental and sterile land constraints.
Mantle’s initial exploration targets are potential extensions of the known coal deposit - outside of the Government designated sterile land currently covering the Mt Mulligan mesa, and a buffer zone agreed with the Djungan as part of the ILUA negotiations. The intention at this point is to evaluate the potential for coal and gas deposits that may exist within the licence area, but outside the constrained area.
The company has also commenced discussions with the relevant pastoral station holders in order to reach an access agreement for initial low impact exploration activity. It is expected that initial exploration will be able to commence immediately on conclusion of all agreement documentation and receipt of necessary approvals.
Mantle wishes to take this opportunity to thank the Djungan People for their positive approach during the negotiations. The three agreements embed principles considered paramount to the development of mutual respect, trust and effective decision making and Mantle is looking forward to working together with the Djungan People towards a mutually beneficial and rewarding relationship.
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