Landholders negotations - from PNA Sustainability Report yesterday.Looks like the locals are locking in.Small but necessary steps to issue of mining lease.GRAMS offer for PNA hopefully won't hold things up
"In January 2015, following a detailed and dedicated process of consultation and mediation, a long-standing land-ownership matter dating back to 1995 between local landowner groups was resolved. In a milestone event, a Local Land Court Mediation agreed customary landownership over the area containing the Frieda River Project resource. The resulting agreement legally recognises six villages from two cultural groups as the ‘collective owners’ and provides for a division of future project benefits to be derived from the land. The agreement is a positive result for all the landowners and paves the way for the negotiation of a compensation agreement between landowners and joint venture partners in the lead up to an application for a Special Mining Lease. "
HIG Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
