Noted last week a mention of the KOKATHA UWANKARA NATIVE TITLE CLAIM in the courts listings.
Refer to http://courtlists.fedcourt.gov.au/Listings/2009_10_8_SA.htm
Also noted another exploration company Archer Exploration (AXE) relying on this court case; and quoting from their recent annual report :-
“The West Roxby Projects were covered by two separate overlapping native title claims and during the year the Company completed separate Native Title Mining Agreements with the Barngarla Native Title Claimants and Kokatha Native Title Claimants.
Heritage surveys were conducted over potential drill sites to identify areas of significance to the respective claimants. Results from the two surveys were inconsistent and conflicting and the Company spent great effort during the year trying to resolve the conflicting reports.
On 21 August 2009 the overlapping native title claims were removed and replaced by a new Kokatha Uwankara Native Title Claim. At the date of this report the company had terminated the Kokatha Native Title Agreement and is in the process of terminating the Barngarla Native Title Mining Agreement.
The removal of the overlapping claims should enable the Company to plan future work programs with greater certainty”
So, good to see that the native title claim is "progressing" in the courts system, and that yet another exploration companies is directly dependant on the outcome of this claim.
ARE Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
