Kalkaroo Native Title Mining Agreement signed for South Australia

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first_imgThe Native Title Mining Agreement for Kalkaroo has now been signed, opening the way for grant of a Mining Lease over Havilah Resources Ltd’s  copper-cobalt-gold project area. The agreement was executed between the Ngadjuri Adnyamathanha Wilyakali Native Title Aboriginal Corp (NAWNTAC) and Havilah. This took place at the conclusion of a special sitting of the Federal Court in Orroroo last week at which a consent determination was made in favour of NAWNTAC in respect of the overlapping native title claims of the Adnyamathanha, Ngadjuri and Wilyakali people. NAWNTAC is a corporate entity that jointly represents the interests of the three native title groups and will be the first point of contact for future native title matters in this specific area.Based on an innovative profit-sharing arrangement for the mutual benefit of all stakeholdersIncludes non-financial criteria such as employment, training, and business development opportunitiesWay now open for the grant of a Mining Lease over the Kalkaroo copper-cobalt-gold project.This represents another very significant milestone on the path to the potential development of the Kalkaroo project as a major new copper-cobalt-gold mine in South Australia’s northeast.Havilah’s newly appointed Chairman, Mark Stewart said: “The importance of the execution of this agreement cannot be overstated and represents a massive leap forward in the implementation of Havilah’s Copper Strategy – Enhanced by Cobalt, as it should now result in the grant of the Kalkaroo Mining Lease. It is the culmination of many years of patient and persistent negotiation, introducing innovative concepts such as EBITDA, by Havilah executives, namely Chris Giles and Walter Richards.“Acceptance of the EBITDA profit sharing concept is a good outcome for all parties. “I would like to acknowledge the support of our legal advisor, Abigail Steed, and also the co-operation and good will of the native title holder groups and their legal advisors over an extended period of time,” he said.The Kalkaroo copper-cobalt-gold deposit is located some 500 km northeast of Adelaide in proximity to a main highway, the transcontinental railway and the regional mining centre of Broken Hill. Based on a 100 Mt Ore Reserve independently estimated by RPMGlobal (0.47% Cu and 0.44 g/t Au), it is the largest known undeveloped open pit copper-gold deposit in Australia on a copper-equivalent Ore Reserve basis.The picture shows Dr Chris Giles signing the Kalkaroo Native Title Mining Agreement with the Native Title Holders on behalf of Havilah.last_img

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