💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Global Lithium Resources sees signing of Manna native title agreement by year’s end

Published 06/10/2023, 11:19 am
Updated 06/10/2023, 12:30 pm
© Reuters.  Global Lithium Resources sees signing of Manna native title agreement by year’s end
EUR
-

Global Lithium Resources Ltd (ASX:GL1) is continuing to engage with the Kakarra Part B Native Title claim group for the land underlying its 100%-owned Manna Lithium Project in Western Australia and anticipates the signing of the Native Title Mining Agreement (NTMA) before the year is out.

The multi-asset West Australian lithium company recently met with members of the Kakarra Part B claim group in Kalgoorlie-Boulder to sign and execute a 'Working Together Protocol' document.

Under the agreement, both parties have agreed to:

  • cooperate and work together in good faith to negotiate the terms of the Manna Lithium Project in consideration of the rights and interests of the Kakarra Part B Native Title Claim Group;
  • reach agreement on developing a cultural heritage management plan, which will ensure that the aboriginal cultural heritage is appropriately managed throughout the life of the project; and
  • endeavour to agree to the terms of the NTMA, which is anticipated to be signed by 31 December 2023.

Committed to fairness

“The growing relationship between Global Lithium and Kakarra Part B is very pleasing for the company,” Global Lithium managing director Ron Mitchell said.

“We are delighted with how negotiations towards the Native Title Mining Agreement are progressing.

“Under the recently-executed Working Together Protocol, Global Lithium is committed to developing a fair, reasonable and mutually beneficial agreement in partnership with Kakarra Part B.

“The company looks forward to strengthening this long-term partnership with the Kakarra people, as traditional owners of the land on which we work, through ongoing exploration, development and operation of the Manna Lithium Project.”

Critical agreements pending

Global Lithium submitted an application for Manna’s Mining Lease to the Department of Mines, Industry Regulation and Safety (DMIRS) in April this year.

In June, it executed a land access agreement with Kakarra Part B to set the framework for the company to conduct Aboriginal heritage surveys to support ongoing exploration and pre-development work.

The conclusion of the NTMA and the grant of the Mining Lease are two of the critical agreements required to allow Global Lithium to conduct mining activities within the Kakarra Part B Native Title Claim Area.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.