Agrimin (ASX:AMN) signs native title agreement for haul road at Mackay

• Agrimin (AMN) signs a native title agreement with Parna Ngururrpa (Aboriginal Corporation) RNTBC in relation to the haul road for the Mackay potash project, WA
• The agreement provides the necessary consents for a miscellaneous licence to be granted to the company by the Department of Mines, Industry Regulation & Safety
• As part of the agreement, the company has agreed to issue a million shares to PNAC, escrowed for three years
• Apart from today’s agreement, the company is in the final stages of finalising an agreement to allow the granting of requisite haul road licences within the Tjurabalan determination area
• Shares in Agrimin are up 8.57 per cent to end the day trading at 38 cents

Agrimin (AMN) has signed a native title agreement with Parna Ngururrpa (Aboriginal Corporation) RNTBC in relation to the haul road for the Mackay potash project in WA.

Parna Ngururrpa is the native title representative body for the Ngururrpa native title holders.

The agreement provides the necessary consents for a miscellaneous licence to be granted to the company by the Department of Mines, Industry Regulation & Safety.

CEO Mark Savich said the agreement represents an important milestone on the path to obtaining the necessary licences for the company’s haul road.

“The establishment of a new transport corridor through Ngururrpa lands is integral to the successful implementation of Agrimin’s integrated mine-to-ship logistics chain between Lake Mackay and Wyndham Port,” he said.

“The new haul road will allow control over our bulk haulage operation and minimise materials handling, which in turn can allow very cost effective transportation of large tonnages of low-carbon, organic Sulphate of Potash to world markets.”

The partners commenced formal negotiations in November 2020 to permit the construction and operation of the company’s haul road while preserving the traditional way of life of the native title holders.

As part of the agreement, the company has agreed to issue a million shares to PNAC, escrowed for three years.

Apart from today’s agreement, the company is in the final stages of finalising an agreement to allow the granting of requisite haul road licences within the Tjurabalan determination area.

Shares in Agrimin were up 8.57 per cent to end the day trading at 38 cents.