Aeon Metals (ASX:AML) has executed a new Cultural Heritage Protection Agreement with the Waanyi People and will now be able to resume exploration at Walford Creek after a one-year suspension.
The new agreement comes not a moment too soon and means that Aeon Metals will now be able to conduct exploration activities for the full 2024 dry season. The company is in the process of finalising a drill program to both increase the Walford Creek Resource whilst also targeting high grade copper across the project and surrounding tenements.
Commenting on the agreement, Aeon Executive Chair, Paul Harris, said: “The terms of the Agreement provide a strong commitment to create mutual benefits while continuing to respect the traditional lands, activities, values and the rights of the Waanyi Traditional Owners.
“We thank the Waanyi People and the community for their support and assistance in finalising this agreement.
“Given the uniform nature of the geology along the Fish River Fault and the success of the 2022 drill program that resulted in a 65% increase in the Walford Creek JORC resource to 72.6Mt we are very confident we can replicate a similar program of resource identification and continue to grow the Walford Creek resource.
“The Company continues to assess different processing alternatives for the Walford Creek orebody including talking to key stakeholders on processing ore at Mt Isa whilst also assessing our commodity mix production.”
AML was trading flat at .006 cents.