Join our daily newsletter At The Bell to receive exclusive market insights
WA1 Resources (ASX:WA1) has inked a negotiation protocol with the Tjamu Tjamu Aboriginal Corporation to begin discussing the pros and cons of an access road in a Native Title area.
WA1 and stakeholders will also discuss “other project infrastructure components” as part of the good faith negotiations.
But mainly, WA1 is keen to build an access road connecting its Luni niobium project and the Mid-State Highway. The company noted two key native title holders on Tuesday; negotiations with Tjamu Tjamu will be on behalf of Kiwirrkurra common law holders.
WA1 noted on Tuesday it’s already filed a miscellaneous licence application regarding the road and that “significant work has already been undertaken.”
WA1 also noted this new protocol complements another existing agreement inked between WA1 and the Parna Ngururrpa Aboriginal Corporation.
“After a decade of working cooperatively with the Kiwirrkurra common law holders we are pleased to have them formally involved in the development of Luni. We are committed to creating positive and long-lasting benefits for the communities where we operate, and this will be reflected in the spirit of our negotiations,” WA1 ED Tom Lyons said.
WA1 last traded at $13.80/sh.
