Gibb River Diamonds Limited (ASX:GIB) Secures Mining Agreement
Agreement Secured
Gibb River Diamonds Limited (ASX:GIB) has signed a Mining Benefits and Heritage Agreement (MBA) for the Edjudina Gold Project with the Nyalpa Pirniku native title holders. The agreement was concluded at a meeting in Kalgoorlie, WA, and has been confirmed by the Wangkatja Tjungula Aboriginal Corporation RNTBC (WTAC) Board.
Next Steps in Mining Lease Application
The signing of the MBA allows for the application for mining lease M31/495 to progress. Required documentation is being prepared for submission to the WA Mines Department and National Native Title Tribunal. However, the actual granting of M31/495 may not occur until early 2025 due to the holiday season.
Heritage Surveys and Mining Proposals
GIB plans to conduct an Aboriginal heritage survey in early 2025, with documentation set to be submitted to the WTAC group in January. A Mining Proposal will also be lodged with the WA Mines Department to pave the way for mining operations at the Neta Prospect.
Project Overview
The Edjudina Gold Project is strategically located 145 km northeast of Kalgoorlie, featuring historic gold workings across a 13 km strike. The project holds a maiden JORC resource of 378,000 tonnes at 1.9 g/t for 24,000 Oz Au, with GIB prioritising monetisation efforts through discussions with West Australian groups regarding mine and milling operations.
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