Laneway Resources has cleared the final hurdle in its bid to gain a mining lease for the Agate Creek gold mine near Kidston in North Queensland.
In an announcement to the ASX, Laneway Resources said it had reached a native title agreement with the Tatampi Puranga Aboriginal Corporation, which represents the area’s traditional owners, the Ewamian people.
“The native title agreement records the consent from Tatampi Puranga to the grant of the mining lease and Laneway’s agreement to provide certain financial benefits, employment, training and business development opportunities for the Ewamian people,” Laneway said in its announcement.
“As required under the native title regulations, Tatampi Puranga, prior to entering into these agreements, consulted with, and obtained the consent of, the native
title holders to enter into the relevant agreements.”
“The native title agreement was the last remaining requirement for the grant of the mining lease and the company expects that the lease should be able to be granted in the near term.”
Laneway Resources chairman Stephen Bizzell said the agreement was an important milestone for the company.
“We would like to thank the Tatampi Puranga board and the Ewamian people for their constructive and positive approach towards reaching this agreement that will both provide them with ongoing benefits and manage the impact on their cultural heritage in the project area,” Mr Bizzell said.
“We look forward to continuing to work with the Ewamian people as we progress this project for the benefit of all stakeholders.”
Laneway plans a high-grade (low strip ratio), open-cut mining operations at Agate Creek.
Maroon Gold will undertake the mining operations at Agate Creek and process the ore through its CIL processing plant at Black Jack, Charters Towers.
Laneway’s agreement with Maroon provides for the mining and processing of initially up to 100,000 tonnes of high grade ore.
Laneway said commissioning works were being finalised at the Black Jack plant, which has the capacity to process up to 340,000tpa.
Mining and processing would be able to commence shortly after grant of the mining lease, subject to any wet season constraints, it said.