Auric Mining and Ngadju reach historic agreement

Auric Mining (ASX:AWJ) has announced a significant Native Title Agreement with the Ngadju Native Title Aboriginal Corporation, representing the Ngadju People. This historic agreement, executed on December 17, 2024, covers the entire 102,000 km² of Ngadju country. It provides clarity for Auric’s long-term exploration and development activities and creates economic opportunities for the Ngadju People.

Key details and future outlook of the agreement

The Native Title Agreement between Auric Mining and the Ngadju People marks a significant milestone. Covering 102,000 km² of Ngadju country, it is one of the first area-wide agreements of its kind and sets a precedent for future partnerships. For Auric Mining, it streamlines regulatory processes and facilitates long-term operational planning. The agreement ensures recognition of Ngadju Native Title Rights and creates economic opportunities for the Ngadju People, including potential job creation and royalty arrangements. It underscores Auric's commitment to collaboration and cultural respect. The agreement supersedes previous arrangements and applies to future acquisitions within Ngadju country, setting a framework for future collaborations.

Executive insights on Auric Mining's agreement

Auric Mining's Managing Director, Mark English, emphasizes the company's dedication to building a genuine, sustainable relationship with the Ngadju People, respecting cultural heritage, and supporting economic growth. The agreement is a culmination of years of negotiation, highlighting the mutual commitment to transparency and respect.