Gibb River Diamonds announces progress in Edjudina Gold Project development

Gibb River Diamonds Limited (ASX:GIB) has announced that the Wangkatja Tjungula Aboriginal Corporation RNTBC (WTAC) Board has endorsed a GIB-WTAC Mining Benefits Agreement for consideration by the Nyalpa Pirniku native title holders group. The proposed agreement covers all existing tenements over GIB's Edjudina Gold Project, including the crucial Mining Lease Application M31/495, which is essential for progressing the Neta gold resource to mining.

Executive commentary on the progress and significance of the Mining Benefits Agreement

The Company is pleased to have received the endorsement from the WTAC Board for the Mining Benefits Agreement, marking a significant step towards the development of the Edjudina Gold Project. The proposed agreement, once approved by the native title holders and signed by WTAC and GIB, will pave the way for the granting of M31/495 and subsequent heritage survey and mining proposal activities. We are committed to working expeditiously to progress these matters and are grateful for the support of the WTAC Board in this important process.

Summary of Gibb River Diamonds' announcement and future plans

Gibb River Diamonds (ASX:GIB) has made significant progress in the development of the Edjudina Gold Project with the endorsement of the GIB-WTAC Mining Benefits Agreement by the WTAC Board. The Company anticipates the native title holders' meeting to take place in late November to early December 2024, where the approval of the proposed agreement will be considered. Upon approval and subsequent signing, the granting of M31/495 is expected, enabling heritage survey activities and the submission of a mining proposal. Gibb River Diamonds expresses its gratitude to the WTAC Board for their support and looks forward to a productive relationship in the future. The Company remains focused on advancing the Edjudina Gold Project towards mining and capitalizing on the recently reported maiden JORC Inferred and Indicated Resource at the Neta Prospect. Additionally, the exploration potential for further gold discoveries at the project site presents promising opportunities for future development.