Markets

Strata Minerals Completes Australian Native Title Agreement

Strata Minerals Inc. (SMP.V) today announced that it has entered into a native title heritage agreement with the Yamatji Marlpa Aboriginal Corporation ("YMAC"). This agreement, part of the consultative process under Australian native title legislation, enables the Western Australian Department of Mines and Petroleum to grant the two exploration tenements applicable to the Phase 1 field work on the Company's 80% owned Cardabia Phosphate Project located near Exmouth in Western Australia.

The Company and YMAC, the designated representative for the Gnulli aboriginal community local to the land surrounding the Cardabia Project, will now conduct a joint site survey of the property to identify aboriginal areas of significance that are to be avoided during the Phase 1 field work. In parallel to this final phase of the aboriginal approval process, the Company is submitting its Permit of Work to the Department of Mines and Petroleum for approval.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More