Adavale Resources secures Native Title approval for Marree uranium project

• ADD receives Native Title consent from Adnyamathanha and Dieri at the Marree project
• The NTMAs are a prerequisite for undertaking advanced drilling activities
• Company planning to start drilling at Parkes project in NSW this quarter

Special Report: Adavale Resources has executed a Native Title Mining Agreement (NTMA) with the Dieri and the Adnyamathanha have authorised the execution of the NTMA (expected imminently) for the area of the Marree Embayment project in South Australia.

The project spans across seven licences on the northern flank of the Flinders Ranges, a proven uranium province hosting multiple mines and deposits, and is located 90km from Beverly and Four Mile uranium mine.

Importantly, the NTMA with ATLA will be the first new NTMA with ATLA in over five years, demonstrating Adavale Resources’ (ASX:ADD) strong and collaborative relationship with Native Title Holders and their communities. 

The achievement of Native Title consent also unlocks the strategic value of the Marree project, providing the necessary framework for the company to pursue pathways which can maximise value for all investors and stakeholders.

Main focus still the Parkes project

Adavale executive chairman and CEO Allan Ritchie said the company is honoured to work with both the Dieri and Adnyamathanha communities and values their enduring cultural connection to Country. 

“Adavale is committed to developing a framework that supports cultural respect, legal clarity and a long-term partnership,” he said.

“The executed Dieri NTMA and the consented-to Adnyamathanha NTMA (to be executed imminently) provides the foundation for Adavale to realise the full potential of its South Australian uranium tenements.”

Meanwhile, the company’s key focus remains its flagship Parkes gold and copper project in the Lachlan Fold Belt, NSW, where a systematic drilling program across brownfields and greenfields prospects is scheduled to commence this quarter.

“I look forward to providing further updates to shareholders during this exciting phase as we execute the company’s exploration strategy and advance our key projects,” Ritchie said.

This article was developed in collaboration with Adavale Resources, a Stockhead advertiser at the time of publishing. 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.