Doray Minerals has announced an in-principle native title agreement it says will pave the way for the company to be granted a mining lease over its Andy Well gold project in the Murchison.
The Perth-based company today said the project wide agreement with the Yugunga-Nya Native Title Claimant Group covers the high-grade Wilber Lode deposit at Andy Well, as well as the proposed locations for the project’s mill and other mine site infrastructure.
Doray managing director Allan Kelly said the agreement was a significant milestone in the development of Andy Well.
“"Today’s in-principle agreement includes provisions for potential community development activities as well as significant financial benefits for the claim group,” Mr Kelly said.
“We have been in productive discussions with the Yugunga-Nya over the last 12 months and have been very appreciative of their cooperation and desire to reach a mutually beneficial outcome, and we look forward to working with the group in the future," Mr Kelly said.
At 11:00AM WST, Doray stocks had gained 3.8 per cent, to trade at $1.36.