Magnetite Mines Limited (ASX:MGT) has inked a groundbreaking agreement, the "Walking Together – One Team Partnering Agreement," with Ngadjuri Nation Aboriginal Corporation, the Native Title owner of the Razorback Iron Ore Project's land. This voluntary initiative, aligning with Magnetite Mines' sustainability commitment, aims to foster enduring benefits for both parties. The agreement sets the stage for Native Title negotiations, guided by its principles.
Ngadjuri Nation Chairperson Carlo Sansbury highlights the importance of trust, respect, and transparency in the partnership, emphasizing the positive opportunities for future generations. MGT CEO Tim Dobson expresses pride in the historic accord, emphasizing the necessity of mutual trust and respect for the project's long-term success. The formal signing ceremony took place on Ngadjuri Country on December 20, 2023, with representatives from both entities, the South Australian Government, and SA Native Title Service officials present.
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