www.northernmanganese.com.au
Northern Manganese Limited has extensive manganese exploration projects in the Northern Territory.
Registered Office Address
Level 3, South Mill Centre
9 Bowman Street
SOUTH PERTH WA 6151
Tel: +61 8 6486 0980
Fax:+61 8 9368 6441
Postal Address
GPO Box 454
DARWIN NT 0801
Tel: 08 8941 8395
Email: admin@northernmanganese.com.au
Directors & Management
Mr Doug Daws, OAM
Chairman
Mr Lloyd Jones
Managing Director
Mr David Ryan
Non-Executive Director
Mr Robert Marusco
Company Secretary
ASX Code: NTM
Website: www.northernmanganese.com.au
ABN 24 119 494 772
15 August 2014
NORT2C0RASX135
NT GOVERNMENT PAYMENT HIGHLIGHTS Company confirms final payment of $2.8m from the Northern Territory Government for the surrender of Mineral Titles
Northern Manganese Ltd ("NTM" or the "Company") is pleased to advise that following its previous announcement on the 1 August 2014 that it had reached a final agreement with the Northern Territory Government
("NT Government") in the form of a Deed of Surrender, Release and
Payment (the "Agreement"), it can now confirm that the payment $2.8m has now been received by the Company.
The Board reaffirms that the Agreement only affects the Groote Eylandt Project sea tenements and that we still own applications for four Islands and three 'wet' tenements (over water) in Blue Mud Bay. The Islands are subject to negotiations but the wet tenements still fall within the moratorium. NTM also retain two Island applications within the Groote Eylandt project area that are not subject to the Deed of Surrender, Release and Payment.
The Company is now attending to some administrative issues and payment of creditors following the payment from the NT Government.
The Board will now give consideration to its business strategy and new opportunities going forward and in doing so keep shareholders informed as and when these opportunities are in a meaningful form for disclosure.
www.northernmanganese.com.au
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