SEAFARMS GROUP LIMITED Our Ref: SFG ASX Announce Appendix 4E Financial Report 2017 (541)
30 August 2017
Company Announcements Office Australian Securities Exchange
ANNOUNCEMENT 541
Level 6 By ASX Online
20 Bridge Street Number of pages: 1
SYDNEY NSW 2000 (including this page)
Dear Sir Indigenous Land Use Agreement for Project Sea Dragon Authorisation Meeting OutcomeSeafarms is pleased to announce that at a meeting in Kununurra today the Native Title holders of Legune Station authorised their legal representatives the Northern Land Council and the Top-End Body Corporate to enter into an Indigenous Land Use Agreement (ILUA) for Seafarms' Project Sea Dragon.
All key terms of the ILUA are now agreed between Native Title Holders and Seafarms.
The Indigenous Land Use Agreement takes account of all future stages of the project's development.
The terms of the ILUA are commercial-in-confidence between the Parties.
The ILUA is comprehensive and addresses all matters between the company and the Native Title holders.
Dr Chris Mitchell said 'Seafarms has always acknowledged and respected the rights of Native Title Holders and looks forward to implementing the ILUA and establishing an enduring partnership between the company and Traditional Owners'.
Reaching agreement with Native Title Holders is a critical milestone in achieving the full suite of approvals for the Project to go ahead.
Please telephone Dr Chris Mitchell on (03) 9928 5111 with any queries. Yours faithfully
Seafarms Group LimitedHarley Whitcombe Company Secretary
ENC
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