Jane Morgan Management
New Century Resources Limited (ASX:NCZ) is pleased to announce the execution of a Share Sale Agreement (SSA) with Waanyi SPC Pty Ltd (WSPC) for its non-controlling minority interest (49%) in the Lawn Hill and Riversleigh Pastoral Holding Company (LHRPHC) for a purchase price of A$9.8 million.
WSPC is the current 51% controlling interest holder of the LHRPHC. WSPC was established in 1998
in accordance with the Gulf Communities Agreement, the Native Title Agreement for the Century
Mine. The role of WSPC is to be the corporate representative of the Waanyi People, particularly in
relation to the ownership and management of pastoral companies.
The transaction preserves access rights of New Century to the pastoral properties for the purpose
of exploration, in accordance with an extended and amended Conduct and Compensation
Agreement.
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