Clearly NTM (+ shareholders) have had a gut full of all this politicking and mgment has decided rightly to move on.
The inability to progress is attributed to intractable stance of ALC/TO and "apparent inability of Northern Territory Government to adhere to its own procedures". Given that NT Gnment was unable/unwilling to support appraisal/assessment of a potential world class managnese deposit, the message is loud and clear to any future potential investors into NT.
I am also happy to read that NTM will "continue to do everything legally available to it to establish an approved exploration program....commencing with planned acoustic survey".
MS
NTM Price at posting:
3.1¢ Sentiment: None Disclosure: Not Held
