SLM Corporate advises the Northern Land Council and traditional native title holders on a giant prawn farm project ILUA in the Northern Territory

We are delighted to have acted as economic and financial advisers to the Northern Land Council and traditional native title landowners in the negotiation of a long term Indigenous Land Use Agreement covering all phases of development and production of the $2 billion Sea Dragon prawn farm on Leguna Station, near Kununurra, East Kimberley.  When completed, the project sponsor Seafarms Group (ASX: SFG) will be the largest tiger prawn producer in the world, generating significant financial and other benefits to traditional owners.

SLM’s role included a detailed economic assessment of the project, economic modeling, benchmarking and advice on royalties and other financial benefits to the traditional native title landowners, assistance with the negotiations, and the drafting of the relevant financial benefits clauses in the ILUA.

Our indigenous economic advisory practice has enjoyed a busy 12 months, with a number of significant engagements, including advice to the Kokatha Aboriginal Corporation on Oz Minerals’ Carrapateena Project, advice to the Wajarri Yamatji on the Commonwealth Square Kilometre Array Project, advice to the Central Land Council on the Lake Mackay Gold and Base Metals Project and advice to Taungurung Association on its compensation negotiations with the State of Victoria.

For further information, please call Barry Lewin on 03 92449644.

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