Agrimin Limited signed a Native Title Agreement with Parna Ngururrpa (Aboriginal Corporation) RNTBC ("PNAC"), the native title representative body for the Ngururrpa native title holders (Figure 1). The Native Title Agreement provides the necessary consents for a Miscellaneous Licence to be granted to Agrimin by the Department of Mines, Industry Regulation & Safety. Agrimin and PNAC commenced formal negotiations in November 2020 in relation to a Native Title Agreement to permit the construction and operation of Agrimin's haul road, whilst preserving the traditional way of life of the Ngururrpa native title holders.

The negotiations have involved numerous on-country meetings and heritage surveys, as well as input from environmental, economic and legal experts appointed by PNAC. The Native Title Agreement provides the necessary consents for a Miscellaneous Licence to be granted to Agrimin by the Department of Mines, Industry Regulation & Safety. As part of the agreement, PNAC's anthropologists have prepared a Cultural Heritage Management Plan ("CHMP") for the Mackay Potash Project.

The CHMP provides heritage clearances for all the proposed infrastructure required to support the haul road, including communication towers, turnouts, rest stops, borrow pits, aggregate sources, water abstraction bores, drains, turkey's nests and water storage. The agreement contains a range of financial and non-financial terms which remain confidential in nature. The Company has agreed to issue 1,000,000 ordinary shares to PNAC, escrowed for three years, as part of the terms.