THE BOURSE WHISPERER: Sheffield Resources (ASX: SFX) advised the market of a notice of appeal that has been lodged by the Mount Jowlaenga Polygon #2 claimant group with the Federal Court of Australia.
Sheffield Resources said the notice of appeal was in relation to the recent good faith decision taken by the National Native Title Tribunal (NNTT), which found in favour of the company.
Sheffield explained that the positive good faith finding on 22 May 2017 was precedent to the substantive Native Title determination by the NNTT announced on 15 June 2017.
“An initial appeal hearing is scheduled for 28 July 2017,” Sheffield Resources said in its ASX announcement.
“Sheffield has sought legal advice and does not expect this appeal process to impact upon the development timeline of the Thunderbird mineral sands project.
“Sheffield shall continue to advise shareholders of further developments as they arise.”