Payment for Share of Expenditure in Joint Venture - The Irrevocable Direction by the Margalkmi Aboriginal Corporation ensures that the Northern Land Council pay Normandy Exploration Ltd all monies owed to the Margalkmi Aboriginal Corporation pursuant to the Land Rights Act Agreement. This direct payment will satisfy Margalkmi's obligations under the joint venture with Normandy to contribute its share of expenditure.
The Snowdrop Joint Venture exists between Normandy Exploration Limited, Aboriginal Exploration and Development Pty Ltd, Margalkmi Aboriginal Corporation and Northern Aboriginal Investment Corporation Pty Ltd.
