The NT Land Corporation holds Crown Lease Perpetual 1478 over part of the former Wildman River Station. The 26,000 hectares Wildman Agricultural Precinct is located approximately 135 kms from Darwin, along Point Stuart Road.
The area was acquired for agricultural development in the 80s. Recent Soil and Land Suitability studies confirm the viability of the area for agricultural development.
A Call for Expressions of Interest closed in February 2021 and following this process NTLC has entered into direct negotiations with a preferred proponent.
Negotiations are expected to be finalised by the end of 2021 and if successful that proponent will be ready to get on-ground in 2022.