Fortescue Metals may appeal a Federal Court decision recognising a native title claim over land in Western Australia where it mines iron ore.
Chief executive Nev Power has told ABC radio that Fortescue is considering its options and is likely to appeal.
On Thursday, Justice Steven Rares recognised that the Yindjibarndi people have exclusive rights over Pilbara land on which Fortescue operates the Solomon iron ore mine.
Fotescue said in a statement on Friday that the Federal Court decision is complex and has application beyond Fortescue's operations.
The miner also said the court decision appears to contradict earlier Yindjibarndi rulings.
"For these reasons, our lawyers are reviewing the judgement and considering all options," Mr Power said in the statement.
"We accept that the Yindjibarndi people hold native title rights in the claimed area.
"All of Fortescue's Solomon mining rights remain valid."
Mr Power also said the company expects that the state and federal governments will also carefully consider the judgement given its wide-ranging implications and the potential impact that it may have on attracting new investment in resources, agriculture and tourism.
Senior Yindjibarndi lawman Michael Woodley has vowed to launch a compensation claim against Fortescue.
The Solomon mine in the Hamersley Ranges is 60km north of the mining town Tom Price.
Fortescue Metals shares fell 3.5 per cent on Thursday in the wake of the court decision, and were lower again on Friday as the iron ore price dropped by 3.2 per cent.
Fortescue shares were 13 cents, or 2.5 per cent, lower at $5.06 on Friday.
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