Prominent No activist and businessman Warren Mundine concedes the Indigenous Voice to parliament campaign has left Australians bruised, declaring he favours another referendum to recognise Aboriginal and Torres Strait Islanders in the Constitution.

Chairman of initial public offer candidate and regional copper explorer Fuse Minerals, Mr Mundine said Opposition Leader Peter Dutton’s apparent move to ditch plans for another national vote was right, saying voters need a “couple of years” for a process of reconciliation.