Homo Sapiens left Africa 125,000 years ago and traveled to South Asia and Australia about 50,000 years ago. The aboriginal legends can help science now, but like in the old days: knowledge has to be paid for.
You have to pay knowledge and sometimes more than that. Science has gotten into a project of paying with astronomical knowledge to the Gunditjmara, an ancient tribe who has a legend about a wave killing everybody. It tells about the people who fled way up high and survived this giant wave. Professor James Goff, who specializes in Tsunamis, researched the land in the vicinity to find a layer of ocean sediment. This suggests that the legend indeed describes a Tsunami.
Scientists now are starting to believe that these old mythologies tell about events that took place thousands of years ago. But not a lot of aboriginals who can speak their ancient language are left. And those who still hold on to their old knowledge are reluctant to share it with scientists. So the scientists nowadays trade in the old-fashioned way. They trade knowledge: giving the aboriginals their knowledge of astronomy.
If you want to dive further into the mythology of the aboriginal there are some very good books available:
Myths and legends of the Australian aboriginals* written by W. Ramsay Smith tells about their ancient stories.
A lot of myths are in this book: animal myths, personal myths, the myth of Puckowe, the Grandmother spirit…
Another book filled with information about aboriginal wisdom is written by 
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