Investor Presentaiton
Business overview
Operations
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Flinders 2 completed October 2018
Since FY 2017 total capacity increased 100% to 10,000 installed Abitats
■ If laid end to end Abitats would be approximately 20 Km's long
Installed capacity lays the foundation for increases in future harvests/sales
Production and Sales
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Harvest FY 2018 - 38.1 tonnes (FY 2017 - 17.2 tonnes).
Sales FY 2018 - 35.8 tonnes (FY 2017 - 11.4 tonnes).
BIOMASS Growth
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Total BIOMASS @ 30 June 2018 - 161,835 Kg (@30 June 2017 - 121,870 Kg).
■ Commercial BIOMASS @ 30 June 2018 - 100,718 Kg (@ 30 June 2017 -75,515 Kg).
Processing
⚫ New processing building contract awarded and construction commenced.
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Target completion June 2019.
Brings additional flexibility and productivity improvements to the business.
Resolves processing "bottleneck" limiting production.
Future Developments
■
Wylie Bay - 12 month assessment completed. Encouraging and comparable to
existing commercial ranches in Augusta.
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Ocean Grown
Abalone
Private & Confidential
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