Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

Huon Aquaculture : HUO Media Release Western Australia Kingfish Opens in a new Window

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/11/2018 | 08:53pm EDT

12 October 2018

HUON AQUACULTURE GROUP LIMITED (ASX: HUO) Announcement

Huon secures licence for new Kingfish zone in Western Australia

Huon Aquaculture Group Limited (ASX: HUO) (Huon or the Company) is pleased to announce it has successfully secured a licence to operate in a new aquaculture zone off the Houtman Abrolhos Islands, around 60 kilometers west of Geraldton in Western Australia. The Mid West Aquaculture Development Zone is fish farm-ready following extensive environmental monitoring at the site and the completion of an Environmental Impact Statement by the Western Australian Government.

Huon will undertake additional detailed monitoring of weather and tide conditions across the 2200Ha site before committing the capital required to move to the commercialisation stage. Operations will commence once supporting infrastructure has been developed, and pending an Environment Protection and Biosecurity Conservation (EPBC) self-referral. Huon are also looking to acquire a suitable shore base in Geraldton. Huon anticipates that this pre-operational phase could take up to two years.

Huon considers this initiative to be a medium term investment and represents the next step in the Company's strategy to diversify their aquaculture operations into high demand species.

Update on Kingfish Trial in NSW

Huon recently successfully completed the first phase of a five-year Yellowtail Kingfish trial in the Port Stephen's area off the north coast of New South Wales. The Port Stephens trial is being managed in conjunction with the New South Wales Department of Primary Industries (NSW DPI). Huon and the NSW DPI are currently implementing the learnings from the trial prior to commencing commercial operations.

The Company sees the New South Wales and Western Australian Yellowtail Kingfish operations complementing each other, benefiting from shared best practice and the opportunity to service strong demand from both the domestic and lucrative Asian markets. Both ventures have the potential to deliver a significant financial return over time.

Further information is available on Huon's website.

END

For further information, please contact: Philip Wiese

Investor Relations, Huon Aquaculture Group Limited Phone (03) 6239 4204 Emailpwiese@huonaqua.com.au

Disclaimer

Huon Aquaculture Group Ltd. published this content on 12 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 October 2018 00:52:05 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Companies"
11:30pAFCON 2019 : Burundi On My Mind
AQ
11:30pAFCON : Chigova misses COSAFA
AQ
11:29pUNITED BANK FOR AFRICA : UBA's Support for Africa Day
AQ
11:29pMANCHESTER UNITED : Henry Onyekuru Bavarian's New Bride
AQ
11:29pAFCON : Jungleman keen to play big part in Zim football
AQ
11:29pJUVENTUS FOOTBALL CLUB : ‘Pep going nowhere'
AQ
11:24pSTEEL AUTHORITY OF INDIA : Fire at SAIL's Bhilai steel plant; no casualty
AQ
11:19pBEST BUY : At Best Buy, Pride is part of our business
PU
11:19pBEST BUY : Creating a culture of inclusion at Best Buy
PU
10:51pXPO LOGISTICS INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL : Kahn Swick & Foti, LLC Investigates the Officers and Directors of XPO Logistics, Inc. - XPO
BU
Latest news "Companies"
Advertisement