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 EST

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"
02:47pCopper Climbs on Fresh Trade Hopes
DJ
02:47pTRANSAT A T : 2019-02-15 — Transat A.T. Inc. to Implement Recently Increased Foreign Ownership Levels
PU
02:47pLOCKHEED MARTIN : Army Picks BAE Jammer To Kill Russian Missiles (Softly)
AQ
02:47pAMAZON COM : Pivot Raises Scrutiny of Incentive Deals
DJ
02:46pCURRENT SHAREHOLDERS : Zamansky LLC Investigates Molson Coors Brewing Company (TAP) for Potential Breaches of Fiduciary Duties
BU
02:45pSEC Files Charges in Elaborate Microcap Stock Fraud
NE
02:43pMOTOROLA SOLUTIONS, INC. : Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K)
AQ
02:42pCISCO : Extending Intent-Based Networking to the IoT Edge, a Cisco Champion Radio Podcast (S6|Ep.3)
PU
02:42pDANA INCORPORATED : to Participate in Barclays Industrial Select Conference 2019
PR
02:42pSHAREHOLDER ALERT - BRONSTEIN, GEWIRTZ & GROSSMAN, LLC NOTIFIES INVESTORS OF CLASS ACTION AGAINST AVON PRODUCTS, INC. (AVP) AND LEAD PLAINTIFF DEADLINE : April 15, 2019
GL
Latest news "Companies"
Advertisement