Tassal Group Limited announced that it has received all major approvals from the Whitsunday regional Council and Queensland State Government for the Company's Stage 3 expansion plans for its prawn farm located near Proserpine. The company has now received all three major approvals required for Stage 3: Environmental Authority, issued by the Queensland Department of Environment and Science, specifying the environmental conditions and limits for the expanded prawn farm operation. Development Approval, issued on advice of the Queensland Department of Agriculture and Fisheries, confirming that the construction and operational plans meet all relevant requirements. Development Approval, issued by the Whitsunday Regional Council, enabling the development of the new hatchery infrastructure. Having received these approvals, the company’s prawn growth strategy continues to be on track. The company can now commence construction of Stage 3 at Proserpine, adding 80 hectares of ponds and the new hatchery infrastructure, in readiness for stocking the expanded farm in fiscal year of 2021. The total target hectares of production ponds at Proserpine for fiscal year of 2021, including the 80 hectares of Stage 3 expansion, is 270 hectares. With the Mission Beach and Yamba farms, the total production pond area in fiscal year of 2021 will be 350 hectares. Once Stage 3 expansion is completed, Proserpine will have the largest prawn water treatment area in Australia, with 85 hectares of total treatment area. The process for Stage 4 approvals, to provide the additional pond infrastructure for fiscal year of 2022, has now commenced.