Yeah but is says its negotiated a contract with a major...A...

Yeah but is says its negotiated a contract with a major...





A supply and sales contract has been negotiated with a major international steel industry corporation, for the supply of mill scale and coal, and the sale of Austpac iron and char that will be produced by the Newcastle Iron Recovery Plant, currently under construction at Newcastle. This arrangement will accommodate the start-up and first years of operations at the Plant, and allows for capacity expansion in the future.
Austpac expects to conclude negotiations with a major corporation early in the coming quarter for the supply of pickle liquor and the sale of regenerated hydrochloric acid produced by the Newcastle Iron Recovery Plant.
Construction of the Newcastle Iron Recovery Plant is progressing at Newcastle.
An Environmental Protection Licence has been issued by the NSW Department of Environment, Climate Change and Water for the Newcastle Iron Recovery Plant. Development Consent was received from Newcastle City Council in the previous Quarter.
Pilot scale testwork was successfully undertaken at Newcastle to recover iron and hydrochloric acid from a chloride waste stream produced at an industrial plant by a major international corporation. It is likely this work will lead to several new patent applications, so the nature of the work is confidential. However Austpac will continue to work with this group in the coming months and expects this will lead to further significant developments before the end of the year.