Dot point 4 of the Highlights Section of ASX Announcement...

Dot point 4 of the Highlights Section of ASX Announcement summarises today's news very well.
"The Carpenters Project is a Cornerstone project for Alterra to launch its new business model in WA"

Of course to appreciate the significance it helps if you understand agribusiness and have been following the company's story.

Recall the announcement in Jan 2019 ringing in the appointment of Managing Director Oli Barnes.
Important details included him being mandated to pursue a growth strategy and a CV that included developing large scale high value tree crop projects.

Appointments to the internal team that included John Poynton OA, John McGlue, and Brett Heather aside, there were announcements about Technical and Regional Partner Agreements with Bennett and French where the Company locked in access to decades of production and markets IP and genetic material from out-performing orchards.

Now to the meat of this announcement. A 50 year lease of high quality land with water resources in a region recognised as one of the wold's three Goldilocks environments for avocado production. To those that don't know of the level of professionalism of Mario Casotti's own operations or the quality of the assets the Company has landed here 'do yourself a favour' and do some research.

While the news about securing the assets is cause for confidence in the future of the Company the messages in the statements made by the MD might take a couple of readings for some to fully appreciate.