Hi All.Thought you might be interested in Dave's reply to a...

Hi All.

Thought you might be interested in Dave's reply to a Galvanizing question;

RE: Galvanising Industry Project
Hi Dave,

Because of the absence of an agreement between GBG and the Victorian EPA I am wondering why Intec has commenced work on the "spent pickle liquor project". Though it is inferred that Intec is working on the GBG project I wonder if it is not really directed at the Green Resource Project in Guangxi Province. The Lingshan Wastewater Treatment Plant has the possibility of "Collectively recycling heavy metals from up to 200 electroplating operations in a single industrial park". This plant is being considered with up to ~100,000 litres per day" being available and where a "Pre-feasibility study" is underway. (All quotes are from the AGM Powerpoint presentation). GBG is chicken feed compared to the above project. Is Intec doing work on "spent pickle liquor" to ready itself for rapid advancement of the Lingshan Wastewater Treatment Plant?

Cheers.

RE: Galvanising Industry Project
Response from Dave Sammut, Intec Ltd

Hi Mango,

The galvanising industry project in Victoria stands alone. The fact that we have started work on it reflects firstly our enthusiasm for the outcomes of the work, and secondly our expectation that the formal agreement will be signed shortly, with an accelerated funding schedule addressing the fact that we have already started work.

Of course, the galvanising industry technology will be applicable to multiple international jurisdictions. Indeed, all of our work and demonstrated success for all of our Australian operations will inform and assist equivalent, but significantly larger Chinese projects. There is an opportunity to use the comparatively small Australian market as a place to 'incubate' our new IP, where we have direct control over the projects, immediate access for our technical staff and where we can optimise the outcomes, before transplanting that technology into China via Green Resources.

Cheers.