Worth reiterating. From Stock head with David Frances.
Are you pretty confident this deal with Total Eren will evolve into a binding agreement?“Yes. The scoping study will happen over the next four months or so, which is when we intend to have the paperwork done,” Frances says.“If the scoping study shows a viable project, then we don’t have any doubts whatsoever the deal will be inked.” Are you confident the project is viable?“Yes, absolutely, from the data we have seen so far.” Is it too early to talk about who Province Resources plans to supply with green hydrogen?“We would be aiming to supply both domestic and export markets,” Frances says.“The government wants to see 10% hydrogen displacing LNG in the Dampier gas pipeline, which runs right through the project area.“We would look at helping the government hit that 10%.“And then there’s the export market. One of the beautiful things about having a partner like Total Eren is that they already have a global distribution and offtake network.” To summarise – why should investors care about Province?“Location, location, location. To produce world class renewable energy, you need a world class location,” Frances says.“Also, partners. The project area is attractive, and Total Eren can see that.“There are also massive tailwinds to get these [green hydrogen] projects up at the moment.“There is a wall of money coming for these projects, so funding isn’t an issue.“It about getting down to a feasibility study stage and then – if its stacks up – building it.”
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