This is from NB in a September announcement last year ......
Management Comment
Greenvale Managing Director Neil Biddle said: “Our commercialisation strategy for the
unique Alpha Torbanite Deposit is rapidly taking shape, supported by the successful
Retort Testing Program – now in its final stages.
“Importantly, sighter testing has confirmed historical data which indicates that the
Alpha material is high yielding and shows that the deposit can produce a range of high value products with excellent commercialisation potential. These include industrial
carbon products, bitumen products, liquid fuels, electricity and sulphuric acid.
“One of the most important conclusions from our work so far is that it has confirmed
that Alpha can produce a range of synthesised and refined products for sale using
proven, off-the-shelf technology including pyrolysis systems, refining and power
generation equipment that can be sourced relatively easily.
“One of the key changes to our development strategy is a proposal to include a 100MW
power station as part of the Project, powered 50% by gas and 50% by solar. This
introduces an important renewable energy aspect to the Project, with the power station
aimed to have a total life of some 30 years.
“This power system will feed into the local grid, helping to make the Project carbon neutral over its life and contributing a significant proportion of revenue during the initial
years of mine life.
“We look forward to providing further details about these exciting new developments
as part of the Definitive Feasibility Study targeted for completion in Q1 next year. In
the meantime, work is continuing towards the delivery of JORC Mineral Resource by
the end of the year, engaging with potential off-take partners for our key products and
advancing other key aspects of the Project’s commercialisation strategy.”
Note the reference to Carbon Neutral, DFS in Q1/2022 and JORC Mineral Resource in Dec 2021.
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This is from NB in a September announcement last year...
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