PRL Media/news, page-696

Key points of David Frances Interview:

1st Green Hydrogen pure play on the ASX.
Project located 900km north of Perth in Carnarvon WA.
4th windiest place in WA with plenty of sunshine year round.
Currently 2nd largest Green Hydrogen project in Australia.
JV with Total Eren - Global Leader in Renewable Energy - This binding MOU with Total Eren sets PRL apart from other ASX Green Hydrogen plays.
Funding - Total to build, own and operate upstream renewable power generation side of project.
- Downstream Green Hydrogen production + distribution 50/50% costs and profits.
PRL has 1st mover status, got the best ground in WA. FMG now pegging all the ground around PRL. What are they up to??
Key Catalysts:
Scoping study underway, to be wound up in coming months.
Full feasibility study to follow if scoping study is successful.
Assuming positive scoping study = Binding JV Agreement with Total Eren.
Target is to develop 8GW of renewable energy in stages.
2yr Goal = Final Investment decision on Stage1 of the Project.
WA State Government very supportive of Green Hydrogen, management is hoping international pressure will force the Federal Government s hand to get further behind development of the Industry in Australia to meet Zero emission targets by 2050.