So nobody saw the presentation? That's a shame. They used the...

So nobody saw the presentation? That's a shame. They used the same slide from 1H22 results on seaweed, which I am quite interested in.



They now have two seaweed projects - the 2018 IMTA kelp farms in southern Tasmania, which we haven't heard much of an update on; and the 13HA proserpine seaweed partnership with the University of Sunshine Coast's Seaweed Research Group. The 305t in 1H22 is worth around $6m according to my understanding - but not 100% sure what they are doing with the seaweed at the moment, and which variety it is. I had a look at the USC website and you can see a reference to their research - focused on improved immunnology of salmon, so could be feed inputs.
https://www.usc.edu.au/about/usc-news/news-archive/2022/march/seaweed-scientist-funded-to-find-high-value-aquaculture-solution

Tassal have been tight lipped about it. They did recently post about their seaweed being used potentially for fertiliziers, carbon sequestration, animal feed (Sp. Asparagospis). etc. At the moment they are using the settlement ponds to grow it - so very efficient way of operating. They received some additional grant funding from FRDC for the research, small fry though. The 13ha is just the tip of the iceberg really. They have I I think 80ha of settlement ponds on the current 325ha of prawn ponds; and are expanding by 210ha with another 59ha of settlement ponds. So that's up to 140ha of settlement ponds in total - or 10x current pilot phase, giving a potential annual revenue runrate of $120m at $2,000t with current productivity levels (this is not a forecast). Future feed reckons Asparagospis will be closer to $5,000t, which would make it $300m of revs.



Glad to see this is moving forward still.