Sandy Ridge Project Update – May 2019
- Manufacturing commences on air dome structure in the USA and modular buildings in Perth
- Pre-gate enabling infrastructure upgrades and maintenance works continue as planned
- EPC contractor continues to progress detailed design and procurement of sub-contracts
- Planning and approvals now completed for Mt Dimer air strip upgrade with mobilisation later this month
The following is a brief summary of our recent activities at our Sandy Ridge FacilityRead more
Sandy Ridge Facility has now secured Australian government state government and local government approval
- Western Australian Government approval secured in June 2018
- Australian Government approval secured in January 2019
- Local Government approval secured in April 2019
Sandy Ridge construction update – March 2019
- Stage one enabling works progressing to plan
- Engineering Procurement &Construction (EPC) contractor commences engineering andprocurement works
- Project Management Consultant (PMC) mobilisedand co-located with Tellus in our Perth Office
- Long lead item orders placed for Airdomeand Modular Buildings
- Pre-gate enabling infrastructure upgrades commenced
Tellus shareholder update
TELLUS TO ENGAGE A FINANCIAL ADVISER TO CLOSE OUT THE EQUITY PROCESS AND DRIVE LIQUIDITY FOR SHAREHOLDERS
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Tellus appoints new Non-Executive Director Kathy Hirschfeld
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Contractors break ground on Sandy Ridge Facility’s stage one enabling works
- Contractors mobilised to site and break ground on Stage one enabling works
- Stage two facility build expected in early June 2019, aligning with regulatory approvals
- On-site waste acceptance scheduled October 2019 and site fully operational March 2020
Tellus reaches financial close for Sandy Ridge development funding
- Tellus Holdings Ltd reaches financial close on the $102 million debt facility
- First debt drawdown has taken place
- Tellus’ existing shareholder equity entitlementis significantly oversubscribed
- Notice to proceed provided to Contractors to commence stage one enabling works
Australian Government approves the Sandy Ridge Facility
- Australian Government approval secured with 15 conditions under the Environment Protection and Biodiversity Conservation Act 1999 (Cwlth) (EPBC Act)
- Australian Government approval signifies confidence that Tellus can manage matters listed under the EPBC Act at Australia’s first dual near-surface kaolin clay mine and arid near-surface geological waste repository
- The next steps involve obtaining the Facility’s Works Approval and Operating Licenses
Tellus signs lead construction contract and project management contract for the Sandy Ridge project
- Tellus signs Lead Engineering, Procurement and Construction (EPC) contract with GR Engineering Services Ltd
- EPC contract program will commence in two stages to align with regulatory approvals
- Stage one enabling works to commence this February followed by stage two construction expected in early June 2019 and fully operational in March 2020
- Tellus signs Project Management Consultant (PMC) contract with Turner & Townsend
- Signed EPC and PMC contracts meet key conditions precedent for the recently announced A$102 million Debt Facility with first drawdown expected in the coming weeks
Tellus Holdings Sandy Ridge Financing Update
Dear Shareholder,
Shareholder Update – Finalisation of Debt Funding Package
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