Tellus Holdings 2018 Annual General Meeting results
RESULTS OF 2018 ANNUAL GENERAL MEETING
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Tellus Holdings Board approves Sandy Ridge final investment decision
- Tellus Holdings board approves Sandy Ridge final investment decision (FID), subject to financial close
- Declaration of FID allows the company to complete several conditions precedent required by the preferred funding partners
- Financial close and a staged construction is expected to begin before the end of the year and will be compliant with granted and pending regulatory approvals
- The formal facility commissioning is expected at the end of 2019 with first waste receipt on the surface possible prior to this date (subject to approvals)
Tellus Holdings Shareholder Update
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Tellus business systems continue to meet international standards
- Tellus successfully transitions to ISO 9001:2015 Quality Management Systems and ISO 14001:2015 Environmental Management Systems
- Tellus maintains certification to AS/NZS 4801 Health & Safety for the sixth year in a row
- Tellus committed to meeting best practice through the purchase of INX Software to manage its health, safety, environment and quality compliance system
Australian Government approves Chandler Facility
- Australian Government approval secured with 13 conditions under the Environment Protection and Biodiversity Conservation Act (Cwlth) (EPBC Act)
- Australian Government approval signifies confidence that Tellus can manage matters under the EPBC Act at Australia’s first dual underground rock salt mine and complementary storage business
- The next step is to incorporate 19 NT EPA recommendations and the 13 Australian Government conditions into an Extractive Operations Mining Management Plan (MMP)
- Once the MMP is approved, a Mining Authorisation can be granted by the NT Minister for Primary Industry and Resources to allow salt mining to commence
Sandy Ridge mining lease granted
- Sandy Ridge Mining Lease granted by the Western Australian Government
- Four Miscellaneous Licenses granted for access and water infrastructure
- Tellus now has sufficient tenure to commence construction and mining activities at Sandy Ridge under the Mining Act
Sandy Ridge early works commences
- Sandy Ridge early works commences to meet final licence conditions
- Early works includes site preparations for construction contractor mobilisations.
Western Australia Minister for Environment approves Tellus’ Sandy Ridge Facility
- WA Minister for Environment approves Sandy Ridge Facility, subject to conditions
- Sandy Ridge Facility is Australia’s first dual open-cut kaolin mine and arid near-surface geological waste repository with a 25-year operating licence
- The project involves mining up to 290,000 tonnes per annum (tpa) of kaolin clay and receiving up to a maximum of 100,000 tpa of Class IV and V waste at the gate
- The project creates approximately 90 construction jobs and 70 operational jobs at peak
- The Facility provides much needed sustainable infrastructure that can assist in “cleaning up country”, support the circular economy, create jobs and generate business opportunities
- Tellus’ Waste Service Contract order book with waste producers and managers continues to grow on achievement of each milestone
Tellus Receives $1.6 Million Research and Development Tax Incentive Refund
- Tellus receives $1,600,000 Research and Development refund
- Tellus’ R&D provides sustainable solutions for our clients