In late December last year, the New South Wales Independent Planning Commission announced their approval of Modification 4 to the Development Consent for Clean TeQ Sunrise. This allows us to implement a number of improvements to the project.
I joined with the Shire Councils of Lachlan, Forbes and Parkes to sign our Voluntary Planning Agreement (VPA) in December 2018. The VPA will ensure that the benefits of Clean TeQ Sunrise will be shared among all our stakeholders – with more than $18 million in funding for local initiatives to be made available over the first 21 years of Clean TeQ Sunrise, following a formal investment decision to proceed with the mine.
The Front-End Engineering and Design contract for the Clean TeQ Sunrise processing plant was signed with Metallurgical Corporation of China (MCC) in January. I was in China for the signing ceremony and meetings with the MCC team where I again saw their strong support for the Project and comprehensive professional advantages. I look forward to keeping you updated on this work.
During January, Clean TeQ Sunrise and Spiecapag completed the Raw Water Pipeline (RWP) survey works. The survey ran from the southern end of the RWP route and concluded at the Clean TeQ Sunrise site. As always, health and safety were a priority throughout the project – with extreme summer temperatures presenting challenging conditions.
We are seeing strong interest in Clean TeQ Sunrise from all levels of the global electric vehicle supply chain as we continue project financing and offtake discussions. We are confident of delivering a project financing solution prior to a final investment decision this year.
As we look ahead, our team in Parkes will have a new base soon, with the fit-out of the Clarinda Street office well underway. Our shopfront in Condobolin continues to be an excellent base to engage with the community; it is also used by members of the project team.
I look forward to spending time in the region and staying in touch throughout 2019.
Sam Riggall
Chief Executive Officer