Dr Deb Pearce: Seafarms
Project Sea Dragon is an integrated system for the production of high quality black tiger prawns for export markets. Development of the production system requires the establishment of six sets of facilities across five sites in northern Australia.
In August 2017, Native Title Holders authorised an Indigenous Land Use Agreement for Project Sea Dragon’s grow-out centre consisting of prawn farms and ancillary facilities proposed for Legune Station, 100km north-east of Kununurra.
This was followed closely by a Project Development Agreement signed with the Northern Territory Government in early September. Both endorsements signalled the final pre-investment requirements which now enable Seafarms to take its full feasibility assessment to the global marketplace. Further information can be found at www.seafarms.com.au or search on ASX code SFG for investor information!
Local consultant Dr Debra Pearce has been working with Seafarms since 2015 to ensure maximum community engagement and local understanding as the project develops. This includes not only the Legune site, but the associated processing facility to be located at the Kununurra Research Facility.
Dr Pearce will discuss Seafarms’ experiences with the challenges of investing in Northern Australia and how these impact upon the ability to compete on a global or even national scale.