NeuRizer Ltd (ASX:NRZ) has executed an Infrastructure utilisation Licence Agreement with the South Australian Government for the exclusive use of existing infrastructure at the site of the NeuRizer Urea Project (NRUP), at Leigh Creek in northern SA.
This agreement allows for significant efficiencies and cost savings by leveraging existing infrastructure on site.
Highlights
• The agreement allows for exclusive use of significant existing infrastructure
• The infrastructure licence covers such items as:
a. Fully serviced administration building (with existing air conditioning, heating, power and communications) of approximately 1,040 sq. m in size – includes reception area, offices, meeting rooms, lunch room, storage, and additional administration facilities comprising of a 330 sq. m training and medical facility and 295 sq. m maintenance support building;
b. Major warehouse of approximately 3,120 sq. m in size, containing a 36 tonne gantry crane, three-phase power, heating and cooling, high entry and egress points, and administration area;
c. Maintenance warehouse of 3,120 sq. m with 15 tonne gantry crane;
d. Drill/blast shed of 600 sq. m with 10 tonne gantry crane;
e. Storage sheds of approximately 1,980 sq. m and 885 sq. m respectively;
f. Equipment and vehicle wash facility;
g. Various other smaller buildings;
h. Extensive network of Groundwater monitoring and production wells.
“We’re grateful for the continued support of the newly elected State Government and its agencies in progressing this project of national significance,” NRZ Managing Director, Phil Staveley, said.
“The granting of use of the existing infrastructure on site by the South Australian Government not only leads to great cost and time efficiencies in our construction schedule but also sits directly in line with our mission to minimize our carbon footprint through clever reuse/repurposed/recovery approach by use of on-site energy, feedstock and infrastructure and in the same time minimize the traffic on our roads.”
Mr Staveley said NeuRizer will commence upgrades to the existing infrastructure immediately with maintenance/upgrade occurring contemporaneously to other Stage 1 work.
The infrastructure assets have an estimated replacement cost of between A$50 million and A$70 million dollars representing a significant cost saving to the NRUP construction cost.
“This opportunity will become part of the Front-End Design and Engineering (FEED) process currently underway with NRZ’s international partners, and the significant cost saving reflected in the Bankable Feasibility Study following FEED completion and as well our groundwater baseline will start immediately and this will significantly decrease the upstream capex.”
For further information please visit: https://neurizer.com.au/
