Project Update Week Ending 13 November 2020

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Project Update Week Ending 13 November 2020 Project Update Week ending 13 November 2020 Strandline appoints Contract Power as preferred contractor to build Coburn’s power fuelled generation with state-of-the-art solar facilities and battery storage technology. 4 November The proposed power solution enables HIGHLIGHTS Strandline to capture energy supply cost • Strandline appoints Contract Power as savings relative to the Definitive Feasibility preferred contractor to build, own and Study (DFS) published in June 2020. operate a 32MW hybrid gas and renewable energy solution for the Coburn mineral sands Contract Power, a wholly-owned subsidiary of project in WA Pacific Energy Ltd, specialises in turn-key • The proposed power solution enables design, installation and operation of energy Strandline to capture energy supply cost assets and has a strong track record of savings relative to the Definitive Feasibility delivery in the mining sector of WA. Study (DFS) published in June 2020 • Innovative low-cost, low-emission solution Coburn’s power station will be located near integrating gas-fuelled power generation with the mineral separation plant (MSP). The solar renewable energy and battery storage power station is designed suitable for a technology maximum demand capacity of 16 MW and • The parties have now commenced average consumed power of ~10 MW. preparation of final contract documentation to the satisfaction of Strandline and Coburn’s Natural gas will be supplied by others under lender group an industry standard long-term LNG supply • The scope represents a major development agreement and trucked to an on-site storage package and is one of Strandline’s conditions and re-vapourisation facility supplied by precedent to finalise project funding Contract Power. The LNG then feeds a set of efficient engine generators on an N+1 basis Strandline Resources (ASX: STA) is pleased to and has ~30% solar (renewable) penetration announce that it has taken another important for the major stable loads. step towards development of its Coburn mineral sands project in Western Australia by Generation is at 11kV with step up to 22kV for appointing Contract Power Australia (Contract power transmission to the project loads Power) as preferred contractor to build, own across the mine site. and operate (BOO) the power generation facilities for the project. As preferred contractor, the parties will now compile final contract documentation to the Coburn’s purpose-designed power satisfaction of Strandline and Coburn’s infrastructure is based on low-cost, low- lenders. The contract is based on a 15-year emission solution integrating natural gas BOO (and maintain) commercial model with Page 1 (Click on relevant project links to go to online Project Database) fixed and variable payment regime for power NEW PROJECT consumed over the term. Bass Offshore Wind Energy This appointment follows Strandline’s recent Project A$18.5 million equity raising to advance early Location: Off the north coast of Tasmania works development activities while finalising Capacity: 360 MW in stage 1 with total the balance of project funding. Strandline capacity exceeding 2 GW over multiple stages continues to make strong progress towards Developer: Brookvale Energy definitive finance documentation and Status: Preliminary studies undertaken conditions precedent for the NAIF A$150 Expected cost: $1,200 mil for stage 1 million loan facility1 and is advancing Description: Development of an offshore wind discussions to secure a commercial debt farm with a transmission connection via tranche expected to stand alongside the NAIF Burnie Port and ultimately within the corridor funding. of the proposed Marinus cable. No significant infrastructure upgrades required to support Strandline Managing Director Luke Graham the first phase of the project. The delivery of said the appointment marked another key Marinus Link would be required to support step in its strategy to bring Coburn into the complete project capacity (and the project production and establishes an important could be a driver to support government relationship with Contract Power, a leader in investment in Marinus Link). Hybrid battery sustainable clean energy generation in options are being investigated both in Western Australia. Tasmania and in Victoria that will provide the project greater operational and trading 1 The Northern Australia Infrastructure flexibility with ability to meet client needs (i.e. Facility (NAIF) made an investment decision to firming for corporate PPA). Hydrogen market provide a A$150m loan facility for the opportunities will also be investigated. development of Coburn, subject to finalisation Contact: Glen Kierse of finance documents and satisfaction of CEO customary conditions precedent to first Brookvale Energy drawdown - refer ASX announcement 22 June Email: [email protected] 2020 Source: Strandline Resources Coppabella Wind Farm signs PROJECT NEWS commercial agreement with Hepburn Solar Farm Transgrid Hepburn Community Wind Park Co-operative 9 November is seeking planning approvals for a hybrid Goldwind Australia and TransGrid have signed renewable energy facility (wind, solar and a commercial agreement for the connection battery) to be named the ‘Hepburn Energy and construction of connection assets for Park’. The new 7.44 MW DC solar farm and a Coppabella Wind Farm located in the 10MWh battery storage facility will be co- Southern Tablelands of New South Wales, located with the two existing turbines of 4.1 approximately 30 kilometres west of Yass. MW total capacity ‘Gale and Gusto’ at the Leonards Hill site. In November 2018 Hepburn Tom Nielsen, the Development Manager for Wind received a $500,000 grant from the Coppabella Wind Farm said the agreement State Governments’ Community Renewables was a significant step in finalising the Program. Since then a number of detailed development of the wind farm. technical assessments have been completed for the project. Page 2 (Click on relevant project links to go to online Project Database) “We are pleased to once again work with our PROJECT NEWS long-term partner TransGrid to construct the Three projects gain AEMO connection assets and to operate and maintain the connection for Coppabella Wind registration Farm.” Sunraysia Solar Farm Maoneng is proud to announce the “TransGrid has a strong track record with registration of Sunraysia Solar Farm will be Goldwind, having successfully delivered effective on 10 November 2020. Sunraysia connection works on Gullen Range Wind Solar Farm features more than 750,000 solar Farm, Gullen Solar Farm, White Rock Wind modules and will generate 255MWDC of Farm and White Rock Solar Farm,” said Mr electricity. The solar farm is connected to Nielsen. TransGrid 220KV Balranald Substation, located in southern NSW. The project is expected to employ approximately 150 staff during the Molong Solar Farm construction phase, and up to 15 permanent TransGrid congratulates AMP Energy Australia ongoing maintenance employees once on the registration of Molong Solar Farm, operational. Coppabella Wind Farm is effective as of 10 November 2020. The solar approved for up to 75 wind turbines that will farm has an installed capacity of 30MW and produce approximately 900GWh per year of connects to the network at the 66kV bus of renewable energy to power more than TransGrid’s Molong Substation. Once 150,000 New South Wales homes. completed, Molong Solar Farm will produce enough solar energy to displace carbon Source: Goldwind Australia dioxide emissions equivalent to 10,500 cars a year. PROJECT NEWS Collector Wind Farm Port Augusta Renewable TransGrid congratulates RATCH-Australia Corporation Pty Ltd on the registration of the Energy Park Collector Wind Farm, effective as of 10 Various contractor opportunities are available November 2020. This Wind Farm has an and can be accessed on the Port Augusta installed capacity of 226.8MW and connects Renewable Energy Park website at to the network via a 330kV transmission line https://parep.com.au/. The combined wind located between Marulan Substation and Yass and solar photovoltaic (PV) hybrid project is Substation. The plant is located around 55km located approximately 8 km south-east of Port north of Canberra. Collector Wind Farm is Augusta in South Australia, and is 100% expected to generate around 530GWh of safe, owned by Iberdrola Renewables Australia clean, reliable electricity a year, enough to (Iberdrola) with support from DP Energy who power more than 70,000 Australian homes, is the original developer of the site. making it one of the biggest wind farms in NSW to date. It will comprise of 50 wind turbines and 250,000 solar modules together with associated infrastructure, to produce a total installed capacity of almost 320 megawatts (MW) of clean renewable energy. A new 275kV substation and export cable will connect the project into the South Australian transmission network via Davenport substation. Page 3 (Click on relevant project links to go to online Project Database) NEW PROJECT Cliff Head Oil Field is owned and operated Morgan Solar Farm by Triangle (78.75%). Royal Energy (21.25%) is to be acquired by Pilot, subject to Pilot Location: Morgan, Riverland region in South shareholder approval Australia Triangle to pay Pilot $300,000 (on Capacity: 150 MW stage 1 completion) and carry Pilot through Developer: Origin Energy completion of the WA-481-P Permit 3 Year LGA: Mid-Murray Council work program Status: Development application submitted to Triangle and Pilot agree to form the Cliff state government Head Wind & Solar Project
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