Hillgrove 2019, page-4

Hi Foyt,

You pose a good question in relation to the government grants and I think provide the answer to it.

"Kanmantoo was not one of them (despite the fact we are told theirs is the most viable ) . Why ?"

If you look at the grants they are all about providing support to help projects get to a final investment decision.

Having received bids at the end of a tender process it seems we have got ourselves to a final investment decision without funding support.

My money is on the PHES going ahead with an announcement not far off. The fall back of course is the original plan of mining the main prize under the pit. As has often been said, to wear the possible disruption to continuing operations, the PHES prize will need to be a decent sum.


”Rise RenewablesReceived a $3 million grant towards $6.3 million in accelerated engineering, design and development activities “With this grant we will complete project development for the Baroota Hydro Project,

”EnergyAustraliaSecured a $500,000 grant towards $8 million in engineering and design activities to support its pumped hydro energy storage project at Cultana, north of Whyalla.

GFG AllianceSecured a $500,000 grant towards $1.7 million in pre-feasibility work on its pumped hydro energy storage proposal at Iron Duchess mine site in the Middleback Ranges.

“Projects like these require a significant amount of work before reaching a final investment decision. We are very grateful for the support from the South Australian Government as we develop solutions for Australia’s modern energy system.”