The project is designed to alleviate the growing global demand for seafood. About 85 per cent of fish bought in NSW is presently imported.
Increasing size:
Plans presently on public exhibition also seek to increase the size of fish cages from 80-120 metres in circumference to 168 metres at each of the two leases, increase the number of cages from between eight and ten to 12 cages at each of the two leases, increase the size of the development from 20 to 30 hectares to 62 hectares at each of the two leases, install permanent feed barges at each site and, increase the total production of fish from 1,996 tonnes to 2,400 tonnes per annum.
HUO Price at posting:
$3.33 Sentiment: Hold Disclosure: Held
