Province Resources Limited (ASX:PRL) (the Company or Province) is pleased to report on the June
2021 quarter activities.
HIGHLIGHTS/SIGNIFICANT EVENTS
• Binding 12-month Memorandum of Understanding (MoU) executed with global renewable
energy leader Total Eren to perform a feasibility study in view of potentially developing up to
8GW Renewable power facility and co-developing 50:50 with Province a downstream
hydrogen facility (see ASX Announcement 19 April 2021)
MOU Total Eren https://www.total-eren.com/en/\
Home - Total Eren
OUR STRENGTHS Every day, Total Eren stands out thanks to its ability to secure, finance, build and operate renewable energy projects at a global level, while remaining a flexible and creative player. THE VISION OF A LONG-TERM INVESTOR THE AGILITY OF A DE
www.total-eren.com
50 대 50 으로 수소 시설 계발 MOU 체결. 1년 계약.
• Province reached an important milestone with the signing of a Memorandum of
Understanding (MoU) with the Shire of Carnarvon to collaborate on the potential
development of its HyEnergy ZERO CARBON HYDROGEN™ Project (see ASX Announcement 4
May 2021)
https://www.carnarvon.wa.gov.au/Home
Shire of Carnarvon
Welcome to the Shire of CarnarvonGWN7 Top Tourism Town 2018
www.carnarvon.wa.gov.au
• Province secured commitments for heavily oversubscribed $18m equity raising led by ESG and
other institutional funds, to advance both the scoping and feasibility studies at its HyEnergy
ZERO CARBON HYDROGEN™ Project and further its mineral exploration portfolio (see ASX
Announcement 20 May 2021). Cash position at the end of the Quarter $23.6m
• Significant progress with government and local stakeholder engagement made during the
quarter by Province and Total Eren
• Scoping Studies well underway and progressing well
• ERM engaged to undertake environmental studies
• Adopted Environmental, Social, and Governance (ESG) Quarterly reporting
• The Company completed the acquisition to acquire all of the shares in Ozexco Pty Ltd that
includes tenements that relate to the Gascoyne and HyEnergy Projects in the Gascoyne
Region, Western Australia (see ASX Announcement 27 April 2021):
o Material acquisition with potential for multiple projects and commodities focusing on
Industrial Minerals and Renewable Green Hydrogen
o Extensive inter-tidal and alluvium areas, including mud flats in proven salt producing
region that may be amenable to large-scale solar salt and potash development
o World class wind and solar resources with close proximity to key infrastructure provides
potential for the establishment of a Renewable Green Hydrogen Project
o Extremely supportive Local, State and Federal governments in emerging Green Hydrogen
Industry set to fast-track projects
• Further to the acquisition of Ozexco Pty Ltd, Province identified and applied for tenements
covering a further 864km² in the Gascoyne coastal region prospective for Industrial Minerals
and a potential green hydrogen production site (see ASX Announcement 7 April 2021)
• Early-stage community engagement meeting with the Carnarvon Chamber of Commerce and
Industry held in Carnarvon (see ASX Announcement 15 June 2021)
• Letters of Support from the Gascoyne Development Commission and Shire of Carnarvon for
the Gascoyne and HyEnergy Projects. Province Resources Ltd
ABN 83 061 375 442
358 Rokeby Road, SUBIACO WA 6008
PH: +61 8 9329 6862
• Key appointments of Kylah Morrison and, subsequent to the end of the Quarter, Roger Martin,
as Non-Executive Directors to significantly strengthen the Board.
• Appointment of key management personnel of Greg Walker and Burke Maslen to drive the
approvals and key stakeholder engagement across all exploration projects
• Exploration planning progressing at Gnama Project in the Fraser Range, Western Australia
with environmental surveys to be undertaken in Q3 prior to drilling
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