NORTHERN AUSTRALIA INVESTMENT OPPORTUNITY
Project Title:
Project Sea Dragon
Location:
Northern Territory
Project Proponent:
Seafarms Group Limited
Investment Amount
Negotiable, depending
on partner arrangement.
Total project capex: $1.45 billion
Phase 1: A$120-150 million
Timeframe:
TBC
Industry sub-division: Aquaculture
Project Description:
Project Sea Dragon is a large-scale, greenfield land-based aquaculture project in northern Australia designed to
meet the growing global demand for seafood. The project is proposed to be developed at a scale that enables it
to leverage Australia’s comparative advantages in land availability, biosecurity, marine science, access to key raw
materials and expertise in large scale resource and agricultural development.
Seafarms Group Ltd (Seafarms) has assembled experts in the fields of marine science, aquaculture management,
engineering, property law and finance to conduct a feasibility analysis of Project Sea Dragon. Project consultants
and partners include CSIRO, Jacobs-SKM, CBRE and Herbert Smith Freehills.
The pre-feasibility work has focused on the initial development of a production module of 10,000 ha of grow-out
ponds developed over three phases, with the capacity to produce around 120,000 tonnes per annum of Black
Tiger prawns.
The production system is to be fully integrated and supported by other infrastructure including a feed mill,
hatchery and broodstock facility, power station, processing plant and storage and export facilities.
Phase 1 will involve a 1,000ha grow-out pond, an on-site processing facility and headworks for planned
expansions. A Darwin-based hatchery is also proposed.
Seafarms is currently looking to commence the bankable feasibility stage and is interested in meeting
development partners and investors with mandates for either the entire integrated project or sub-components
such as the processing facility, related infrastructure including power stations and transport networks, and land
tenure.
The company is also seeking investors interested in securing product offtake and providing assistance with export
market development, particularly across Asia-Pacific.
-2Project Proponent:
Seafarms Group Ltd is a subsidiary of ASXlisted Commodities Group Limited (ASX:COZ).
Its purpose is to operate, build and invest in
sustainable aquaculture production platforms
producing high-quality seafood.
Seafarms is currently the largest producer of
farmed prawns in Australia – growing,
processing and distributing the premium
branded Crystal Bay™ Prawns from facilities in
Western Australia and Queensland. It also has
interests in investing in new aquaculture
assets and enterprises, technology, and
research and development.
Seafarms directors and staff have expertise in agricultural and aquaculture economics, major project approvals
and engineering and scientific research and development.
Further Location Details:
Seafarms are pursuing opportunities to acquire freehold
and leasehold land in northern Australia.
Following extensive geographical site analysis, Seafarms
has identified five regions across the Northern Territory
and northeastern Western Australia that it believes can
support the development of 10 production modules of
1,000 ha each in grow-out ponds (total 10,000 ha).The
company’s analysis examined elevation and slope, soils
and vegetation, water availability, and access to
infrastructure.
The company is now entering the final feasibility stage
with a view to confirming the location for the first phase
of Sea Dragon in 2015.
Contact Details
Lorraine Corowa - Director Major Economic Projects
Department of Primary Industry and Fisheries, Northern
Territory Government
E: Lorraine.Corowa@nt.gov.au
T: +61 8 8999 5363
W: www.nt.gov.au/dpif
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