Ocean Grown Abalone announced on ASX that they have expanded their Flinders Bay lease to 15,000 abitats up from the current lease with 10,000 abitats.
This will enable the company to increase their maximum capacity to 300 tonnes per annum of premium wild caught greenlip abalone, up from 200 tonnes per annum.
Also, as part of this release, OGA has announced that they will collaborate with the WA Department of Primary Industries and Regional Development to undertake a scientific research project focused on the growth optimisation of greenlip abalone.
Ocean Grown Abalone managing director Brad Adams said this meant a lot for the company - with their processing facility now in development and likely to be completed date of June 2019.
“We are considering expanding our abalone ranching production in the pristine waters of Flinders Bay to meet the increased demand for our premium product both nationally and Internationally,” he said.
“Abalone ranching has been recognised by the Government as a sustainable abalone culture technology that has positive environmental and economic benefits.
“We are also looking forward to strengthening our existing relationship with the acclaimed abalone research scientists at DPIRD.”
Mr Adams said the Mollusc research team at DPIRD has been widely published and are leaders in the field of abalone research and the ranching technology had been backed by strong science.
“We have collaborated on research and development in the past with Curtin University and Murdoch University,” he said.
“We will continue to work with research providers to enhance our understanding of this business.
“The opportunity to work closely with DPIRD scientists to further develop the abalone industry in WA is very exciting.”