Business
First commercial order in Australian mining sector
First commercial order in Australian mining sector.
About this update from Earnz Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9384Z\n Verditek PLC\n 24 September 2020\n \n \n \n \n 24 September 2020\n \n \n \n \n \n Verditek plc \n \n \n (\"Verditek\" or the \"Company\")\n \n \n \n \n \n First commercial order in the Australian mining sector\n \n \n \n \n \n Verditek plc, (AIM:VDTK) the clean technology company is pleased to announce, in line with its stated strategy to target verticals in the Oil & Gas, Marine and Mining industries, that it has won its first order in the mining sector in Australia, this represents an important new territory for the Company.\n \n \n Verditek has secured an order for its PowerMat solution from InterGroup Mining Limited (\"InterGroup\") to provide solar power to its exploration operations based in Queensland. InterGroup, which has already made a number of major gold discoveries is in the process of ramping up its operations significantly. The first order is for 75kW at their exploration camp but they anticipate a large increase in their power requirements over the coming 12-months, which provides the opportunity to the Company for further larger orders. The lightweight durable solar panels will be used as part of a diesel-solar hybrid system, with the solar panels significantly reducing the consumption of liquid fuel and hence offering financial savings to the operator as well as achieving a key objective for InterGroup, in wanting to make their mining operations as green as possible. InterGroup have chosen Verditek's rapidly deployable PowerMat solution that can be easily moved to any of their sites. The unit is expected to be shipped to Australia in December 2020 and first stage payment has been received.\n \n \n \n \n \n \n Steve White - MD of InterGroup commented\n \n , \"As we expand our operations significantly, we have been looking for a cost-effective way to adopt green technology, that will move us towards our aim of being a leader in ecologically friendly gold production. Given our projected power demands as we ramp up our mine development, we believe there is scope to increase our take-up for Verditek PowerMat to between 1.5-2MW over the next 12-months.\" \n \n \n \n \n \n \n Robert Richards - Verditek CEO\n \n \n commented \"I am extremely pleased that we continue to deliver on the strategy of delivering solar solutions to off grid install...