With an estimated salt and Sulphate of Potash (SOP) revenue of about US14.8 billion over 20 years, an estimated IRR of 31% and Cumulative cash flow of US$6.7 billion pre-tax with a NPV of US$2.4 billion (DR of 6%); our subsidiary, Salternas GmbH (SG) intends to simultaneously construct additional facilities to enable the production of the food products and Sulphate of Potash (SOP) detailed in the document.

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This non-speculative project is based on certainty. It is not an exploration or mining project, but a simple production project producing a guaranteed natural resource of 13 million TPA in perpetuity; therefore, no exploration drilling, resource delineation or uncertainty, simply the construction of salt-plant facilities, ponds and food production infrastructure.

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This project is ideally suited to the investor with philanthropic intentions, juxtaposed with an attractive return on investment.

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SG has secured a 25-year agreement, renewable for successive terms of 25 years thereafter, with the Government of Somaliland to develop a solar salt production facility to produce up to 13 million tons of salt for export per annum. The Government has granted SG a first-stage minimum of 150 km2 of ocean frontage land. The project is financially and technically viable with Somaliland possessing a perfect climate for solar salt production with good access to major shipping routes. The global market for solar salt is currently faced with a shortfall of supply with limited capacity for increased production by the main producers. SG can meet the market requirements in both quality and quantity to produce a reliable continuous supply of Australian grade solar salt.