With the objective of adding value to its near-surface lignite deposits, IER is developing its own proprietary beneficiation technology: the Cat-HTR Process. This process upgrades lignite, a low-rank coal, into a high-grade, micronised coal and a synthetic crude oil ('syncrude').
IER's Cat-HTR technology:
To bring forward cash flow, and to reduce technology development risk, IER is looking to utilise a proven lignite beneficiation technology. The testing of this technology will also demonstrate the potential pathways to market for upgraded lignite products.
In 2010, IER signed a Hosting Agreement with TRUenergy, a major Australian energy company with a multi-billion dollar portfolio of generation and retail assets. The agreement relates to the assembly of a Commercial Demonstration Plant ('CDP') of IER's Cat-HTR Process at TRUenergy's Yallourn brown coal-fired power station in Victoria's Latrobe Valley.
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Ignite Energy Resources Limited ('IER') is an Australian-based company focused on developing Exploration Licence 4416 ('EL 4416') and Exploration Licence Application 4968 ('ELA 4968'). EL 4416 contains extensive biogenic natural gas (BNG) and lignite (brown coal) resources, while both EL 4416 and EL 4968 are prospective for world-class heavy mineral sands deposits.