Province Resources Ltd has signed an MOU with the Shire of Carnarvon in the Gascoyne Region of Western Australia to investigate suitable areas for developing green hydrogen infrastructure.

The material terms of the MoU are as follows:

• Province is currently investigating the growing green energy market and the potential of renewable green hydrogen energy in Australia.
• The parties wish to cooperate and proceed with furthering the development of the project through investigating the viability of utilizing the area pictured in Schedule 1 (above) for developing and constructing part of the infrastructure for the project.
• This MOU came into full force and effect on and from 1 May 2021 and will remain in force for a period of 6 months, with Province having an option to extend the termination date by a further 6 months by notice in writing to the Shire.
• This may be further extended by mutual agreement of the arties. If the area is suitable for the intended purpose, then the parties agree to negotiate in good faith and enter into a formal long-form agreement during the term of the MOU.

"Our recent binding MoU executed with Total Eren to perform a feasibility study in view of potentially developing up to an 8-GW renewable power facility and downstream hydrogen facility demonstrates our clear intention to be a major green hydrogen company, and with local and state government support, I believe the Gascoyne Region has the potential to become a leading global supplier of green hydrogen products, boosting local industry and jobs," said Province Managing Director, David Frances.

"Our HyEnergy Zero Carbon Hydrogen Project is proposed to be one of the biggest commercial scale green hydrogen projects in the world, and we and our partners Total Eren are looking forward to progressing the project with the Shire of Carnarvon and local stakeholders continued support."