Brief: Leaf Resources Intents To Double Operational Capacity To 16,000TPA

Foresta group

15/07/2021 02:56

July 15 (Reuters) - Leaf Resources Ltd  LER.AX :
    * CAPITAL RAISE AND BUSINESS UPDATE
    * INTENTS TO DOUBLE OPERATIONAL CAPACITY TO 16,000TPA
SUBSEQUENT
TO PURCHASE ORDER FROM YASUHARA
    * INCREASE IN PRODUCTION CAPACITY OF NATURAL ROSIN AND
TERPENES
EXPECTED TO INCREASE ANNUAL REVENUE POTENTIAL FROM A$30M TO
A$60M
    * WOOD PELLET PRODUCTION IS EXPECTED TO INCREASE FUTURE
REVENUE BY
ADDITIONAL A$8.0M PA AT NEW FULL PRODUCTION RATE
    * INSTALLED WOOD PELLETISATION EQUIPMENT CAPEX IS ESTIMATED
AT
A$4M AND PAY-BACK IS ESTIMATED AT 6-MONTHS

Source text for Eikon:  ID:nASXbz5kjK 
Further company coverage:  LER.AX 

 ((Reuters.Briefs@thomsonreuters.com;))