AMN – Agrimin Limited

today: R&D rested received

20 Dec: received the final payment of $0.4 million relating to the $2.0 million grant received under the Australian Federal Government’s Supply Chain Resilience Initiative, as announced to the ASX on 7
December 2021. The SCRI provides grant funding to Australian businesses to address supply chain vulnerabilities for critical products or inputs identified in the Sovereign Manufacturing Capability Plan. The final payment was received following Agrimin’s successful completion of the
milestones associated with SCRI grant.
Under the SMCP, agricultural production chemicals were identified for their high import dependence and their vital role in supporting the $60 billion Australian agricultural industry, as well as their
contribution to Australia’s Ag2030 target of an agricultural sector worth $100 billion by 2030.

Specifically, Sulphate of Potash is identified as a potential supply chain vulnerability. SOP is an essential chloride-free potassium fertiliser that is used by farmers on high value crops such as fruits, vegetables, berries, potatoes and tree nuts. The Australian market is highly dependent on imports for over 50% of its fertilisers and crop protection products, including being entirely reliant on imports for its current potash supply.

. market unconvinced