Alterra Limited announced an update on progress at the Company's flagship Carpenters avocado project in Western's Australia premium avocado region between Manjimup and Pemberton. Field preparations for Stage 2 have progressed to the extent possible. However, the unseasonably heavy rain in WA's South West has meant that a substantial portion of the site preparation has been affected and the wet ground makes it impossible to mobilise heavy equipment for final soil preparation and additional sub-surface drainage. The Board and the Alterra technical team have worked alongside Pendulum to develop a strategy to optimise development plans with a strict focus on costs whilst managing site conditions to ensure the long-term performance and sustainability of the project.