NeuRizer Ltd. announced that it has executed an Infrastructure utilisation License Agreement ("License") with the South Australian Government for the exclusive use of existing infrastructure at the site of the NeuRizer Urea Project (NRUP), at Leigh Creek in northern South Australia. This agreement allows for significant efficiencies and cost savings by leveraging existing infrastructure on site. NeuRizer will commence upgrades to the existing infrastructure immediately with maintenance/upgrade occurring contemporaneously to other Stage 1 work.

The infrastructure assets have an estimated replacement cost of between 50 and 70 million dollars representing a significant cost saving to the NRUP construction cost. This opportunity will become part of the Front-End Design and Engineering (FEED) process currently underway with NRZ's international partners, and the significant cost saving reflected in the Bankable Feasibility Study following FEED completion and as well the company's groundwater baseline will start immediately and this will significantly decrease the upstream capex.