Investment Territory

The Northern Territory’s new home for First Nations art has been formally named as the Aboriginal and Torres Strait Islander Art Gallery of Australia (ATSIAGA).    The ATSIAGA unveiling coincided with the awarding of the first construction phase contract to Sitzler.    Sitzler Pty Ltd will now work with design consultants BVN Architecture and Susan Dugdale & Associates to complete the design development stage.    The second construction phase contract is anticipated to be awarded later this year.    It is anticipated ATSIAGA will open in 2027 with construction to be completed by late 2026, followed by a period of approximately six months to build and install exhibitions.    ATSIAGA will be a world-standard institution dedicated to showcasing, celebrating and interpreting Aboriginal and Torres Strait Islander creative expression from across Australia. #ASTIAGA #AliceSprings #NorthernTerritory | Kelly Ralston Franchesca Cubillo Sera Bray

Tamboran Resources Corporation has received approval for its Environment Management Plan (EMP) to construct exploration sites, and drill and undertake flow testing of to 15 natural gas wells in the Beetaloo Sub-basin. The EMP meets stringent assessment criteria and aligns with the Northern Territory’s net zero by 2050 target. The Beetaloo Sub-basin, 500 km southeast of Darwin, covers 28,000 square kilometres and is estimated to contain 500 trillion cubic feet of gas (P50 gas-in-place resource as estimated by industry). That estimate is just for the Velkerri B layer and does not include other known gas-bearing geological layers. The highly prospective multi-stacked shale gas resources of the Beetaloo Sub-basin are being compared to the productive Marcellus Basin in the northeast United States, and it continues to build a reputation as the next Tier One gas asset worldwide. #Beetaloo #NorthernTerritory

Defence Australia has switched on its largest solar farm, right here in Australia's Northern Territory. The 10-megawatt solar farm made up of over 27,000 solar panels will supply up to 40 per cent of the energy needs of Robertson Barracks in Darwin. This is the delivery of Defence’s second solar project in the Northern Territory following the launch of a 3.2-megawatt solar farm at RAAF Base Darwin in January this year. The Northern Territory has significant tracts of land with world class solar irradiance, highly suited to large-scale (and mega-scale) solar and renewables projects. The Territory is working with investors to realise ambitious projects, from a 3.2-megawatt solar farm for a defence base; to an onshore and subsea transmission project supplying 15% percent of Singapore's total energy needs. 

Following a competitive Expression of Interest (EOI) process by the Northern Territory Government, today CEL Australia was announced as the successful proponent to undertake the development, ownership, and operation of Darwin Convention Centre Hotel. Key highlights of the Darwin Convention Centre Hotel include: 🛌 236 rooms offering upscale accommodation for corporate and leisure visitors. 🛎 Operated under CEL’s award winning Momentus Hotels & Resorts brand, marking the brand's debut in Australia. 🌴 The hotel is a key part of the Darwin Waterfront Masterplan to redevelop the Waterfront in one of Australia’s leading integrated lifestyle and tourism destinations. CEL will commence detailed design work in the coming months, with an anticipated opening by the end of 2026. 🔗 Read the full media release here: https://lnkd.in/g9zuwYnS Momentus Hospitality | Darwin Waterfront Corporation | Jason Schoolmeester Jason Finlay Mitchell Rider Sam Burke Dr. Richard Fejo

Today, the Northern Territory Government announced Castile Resources’ Rover 1 Project has been awarded Major Projects Status (MPS). Castile Resources is developing the high-grade Rover 1 deposit located 80kms south-west of Tennant Creek, in the Barkly Region. The Rover 1 Project will produce downstream critical and precious minerals gold doré, 99% copper, 99% cobalt and a high grade 96.5% magnetite. Major Project Status is a formal recognition of a project’s significance through its contribution to the economy and employment. Rover 1 presents an exciting opportunity for economic growth in the Barkly Region. The Northern Territory is an emerging leader in critical minerals supply for Australia and its global partners, that will help to support the transition to a decarbonised economy. Pictured: Mark Hepburn, Managing Director of Castile Resources Ltd Hon Mark Monaghan, Minister for Mining, NT Government #nteconomy #criticalminerals #investment #investnt Jason Schoolmeester Claire George Kelly Ralston Nicole Festing

The Northern Territory Government, through the Local Jobs Fund, and PASPALIS Corporation have partnered to launch a brand-new investment fund for domestic and international businesses looking to establish a presence in Australia's Northern Territory. With a key focus on enhancing industries such as advanced manufacturing, logistics and defence, technology, mining and exploration, space and primary industries; the Paspalis Co-Investment Fund, will offer up to $5 million to eligible high growth companies with the aim to boost jobs, diversify the Northern Territory's economy, and strengthen local skillsets. 🔗 To find out more about the Paspalis Co-Investment Fund, see the full media release here: https://lnkd.in/eT_sN9QY Image supplied by Paspalis Corporation. Territory Investment Commissioner @Kelly Ralston with Paspalis CEO Harley Paroulakis. Stuart Palmer Will Hurst | #NorthernTerritory #NTAustralia #LocalJobsFund

The Australian Government has announced a commitment of up to $840 million to support the development of Australia’s first combined rare earths mine and processing plant in the Northern Territory.     Arafura Rare Earths Limited Nolans Project is located 135 km north of Alice Springs and has the capability to meet 5% of global demand of Neodymium and Praseodymium (NdPr). Rare earths are used to make powerful magnets, and are an essential component in renewable energy and defence technologies.    The Australian Government’s support made through the expansion of the Critical Minerals Facility (Export Finance Australia) and the Northern Australia Infrastructure Facility (NAIF), aims to unlock further investment from international financiers and commercial banks, highlighting the value placed on this strategically important project.    This ground-breaking investment aims to position Australia as a global leader in ethical and sustainable manufacturing of these minerals. To find out more from Arafura Rare Earths and the Nolans Project in the Northern Territory: https://lnkd.in/gRtMA75J #criticalminerals #northernterritory #NTAustralia

Generators and Off Grid Energy Pty Ltd (GenOffGrid) has been announced as the latest proponent to receive contractual closure with the Northern Territory Local Jobs Fund (LJF). GenOffGrid's innovative solar power station concept, made possible by LJF's $3 million Business Concessional Loan, will look to reduce diesel consumption in remote areas by 94% and also create 20 jobs in the next two years. As part of the deal, GenOffGrid has relocated its headquarters to Darwin; a strategic location with enhanced import/export facilities to allow growth in domestic (including regional) and international markets. Local Jobs Fund supports major business and project expansion for businesses based in Australia's Northern Territory. To find out more about the Local Jobs Fund's deal with GenOffGrid see full media release here: 🔗 https://lnkd.in/eNy2JBKJ #northernterritory #solarenergy

Tamboran Resources Corporation have released flow rates from their pilot project at Shenandoah South 1H (SS-1H) signally a pivotal milestone for the Beetaloo Sub-basin. SS-1H has recorded the highest normalised rates of gas flow achieved in the Beetaloo Sub-basin to date. These results exhibit the commercial viability of the project, with Tamboran now moving onto the construction phase and have outlined the potential for natural gas to be delivered to the Northern Territory in 2026. The Beetaloo Sub-basin is 500km southeast of Darwin in the Barkly region. The Beetaloo Sub-basin covers 28,000 square kilometres and is a multi-layered shale play with an estimated 500 trillion cubic feet (TCF) of gas (P50 gas-in-place resource as estimated by industry). The highly prospective resources of the Beetaloo Sub-basin are being compared to the productive Marcellus Basin in the northeast of the United States, and there are other layers and basins yet to be explored. Image supplied by Tamboran Resources. Joel Riddle | #northernterritory #naturalgasindustry