Great Northern Highway

King Leopold Ranges WA 6728

This is a unique opportunity to acquire a vertically integrated beef enterprise in the heart of the Western Australian beef industry comprising of:

• Yeeda Station

• Mt Jowlaenga Station

(collectively 'the Yeeda Aggregation')

• Kimberly Meat Company Abattoir ('KMC')

• Kimberley Properties ('KPP') eight residential properties in Broome and Derby

• Associated Plant and Equipment

• Conditionally Registered HIR Carbon Project

The Yeeda Aggregation is a highly productive beef enterprise in its own right. It was the first station taken up in the Kimberley and is uniquely placed at the mouth of the Fitzroy River and Yeeda Creek, with extensive flood out country producing high quality grazing suitable for breeding, growing and fattening cattle. With a current potential carrying capacity of 22,990* cattle units, there is scope to increase the potential carrying capacity with additional capital works (subject to approval).

KMC is the only northern Australia export accredited abattoir and is licenced to process up to 77,000 animals per annum. KMC is situated adjoining Yeeda Station on the Great Northern Highway approximately 100km South West of Derby, Western Australia.KMC could be the future of beef processing for the North Australian Cattle industry as it provides an alternative market to the live export industry and an avenue to market for non-live export type cattle. KMC's location provides it with a strategic competitive advantage in the North Australian Cattle industry. Alternative processing plants are 2,000km* south, incurring significant transport costs and increased risk of animal welfare concerns.