Abstract
Ignite Energy Resources Limited ("IER") is an Australian unlisted public natural resource and energy technology company. In 2012, IER establish Ignite Resources Pty Ltd ("IR"), a wholly-owned subsidiary oflER. IR is the most attractive investment proposition in Victoria's largest coal region, the Gippsland Basin. IR holds the right to explore for the surface recoverable brown coal, lignite, within EL 4416, and brings a global license to utilize IER's patented catalytic hydrothermal reactor ("Cat-HTR") technology to upgrade the energy density of lignite to synthetic crude oil and produce an upgraded coal with similar characteristics to PCI type coal. IR plans imlement Cat-HTR demonstration project in Victoria, Australia by utlizing Government grant "Advanced Lignite Demonstrtion Program".
