— DEVELOPMENT PLAN
From evaluation wells to commercial start-up.
A staged programme running from 2027 through to first production — each phase designed to retire a specific technical or commercial risk before the next commits capital.
Calendar years are shown only where the plan specifies them. Everything after the Final Investment Decision is dated relative to that decision, because the duration is planned but the start date is not yet fixed.
— PHASE ONE · 2027
Evaluate and pilot.
The year that turns an inferred resource and two encouraging pilots into measured deliverability and a committed extraction technology.
What 2027 is really for
Two questions decide whether Peace River becomes a project: how much brine the formation will actually give up on a sustained basis, and which extraction technology will be committed to at commercial scale.
Evaluation drilling answers the first. The move from multi-vendor piloting to a single named partner answers the second. Neither can be deferred into the build.
— PHASE TWO · 2028
Demonstrate and study.
Redwater Project
Continuous operation on real produced brine, and the independent studies that make the project financeable.
Why the pilot has to scale up
Every extraction test completed so far was limited by the volume of brine available — 6,000 litres at Peace River, 40 litres at Redwater. Those results are real, but they are batch results.
A commercial plant runs continuously for years. The scaled demonstration is what closes the distance between a successful test and a design basis you can finance.
— THE GATE
Final Investment Decision.
Feasibility-level engineering, a committed technology partner, verified product samples and project financing all have to be in hand before construction capital is committed. That is the point of sequencing them first.
