• Delorean reached internal FID on the 100%-owned SA1 Bioenergy Project
• Construction works continued on the $53m Yarra Valley Water food waste to energy project
• Delorean progressed the co-development of the NSW1 project with Brickworks Building Products

Delorean Corporation Limited (ASX:DEL) reported on its activities for the December 2024 quarter (Q2 FY2025). Key highlights include: Delorean reached internal Financial Investment Decision (FID) on the 100%-owned SA1 Bioenergy Project, mobilised the site and procurement of long lead items, with the aim of reaching waste acceptance by Q2 FY2026 and First Gas by Q3 FY2026. Construction works continued on the $53m Yarra Valley Water food waste to energy project, with major civil works, tank construction, and the reception building underway. Delorean also continued to progress the co-development of the NSW1 project with Brickworks Building Products, completing the public exhibition phase for development approval. The company drew down $12.85m from the Tanarra funding facility during the quarter to support the SA1 Project. Delorean's Engineering Division was primarily focused on the Yarra Valley Water project, the Brickworks (NSW1) project, and the SA1 project. The Infrastructure Division completed submissions for the Brickworks project, progressed contracted revenues for SA1, and continued development activities on the VIC1 and QLD1 projects. Delorean's Energy Retail Division is preparing for a strategic scale-up as the company's infrastructure assets come online.

Delorean aims to reach waste acceptance for the SA1 Bioenergy Project by Q2 FY2026 and First Gas by Q3 FY2026.

In Q3 FY2025, Delorean's focus will be on the successful delivery and construction of the SA1 Project, further securing contracted revenues for SA1, submission of the NSW1 project for development approval, continued delivery of the Yarra Valley Water project, securing funding for the VIC1 project, and progressing the development of the QLD1 and WA2 projects.