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2017 MIS Product Disclosure Documents

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    From the Expert Forrester’s Report on page 67 of the 2017 MIS PDS https://quintis.com.au/media/1665/quintis_rio_pds_digital_flat.pdf

    ESTIMATING THE YIELD OF PRODUCTS FROM SANDALWOOD TREES AND PLANTATIONS Quintis Forestry has conducted 5 trial harvests, involving trees from 9 different blocks in the Ord River Irrigation Area, over the past few years for the purposes of constructing a model to estimate the yield of heartwood from sandalwood trees and the yield of sandalwood oil from heartwood. A model for heartwood yield from sandalwood trees between ages 11 and 20 years has been developed. This model has been applied to the expected tree sizes predicted by the consultant and the modeling indicates that the mean total mass of individual trees aged between 14 and 16 will be in the order of 155 to 165kg including branches and roots. From this, the weight of oilbearing heartwood is expected to be 20 to 24kg per tree. The average oil content of the heartwood will be of the order of between 3% and 4% by weight. Harvest results in 2014 to 2016 were in line with the predictions generated using the Quintis heartwood model. The heartwood oil is the most valuable product of the tree. The remainder, consisting of sapwood and transition wood does not contain extractable oil, although this material has a market seemingly to be increasing as the availability of natural sandalwood products declines. The yield on a plantation scale will vary from site to site. However, it is expected from the results of the Company’s more recent plantings it has been shown that at least 80% of sandalwood trees will survive to become harvestable sizes at the end of the fifteen-year rotation.
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