Thursday 2nd March 2017
Augusta abalone firm aims to float for $10m
Ocean Grown Abalone director Brad Adams is planning a $10 million float of the fisheries company in August to take the business interstate.
Mr Adams said Augusta-based OGA, which uses artificial reefs to grow wild abalone, would use the funds to expand its operations to Esperance and Port Lincoln in South Australia.
The company hopes to be producing around 500 tonnes, worth about $50,000 a tonne at today’s values, within a decade.
10 October 2015
Ocean Grown Abalone's Brad Adams is revolutionising abalone
Second-generation abalone diver Brad Adams is the very image of a man who spends his life on and under the water. Tall and weather-beaten, he could pass for just another diver or fisherman on Augusta’s boat harbour.
Check out these mouth-watering abalone recipes.