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Noviqtech Limited (ASX:NVQ)

ALERT: Price-sensitive ASX Announcement for NVQ
Current share price for NVQ : $0.039 -0.013 (-25%)+
Announcement
Release
28 May 2026 8:19AM
Price at Release
$0.052
Full Release
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Summary
NoviqTech Limited announced that its subsidiary, Coralia, has commenced a harvesting and pyrolysis trial at their flagship Great Barrier Reef Biochar Project in North Queensland. The trial focuses on converting invasive Chinese Apple trees into biochar to assess operational feasibility, feedstock quality, and environmental performance. This initiative supports carbon removal strategies and research programs, including collaborations with Swinburne University. The trial aligns with the methodology of Puro.earth to establish carbon accounting frameworks. Key objectives include ensuring the scalability of invasive species as feedstock for carbon removal and supporting institutional engagements for future developments.
Key Points
  • Coralia commenced harvesting and pyrolysis trial.
  • Trial involves conversion of Chinese Apple trees into biochar.
  • Focus on operational feasibility and environmental performance.
  • Biochar supports research with Swinburne University.
  • Trial data to align with Puro.earth methodology.
  • Trial to support institutional engagement and strategic development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.