Introduction

Ephraim Resources Limited is listed on the Official List of ASX (ASX Code: EPA) which sole asset is 99% of PT First Flower (PTFF).

There are currently 1,540,000,642 shares of the Company listed on the ASX.

PTFF's business is in agricultural biogenetics research and experimentation, licensing and consultancy; with a focus on Nipah Palm breeding, tissue culture, cultivation and plantation, and producing sugar and or ethanol from the sap of the Nipah Palm.

Through extensive research, Ephraim has developed a cost efficient methodology to develop improved nipah palm fit for cropping on an industrial scale at competitive costs, to re-establish and optimise the use of degraded land for nipah palm plantations in Indonesia, and to produce sugar suitable to meet the increasing international demand for sugar commodities and potentially sustainable and renewable non-food fuel.

The by products available from the sap of the Nipah Palm Sugar are syrup, palm sugar and its fruit. Nipah syrup and palm sugar are used locally in Indonesia to make kecap manis (Indonesian sweet soy like flavouring sauce), ice cream and other products while the Nipah fruit is used as a desert.

PTFF has completed plantation trials, and has to date secured rights over 11,800 hectares of land suitable for nipah palm cultivation.