The development
AAM Investment Group (AAM) are proposing to develop irrigated agriculture on part of the Spirit Hills perpetual pastoral lease (NT Portions 1584 and 3221) and facilitate the expansion of the Ord River Irrigation Area across the border from Western Australia into the Northern Territory.
The development of Sweetwater will enable new arable farming land for irrigated agriculture, creating agricultural scale in the region.
AAM, is an Australian-owned and operated provider of strategic investment, asset management and operational management services focusing on Australia’s agricultural industries. AAM has extensive experience in primary production and agribusiness, and strong industry relationships in the Northern Territory as well as in Queensland, New South Wales and South Australia.
Why it matters!
- Available land area for scalable seasonal crop rotations.
- Strong alignment with NT Government’s agricultural growth plans.
- Opportunity to establish enabling infrastructure with ability for regional scale and growth.
- Government backed land assessments already completed.
- The Australian Government, through the National Water Grid Fund, has funded the development of a detailed business case to determine the optimal enabling water infrastructure solution to deliver water across the WA-NT border.
- The Western Australian and Northern Territory governments are currently finalising an Intergovernmental Agreement (IGA), demonstrating strong inter-jurisdictional cooperation.
The opportunity
The Ord River Irrigation Area is already known for its production strength; however the region is now entering a new phase of opportunity, driven by increased scale of production, developing a detailed business case to resolve the water infrastructure gaps, and workforce demand.
The development of Sweetwater will expand the Ord River Irrigation Area footprint and create agricultural scale in the region.
AAM already has a material presence in the Territory, owning and operating Legune Station and the licensed area of Spirit Hills pastoral lease, (i.e. NT Portions 5774 and 5774), as well as other agricultural interests.
AAM also operates a diverse range of agricultural enterprises across the supply chain from cattle, sheep, mixed farming, poultry and timber in NSW, Qld and SA.
Subject to Traditional Owner engagement and obtaining the relevant approvals, the development of Sweetwater for irrigated agricultural development, will enhance AAM’s strategic growth in the Territory, creating jobs, fostering economic resilience for the Northern Territory and delivering lasting benefits for communities throughout the region.
- Investment type: enabling infrastructure and agriculture
- Status: under development
- Region: Keep Plains, Northern Territory
Download the Northern Agricultural Development Project (Sweetwater) investment opportunity flyer PDF (188.1 KB).
Disclaimer
This investment opportunity is brought to market by an external proponent. The Northern Territory of Australia exercised due care and skill to ensure that at the time of publication the information contained in this publication is true and correct. However, it is not intended to be relied on as professional advice or used for commercial purposes. Australia's Northern Territory gives no warranty or assurances as to the accuracy of the information contained in the publication and to the maximum extent permitted by law accepts no direct or indirect liability for reliance on its content.