EESTech signed a binding Heads of Agreement with Cyndara 273 (Pty) Ltd. The agreement has EESTech provisioning environmentally sustainable mine site remediation services which incorporates EESTech's proprietary HCGT "waste to energy" platform to provide the energy required to power the Blue Drop Water System for mine site water purification and the WRAM system for the upgrading of waste anthracite into a commercially saleable export product. The Cyndara project will further demonstrate EESTech's capability to produce a variety of carbon-based products from waste anthracite. Each product can be tailored to meet different market requirements with industry pricing for such products ranging from $68.00 to $180.00 per tonne.

An 85% yield (3.8 million tonnes) of upgraded product is expected from the three current dump sites representing potential revenues in excess $300 million. EESTech will share equally with Cyndara the revenue benefits from the sale of upgraded anthracite products.