To achieve genetic improvement dean jerry and his team searched far and wide for the fastest growing yabby populations."So what we did is we went out and selected five populations of yabbies from as diverse environments as we can from western Queensland to the Snowy region to western Victoria to try and find populations that just might naturally have had genes for good growth that just naturally these animals might have grown faster without us doing anything," Dean Jerry said.
has signed a letter agreement (LOI) with 1045564 B. The transaction is expected to be effected by way of a share purchase agreement or similar transaction whereby the shareholders of 1045564 will transfer all of the issued and outstanding shares of 1045564 to Royce in consideration for the issuance of five million common shares of Royce to the shareholders, resulting in 1045564 becoming a wholly owned subsidiary of Royce.
1045564 is a privately held company led by Brian Paes-Braga that holds an option to acquire the NSP lithium claim group from Clayton Valley Lithium Inc.
He now has about one hundred ponds on just under ten hectares where he grows yabbies.
But it hasn't been easy, even though he is confident there is a market for these crustaceans, producing large enough quantities of a decent size has proved very difficult.
At the moment he estimates that most farmed yabbies are only one to five generations removed from their wild relations.
This means that farmers are reliant on favourable conditions to produce the number of yabbies required to make their operations viable."As soon as you stop providing the animal with good quality food or good quality water its production will decrease but with genetics the gains that you make they'll always be added on and they'll always be with you so even if the cultural environment deteriorates you should still get high production," he said."One of the advantages of genetic selection in aquaculture species is that you not only breed an animal that's going to be faster in growth but the animals should be more of a uniform size which makes the marketing and harvesting of these animals a whole lot easier," he said.
Like the other farmers in the area they hope one day to move into larger yabbies but for the moment most of their sales are into the bait market.
Their original stock came from the wild but they've been working to improve that."They breed like rabbits and we've had an indoor breeding program going as well just to get us up to speed on how many they have, how long it takes and what conditions they like but the breeding's not the problem its making sure that they can get through the small stage and up to bait and beyond," Danielle Cox said.
Despite a significant capital outlay it may be years before they are able to get into such markets."The biggest problem with yabbies is to try and grow the numbers and we all know that you need a certain volume to create a certain market, yabbies are one of those items that need to be intensively grown to achieve the tonnage to create the market and that seems to be our biggest problem at the present time to get the numbers to create those markets," Laurie Tomlin said.