'Five-star resort' for Great Barrier Reef coral open for business in Cairns

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An insurance policy for the world's coral will protect hundreds of species from extinction in a special laboratory established to back up the crown jewels of the sea.

It’s a world-first facility for coral, similar to the "doomsday vault" in Norway for seedsThe Forever Reef Project living coral biobank opened this week and currently houses fewer than 200 coral species from an estimated 800 on Earth."This is one of the most practical things I've ever done.

And it's one of the things dearest to my heart," he said.The facility is "dear to the heart" of conservationist Charlie Veron."So we're losing permanently corals every year.The state-of-the-artIt currently has about 45 per cent of that in its holding facility, and is seeking $500,000 from donors to gather the rest.

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