Suvo Strategic Minerals Ltd (ASX:SUV) interim CEO Bojan Bogunovic speaks with Proactive soon after announcing it has received a prepayment of around US$430,000 from major Chinese kaolin customer ChaoZhou ChengCheng Industrial Co for about 900 tonnes of hydrous kaolin from the Pittong operations in Victoria. This prepayment is part of a take or pay offtake agreement, marking a significant milestone in the second year of an ongoing agreement. The deal stipulates a minimum order of 4,275 tonnes of hydrous kaolin over a three-year period.
Suvo Strategic Minerals welcomes US$430,000 kaolin prepayment
