Company
ASX:SUV
Suvo Strategic Minerals Limited is an Australian hydrous kaolin producer listed on the Australian Securities Exchange (ASX:SUV). Suvo is focused on expanding sales of hydrous kaolin produced at its 100% owned Pittong operation located 40km west of Ballarat in Victoria. Suvo is also progressing commercialisation of the ‘Murdoch Technology’, namely Intellectual Property for a geopolymer concrete batching plant a low carbon geopolymer concrete formulation known as ‘Colliecrete’, which it licenses under a worldwide and exclusive Intellectual Property License Agreement.
78 stories · page 4 of 4
“This is a significant milestone supporting Suvo’s growth plans for Pittong, focused around increasing production capacity and diversifying our product basket,” non-executive chairman Henk Ludik said.
“This cooperation agreement with C&D marks a significant milestone in supporting Suvo’s strategic growth plan,” says chairman Henk Ludik.
The successful bulk sample production of High Reactivity Metakaolin from our Gabbin deposit is an excellent result, which allows us to commence meaningful discussions with potential partners aligned with greening the cement and concrete sec
“With global demand increasing and the global green cement market anticipated to grow to US$56 billion by 2027, we see this engagement as a crucial step towards diversifying Suvo’s product basket and meeting demand for low-carbon raw materi
The company received firm commitments to raise up to $7.5 million in the initial placement, with the SPP expected to raise a further $2 million on the same terms as the placement.
“We are excited to build on the already strong relationships with the community here and ensure that funds raised from the recently completed capital raise are put to good use, having a direct correlation to the bottom line” - Henk Ludik.
“The company has been patiently laying the foundations for long-term growth and we are delighted to welcome new expertise with operational experience as the business expands its Pittong plant," says non-executive director Dr Ian Wilson.
“Suvo metakaolin will potentially be flash calcined to minimise carbon footprint and simultaneously provide optimum properties for use as a pozzolan, allowing for high cement replacement to significantly reduce CO2 emissions and improve con
Funding will enable Suvo to accelerate the expansion of the Pittong hydrous kaolin plant. The $5 million upgrade is forecast to increase annual processing capacity to around 60,000 tonnes by 2023.
“The resource allows us to fast track our future development strategies as these results provide certainty around our life of mine. We are also reviewing our Trawalla deposit which holds a further 12.7 million tonnes of kaolinised granite a
This marks the third consecutive quarter where the company has generated positive operating cashflows and demonstrated growth in production of its refined kaolin products.
“To secure such a large tenement of land that is prospective for high-quality silica sand for such a minimal upfront outlay is a significant outcome for our shareholders and strengthens our already impressive silica sand assets," says chair
The hydrous kaolin producer and explorer has established an ESG committee and appointed specialist ESG+F Pty Ltd to oversee the execution of its ESG strategy.
“We welcome the contract extension with Norske Skog at Boyer which shows not only Suvo’s ability to supply large quantities of quality product but also our ability to compete in what is affectively a global marketplace," says executive chai
“Fifteen years ago, you probably weren’t exporting kaolin, and you definitely weren’t exporting silica sand in any bulk form, but as those assets deplete globally and the prices come up, Australia and in particular Suvo is in the box seat t
“We are currently working with our international partners and experts to identify new market segments for Trawalla including opportunities in a number of high-value industries including concrete, ceramics and battery and nanotechnology," sa
The Nova Silica Sand Project is a 100% owned potential large-scale silica sand resource in the Gin Gin scarp near the township of Eneabba in WA.
The Nova Silica Sand Project is a 100%-owned potential large-scale silica sand resource located in the Gin Gin scarp near the township of Eneabba.
