Suvo Strategic Minerals Limited

ASX:SUV

Suvo Strategic Minerals Limited

ASX:SUV
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$0.039 (-2.5%)
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Muddled
Added 2 years ago
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Actual revenue! Suvo has been upgrading it's Pittong Kaolin mine and production facility. That upgrade now complete and working to optimisation. A question has been, can they get the throughput? Today announced $0.66M order from China.

  • Commercial scale trials completed on initial product resulting in first binding purchase order
  • Purchase order covers up to 800 tonnes (+/-10%) of hydrous kaolin to be supplied between March 2023 and December 2023 whilst the Company advances a multi-year contract
  • Product earmarked for the premium paint sector and will attract a ~35% price premium compared to the weighted average selling price achieved in H2 CY2022


Disc: Held in SMSF

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