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GREEN360 TECHNOLOGIES LIMITED — Capital/Financing Update 2020
Sep 9, 2020
65020_rns_2020-09-09_8bf92642-2d51-48d8-95bc-5db230677c9a.pdf
Capital/Financing Update
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ASX Announcement | 10 September 2020
Suvo Expands White Knight Kaolin Project area by 37,863 hectares
- Ø Suvo extends its White Knight Kaolin tenements with the granting of Exploration Licenses E70/5332 and E70/5333 totalling 37,863 hectares
Suvo Strategic Minerals Limited
- Ø Ground adjoins the flagship White Knight Kaolin Project which recently delivered a maiden JORC Inferred Resource of 31.5mt of bright white kaolinised granite[1]
ABN: 97 140 316 463
Corporate Details:
ASX Code: SUV
Directors:
Robert Martin Executive Chairman
Aaron Banks Executive Director
Len Troncone Non-Executive Director
Dr Ian Wilson Non-Executive Director
Contact Details:
Level 10, 182 St Georges Terrace Perth WA 6000
T: +61 8 9389 4495 E: [email protected] W: suvo.com.au
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Ø The strategic and significant expansion of tenement area delivers Suvo more than 40,000 hectares of tenure under exploration license that is prospective for bright white kaolin, predominantly on cleared farming land
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Ø The new tenements help secure the region’s significant, well-established and under-utilised infrastructure
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Ø Laboratory test results from our maiden JORC Inferred Resource samples are imminent and will outline grades and potential end user market opportunities
West Australian kaolin and silica sand exploration company, Suvo Strategic Minerals Limited (‘Suvo’ or ‘the Company’), is pleased to announce a large extension of exploration tenure to its flagship White Knight Kaolin Project located 210km northeast of Perth.
The Company was notified today by the Department of Mines, Industry Regulation and Safety (DMIRS) of the granting of exploration licences E70/5332 and E70/5333. This increases the area under exploration licence to more than 40,000 hectares. The expanded area was applied for after analysing evidence from a report sourced from DMIRS dating back to 1986 that suggests the Company’s White Knight Kaolin Project’s resource continues north. This was supported by desktop studies and site visits to survey and secure these prospective and highly strategic areas.
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Commenting on the granting of the exploration licences, Executive Director Aaron Banks said; “ to date, the Company has drilled its maiden JORC resource of 31.5Mt of bright white kaolinised granite[1] over only 130 hectares which is less than half a percent of our granted tenure. The expansion of the prospective area will provide additional exploration targets with the opportunity to further increase our resource and help accelerate a pathway to mining. The new tenements are likewise located close to excellent logistic solutions with direct access to multiple ports via well-established and under-utilised road and rail networks”
Map of the expanded exploration licence area:
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Approved for release by the Board of Directors
1 Further detail with respect to the maiden JORC Inferred Resource and the exploration results underpinning it is set out in the Company’s prospectus dated 25 June 2020 (released to the Company’s market announcement platform as pre-quotation disclosure on 5 August 2020). Suvo confirms it is not aware of any new information or data that materially affects the exploration results set out in the Company’s prospectus dated 25 June 2020 and all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.
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Rob Martin Aaron Banks Executive Chairman Executive Director E: [email protected] E: [email protected]
Company Profile:
Suvo Strategic Minerals Limited is a dual commodity Australian exploration and mining company listed on the Australian Stock Exchange (ASX:SUV) focused on the development of their 100% owned White Knight Kaolin Project located in the Yilgarn Craton in the central wheat belt and their 100% owned Nova Silica Sand Project located in the Gin Gin Scarp near the township of Eneabba, both situated in Western Australia.