GREEN360 TECHNOLOGIES LIMITED — Capital/Financing Update 2021

Sep 7, 2021

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8 September 2021
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ASX ANNOUNCEMENT

Pittong Operational Update

SUVO STRATEGIC MINERALS LIMITED

ABN: 97 140 316 463

• First payment from Rezel of $475,000 received prior to first shipment of 500t being dispatched

• MOU and Collaboration agreement with Rezel Catalysts Corporation for up to 10,000t per annum of refined kaolin products is progressing accordingly

• New Japanese client obtained for the Company’s high grade high value pharmaceutical grade kaolin

• Discussions ongoing with potential new major international clients

• Order book remains solid well into 2022 with strong international and domestic sales

CORPORATE DETAILS: ASX: SUV

DIRECTORS:

Robert Martin Executive Chairman

Aaron Banks Executive Director

Dr Ian Wilson Non-Executive Director

CONTACT DETAILS:

• Primero engaged as project manager to fast-track planned Pittong plant upgrades to help meet increased demand

• Planning permits approved by Golden State Shire for construction of a new press deck building at the Pittong plant

• JORC resource results imminent on Pittong and Trawalla deposits

Level 9

182 St Georges Terrace Perth, Western Australia 6000

P +61 (8) 9389 4495 E info@suvo.com.au W www.suvo.com.au

Australian kaolin producer and silica sand exploration company, Suvo Strategic Minerals Limited ('Suvo or the Company'), is pleased to provide an update on its 100% owned Pittong hydrous kaolin operation in Victoria.

suvo.com.au

8 September 2021

ASX ANNOUNCEMENT

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Speaking on behalf of the Company, Suvo's General Manager of Global Sales, Marketing and Business Development Eileen Hao said “Our order book remains solid with a noticeable increase in both international and domestic customers requiring our refined Pittong products. Our operation continues to grow from strength to strength showing the capability, dedication and expertise from the only operating hydrous kaolin mine in Australia. We look forward to working with Primero and the opportunities the plant upgrade will bring for our Company and its shareholders”

The Company has received pre-payment from Rezel Catalysts Corporation of AUD $475,000 before the dispatch of the first batch of products under the recently signed MOU. Suvo and Rezel continue to work towards a 5 – 10 year supply contract for up to 10,000 tonnes per annum of Pittong refined kaolin product.

Suvo has also recently obtained a new international client for their high grade high value pharmaceutical grade kaolin and goods will be dispatched in the December quarter.

Primero engaged as project managers to help fast track the potential upgrades at the Pittong site with planning permits approved for new press deck facilities by the Golden State Shire.

JORC resource results are imminent for both Trawalla and Pittong.

The release of this announcement has been approved by the Board of Directors

Contacts:

Robert Martin Aaron Banks Executive Chairman Executive Director E: robert.martin@suvo.com.au E: aaron.banks@suvo.com.au

suvo.com.au

8 September 2021

ASX ANNOUNCEMENT

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Company Profile

Suvo Strategic Minerals Limited is an Australian hydrous kaolin producer and exploration company listed on the Australian Securities Exchange (ASX:SUV). Suvo is focused on production at, and redevelopment of, their 100% owned Pittong hydrous kaolin operation located 40km west of Ballarat in Victoria. Suvo’s exploration focus is on their 100% owned White Cloud Kaolin Project located adjacent to Gabbin in the Central Wheat Belt, and the 100% owned Nova Silica Sands Project located in the Gin Gin Scarp near Eneabba, both situated in Western Australia.

Pittong Operations

The 100% owned Pittong Operations, located in Victoria 40km west of Ballarat, is the sole wet kaolin mine and processing plant in Australia and has been in operation since 1972. Pittong comprises the Pittong, Trawalla and Lal Lal deposits located on approved Mining Licences MIN5408, MIN5365 and MIN5409 respectively.

At Pittong mining contractors deliver crude kaolin ore to stockpiles from the two currently operating mines, Pittong and Lal Lal. The plant takes its feedstock from the ROM and it is processed into four separate products for end users. These products are 10% moisture lump, high solids slurry, 1% moisture powder and 1% moisture pulverised powder. The solids slurry is used in paper and board manufacturing. The other products are used in paper, coatings, paint and specialist industries including rubber and pharmaceutical applications. Around 20-25kt per annum is supplied to various end users.

Current Reserves and Resources at Pittong are reported to PERC code and are in the process of being upgraded to JORC 2012 compliance.

The White Cloud Kaolin Project

The 100% owned White Cloud Project is located 215km northeast of Perth, Western Australia. The project area comprises four granted exploration licences (E70/5039, E70/5332, E70/5333, E70/5517) for 413km[2] , centred around the town and rail siding of Gabbin.

The generally flat area is primarily cleared farming land devoid of native bushland and is currently used for broad-acre cereal cropping. A mining access agreement is in place over the current resource area with the landowner and occupier.

The White Cloud Kaolin Project Scoping Study was released on 27 May 2021 and titled “Suvo delivers a robust Scoping Study demonstrating the potential to develop a multi decade mine at their 100% owned White Cloud Kaolin Project”. The Company confirms that the material assumptions underpinning the production target and forecast financial information in the initial public announcement continue to apply. The production target is based solely on indicated resources and a breakdown of the Company's resource is set out at the end of this announcement.

The main rock types at White Cloud are primarily Archaean granite, gneiss, and migmatite. These rocks are overlain and obscured by Tertiary sand and Quaternary sheetwash. The weathering profile is very deep and contains thick kaolin horizons capped by mottled clays or laterite zones. The current JORC 2012 Mineral Resources are 72.5Mt of bright white kaolinised granite with an ISO Brightness of 80.5%, <45m yield of 41.2% results in 29.9Mt of contained kaolin.

Nova Silica Sands Project

The 100% owned Nova Silica Sands Project is located 300km north of Perth, Western Australia. The project comprises four granted exploration licences (E70/5001, E70/5322, E70/5323, E70/5324) for 169km[2] .

The project is located on the Eneabba Plain whose sandy cover is very flat to gently undulating. Outcrop is rare due to the accumulations of windblown and alluvial sand at surface. Below this is a thin hard silcrete or lateritic claypan which overlies deep white and yellow sands.

Preliminary exploration has included 54 drillholes for 1,620 metres to depths of up to 30m. This program is anticipated to deliver an initial resource for the project and a process route.

Forward looking statements

Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.

suvo.com.au

8 September 2021

ASX ANNOUNCEMENT

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Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.

Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control.

Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

suvo.com.au