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GREEN360 TECHNOLOGIES LIMITED Capital/Financing Update 2021

Mar 9, 2021

65020_rns_2021-03-09_d1ba8429-b261-4ffe-9a91-49202851b624.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

10 March 2021

Nova Silica Sand project sighter test work produced high grade silica sand to 99.31% SiO2 suitable for glass manufacture and foundry applications

  • Sighter metallurgical tests produced high quality silica sand to 99.31% SiO2

  • six metallurgical sighter samples from white zones

  • Analysis of sand product shows suitability for use in glass manufacturing and foundry applications

SUVO STRATEGIC MINERALS LIMITED ABN: 97 140 316 463

CORPORATE DETAILS:

ASX: SUV

DIRECTORS: Robert Martin Executive Chairman Len Troncone Executive Director, COO/CFO Aaron Banks Executive Director Dr Ian Wilson Non-Executive Director

  • XRD mineralogy of the sand was exclusively silica and the sand sizing at AFS 47- 61 is suitable for foundry applications including the casting of electric vehicle motor parts

  • Further testing to determine if silica flour is present in the finer (>45 µ m to the <75 µ m) fraction can be captured

CONTACT DETAILS: Level 9, 182 St Georges Terrace Perth, Western Australia 6000

P +61 (8) 9389 4495 E [email protected] W www.suvo.com.au

  • Silica flour is a high value product with applications as a filler or wellhead cement additive

  • Analysis of remaining samples has commenced and will be used in the determination of a JORC compliant resource

  • Market pricing for:

  • Glassmaking silica sand - US$35-$53 per dmt

  • o Foundry silica sand - US$38-$53 per dmt

  • The silica flour market for fillers and wellhead cement additives is highly specialised and pricing can reach US$140$150 per dmt.

suvo.com.au

10 March 2021

ASX ANNOUNCEMENT

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Australian kaolin producer and silica sand exploration company, SuvoStrategic Minerals Limited (‘Suvo or the Company’), is pleased to announce that sighter laboratory results from its recently completed drilling program at their 100% owned Nova Silica Sands project have shown that its sand is suitable for use in glass manufacturing, foundry applications and conceivably as a filler or for wellhead cement additives.

The results show high yield at AFS 60 particle size which is highly desirable for the electric vehicle industry for the casting of detailed components. Equally significant is the presence of finer grained silica sand suitable for the high value silica flour market. Work is ongoing to define potential additional saleable products from continuing test work, and to complete a maiden JORC compliant resource.

Suvo Executive Chairman Robert Martin commented “Nova continues to surprise with the extensive historic exploration and current drilling data suggesting we have the opportunity for a very large multiple product asset including highly sought after AFS 60 particle sized silica used in the casting of electric vehicle components. Suvo has refined the test work that is currently underway to include more detailed testing to help us understand the geology in greater detail, we are excited by Nova’s potential and look forward to updating the market once the full suite of tests are completed.

Tenure, Location, History

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 and E70/5324) for 169km[2] .

Access to the project is by the Brand Highway approximately 15km south of Eneabba. Numerous well established tracks that service the Dampier to Bunbury Natural Gas pipeline cross the tenure.

Nova 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. The Eneabba Plain consists of a series of shoreline, lagoon and dune deposits of early Pleistocene to possibly late Tertiary age, which locally have high concentrations of heavy minerals.

Preliminary exploration by Suvo consisted of mapping the extent of various sand lithologies, specifically silica sand and yellow construction sand. A total of 33 samples were taken by hand auger across different sand types. Results from previous exploration programs were included in the Replacement Prospectus released to the ASX on 25 June 2020, inclusive of JORC Table 1.

Silica sand was located at surface. Further work was required to test the depth extent and an air core drilling program was defined.

Air core Drilling Program 2020

An air core drilling program was completed in late 2020 for the purpose of testing the depth extent of silica sands that were located at Nova from the prior surface auger sampling.

suvo.com.au

10 March 2021

ASX ANNOUNCEMENT

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A total of 44 vertical drill holes were completed to around 20 metres depth for a total of 920 metres. Samples were taken from each one metre interval and the colour was logged. Samples were taken directly from a splitter attached to the cyclone and were around 3kg. The remaining sample was retained in a larger plastic bag and stored. The drill holes are represented below in Figure 1.

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Figure 1: Air core drilling from the Nova Project

The drilling intersected a mixture of aeolian, fluvial and marine sands. Samples were recovered dry and no water was intersected in drilling. Usually at surface there is a thin veneer of silica sand below which there is a layer of red or yellow ferruginous sands. Below the ferruginous sands, in places a thin silcrete cap then gives way to cream or pink silica sands. At depth the silica rich sands were generally white.

It would appear that the ferruginous zones and underlying white sand zones are generally flat lying and extensive. The profile could represent ground water alteration with mobilisation of iron oxides into an upper oxide zone and a leaching. breakdown and mobilisation of soluble elements from within the lower bleached white zones.

Samples for metallurgical sighter tests were selected from the white zones to test for the yield of silica sand and its quality. The samples tested are represented below in Figure 2 and were taken from between 13 and 18 metres below surface.

suvo.com.au

10 March 2021

ASX ANNOUNCEMENT

Figure 2: Metallurgical sample intervals in thick sections of white sand, NVAC006-13, NVAC012-14, NVAC017-16, NVAC037-14, NVAC038-18, NVAC044-18

Summary of Metallurgical Sighter Test work

A laboratory flowsheet was designed by Dr. Ron Goldbery BSc (Hons App Sc), MSc (App Sc), PhD and Murray Lines BSc (Geol) to develop silica sand from Nova to determine its suitability for glass manufacture and foundry applications.

Samples were prepared at Alliance Geotechnical, a certified NATA Laboratory, by taking a 600g split from the raw 2kg sample from air core drilling. The split was soaked and then processed by gentle attrition to disaggregate the sample constituents. A wet screening process split the samples into a “sand fraction” (+75µ), and a “clay fraction” (-75µ). The samples averaged a yield to the sand fraction of 73.7% (66 to 91%).

Two screened size fractions of the of six samples were submitted to the University of NSW for XRF analysis to determine the chemical composition. The same samples were also analysed by XRD for mineralogy (see below).

Particle size analysis of the “sand” was carried out by CDE Global in Brisbane to determine suitability for use in the manufacture of glass. Results showed an excellent yield of 78.14% within the glass window of preferred sizing -600µ +100µ. This compares well with sand data from other Australian glass sand producers in WA and Queensland. Product sizing also appears very suitable for foundry sand (AFS values ~47-61).

The results in this report are based on a small number of samples from the tenement as a guide to the economic potential of this large sand occurrence. The chemical composition and mineralogy of the sand, and the sizing, show the suitability of the material for use in glass manufacturing and foundry applications.

suvo.com.au

10 March 2021

ASX ANNOUNCEMENT

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The next step in testing the sand is to map the distribution of the white zones and bulk samples needs to be mechanically attritioned to remove any remaining clay coating to maximise the grade. This work is being undertaken at Nagrom’s laboratory in Perth.

Chemical Composition of Nova Sand

Two screened size fractions of the of six samples were submitted to the University of NSW for XRF analysis to determine the chemical composition.

Silica content of the sand fraction ranged from 94.48% to 99.31% with an average of 97.0%. The lower values of silica relate to manual rather than mechanical attrition resulting in some retention of clay on the quartz grains. Removal of two samples in this category results in silica levels rising to 98.11%.

Iron levels of the +75µ fraction (sand) ranged from 0.05 to 0.20% with an average of 0.085%. TiO2 ranged from 0.34% to 0.92% with an average of 0.68%.

Chrome (Cr2O3) values in the sand fraction with the exception of one sample (100ppm) were below detection limits, making it suitable for flint glass production.

The “clay” after drying was white and silky. Fe2O3 levels ranged from 0.84-1.73% with an average of 1.20%. Alkaline levels (Na, K) in the clay fraction were low (<0.01), being the limit of detection of the XRF, with the exclusion of NVAC-44 (which contained detrital microcline) of less than 250ppm.

Table 1: XRF CHEMICAL ANALYSIS OF +75 µ “Sand” Fraction

Element
(as
Oxide)		 NVAC-06
(wt%)		 NVAC-12
(wt%)		 NVAC-17
(wt%)		 NVAC-37
(wt%)		 NVAC-38
(wt%)		 NVAC-44
(wt%)
Na2O <0.01 <0.01 <0.01 <0.01 <0.01 0.03
MgO <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
Al2O3 0.44 0.47 2.00 0.39 0.30 2.03
SiO2 99.31 97.28 95.18 97.79 98.04 94.48
P2O5 <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
SO3 <0.01 <0.01 0.01 <0.01 <0.01 <0.01
K2O <0.01 <0.01 0.01 <0.01 <0.01 1.12
CaO <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
TiO2 0.16 0.23 0.29 0.16 0.06 0.28
V2O5 <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
Cr2O3 <0.01 <0.01 <0.01 0.01 <0.01 <0.01
Mn3O4 <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
Fe2O3 0.05 0.13 0.13 0.10 0.03 0.20
NiO <0.01 <0.01 <0.01 0.01 <0.01 <0.01
CuO <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
ZnO <0.01 <0.01 <0.01 <0.01 <0.01 <0.01

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10 March 2021

ASX ANNOUNCEMENT

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Element
(as
Oxide)
NVAC-06
(wt%)
NVAC-12
(wt%)
NVAC-17
(wt%)
NVAC-37
(wt%)
NVAC-38
(wt%)
NVAC-44
(wt%)		 Element
(as
Oxide)
NVAC-06
(wt%)
NVAC-12
(wt%)
NVAC-17
(wt%)
NVAC-37
(wt%)
NVAC-38
(wt%)
NVAC-44
(wt%)		 Element
(as
Oxide)
NVAC-06
(wt%)
NVAC-12
(wt%)
NVAC-17
(wt%)
NVAC-37
(wt%)
NVAC-38
(wt%)
NVAC-44
(wt%)		 Element
(as
Oxide)
NVAC-06
(wt%)
NVAC-12
(wt%)
NVAC-17
(wt%)
NVAC-37
(wt%)
NVAC-38
(wt%)
NVAC-44
(wt%)		 Element
(as
Oxide)
NVAC-06
(wt%)
NVAC-12
(wt%)
NVAC-17
(wt%)
NVAC-37
(wt%)
NVAC-38
(wt%)
NVAC-44
(wt%)		 Element
(as
Oxide)
NVAC-06
(wt%)
NVAC-12
(wt%)
NVAC-17
(wt%)
NVAC-37
(wt%)
NVAC-38
(wt%)
NVAC-44
(wt%)		 Element
(as
Oxide)
NVAC-06
(wt%)
NVAC-12
(wt%)
NVAC-17
(wt%)
NVAC-37
(wt%)
NVAC-38
(wt%)
NVAC-44
(wt%)
SrO 0.02 0.04 0.03 0.04 0.05 0.04
ZrO2 <0.01 0.02 0.02 0.01 <0.01 0.02
BaO <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
HfO2 <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
PbO <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
L.O.I. 0.41 0.75 0.97 0.25 0.56 0.64
TOTAL 100.39 98.92 98.65 98.76 99.04 98.84

Table 2: XRF CHEMICAL ANALYSIS OF -75 µ “Clay” Fraction

Element
(as Oxide)		 NVAC-06
(wt%)		 NVAC-12
(wt%)		 NVAC-17
(wt%)		 NVAC-37
(wt%)		 NVAC-38
(wt%)		 NVAC-44
(wt%)
Na2O 0.02 0.02 0.02 0.02 0.01 0.14
MgO 0.03 0.04 0.08 0.06 0.01 0.04
Al2O3 20.32 22.71 29.43 24.09 14.60 25.59
SiO2 68.97 65.83 56.47 64.43 77.34 58.21
P2O5 0.01 0.01 0.01 0.01 0.01 0.02
SO3 0.01 <0.01 <0.01 <0.01 <0.01 <0.01
K2O 0.05 0.08 0.19 0.14 0.21 5.49
CaO <0.01 0.01 0.01 <0.01 <0.01 <0.01
TiO2 0.87 0.79 0.79 0.92 0.41 0.34
V2O5 0.01 <0.01 <0.01 0.01 <0.01 <0.01
Cr2O3 0.02 0.07 0.01 0.02 <0.01 <0.01
Mn3O4 <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
Fe2O3 1.73 1.39 0.84 1.13 0.87 1.21
NiO 0.02 0.08 <0.01 0.01 <0.01 <0.01
CuO <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
ZnO <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
SrO <0.01 <0.01 <0.01 <0.01 0.01 <0.01
ZrO2 0.04 0.03 0.02 0.03 0.03 0.03
BaO <0.01 <0.01 <0.01 <0.01 <0.01 0.10
HfO2 <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
PbO <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
L.O.I. 7.58 8.65 11.78 9.31 5.83 8.00
TOTAL 99.68 99.71 99.64 100.17 99.33 99.17

suvo.com.au

10 March 2021 ASX ANNOUNCEMENT

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Mineralogy of Nova Sand

Two screened size fractions of the of six samples were submitted to the University of NSW for XRD analysis to determine mineralogy.

XRD mineralogy of the “sand” was exclusively crystalline silica; the mineralogy of the “clay” comprised crystalline quartz, crystalline dickite (polymorph of kaolin), traces of kaolin and detrital microcline in one sample. Dickite has potential for the hydrothermal synthesis of zeolite and is suited to all other kaolin applications.

Table 3: Nova Clay Fraction Qualitative Mineralogy by XRD

Sample no. Mineral 1 Mineral 2 Mineral 3 Mineral 4
NVAC 06 Quartz Dickite Kaolinite(minor)
NVAC 12 Quartz Dickite ND
NVAC 17 Quartz Dickite Kaolinite(minor)
NVAC 37 Quartz Dickite Kaolinite
NVAC 38 Quartz Dickite Kaolinite(minor)
NVAC 44 Quartz Dickite Microcline(kspar)

Silica Flour Test work

Additional work is ongoing on the sighter samples, particularly the finer fractions. Initial test work delineated the sand fraction as >75µm, the clay fraction <75µm. This will be investigated further by moving that sand-clay fraction delineator to <45µm. The >45µm to the <75µm fraction will now also be considered as sand.

These new tests will determine if a silica flour or very fine silica sand product can be won from the >45µm to the <75µm fraction. Mineralogical analysis of the <75µm has shown the main component to be quartz (SiO2) with dickite (a polymorph of kaolin), traces of kaolin and traces of detrital microcline in one sample. The content of the <45µm fraction will also be further investigated.

It is anticipated that the >45µm to the <75µm fraction is likely to contain most of the silica, while the <45µm is likely to contain most of the dickite and kaolin.

Silica flour is a very specialised product with a required size range difficult to produce in any quantity by natural means and is usually produced by grinding of coarser silica sand. Silica flour is used as a filler or in cements for wellcappings in oil and gas drilling. For example, silica flour helps oilwell cement maintain low permeability and high compressive strength under hightemperature conditions. This is a high value product compared to other silica sand applications.

If silica flour were to be produced this could increase the yield of the sand in any operation.

Commercial Implications

Silica sand can be used for a variety of applications. Numerous types of glasses can be manufactured from silica sand. In the market generally the more attractive the size range and the lower the contained impurities, the higher price. A standard glass product might expect in the order of US$35-$53 per dry metric tonne (August 2019, VRX).

suvo.com.au

10 March 2021

ASX ANNOUNCEMENT

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Another application for silica sands is in foundry applications for the forging of specialised parts, for example for the EV market. This product may range around US$38-$53 per dry metric tonne (August 2019, VRX).

The silica flour market for fillers and wellhead cement additives can reach US$140-$150 per dry metric tonne.

Drill Collars

All holes drilled vertical

HoleID gda94z50mE gda94z50mN **Depth_m **
NVAC001 341809 6690620 20
NVAC002 341433 6690614 21
NVAC003 340976 6690599 27
NVAC004 340430 6690567 20
NVAC005 339775 6690526 21
NVAC006 339122 6691054 20
NVAC007 339175 6690542 15
NVAC008 339234 6689990 21
NVAC009 339292 6689485 19
NVAC010 339349 6688980 20
NVAC011 339412 6688447 21
NVAC012 339478 6687994 20
NVAC013 339558 6687418 20
NVAC014 339643 6686882 20
NVAC015 338525 6686130 15
NVAC016 338902 6686247 20
NVAC017 339479 6686417 20
NVAC018 340444 6686742 20
NVAC019 340981 6686893 20
NVAC020 341502 6687089 20
NVAC021 342034 6687251 20
NVAC022 342595 6687491 20
NVAC023 342506 6687984 20
NVAC024 342381 6688527 21
NVAC025 342269 6688903 20
NVAC026 342180 6689292 19
NVAC027 341660 6689017 12
NVAC028 341160 6688379 15
NVAC029 340796 6687917 24
NVAC030 340396 6687411 18
NVAC031 340085 6687019 21
NVAC032 342232 6689081 20
NVAC033 342080 6689660 14

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10 March 2021

ASX ANNOUNCEMENT

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HoleID gda94z50mE gda94z50mN **Depth_m **
NVAC034 341987 6690059 12
NVAC035 341713 6691094 13
NVAC036 336917 6690349 20
NVAC037 339063 6691601 21
NVAC038 339012 6692049 23
NVAC039 338935 6692502 20
NVAC040 338738 6692897 20
NVAC041 339302 6692803 20
NVAC042 339997 6692889 19
NVAC043 340490 6692910 20
NVAC044 340996 6692934 20
NVAC045 341199 6691516 18
NVAC046 343952 6691912 20
NVAC047 344406 6692756 15
NVAC048 344388 6692989 15

suvo.com.au

10 March 2021

ASX ANNOUNCEMENT

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JORC Table 1

Section 1: Sampling Techniques and Data

(Criteria in this sec-on apply to all succeeding sec-ons.)

Criteria JORC-Code Explanation Commentary
Sampling
techniques		 Nature and quality of sampling (eg cut
channels, random chips, or specific
specialised industry standard measurement
tools appropriate to the minerals under
investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc).
These examples should not be taken as
limiting the broad meaning of sampling.		 Air core and auger drilling programs were conducted to
investigate and quantify the amount and quality of the
silica sand on the property.
The datasets were derived from a hand auger program
and air core drilling programs consisting of 38 shallow
hand auger holes and 43 air core drillholes for 920m of
air core drilling.
Samples are stored at a secure storage facility.
Auger samples were taken from base of hole. The
auger samples were used for visual assessment only
and formed a basis for subsequent air core drilling.
Air core drill samples were collected at 1 m intervals.
The sample of approximately 10kg each was collected
directly from the cyclone attached to sample return
hose. Subsamples of approximately 2kg used plastic
hand trowel after manual homogenisation and
quartering. Sample quality and representivity was
acceptable and no significant loss of sample through
hole blowouts or the like occurred. Drilling and
sampling continued to rig refusal or maximum rig
depth.
Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any measurement
tools or systems used.
Aspects of the determination of
mineralisation that are Material to the
Public Report. In cases where ‘industry
standard’ work has been done this would be
relatively simple (eg ‘reverse circulation
drilling was used to obtain 1 m samples from
which 3 kg was pulverised to produce a 30 g
charge for fire assay’). In other cases more
explanation may be required, such as where
there is coarse gold that has inherent
sampling problems. Unusual commodities or
mineralisation types (eg submarine nodules)
may warrant disclosure of detailed
information.
Drilling
techniques		 Drill type (eg core, reverse circulation, open-
hole hammer, rotary air blast, auger,
Bangka, sonic, etc) and details (eg core
diameter, triple or standard tube, depth of
diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by
what method, etc).		 All air core drillholes were completed by Outback
Drilling Pty Ltd using a KL150 air core rig using 83mm
air core bits and 73mm ARD drill rods
Drill sample
recovery		 Method of recording and assessing core and
chip sample recoveries and results assessed.		 A qualitative assessment of sample recovery was made
by the supervising geologist during drilling. Samples
were geologically logged and recovery was again
assessed. Most samples were dry and recovery
complete. Occasionally sample return required air
adjustments during drilling to maximise recovery and
Measures taken to maximise sample recovery
and ensure representative nature of the
samples.

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10 March 2021

ASX ANNOUNCEMENT

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Criteria
JORC-Code Explanation
Commentary		 Criteria
JORC-Code Explanation
Commentary		 Criteria
JORC-Code Explanation
Commentary
Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential loss/gain of fine/coarse material.		 reduce clay build-up between the sample face and the
cyclone. To ensure sample quality and integrity was
maintained, the drill string, cyclone and sample return
hose was cleaned prior to commencing each drillhole
and when necessary during the drilling process.
There was no evidence of bias in the samples.
Logging Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.		 Samples were geologically colour logged using Munsell
colour charts for all intervals by an experienced
geologist on-site at the time of drilling.
Logging was qualitative and focussed on grainsize and
colour.
Photographs were taken of the chip trays during the air
core and auger programs.

Whether logging is qualitative or
quantitative in nature. Core (or costean,
_channel, etc) photography. _
The total length and percentage of the
relevant intersections logged.
Sub-sampling
techniques and
sample
preparation		 If core, whether cut or sawn and whether
quarter, half or all core taken.		 Each 1 m interval was collected from the cyclone
underflow in all drillholes. Subsamples were
approximately 2 kg each. No composites were taken
onsite.
The individual 1m subsamples were delivered to
Nagrom Mineral Processing for further processing.
Field duplicates were taken each 20th sample. A total of
46 duplicates were included in the samples sent to
Nagrom.
Samples are deemed representative and the sample
size appropriate.
If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.
For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.
Quality control procedures adopted for all
sub-sampling stages to maximise
representivity of samples.
Measures taken to ensure that the sampling
is representative of the in situ material
collected, including for instance results for
field duplicate/second-half sampling.
Whether sample sizes are appropriate to the
grain size of the material being sampled.
Quality of
assay data and
laboratory
tests		 The nature, quality and appropriateness of
the assaying and laboratory procedures used
and whether the technique is considered
partial or total.		 Metallurgical sighter testing comprised disaggregation
and gentle attritioning of the sample to separate the
sand and clay particles, wet screening of the slurry to -

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10 March 2021

ASX ANNOUNCEMENT

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Criteria
JORC-Code Explanation
Commentary		 Criteria
JORC-Code Explanation
Commentary		 Criteria
JORC-Code Explanation
Commentary
For geophysical tools, spectrometers,
handheld XRF instruments, etc, the
parameters used in determining the analysis
including instrument make and model,
reading times, calibrations factors applied
and their derivation, etc.		 75_µ_m to separate the clay and the sand, dry the sand
fraction and screen to determine particle size
distribution, XRF and XRD analysis of the sand and clay
fraction, analysis of the results.
XRF chemical analysis was completed at the University
of NSW reported are Na2O, MgO, Al2O3, SiO2,P2O5, SO3,
K2O, CaO, TiO2, V2O5, Cr2O3, Mn3O4, Fe2O3, NiO, CuO,
ZnO, SrO, ZrO2, BaO, HfO2, PbO, L.O.I.
Particle size distribution was carried out by Alliance
Geotechnical & Environmental.
AFS values were from data from CDEN Global.
These techniques are appropriate for the type of
deposit and industry standard.
Duplicate samples have been taken and will be
analysed in upcoming production analysis.
Nature of quality control procedures adopted
(eg standards, blanks, duplicates, external
laboratory checks) and whether acceptable
levels of accuracy (ie lack of bias) and
precision have been established.
Verification of
sampling and
assaying		 The verification of significant intersections
by either independent or alternative company
personnel.		 Dr Ron Goldbery BSc (Hons App Sc), Msc (App Sc), PhD,
and Murray Lines BSc (Geol), consultants
subcontracted to Suvo, helped select the samples and
develop the test work program.
Field data was collected in both field notebooks and log
sheets, then manually entered into spreadsheets and
validated in Micromine. No adjustments were made to
assay data.
The use of twinned holes.
Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
Discuss any adjustment to assay data.
Location of
data points		 Accuracy and quality of surveys used to
locate drill holes (collar and down-hole
surveys), trenches, mine workings and other
locations used in Mineral Resource
estimation.		 All drillholes were picked up using a mmGPS Rover to
an accuracy of +/- 10mm N and E, +/- 15mm RL.
Drillhole collars were recorded using the MGA94 Zone
50 grid.
All holes were vertical and, with an average hole depth
of only 20m downhole surveying was not considered
necessary
Specification of the grid system used.
Quality and adequacy of topographic
control.
Data spacing
and
distribution		 Data spacing for reporting of Exploration
Results.		 The drilling was performed on tracks through the
projects and collar density appropriate for the level
resource assessment.
Whether the data spacing and distribution is
sufficient to establish the degree of
geological and grade continuity appropriate
for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications
applied.
Whether sample compositing has been
applied.

suvo.com.au

10 March 2021

ASX ANNOUNCEMENT

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Criteria
JORC-Code Explanation
Commentary		 Criteria
JORC-Code Explanation
Commentary		 Criteria
JORC-Code Explanation
Commentary
Orientation of
data in relation
to geological
structure		 Whether the orientation of sampling achieves
unbiased sampling of possible structures and
the extent to which this is known, considering
the deposit type.		 All drill holes are assumed vertical, which means that
the sampling is orthogonal to the horizontal to sub
horizontal sand horizons.
Orientation-based sampling bias is not expected from
vertical drillholes.

If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.
Sample
security		 The measures taken to ensure sample
security.		 Samples have been in the care of Company personnel
during drilling, transport from the field and into
Company storage facility.
Audits or
reviews		 The results of any audits or reviews of
sampling techniques and data.		 The field program was managed and supervised by
Dean de Largie who is a Fellow of the Australian
Institute of Geoscientists.

Section 2: Reporting of Exploration Results

(Criteria listed in the preceding sec-on also apply to this sec-on.)

Criteria JORC-Code Explanation Commentary
Mineral
tenement and
land tenure
status		 Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint
ventures, partnerships, overriding royalties,
native title interests, historical sites,
wilderness or national park and
environmental settings.		 The Nova tenements are Granted Exploration Licenses.
Tenement Numbers E70/5001, E70/5322, E70/5323 and
E70/5324. They are located 15km south of Eneabba in
Western Australia. The Tenements are held by
Watershed Enterprise Solutions Pty Ltd.
There are no known impediments to operate on the
tenements.
The security of the tenure held at the time of
reporting along with any known
impediments to obtaining a licence to
operate in the area.
Exploration
done by other
parties		 Acknowledgment and appraisal of
exploration by other parties.		 Previous exploration for heavy minerals was completed in
the 1990’s by RGC Exploration Pty Ltd.
Geology Deposit type, geological setting and style of
mineralisation.		 The Nova project is an environment of mixed aeolian,
fluvial and marine sands.
Usually there is a layer of several metres comprising red
or yellow ferruginous sands, sometimes with thin layer of
silica sand overlying this at surface. Below the
ferruginous sands, in places a thin hard cap then gives
way to cream or pink sands, at depth the silica sands
were generally white.
The sand horizons are generally sub horizontal.

suvo.com.au

10 March 2021

ASX ANNOUNCEMENT

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Criteria
JORC-Code Explanation
Commentary		 Criteria
JORC-Code Explanation
Commentary		 Criteria
JORC-Code Explanation
Commentary
Drill hole
Information		 A summary of all information material to
the understanding of the exploration results
including a tabulation of the following
information for all Material drill holes:		 The overburden of ferruginous sands is generally up to
4m thick, sometimes there is a thin hard layer, below
which are light pink to crème sands, grading usually to
white at depth.
All holes were drilled vertically to an average depth of 20
m.
Drillhole collar information is included within the report.
easting and northing of the drill hole collar
elevation or RL (Reduced Level – elevation
above sea level in metres) of the drill hole
collar
dip and azimuth of the hole
down hole length and interception depth
hole length.
If the exclusion of this information is
justified on the basis that the information is
not Material and this exclusion does not
detract from the understanding of the
report, the Competent Person should clearly
explain why this is the case.
Data
aggregation
methods		 In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (eg cutting of
high grades) and cut-off grades are usually
Material and should be stated.		 Aggregation and averaging have not been used
Where aggregate intercepts incorporate
short lengths of high grade results and
longer lengths of low grade results, the
procedure used for such aggregation should
be stated and some typical examples of such
aggregations should be shown in detail.
The assumptions used for any reporting of
metal equivalent values should be clearly
stated.
Relationship
between
mineralisation
widths and
intercept
lengths		 These relationships are particularly
important in the reporting of Exploration
Results.		 The silica sands are hosted within a horizontal near-
surface weathering profile. It is an in-situ weathered
product and the weathering profile is zoned vertically.
Drillholes are all vertical. Intercepted widths are
approximately true widths.
If the geometry of the mineralisation with
respect to the drill hole angle is known, its
nature should be reported.
If it is not known and only the down hole
lengths are reported, there should be a clear
statement to this effect (eg ‘down hole
_length, true width not known’). _
Diagrams Appropriate maps and sections (with scales)
and tabulations of intercepts should be
included for any significant discovery being
reported These should include, but not be
limited to a plan view of drill hole collar
locations and appropriate sectional views.		 Drill collar maps and appropriate sections are included in
the Report
Balanced
reporting		 Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced to avoid
misleading reporting of Exploration Results.		 All available exploration results are reported in the
Report.

suvo.com.au

10 March 2021

ASX ANNOUNCEMENT

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Criteria JORC-Code Explanation Commentary
Other
substantive
exploration
data		 Other exploration data, if meaningful and
material, should be reported including (but
not limited to): geological observations;
geophysical survey results; geochemical
survey results; bulk samples – size and
method of treatment; metallurgical test
results; bulk density, groundwater,
geotechnical and rock characteristics;
potential deleterious or contaminating
substances.		 All material exploration data has been used and reported.
Further work The nature and scale of planned further
work (eg tests for lateral extensions or depth
extensions or large-scale step-out drilling).		 Further air core drilling is planned to twin selected old
RGC air core holes so this information can be
incorporated into mineral resource estimates.
Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future
drilling areas, provided this information is
not commercially sensitive.

This announcement has been approved for release by the Board of Directors.

Contacts:

Robert Martin Executive Chairman E: [email protected]

Len Troncone Executive Director, COO/CFO E: [email protected]

suvo.com.au

10 March 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 Operation, 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 35-40kt per annum is supplied to various end users.

Current Reserves and Resources at Pittong are reported to PERC code, they are currently being upgraded to JORC 2012 compliance.

The White Cloud Project

The 100% owned White Cloud Project is located 215km northeast of Perth, Western Australia. The project area comprises three granted exploration licences (E70/5039, E70/5332, E70/5333) for 392km[2] , and one exploration licence application (E70/5517) for 21km[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 owner and occupier.

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 39.4Mt of bright white kaolinised granite with at ISO Brightness of 80.7%, <45µm yield of 41.8% results in 16.5Mt 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 three granted exploration licences (E70/5001, E70/5322, E70/5323) 133km[2] , and one exploration licence application (E70/5324) for 36km[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.

Competent Person Statements

The information in this announcement is based on information compiled by Mr Murray Lines. Mr Murray Lines is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM). Mr Murray Lines has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the JORC Code. Mr Murray Lines is a consultant of Suvo Strategic Minerals Limited and receives consultant fees in relation to his work on commercial terms. Mr Murray Lines consents to the inclusion of the information in the release in the form and context in which it appears.

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