GREEN360 TECHNOLOGIES LIMITED — Capital/Financing Update 2022

Aug 14, 2022

ASX ANNOUNCEMENT

COMMERCIAL TRIALS COMMENCE WITH C&D

HIGHLIGHTS

• Suvo signs legally binding supply contract for the delivery of two high quality Pittong hydrous kaolin products to be used in commercial-scale trials by C&D Logistics Group Co Ltd

• C&D is the minerals division of Xiamen C&D – a Global Fortune 500 company with annual revenue circa US$100 billion and almost 30,000 employees

• Under the cooperation agreement dated 25 May 2022 between C&D and Suvo, the Company has subsequently provided Technical Data Sheets (TDS) and product samples of hydrous clay from its Pittong operations to C&D

• Having assessed the TDS and a number of lab-scale samples, C&D have chosen 2 Pittong hydrous kaolin products to commence commercial trials

Suvo Strategic Minerals Limited (ASX: SUV) (“Suvo” or “the Company”) is pleased to announce that following the signed cooperation agreement between C&D Logistics Group Co Ltd (“C&D”) and Suvo, dated 25 May 2022, C&D have agreed to accept delivery under a commercial-scale trial delivery contract, 20 tonnes of two high quality water washed kaolin products, from Suvo’s 100% owned Pittong hydrous kaolin operation.

The two high quality, hydrous kaolin products with controlled colour and particle size distribution will be used by C&D in various commercial-scale trials. This binding contract is an important next step for the Company and another step closer to a commercial offtake agreement with C&D.

The cooperation agreement dated 25 May 2022 set out terms for Suvo and C&D to work together to develop and grow ‘other kaolin related product’ markets with kaolin sourced from Pittong and with a view to developing long-term relationships with customers across a range of industries, products and locations.

Pending the results of this commercial-scale trial contract in relation to product sourced from Pittong, Suvo and C&D will continue to negotiate a Sales and Purchase Agreement in good faith.

C&D has already evaluated technical data sheets from Suvo’s 100 per cent-owned Pittong hydrous kaolin operation in Victoria including a number of lab-scale samples. Discussions on sales price for a suite of potential full-scale commercial orders with C&D continue to advance.

C&D is the minerals division of Xiamen C&D – a Global Fortune 500 company with annual revenue circa US$100 billion and almost 30,000 employees. C&D focuses on resources and minerals, providing a one-stop supply chain service to both upstream and downstream users of industrial materials.

Suvo Non-Executive Chairman Henk Ludik commented:

“C&D’s decision to move ahead with commercial trials following the evaluation of samples speaks volumes about the quality of kaolin being produced from our Pittong operations in Victoria.

“This is the logical next step towards a material supply agreement between the two companies with negotiations on this front already well advanced.”

Albert Fu, Project and Procurement Manager of C&D Logistics commented:

“We look forward to establishing a long and good working relationship with Suvo”

The release of this announcement has been approved by the Board of Directors of Suvo Strategic Minerals Limited.

-ENDS-

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For further information please contact

Investor enquiries

Henk Ludik Non-Executive Chairman T: +61 8 9389 4495 E: henk.ludik@suvo.com.au

Media enquiries Josh Nyman Spoke Corporate M. +61 413 243 440 E: josh@spokecorporate.com

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 expansion of, their 100% owned Pittong hydrous kaolin operation located 40km west of Ballarat in Victoria. Suvo’s exploration focus is on near-term kaolin and high purity silica assets with 100% owned Gabbin (kaolin), Eneabba and Muchea (silica sands) projects located 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.

Gabbin Kaolin Project

The 100% owned Gabbin Kaolin Project (White Cloud) 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 413km2, 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 main rock types at Gabbin 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%.

Eneabba Silica Sands Project

The 100% owned Eneabba 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 169km2 . 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.