New Risk • Mar 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$54.2m market cap, or US$37.9m). Reported Earnings • Mar 13
First half 2026 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in 1H 2025) First half 2026 results: AU$0.002 loss per share (in line with 1H 2025). Revenue: AU$5.67m (down 9.2% from 1H 2025). Net loss: AU$1.87m (loss widened 18% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Mar 06
Green360 Technologies LImited has completed a Follow-on Equity Offering in the amount of AUD 4.5 million. Green360 Technologies LImited has completed a Follow-on Equity Offering in the amount of AUD 4.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 112,500,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 25
Full year 2025 earnings released: AU$0.004 loss per share (vs AU$0.009 loss in FY 2024) Full year 2025 results: AU$0.004 loss per share (improved from AU$0.009 loss in FY 2024). Revenue: AU$13.3m (up 8.3% from FY 2024). Net loss: AU$4.05m (loss narrowed 47% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Announcement • Sep 24
Green360 Technologies LImited, Annual General Meeting, Nov 20, 2025 Green360 Technologies LImited, Annual General Meeting, Nov 20, 2025. New Risk • Sep 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$49.7m market cap, or US$32.8m). New Risk • Aug 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$34.7m market cap, or US$22.4m). New Risk • Aug 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$31.2m market cap, or US$20.3m). Announcement • Aug 11
Green360 Technologies LImited has completed a Follow-on Equity Offering in the amount of AUD 4 million. Green360 Technologies LImited has completed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 146,909,090
Price\Range: AUD 0.022
Discount Per Security: AUD 0.00132
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,909,091
Price\Range: AUD 0.022
Discount Per Security: AUD 0.00132
Transaction Features: Subsequent Direct Listing New Risk • Mar 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.4m free cash flow). Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (AU$35.3m market cap, or US$22.2m). Reported Earnings • Mar 12
First half 2025 earnings released: AU$0.002 loss per share (vs AU$0.003 loss in 1H 2024) First half 2025 results: AU$0.002 loss per share (improved from AU$0.003 loss in 1H 2024). Revenue: AU$6.24m (up 3.4% from 1H 2024). Net loss: AU$1.59m (loss narrowed 39% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. New Risk • Mar 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.4m free cash flow). Earnings have declined by 39% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$38.4m market cap, or US$24.2m). Board Change • Nov 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Mark Pensabene was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 25
Suvo Strategic Minerals Limited Announces Board Changes Suvo Strategic Minerals Limited announced the appointment of Peter Trinder as Non-Executive Director of the Company. Non-Executive Director Oliver Barnes has resigned from the Board of Directors. Peter commenced his career in construction in 1978 and has worked in a variety of positions including concrete batch plant manager, site engineer, specialist materials consultant and concrete repair contractor. In the 1980's he established the Sydney office of the materials technology consultancy group Taywood Engineering Limited who specialised in providing concrete technology advice to asset owners and designers and after a period working with a number of concrete repair contractors in Sydney and Melbourne, Peter rejoined Taywood Engineering in their Perth Office. Peter was appointed the Company's Australian manager in 1999. In 2001 GHD Pty Ltd. took over the operations of Taywood Engineering and Peter became their national Concrete Technology Manager. In 2006 Peter joined ANCON Beton Pty Ltd. as a concrete technology consultant focusing on assessment of the long term performance of concrete structures and the design for durability. During his time with ANCON Beton, Peter provided technical support to projects throughout Australia, New Zealand Asia and the Middle East. In addition to his work as a specialist consultant Peter has held senior management positions at a number of concrete repair contractors in Sydney, Melbourne and Western Australia including a period as the Business Manager for the Concrete repair division at Monadelphous Engineering in Western Australia. In 2013 Peter joined BG&E Pty Ltd. in their Perth office. During his time at BG&E he led the Western Australian materials group with its primary focus being the provision of technical support in the design and construction of major infrastructure and mining operations within Western Australia. This included the preparation of Durability Plans on major transport infrastructure projects throughout the state. More recently, Peter consults as an independent advisor on issues related to improving the quality of construction in major infrastructure projects. Announcement • Oct 29
Suvo Strategic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. Suvo Strategic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 41,666,666
Price\Range: AUD 0.048
Discount Per Security: AUD 0.00288
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 28
Full year 2024 earnings released: AU$0.009 loss per share (vs AU$0.011 loss in FY 2023) Full year 2024 results: AU$0.009 loss per share (improved from AU$0.011 loss in FY 2023). Revenue: AU$12.3m (up 8.8% from FY 2023). Net loss: AU$7.64m (loss narrowed 5.7% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 19
First half 2024 earnings released: AU$0.003 loss per share (vs AU$0.003 loss in 1H 2023) First half 2024 results: AU$0.003 loss per share (in line with 1H 2023). Revenue: AU$6.04m (up 2.5% from 1H 2023). Net loss: AU$2.61m (loss widened 7.7% from 1H 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Basic Materials industry in Australia. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Announcement • Feb 27
Suvo Strategic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million. Suvo Strategic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 83,333,334
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Transaction Features: Subsequent Direct Listing Announcement • Oct 06
Suvo Strategic Minerals Limited, Annual General Meeting, Nov 17, 2023 Suvo Strategic Minerals Limited, Annual General Meeting, Nov 17, 2023, at 11:00 W. Australia Standard Time. Location: at Level 11, 40 The Esplanade Perth Western Australia Australia Agenda: To consider the remuneration report; to consider the election of Director Mr Hugh Thomas; to consider the election of Director Dr Agu Kantsler; to consider the re-election of Director Mr Aaron Banks; to consider the approval of 10% Placement Facility; and to consider other mater also. Reported Earnings • Sep 30
Full year 2023 earnings released: AU$0.011 loss per share (vs AU$0.003 loss in FY 2022) Full year 2023 results: AU$0.011 loss per share (further deteriorated from AU$0.003 loss in FY 2022). Revenue: AU$11.3m (down 19% from FY 2022). Net loss: AU$8.10m (loss widened 315% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. New Risk • Sep 30
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$7.1m). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$23.5m market cap, or US$15.1m). Announcement • Sep 05
Suvo Strategic Minerals Limited Announces the Appointment of Agu Kantsler as Non-Executive Director Suvo Strategic Minerals Limited announced the appointment of Dr. Agu Kantsler as Non-Executive Director of the Company, effective immediately. Dr. Agu J. Kantsler, B.Sc (Hons), Ph.D., G.A.I.C.D., FTSE, has over 45 years of experience in the international and Australian upstream oil and gas industry and has spent over 20 years in senior leadership positions and 12 years serving on the boards of several listed and private companies. Dr. Kantsler spent 15 years working for Shell International Petroleum on various international exploration assignments and subsequently 13 years as Executive Vice President for Exploration and New Ventures at Woodside Petroleum Limited where he led teams credited with numerous oil and gas discoveries, including the giant Pluto and Calliance gas fields. Dr. Kantsler then spent two years as the Executive Vice President for Health, Safety and Security at Woodside where he led the team of professionals providing advice to management on safety, welfare and security for over 16,000 construction workers in Southeast Asia and Australia as well as operations at Woodside’s nine major production facilities. He is currently the Managing Director of Transform Exploration Pty Ltd. and a NonExecutive Director of Central Petroleum Limited. He is a former Director of Oil Search limited, a former President of the Chamber of Commerce and Industry Western Australia, a former Director of the Australian Chamber of Commerce and Industry and a former Chairman and Director of the Australian Petroleum Production and Exploration Association (APPEA). Dr. Kantsler was awarded APPEA’s Reg Sprigg gold medal for service to the industry in 2005 and in 2006 was elected to Fellowship of the Australian Academy of Technological Sciences and Engineering. Announcement • Aug 29
An unknown buyer agreed to acquire 26% stake in Dingo HPA Pty Ltd from Suvo Strategic Minerals Limited (ASX:SUV) for AUD 0.18 million. An unknown buyer agreed to acquire 26% stake in Dingo HPA Pty Ltd from Suvo Strategic Minerals Limited (ASX:SUV) for AUD 0.18 million on August 29, 2023. New Risk • Aug 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$6.9m). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$22.7m market cap, or US$14.7m). Announcement • Jul 29
Suvo Strategic Minerals Limited, Annual General Meeting, Aug 30, 2023 Suvo Strategic Minerals Limited, Annual General Meeting, Aug 30, 2023, at 09:00 W. Australia Standard Time. Location: Level 11, 40 The Esplanade, Perth Western Australia 6000 Perth WA 6000 Australia Agenda: To consider Approval to issue Director Performance Rights; to consider Ratification of issue of 2023 Placement Shares; to consider Ratification of issue of PAC LM Options; to consider Ratification of issue of 2022 Placement Shares; to consider Ratification of issue of Placement Options; to consider Ratification of issue of PAC Consultant Options; and to consider Ratification of issue of Far East Options. Announcement • Jun 27
Suvo Strategic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.6 million. Suvo Strategic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 69,565,220
Price\Range: AUD 0.023
Transaction Features: Subsequent Direct Listing Announcement • Jun 19
Suvo Strategic Minerals Limited Announces Executive Changes Suvo Strategic Minerals Limited announced that Chief Executive Officer, Hugh Thomas appointed as Managing Director. Non- Executive Director Henk Ludik has resigned from the Board of Directors. Announcement • Jun 15
Suvo Strategic Minerals Limited Reports the Passing of Non-Executive Director, Dr. Ian Wilson Suvo Strategic Minerals Limited reported the passing of non-executive director, Dr. Ian Wilson. Ian was one of the foremost authorities in the Kaolin Industry across the globe. He joined the board early in the company's life providing invaluable guidance as Suvo progressed from explorer to the only hydrous kaolin producer in Australia. Reported Earnings • Mar 17
First half 2023 earnings released: AU$0.003 loss per share (vs AU$0 in 1H 2022) First half 2023 results: AU$0.003 loss per share (further deteriorated from AU$0 in 1H 2022). Revenue: AU$5.89m (down 16% from 1H 2022). Net loss: AU$2.42m (loss widened AU$2.10m from 1H 2022). Announcement • Jan 19
Suvo Strategic Minerals Limited (ASX:SUV) completed the acquisition of Mining Tenement E70/4981 from Aaron Banks. Suvo Strategic Minerals Limited (ASX:SUV) agreed to acquire Mining Tenement E70/4981 from Aaron Banks on January 20, 2022. The deal is subject to approval from regulatory body and Suvo Strategic Minerals Limited (ASX:SUV) shareholders.
Suvo Strategic Minerals Limited (ASX:SUV) completed the acquisition of Mining Tenement E70/4981 from Aaron Banks on January 17, 2023. All conditions precedent have been satisfied. Aaron Banks has agreed to waive his rights to receive the 333,334 unquoted options for nil consideration. Announcement • Dec 01
Suvo Strategic Minerals Limited Appoints Hanno Van Der Merwe as Chief Operating Officer Suvo Strategic Minerals Limited announced the appointment of Hanno Van Der Merwe as Chief Operating Officer, effective immediately. Mr. van der Merwe has more than 25 years of experience in Estimating; Project Management; and Production Management, holding qualifications in Production Engineering and a Master of Business Management. He has been involved in the delivery of a number of highly successful projects in Australia and Africa, holding senior management roles in the mining, oil and gas, renewable energy, engineering, construction, maintenance and telecommunications industries. Mr. van der Merwe was previously the Lead Estimator for the business arm of telecommunications giant Vodafone Australia and the Lead Project Estimator of Mineral Resources Ltd. He has also held senior roles at BGC Contracting, Lycopodium Minerals, and Kiewit Australia. The appointment of Mr. van der Merwe comes at a time of significant growth for Suvo, including the upgrade and optimisation of the Pittong Plant, which remains on schedule for completion first quarter of 2023. Announcement • Nov 17
Suvo Strategic Minerals Limited Announces Drilling Commences at Eneabba Suvo Strategic Minerals Limited provided an update on its 100% owned Eneabba Silica Sands project (Project) in Western Australia.? The Company has commenced drilling on the private land to the east of granted tenure that contains the Eneabba Project maiden Inferred JORC Resource of 216Mt of Silica Sand. The drilling campaign consists of circa 75 holes for a total of 2100 meters and will be completed within a week. The land is currently used for agricultural purposes and has infrastructure including: Road access, 3 phase power and water. Rail line direct to Geraldton Port (approximately 2kms from the western boundary of E70/5001). The cleared area of approximately 250 hectares negates the need for environmental clearing permits, and with key infrastructure already available, project timelines may be significantly reduced. Importantly, Suvo continues to advance its discussions with the above and below rail operators, including the Midwest Port Authority, all of which are critical to ensuring the Company is well placed in its pursuit towards the potential development of a silica sand operation at Eneabba. The commencement of this drilling campaign will allow Suvo to obtain bulk samples and send these to various end-users who have already registered their interest for metallurgical test work. Sample results will assist to define end-user product specifications and potential product pricing, allowing for meaningful offtake discussions. Following completion of the drilling program and confirmation of product suitability, Suvo plans to commence study work to facilitate a mining licence application. The existing infrastructure already in place will likely assist in expediting feasibility studies. Should the Company form up an economically viable resource, the Company and the private landowners will advance discussions allowing access to the tenement for mining operations and current infrastructure. Board Change • Nov 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Executive Director Aaron Banks is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Sep 19
Suvo Strategic Minerals Limited, Annual General Meeting, Nov 18, 2022 Suvo Strategic Minerals Limited, Annual General Meeting, Nov 18, 2022. Announcement • Sep 15
Suvo Strategic Minerals Limited Receives Data Under the First Phase of the Research Agreement Suvo Strategic Minerals Limited announced it has received data under the first phase of the research agreement announced on 10 March with Curtin University. Led by Senior Lecturer of the School of Civil and Mechanical Engineering Dr Thong Pham, Curtin University is investigating the application of high reactivity metakaolin (HRM) as a sustainable solution in decarbonising cement. The first phase of the study, which largely focused on a literary review and data analysis to evaluate the feasibility and potential for the HRM application, has now been completed. Study findings: Curtin University's initial findings note the current sectors of concrete adopting metakaolin (MK) include: High and ultra-high performance, high strength and lightweight concrete; Precast concrete; Marine concrete structures; Fiber-reinforced cementitious composites. The study findings show MK has numerous potential applications in the cement industry, particularly as a supplementary cementitious material (SCM) in conjunction with other SCMs to maximise its potential. Importantly it found the production of concrete incorporating MK emits significantly less CO2 compared to ordinary Portland cement (OPC). The study estimated that up to a 31% reduction in CO 2 emissions can be achieved with a 20% MK replacement. The study findings also note concrete incorporating MK can provide up to a 40% improvement in mechanical properties, such as compressive strength, flexural strength, and tensile strength. This can help increase the lifespan of concrete structures by up to 50%, leading to another potential 14% reduction in CO2 emissions, as well as a reduction in cement, water, and aggregate demand. Using assumptions from previous studies, Curtin University researchers note MK can be used in a concrete mixture between 10% to 40% of the mass of cement while potentially improving the mechanical properties of concrete. Announcement • Sep 14
Suvo Strategic Minerals Limited, Annual General Meeting, Oct 21, 2022 Suvo Strategic Minerals Limited, Annual General Meeting, Oct 21, 2022, at 09:00 W. Australia Standard Time. Location: Level 11, 40 The Esplanade, Perth Western Australia Australia Agenda: To consider Approval of the proposed acquisition of the Sale Assets from the Seller; to consider Approval to issue Consideration Options to Seller; to consider Approval to issue Deferred Consideration Shares; to consider Approval to issue Performance Rights to Directors; to consider Ratification of prior issue of Placement Shares; and to consider ratification of prior issue of Attaching Options. Announcement • Aug 31
Suvo Strategic Minerals Limited Provides an Update on its 100% Owned Eneabba Silica Sand Project in Western Australia Suvo Strategic Minerals Limited provided an update on its 100% owned Eneabba Silica Sand project in Western Australia. The Company has executed an Agreement to Agree, for Land Access, with Indian Ocean Farms Pty Ltd. Indian Ocean Farms Pty Ltd. occupy the land to the east of granted tenure that contains the Eneabba Project maiden Inferred JORC Resource of 216Mt of Silica Sand. The Agreement provides certainty for Suvo's upcoming drilling campaign, aimed at determining a JORC Compliant Indicated Resource and scheduled to commence in fourth quarter CY2022. The land is currently used for agricultural purposes and has infrastructure including: Road access, 3 phase power and water; Rail line direct to Geraldton Port (approximately 2kms from the western boundary of E70/5001). The Company has negotiated access to drill an area that is not under crop which will allow a more streamlined and less onerous process be conducted by the Company in its pursuit towards the potential development of a Silica Sand operation at Eneabba. The cleared area of approximately 250 hectares negates the need for environmental clearing permits, and with key infrastructure already available, project timelines may be significantly reduced. The Company intends securing a drill rig and commencing drilling in the coming months. Concurrently, it will advance talks with above and below rail operators and the Midwest Port Authority. The proposed upcoming drilling campaign will allow Suvo to obtain bulk samples and send these to various end-users for further metallurgical test work. Sample results will assist to define end-user product specifications and potential product pricing, allowing for the fast track of potential offtake discussions. Announcement • Jul 26
Suvo Strategic Minerals Limited Successfully Completes the Renewal of Its Pittong Mining Licence Suvo Strategic Minerals Limited announced that its has successfully completed the renewal of its Pittong mining licence which has been approved by Victoria's Earth Resources Regulation, Department of Jobs, Precincts and Regions (DJPR). Approval by the regulator extends the Pittong mining licence held by Kaolin Australia Pty Ltd, a wholly owned subsidiary of the Company, to December 2045. The renewal follows the Company's recently announced maiden 2012 JORC guidelines mineral resource estimate at Pittong, which is located only 2km from the Company's kaolin processing facility. The JORC compliant report estimated the Pittong asset contains 3.74Mt indicated and 1.97Mt inferred of kaolinized granite. As part of the mining licence extension, Suvo's rehabilitation bond held by Earth Resources Regulation increased to $1.774 million (from $0.398 million) as required under the Mineral Resources (Sustainable Development) Act 1990. The increase in the bond was funded from existing cashflows. Suvo will submit ongoing annual assessments of the rehabilitation liability and conduct progressive rehabilitation activity. Bonds are returned to the mining licensee by the regulator once satisfactory rehabilitation of the site has occurred. Board Change • Apr 27
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Executive Director Aaron Banks is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Jan 20
Suvo Strategic Minerals Limited (ASX:SUV) agreed to acquire Mining Tenement E70/4981. Suvo Strategic Minerals Limited (ASX:SUV) agreed to acquire Mining Tenement E70/4981 on January 20, 2022. The deal is subject to approval from regulatory body and Suvo Strategic Minerals Limited (ASX:SUV) shareholders. Announcement • Sep 24
Suvo Strategic Minerals Limited Announces Trawalla Maiden Mineral Resource Estimate Suvo Strategic Minerals Limited announced that the conversion of the Trawalla deposit historical Resources from Pan European Reporting Code 2001 (PERC) to JORC 2012 compliance has now been completed. This conversion has resulted in an increase of around 20% of kaolin product to 3.5Mt. A Mineral Resource estimate has been completed for the Trawalla deposit by CSA Global Pty Ltd. (CSA) and has been reported in accordance with the JORC Code, suitable for public reporting. Samples from twin holes drilled during 2021 verified historical drill data as suitable for use in the estimating and reporting of a Mineral Resource based on four commercial grades of clay. The designations are represented below based on bleached brightness values (ISOB) and viscosity concentration (VC) of the refined clay: High Brightness & Fluid "hbf" ISOB 84.0, and VC 64.0; Moderate Brightness & Fluid "mbf" ISOB 80 but < 84, and VC 64.0; High Brightness & Non-Fluid "hnf" ISOB 84.0, and VC < 64.0; Moderate Brightness & Non-Fluid "mnf" ISOB 80.0 but < 84.0 and VC < 64.0. The total Indicated and Inferred Mineral Resource estimate of Trawalla is 12.7Mt of kaolinized granite yielding 3.5Mt of bright white kaolin product with ISO Brightness of 80.8 and bleached ISO Brightness of 83.7. Since 1991 some 1,220 auger, Reverse Circulation (RC) and diamond drill (DD) holes were drilled totalling approximately 9,800 metres. Of these, data from 240 historical holes were used in the present Mineral Resource estimation. The historical samples were tested at the Pittong laboratory in Victoria. In 2021, Suvo completed a drilling program to convert the resources at Trawalla from PERC 2001 to JORC 2012 Code. This program included the completion of 14 aircore holes, of which three were twins of existing drill holes. The drill samples were composited and to date the three twins have been tested at both the Pittong laboratory and Nagrom in Perth. Trawalla was first targeted for kaolinised granite to be used primarily in paper coating applications and to a lesser degree for paint, rubber, adhesive, plastics and other specialized applications. Apart from laboratory test work four bulk samples of approximately 100m3 each were treated through the Pittong processing plant. The Trawalla deposit, located within ML 5365, was first granted on 30 April 1991 as EL 2640. Tenements EL 3325 and 3326, located to the north and east respectively were granted in September 1992. After a period of consolidation and relinquishment ML 5365, with an area of 236 Ha was granted in June 2002 valid for 20 years. The resources at Trawalla are contained within a weathered granite where the feldspar in the coarse-grained granite has been altered to kaolinite and halloysite by meteoric weathering. This intense weathering has dissolved and leached selected constituents of the rock and formed an insitu deposit of white kaolin up to 20m thick with associated quartz. Granitic rocks have intruded Ordovician slates and sandstones, which in part have been covered by basalt flows of the newer Volcanics and Tertiary and Recent alluvial deposits. The topsoil profile varies in depth from 25 to 30cm, below which a semi-plastic, sandy-gravel sub-soil was encountered, grading into a grey-brown plastic overburden at 50-60cm which overlayed the kaolin, sometimes this overburden forms thin intrusions down into the kaolin. Executive Departure • Aug 04
Company Secretary Justyn Stedwell has left the company On the 1st of August, Justyn Stedwell's tenure as Company Secretary ended after 3.2 years in the role. We don't have any record of a personal shareholding under Justyn's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.08 years, which is considered inexperienced in the Simply Wall St Risk Model. Announcement • May 29
Suvo Strategic Minerals Limited Announces the Results of Scoping Study for Its 100% Owned White Cloud Kaolin Project Located Near Gabbin in the Wheatbelt Region of Western Australia, 210Km Northeast of Perth Suvo Strategic Minerals Limited announced the results of a Scoping Study (‘Study’) for its 100% owned White Cloud Kaolin Project located near Gabbin in the Wheatbelt Region of Western Australia, 210km northeast of Perth. The White Cloud Kaolin Project Scoping Study (the "Study" or the "Project") referred to in this ASX announcement and the accompanying Scoping Study Summary Report is conceptual in nature and has been undertaken to assess the potential for the development of the Project via the mining of a greenfield bright white kaolinised granite deposit and the construction of a hydrous kaolin processing plant located near Gabbin in the Wheatbelt Region of Western Australia, 210km northeast of Perth. The Study is based on the Mineral Resources that were announced by the Company on 25 March 2021¹. The Mineral Resources are located within the perimeter of land on which the Company has an access and compensation agreement, as well as granted exploration licences. The Study is preliminary in nature and, although based entirely on Indicated Mineral Resources, the overall deposit includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied that would enable them to be categorised as Ore Reserves. Mineral Resources are not Ore Reserves and do not have demonstrated economic viability. The Study includes a preliminary economic analysis based on a number of possible production targets ("Production Target") and assumptions on Modifying Factors and evaluation of other relevant factors estimated by a Competent Person to be at the level of a Scoping Study. The Study outcomes, Production Target and forecast financial information are based on information that is considered to be at a Scoping Study level. The information applied in the Study is insufficient to support the estimation of Ore Reserves. While each of the Modifying Factors was considered and applied to a level that is considered to be appropriate for a Scoping Study, there is no certainty of eventual conversion to Ore Reserves or that the Production Target will be realised. Further exploration and evaluation studies are required before the Company will be in a position to estimate any Ore Reserves or provide any assurance of an economic development case. Given the uncertainties involved, investors should not make any investment decisions based solely on the results of the Study. The Company has concluded that it has a reasonable basis for providing these forward-looking statements and the forecast financial information included in this ASX announcement and accompanying Study. This includes a reasonable basis to expect that it will be able to fund the development of the White Cloud Kaolin Project upon the successful delivery of key development milestones. The detailed reasons for these conclusions are outlined throughout the ASX announcement and accompanying Study. While the Company considers all of the material assumptions to be based on reasonable grounds, there is no certainty that they will prove to be correct or that the range of outcomes indicated by the Study will be achieved. There is no certainty that the Company will be able to source the required development funding estimated within the Study when required. The Company considers that there is a reasonable expectation that a project of this scale will be able to be funded with a combination of debt and equity. It is also possible that such funding may only be available on terms that may be dilutive to or otherwise affect the value of the Company's shares. Given the uncertainties involved, investors should not make any investment decisions based solely on the results of the Study. Announcement • May 21
Suvo Strategic Minerals Limited Announces Production Laboratory Results from Nova Are Beginning to Come to Hand Suvo Strategic Minerals Limited announced that production laboratory results from Nova are beginning to come to hand. These samples broadly repeat historical work and the last of the sighter test work has indicated that 17.8% of the silica sand reports to the silica flour size fraction. 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 169km2. 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. 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. 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, specific silica sand and yellow construction sand. A total of 33 samples were taken by hand auger across different sand types. After the completion of the sighter metallurgical tests a preliminary run of 22 production composite samples were completed at Nagrom to replicate the bench scale test work in the laboratory to ensure that the laboratory method could replicate the results. The analysis of these samples has now been completed and confirms that the method does replicate previous results. These samples were composited, and a particle size distribution was completed. The sample was then agglomerated and wet screened at +75m to remove the clay fraction from the sand fraction, and the fractions dried, weighed and a particle size distribution completed. The sand fraction was then subjected to heavy liquid separation and magnetic separation, before the final nonmagnetic product was then analysed by XRF. Nagrom production samples yielded 74.74% to the sand fraction while the previous sighter metallurgical tests yielded 73.7%, while not the same samples were processed this shows a good correlation. As does the SiO2 analyses of the sand fraction with Nagrom production samples averaging 98.78% (96.56-99.61) and the sighter metallurgical tests achieving 97.0% (94.48-99.31). Upcoming production samples will have the sand fraction sized into two different fractions +75m to -150m representing silica flour, and silica sand +150m -1000m. The remainder of the method will be the same. This will allow the quantification of various likely products from Nova. As reported previously test work was ongoing on the silica flour fractions in the Nova product designed by Dr. Ron Goldbery BSc (Hons App Sc), MSc (App Sc), PhD and Murray Lines BSc (Geol). Initially the size ranges from +45m to -75m was investigated to determine if significant product was deporting to the fraction and thus being lost in the sample analysis. Results indicate that on average only 2.46% of the product was reporting to this fraction. Upon consideration Suvo and its advisors are of the opinion that trying to design a full scale processing plant to capture this fine fraction would prove technically challenging and may possibly introduce unwanted deleterious elements. Further investigation of the +75m to -150m, which could be replicated at production scale, has indicated that approximately 17.8% of the silica product reports to the fraction. These fractional sizes will be replicated in upcoming Nagrom production analyses for the majority of the remaining samples. 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 well capping's in oil and gas drilling. 2021 Air Core Drilling: The 2021 air core drilling was fast tracked to twin several historical drill holes completed by previous explorers on Suvo exploration tenure to enable the inclusion of their data into the company exploration data set. Three drill holes (NVAC049, 050 and 051) were completed on one section line that complimented previously drilled holes on the same section. Samples from these drill holes will be added to the current phase of production samples being analysed at Nagrom. Announcement • Mar 11
Suvo Strategic Minerals Limited Provides Update on Drilling of Nova Silica Sand Project Suvo Strategic Minerals Limited announced that sighter laboratory results from the 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. 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. 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 to the cyclone and were around 3kg. The remaining sample was retained in a larger plastic bag and stored. 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. Announcement • Feb 16
Suvo Strategic Minerals Limited Completes Drilling At Pittong to Convert PERC Reserves, Resources to JORC 2012 Compliance Suvo Strategic Minerals Limited announced that the aircore drilling campaign at its 100% owned hydrous kaolin operations located 40km west of Ballarat has been completed successfully. The drilling campaign will assist in converting the current PERC (Pan-European Reserves & Resources Reporting Committee) reserves and resources into JORC compliant ones. Samples will be delivered to the Pittong plant where some will be processed to assist with standardisation of results. The remainder will be sent to accredited metallurgical laboratories for testing in Australia. The results will then be analysed by CSA Global who will compile the resource model and JORC compliant reserves and resources data. Once completed, this exercise will enable the Company to plan for future production targets by optimising mining methods from know kaolin reserves. Depending on the timing of laboratory results, it is expected that the JORC resource will be completed by the end of April. 56 holes were drilled at the Pittong mine and 14 holes at the Trawalla deposit using a Mantis 200 drill rig. The holes varied in depths of up to 30 meters. Announcement • Feb 08
Suvo Strategic Minerals Limited Announces Laboratory Results from Its Recently Completed Infill Drilling Program Suvo Strategic Minerals Limited announced that laboratory results from its recently completed infill drilling program have now been incorporated in an updated White Cloud Mineral Resource estimate completed by CSA Global Pty Ltd. (`CSA'). 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 for 392km2 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 crops. A mining access agreement is in place over the current resource area with the land 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. Infill resource definition drilling started in October 2020 saw the completion of 76 aircore drillholes for 1,608 metres of drilling within the previously defined Inferred Mineral Resource, with the aim of upgrading the resource classification. Most of the infill drillholes intersected bright white kaolinised granite starting between 2 and 6 metres below surface. Four holes stopped short due to impenetrable cemented caprock and will be completed at a later stage due to promising intersects. A total of 124 composite samples, including 11 field duplicates, were delivered to Nagrom Laboratories for testing. Nagrom analysed the samples and determined yield values via mass balance following sizing to <45m, ISO brightness values determined by reflectance meter and values for Al2O3, SiO2, Fe2O3, TiO2 and LOI by XRF. Announcement • Feb 02
Suvo Strategic Minerals Limited Announces Commencement of an Aircore Drilling Campaign at Pittong Suvo Strategic Minerals Limited announced that an aircore drilling campaign will begin at its 100% owned hydrous kaolin operations located 40km west of Ballarat. The drilling will be undertaken at the Pittong mine and at the Trawalla deposit. The Pittong mine has been in operation for 45 years delivering high quality kaolin products to customers globally. The drilling campaign will convert current PERC (Pan-European Reserves & Resources Reporting Committee) reserves and resources into JORC compliant ones. A total of 52 drillholes will be completed in the program: 40 holes at Pittong and 12 holes at Trawalla. Holes are expected to terminate at around 30m from surface.
Part of the drilling campaign will comprise step-out drilling to the south of the existing Pittong pit where mineralization is open. This step out drilling will be undertaken with the objective of expanding known kaolin reserves.
Samples will be delivered to the Pittong plant where some will be processed to assist with standardization of results. The remainder will be delivered to accredited metallurgical laboratories for testing in Australia. The drilling campaign and the associated metallurgical laboratory testing are expected to be completed in March with results due in April. The results will be analyzed by CSA Global who will compile the resource model and JORC compliant reserves and resources data. Once completed, this exercise will enable the Company to plan for future production increases by optimizing mining methods and improving processing and production from know kaolin reserves. Announcement • Jan 14
Suvo Strategic Minerals Limited Announces Appointment of Eileen Hao as General Manager - Global Sales, Marketing and Business Development Suvo Strategic Minerals Limited announced that it has appointed Eileen Hao as General Manager - Global Sales, Marketing and Business Development. Eileen will provide Suvo with exclusive kaolin related expertise and services globally. Eileen has over 25 years' global technical, commercial and business development experience in industrial minerals having worked for English China Clay International and Imerys in a number of senior roles throughout China and the rest of the world. Eileen has successfully participated and lead a number of projects including acquisitions, greenfield projects and sales and marketing for products covering fillers and pigments, ceramic minerals, performance minerals and refractories. Eileen's primary objectives at Suvo will be to secure offtake agreements for the company's 100% owned White Cloud kaolin project located in Gabbin, Western Australia, and to increase sales and customer base for the recently acquired Pittong hydrous kaolin operations located 40km west of Ballarat in Victoria. Announcement • Dec 31
Suvo Strategic Minerals Limited (ASX:UTR) completed the acquisition of Mircal Australia Pty Ltd from Mircal S.A. Suvo Strategic Minerals Limited (ASX:UTR) entered into binding agreement to acquire Mircal Australia Pty Ltd from Mircal S.A. for AUD 2 million on November 20, 2020. The consideration will be subject to adjustment pending the audit of the Mircal Australia Pty Ltd’s consolidated financial statements for the year ended December 31, 2020. Suvo Strategic Minerals Limited will also replace AUD 1.85 million in environmental rehabilitation bonds that are currently supported by the Imerys Group. The transaction will be financed from the proceeds of placement made to raise AUD 6 million. The transaction is subject to shareholder approval that will be sought at an extraordinary general meeting (EGM) scheduled for mid to late December 2020. Suvo Strategic Minerals Limited have completed the due diligence for the transaction. Completion is expected to occur on or around December 31, 2020. HWL Ebsworth Lawyers acted as legal advisor for Suvo Strategic Minerals. Mark Burger, James McCarthy, Rick Catanzariti, Fleur Gibbons, Nicole Breschkin, Alexander Samson, Elizabeth Cole, Valiant Warzecha, Arthur Chong, Sarah Dressler, Laurent Massinon, Christina Nickel, Davina Khoo and Dylan Somers of DLA Piper France LLP acted as a legal advisor to Imerys, a parent company of Mircal S.A.
Suvo Strategic Minerals Limited (ASX:UTR) completed the acquisition of Mircal Australia Pty Ltd from Mircal S.A. on December 31, 2020. Announcement • Dec 10
Suvo Strategic Minerals Limited Announces Drilling Program Commences at White Knight Kaolin Project Suvo Strategic Minerals Limited announced that it has commenced stepped-out air-core drilling program at their 100% owned White Knight Kaolin project 210km east of Perth, Western Australia. The drilling aims to increase the size of its maiden inferred JORC resource of 31.5mt of bright white kaolinised granite. The Company's resource identification program will focus on the area to the south of the main mining access area and will include up to 1,000m of air-core drilling over approximately 34 holes at depths of up to 30 meters. Additional bulk samples of product will be collected from particular areas of interest and sent to the United Kingdom for specific metallurgical test work the results of which will further define end-user specifications, grades and quality. The Company will provide further updates once drilling has been completed. Further details in respect to the maiden JORC Inferred Resource and the exploration results underpinning it, are set out in the Company's prospectus dated 25 June 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. Announcement • Nov 25
Suvo Strategic Minerals Limited (ASX:UTR) entered into binding agreement to acquire Mircal Australia Pty Ltd for AUD 2 million. Suvo Strategic Minerals Limited (ASX:UTR) entered into binding agreement to acquire Mircal Australia Pty Ltd for AUD 2 million on November 20, 2020. The consideration will be subject to adjustment pending the audit of the Mircal Australia Pty Ltd’s consolidated financial statements for the year ended December 31, 2020. Suvo Strategic Minerals Limited will also replace AUD 1.85 million in environmental rehabilitation bonds that are currently supported by the Imerys Group. The transaction will be financed from the proceeds of placement made to raise AUD 6 million. The transaction is subject to shareholder approval that will be sought at an extraordinary general meeting (EGM) scheduled for mid to late December 2020. Suvo Strategic Minerals Limited have completed the due diligence for the transaction. Completion is expected to occur on or around December 31, 2020. Announcement • Nov 24
Suvo Strategic Minerals Limited announced that it expects to receive AUD 6 million in funding Suvo Strategic Minerals Limited (ASX:UTR) announced a private placement of 60,000,000 common shares at a price of AUD 0.10 per share for gross proceeds of AUD 6,000,000 on November 23, 2020. The transaction included participation from institutional, sophisticated and professional investors. The transaction is subject to approval at its shareholders at its extraordinary general geeting scheduled for mid to late December 2020. The transaction is expected to close December 23, 2020. Announcement • Nov 05
Suvo Strategic Minerals Limited Announces Completion of its Drilling Program at White Knight Kaolin Project in Perth, Western Australia Suvo Strategic Minerals Limited announced the completion of its upgraded resource air-core drilling program at their 100% owned White Knight Kaolin project 210km east of Perth, Western Australia. The program aims to move its maiden inferred JORC resource of 31.5mt of bright white kaolinised granite to an indicated and/or measured category. The drilling program, occurring within the Mining Access Agreement area, included 61 holes of air-core drilling for approximately 1,550m in depth. White kaolinised granite was present in every hole with some holes up to 30m in depth. At the completion of the infill and step-out drilling programs, additional bulk samples of product will be sent to the United Kingdom for specified metallurgical test work, the results of which will further define end-user specifications, grades and quality, assist the company's engineers with feasibility studies and allow negotiations to commence to secure potential off-take agreements. Concurrently, end users will be sent processed samples for their own internal evaluation. The company will provide further updates on the next drilling campaign and completion of the test work being carried out by Nagrom Laboratories. Further details in respect to the maiden JORC Inferred Resource and the exploration results underpinning it, are set out in the company's prospectus dated June 25, 2020. The company confirms that it is not aware of any new information or data that materially affects the exploration results set out in the company's prospectus dated June 25, 2020 and all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. Announcement • Oct 12
Suvo Strategic Minerals Limited Announces Air-Core Drilling Program Commences At White Knight Kaolin Project Suvo Strategic Minerals Limited announce that a 2,000m air-core drilling program has commenced at their 100% owned White Knight Kaolin project 210km east of Perth, Western Australia. The program aims to move its maiden inferred JORC resource of 31.5mt of bright white kaolinized granite to an indicated and/or measured category. The program will include up to 2,000m of air-core drilling over approximately 150 holes at depths of up to 30 meters. The program is expected to take approximately 2 weeks to complete with initial samples sent for mineral assay laboratory testing. At the completion of the infill and step-out drilling programs, additional bulk samples of product will be sent to the United Kingdom for specified metallurgical test work, the results of which will further define end-user specifications, grades and quality, assist engineers with feasibility studies and allow negotiations to commence to secure potential off-take agreements. Concurrently, end users will be sent processed samples for their own internal evaluation. Announcement • Oct 05
Suvo Strategic Minerals Limited Secures Mining Access Agreement At Flagship White Knight Kaolin Project Suvo Strategic Minerals Limited announced that it has executed a mining access agreement with the private land owner and occupier of the tenement that contains its maiden Inferred JORC Resource of 31.5mt of bright white kaolinized granite at its 100% owned White Knight Kaolin Project in Gabbin, Western Australia. Drilling contractors and associated support personnel are scheduled, and the drilling campaign will commence shortly. The purpose of the drilling program is to determine a JORC Compliant Measured Mining Reserve which is expected to be completed in December 2020. Bulk samples of raw product will be sent to the United Kingdom for further metallurgical test work, the results of which will further define end-user specifications and potential product pricing. Environmental studies, in parallel with economic feasibility studies, will commence immediately. The environmental studies will underpin the application for a mining licence whilst the feasibility study will focus on the economics and infrastructure requirements to build a wet processing and beneficiation plant. Concurrently, end users will be sent processed samples with the objective of securing off-take agreements. The commercial terms of the land access agreement consist of an indexed royalty of AUD 2.00 per tonne of product sold preceded by an annual access payment of AUD 50,000 until the commencement of productive mining operations. 
