Welcome to Suvo Strategic Minerals’ latest shareholder update. It has been an active month as we continue to progress projects on several fronts.
On the 26th of July, we were pleased to announce the successful renewal of our Pittong mining licence. The approval extends our operational licence to December 2045 and is a significant milestone supporting the growth plans for our Pittong operation.
This announcement follows our maiden 2012 JORC guidelines mineral resource estimate of 3.74 million tonnes of kaolinized granite at Pittong, which signifies the potential for a multidecade mine life. This approval will support our ongoing capital investment into the operations at Pittong and enables us to continue playing a key part in the local community for years to come.
This renewal is especially relevant to our upcoming recognition of Pittong’s 50th year in operation, due to be reached this coming October. We are looking forward to sharing more news in due course on our preparation to celebrate this historical milestone.
At the end of July, we announced our latest Quarterly Activities Report outlining some of our key operational progress, cooperation agreements and industry partnership outcomes.
This quarter saw significant progress in our research and development trails to expand the conversion of kaolin into value-adding metakaolin and high reactivity metakaolin (HRM). The Gabbin trial results provided additional positive outcomes, signifying HRM product quality that is equivalent or superior to other metakaolin products currently available.
In addition to this, our Curtin University trials and results are nearing completion, further progressing our strategic focus on green cement. The study explores the potential for kaolin to be used as a pozzolan for creating green cement. The investigations and trials will also further define the commercial opportunity this presents and outline the technical benefits that HRM can provide. Our team will update the market once the report has been finalised.
Stay tuned to our communication channels as we look to roll out more updates through the current quarter.