For personal use only
1 March 2022
ASX ANNOUNCEMENT
Pittong Maiden Mineral Resource
Estimate
- Mineral Resource estimate completed at Suvo's Pittong mining operation and reported in accordance with the 2012 JORC guidelines
- 3.74Mt Indicated and 1.97Mt Inferred Mineral Resource of kaolinized granite
- Total Indicated and Inferred Mineral Resource of 5.69Mt of kaolinized granite, yielding 1.97Mt of <45μm bright white kaolin with ISO Brightness 80.51 and bleached ISO Brightness of 83.61
- The Pittong mine is 100% owned by Kaolin Australia Pty Ltd, a subsidiary of Suvo Strategic Minerals Limited located less than 2km from the Pittong processing facilities
- Pittong currently produces ~25ktpa of refined kaolin products annually
- Suvo's Trawalla deposit holds a further total Indicated and Inferred Mineral Resource of 12.7Mt kaolinised granite, yielding 3.5Mt of <45μm bright white kaolin with ISO Brightness 80.8 and bleached
ISO Brightness 83.7
Resource Estimate" 22 September 2021)
SUVO STRATEGIC MINERALS LIMITED
ABN: 97 140 316 463
CORPORATE DETAILS:
ASX: SUV
DIRECTORS:
Robert Martin
Executive Chairman
Aaron Banks
Executive Director
Dr Ian Wilson
Non-Executive Director
CONTACT DETAILS:
Level 11
40 The Esplanade Perth, Western Australia 6000
- +61 (8) 9389 4495 E info@suvo.com.au W www.suvo.com.au
suvo.com.au
For personal use only
1 March 2022
ASX ANNOUNCEMENT
Australian kaolin producer and silica sand exploration company, Suvo Strategic Minerals Limited ('Suvo or the Company'), is pleased to announce that the conversion of the Pittong Mine historical Resource from Pan European Reporting code (PERC) to JORC 2012 compliance has now been completed. The Company currently produces ~25,000tpa of refined kaolin products from its Pittong deposit through its hydrous processing facilities located approximately 1.8km from the Pittong mine site.
Commenting on the results, Suvo's Executive Chairman, Robert Martin said "the conversion of the Pittong mine from PERC to JORC 2012 compliance is a very important milestone in the company's development, which will support the company's asset revitalisation and plans to increase mining and plant output. The Resource allows us to fast track our future development strategies as these results provide certainty around our life of mine. We are also reviewing our Trawalla deposit which holds a further 12.7Mt of kaolinized granite and how this can be incorporated into these strategies"
The release of this announcement has been approved by the Board of Directors.
Contacts: | |
Robert Martin | Aaron Banks |
Executive Chairman | Executive Director |
E: robert.martin@suvo.com.au | E: aaron.banks@suvo.com.au |
Company Profile
Suvo Strategic Minerals Limited is an Australian hydrous kaolin producer and exploration company listed on the Australian Securities Exchange (ASX:SUV). Suvo is focused on production at, and redevelopment of, their 100% owned Pittong hydrous kaolin operation located 40km west of Ballarat in Victoria. Suvo's exploration focus is on their 100% owned White Cloud Kaolin Project located adjacent to Gabbin in the Central Wheat Belt, and the 100% owned Nova Silica Sands Project located in the Gin Gin Scarp near Eneabba, both situated in Western Australia.
Pittong Operations
The 100% owned Pittong Operations, located in Victoria 40km west of Ballarat, is the sole wet kaolin mine and processing plant in Australia and has been in operation since 1972. Pittong comprises the Pittong, Trawalla and Lal Lal deposits located on approved Mining Licences MIN5408, MIN5365 and MIN5409 respectively.
At Pittong mining contractors deliver crude kaolin ore to stockpiles from the two currently operating mines, Pittong and Lal Lal. The plant takes its feedstock from the ROM and it is processed into four separate products for end users. These products are 10% moisture lump, high solids slurry, 1% moisture powder and 1% moisture pulverised powder. The solids slurry is used in paper and board manufacturing. The other products are used in paper, coatings, paint and specialist industries including rubber and pharmaceutical applications. Around 20-25kt per annum is supplied to various end users.
Competent Person's Statement
The information in this report that relates to Mineral Resources at Trawalla, is based on, and fairly reflects, information compiled by Dr Ian Wilson who is the Overall Competent Person and who is a member of IOM3, a Recognised Professional Organisation. Dr Ian Wilson has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Dr Ian Wilson is a full-time employee of Ian Wilson Consultancy Ltd and also a Non-Executive Director of Suvo Strategic Minerals Limited. Dr Ian Wilson receives board fees in relation to his directorship. Dr Ian Wilson consents to the inclusion of the information in the release in the form and context in which it appears.
suvo.com.au
For personal use only
1 March 2022
ASX ANNOUNCEMENT
No New Information
Except where explicitly stated, this announcement contains references to prior exploration results and Mineral Resource estimates, all of which have been cross-referenced to previous market announcements made by the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the results and/or estimates in the relevant market announcement continue to apply and have not materially changed.
The White Cloud Kaolin Project
The 100% owned White Cloud Project is located 215km northeast of Perth, Western Australia. The project area comprises four granted exploration licences (E70/5039, E70/5332, E70/5333, E70/5517) for 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 White Cloud are primarily Archaean granite, gneiss, and migmatite. These rocks are overlain and obscured by Tertiary sand and Quaternary sheetwash. The weathering profile is very deep and contains thick kaolin horizons capped by mottled clays or laterite zones. The current JORC 2012 Mineral Resources are 72.5Mt of bright white kaolinised granite with an ISO Brightness of 80.5%, <45m yield of 41.2% results in 29.9Mt of contained kaolin.
Nova Silica Sands Project
The 100% owned Nova Silica Sands Project is located 300km north of Perth, Western Australia. The project comprises four granted exploration licences (E70/5001, E70/5322, E70/5323, E70/5324) for 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.
Forward looking statements
Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "continue", and "guidance", or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.
Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.
Forward looking statements are based on the Company and its management's good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company's business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company's business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company's control.
Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.
suvo.com.au
For personal use only
MINERAL RESOURCE ESTIMATE
Pittong Kaolin Project
Report Nº R143.2022
15 February 2022
SUVO STRATEGIC MINERALS
PITTONG KAOLIN PROJECT - MINERAL RESOURCE ESTIMATE
For personal use only
Prepared for
Client Name | Suvo Strategic Minerals |
Project Name/Job Code | SUVMRE02 |
Contact Name | Marty Helean |
Contact Title | General Manager Mining & Geology |
Office Address | Level 11, 40 The Esplanade, Perth WA 6000 |
Report issued by
CSA Global Pty Ltd
Level 2, 3 Ord Street, West Perth, WA 6005 AUSTRALIA
PO Box 141, West Perth, WA 6872 AUSTRALIA
CSA Global Office T +61 8 9355 1677
F +61 8 9355 1977
Email: csaaus@csaglobal.com
Division: Resources
Report Information
Filename | R143.2022 SUVMRE02 Suvo Pittong MRE - Final.docx |
Last Edited | 1/03/2022 12:49:00 AM |
Report Status | Final |
Author and Reviewer Signatures
Coordinating | Serikjan Urbisinov | |
BSc Geology, BSc Computer | ||
Author | ||
Science, MAIG | ||
Contributing | Ian Wilson | |
Author | PhD (Geology), MIMMM | |
Contributing | Andrew Scogings | |
PhD (Geology), MAIG, RP Geo | ||
Author | ||
(Industrial Minerals) | ||
Peer Reviewer | David Williams | |
B.Sc. (Hons), MAIG, | ||
(Report) | ||
MAusIMM | ||
Approved by | Aaron Meakin | |
CSA Global | ||
Manager - Resources | ||
Representative | ||
© Copyright 2022
CSA Global Report Nº R143.2022 | I |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Suvo Strategic Minerals Ltd. published this content on 01 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2022 03:27:02 UTC.