Perth-based Suvo Strategic Minerals Limited is eying pre-feasibility on its $3.6 billion kaolin project after whetting appetites with samples of bright white kaolinite from its White Knight project in Western Australia’s Wheatbelt.
As the samples landed at the doorstep of high end-users, the company eagerly awaits results on progressive high-purity alumina test work amidst rapidly progressing due diligence and public consultation in advance of completing a highly anticipated pre-feasibility study on the project.
The company is not only targeting demand from the paper and ceramics industry which favours high-brightness kaolin products but also for use by the petroleum and cosmetics industry, and potentially the manufacture of synthetic sapphires and lithium-ion battery products.
“The preparation and dispatch of metallurgical samples to our current and potential customers is an important milestone in the White Cloud development,” executive chairman Robert Martin said.
“These commercial relationships, based on trust and delivery, are crucial for product development and ultimately project success.
“We look forward to commencing our PFS whilst continuing to fast-track work on our mining license applications”.
The company’s Australian Stock Exchange-listed shares opened today, trading at 15c (12:07 pegm GMT+ 8 hours).