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17.9% 3.3¢ zeotech limited

Zeotech (ASX:ZEO) adds Toondoon Kaolin Project to portfolio

  1. TheMarketOnline
    7,738 Posts.
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    23/08/21
    15:26
    Post #: 55502555
    • Zeotech (ZEO) is set to acquire the 28,000-hectare Toondoon Kaolin Project in Queensland in a deal valued at up to $2.6 million
    • ZEO says the acquisition will grant it access to one of Australia's highest-grade kaolin deposits
    • As consideration for the buy, Zeotech will issue 37 million fully paid ordinary shares at $0.07 per share to Kalotech
    • The company affirms the project bears near term cashflow potential, citing the presence of "one million tonnes of near-surface high-grade raw ore"

    Read the Full Article on The Market Herald here
    ZEO Price at posting: 8.7¢ Sentiment: None Disclosure: Not Held
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