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