Nearly 6mil left enough for 12 Q , a bit slow but solid, huge potential . No news for a while but looks good Highlights • Zeotech commits to the development and construction of a dual-feed pilot plant, capable of using kaolin and Li Process Residue, as feed types to produce commercial grade synthetic zeolite. • The decision to include Li Process Residue into the current program is driven by the potential to validate promising process economics delivered during lab-scale studies undertaken in the second half of 2020. The objective is to accelerate potential licencing opportunities within the growing lithium refinery sector. • The dual-feed pilot plant research program will be supported by researchers from The University of Queensland’s School of Chemical Engineering (“UQ”), which have synthesised commercial grade 4A and 3A molecular sieve zeolite under ZEO’s patent pending conditions, with lab-scale results delivering promising process economics utilising Li Process Residue as feed (refer image overleaf). • The Company’s dual-feed pilot plant program is fully funded, with capital on hand ensuring the ability to meet a range of initiatives planned for 2021/22, including expansion of synthetic zeolite carbon capture and conversion program. • The program will further optimise the flowsheet of the Company’s low-cost synthetic zeolite manufacturing technology to de-risk future commercial investment, attract offtake partners and support potential licensing opportunities
ZEO Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
