SUV 5.36% 5.3¢ suvo strategic minerals limited

Ann: Suvo Executes Non-Binding MOU with Dowsing Group, page-10

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    I hadn't heard of Dowsing Group previously Chris, but just read that they acquired Seovic Civil Engineering in 2020. Seovic was the premier concrete slipformer in NSW by the length of the straight from at least the 1990's. Can only assume Dowsing are carrying on the good work - I note they worked on the Rozelle Interchange for Westconnex.

    • The purpose of the MOU is to collaborate in good faith in progressing and negotiating a strategic partnership agreement to exploit Suvo’s licensed intellectual property, a low carbon geopolymer concrete plant and formulations.
    • The intention of the agreement is for Suvo and Dowsing to work together to develop a low carbon concrete for deployment in various end use applications.

    Great that Dowsing is interested in working with SUVO to develop a mix that suits their slipformers (a bespoke concrete mix). If that succeeds I imagine Dowsing would require the batch plant to carry SUVO's additive (if it's as simple as that).

    The most intriguing statement is that which I have highlighted in blue above
 
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