- Suvo Strategic Minerals (SUV) has signed a mining access agreement at its White Knight Kaolin Project as the company looks to expand its kaolinized granite resource
- The deal was made with the landowners and occupiers of the tenement, which hosts a maiden JORC-compliant inferred resource of 31.5 million tonnes of bright white kaolinized granite
- Drilling work is expected to begin shortly, the results of which will be used to determine an upgraded resource estimate
- Samples will be sent to the United Kingdom for metallurgical test work, and to potential end-users with the aim of securing off-take agreements
- Early last week, two companies linked to Suvo released financial reports for FY20
- Both businesses, which are linked to the ASX-lister's Nova Silica Sands Project and the White Knight Kaolin Project, reported a profit during the financial year
- Shares in Suvo Strategic Minerals (SUV) were suspended on Friday last week, and last traded at a price of 6.4 cents per share
Read the full article on The Market Herald here: https://themarketherald.com.au/suvo-strategic-minerals-asxsuv-signs-mining-access-deal-ahead-of-drilling-at-white-knight-2020-09-29/
