Zeotech (ASX:ZEO) adds Toondoon Kaolin Project to portfolio, page-8

IMO its definitely nothing to do with diversification, more like speeding up time to zeolite production big-time IMO

Kaolin is the key feed-stock to produce synthetic zeolites – so the announcement tabled (below) this is actually a huge step forward for the company. Shareholders would be waiting 3-5 years to get a mining licence approved on the Abercorn EPM and the Alumina (Al₂O₃) grades there are circa 30% after sizing to -20 micron (so the cost of feed I think is something that would have played a major part…)

Its just looks like the kaolin at Toondoon is extremely high-grade (so good) ZEO can’t pass up the opportunity to generate some quick DSO revenue – which is music to my ears, as cashflow is king and if ZEO can achieve with no capex ie DSO operation it’s a win-win for shareholders