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
IMO its definitely nothing to do with diversification, more like...
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Last
6.8¢ |
Change
-0.001(1.45%) |
Mkt cap ! $129.7M | |||
| Open | High | Low | Value | Volume |
| 7.0¢ | 7.0¢ | 6.8¢ | $12.51K | 182.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 103297 | 6.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 229328 | 3 |
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| Last trade - 10.01am 22/07/2025 (20 minute delay) ? |
| ZEO (ASX) Chart |