SUV - Suvo Strategic Minerals

[System]

On December 13th, 2016, Lithex Resources Limited (LTX) changed its name and ASX code to Ultracharge Limited (UTR).

 

[greggles]

Ultracharge Limited seeing a little kick along this month, almost doubling in price since mid-January. It is currently up around 15% today.

UTR is in the lithium ion battery technology business and has recently entered into a Memorandum of Understanding with Sinochem Lantian Co. Ltd for the development and production of its newly-acquired electrolyte intellectual property. The company claims that this IP will enable the production of a superior electrolyte salt (LiFSI salt) which can increase battery lifespan and performance. Sinochem Lantian is one
of the few companies in the world which has the capacity to produce LiFSI salt.

Ultracharge recently raised $2.5 million by a placement of 125,000,000 fully-paid ordinary shares at a share price of 2c which will be used to expedite research programs and pursue new opportunities.

One to watch.

 

[System]

On August 5th, 2020, Ultracharge Limited (UTR) changed its name and ASX code to Suvo Strategic Minerals Limited (SUV).

 

[Dona Ferentes]

Suvo Strategic Minerals Limited (SUV) is a dual commodity Australian mining company listed on the Australian Stock Exchange focused on

• the development of their 100% owned White Knight Kaolin Project located in the Yilgarn Craton in the central wheat belt, WA, and
• their 100% owned Nova Silica Project located in the Gin Gin Scarp near the township of Eneabba, in Western Australia.

An infill drilling program at White Cloud, approx 250km from Perth in WA, has shown excellent consistency within the deposit, which is important to any prospective mining operation. It also increased confidence in the resource estimate, moving the majority of tonnes from Inferred (12.8mt) into Indicated (26.7mt).

ISO brightness increased marginally to 80.7 per cent while the the yield increased 9 per cent to 41.6 per cent which results in a 22 per cent increase in contained kaolin to 16.4 million tonnes.

The completion of this resource estimate allows the project prefeasibility study to continue unabated, Suvo exec chairman Robert Martin says.

"The upgraded classification of Indicated Resources at White Cloud is the next step in our steady progression towards commencing operations at Gabbin", he says. "We can now progress and finalise potential off-take agreements and work with our laboratories to determine the most economical and profitable product mix we can derive from the resource and feed this information to our engineers to evaluate optimum design and economic outcomes."

The deposit is ~3.5km from the town of Gabbin, its railway siding and associate infrastructure, which is the subject of an agreement between Suvo and CBH Group.

Since listing last Aug: daily chart

 

[apoenzyme]

Liking the upward movement trend

 

[apoenzyme]

https://www.investi.com.au/api/announcements/suv/8667c5de-fda.pdf

Australian kaolin producer and silica sand exploration company, Suvo Strategic Minerals Limited (‘Suvo or the Company’), is pleased to announce that production laboratory results from Nova are beginning to come to hand. These samples broadly repeat historical work and the last of the sighter test work has indicated that 17.8% of the silica sand reports to the silica flour size fraction.

BLTAH

A

 

[apoenzyme]

SUV has gone into a Trading Halt pending a company announcement before or on Thursday 27/5/21.

A

GLTAH

 

[apoenzyme]

SUV has made an announcement about their 100% owned White Cloud Kaolin Project this morning.

Shares initially jumped to 24.5c/share (up 22.5%). At time of writing they have dropped back to 23c/share (up 15%)

GLYAH

A

 

[apoenzyme]

Finished today @ 24c/share.

GLTAH

A

 

[Dona Ferentes]

Executive and Board Transition to Support Suvo's Expansion

lipstick

 

[Dona Ferentes]

CALIX AND SUVO ENTER INTO AGREEMENT

HIGHLIGHTS

• Suvo enters into a Materials Transfer Agreement with ASX-listed Calix Limited (ASX:CXL)
• Calix to assist Suvo in accelerating its metakaolin green cement supply initiative from Pittong
• Under the Company’s newly formed Continuous Improvement Program, it identified Calix had successfully produced 20 tonnes of metakaolin from Pittong clay obtained from the mine’s previous Imerys ownership
• The Calix engagement will assist identifying high value metakaolin end products and off takers
• The Company could potentially enjoy first mover advantage as it is the only commercial scale operating kaolin mine in Australia and only hydrous kaolin producer in the country
• Cement production estimated to contribute 8% of global CO2 emissions - the equivalent to the global car fleet
• Metakaolin has the potential to reduce carbon intensity of cement by up to 40%
• The Green Cement market estimated at USD$27.2 billion

neither company have it as Market Sensitive.

 

[Dona Ferentes]

And trying to get a commercial use for their product, linking with a graphite/ graphene outfit.

• First Graphene (FGR) and Suvo Strategic Minerals sign joint development agreement to produce graphene-enhanced metakaolin solutions for cement and concrete products
• Aim to develop superior performing, low CO2 emission solutions
• Offers further potential to develop commercial solutions that help the construction sector pursue major emission reduction targets