An announcement from Zeotech Limited ( (AU:ZEO) ) is now available.
Zeotech Limited has executed a non-binding Memorandum of Understanding with Jiangsu Mineral Sources International Trading Co, Limited (MSI), a leading independent bulk raw material trading company. This MOU sets the stage for potential agreements for the distribution of Zeotech’s kaolin and bauxitic clay products, with MSI potentially purchasing significant quantities over five years. This development could enhance Zeotech’s mining economics by providing a new revenue stream from bauxitic clay, which was previously considered overburden. The agreement also supports the company’s Toondoon Kaolin Project, which is strategically positioned near the Port of Bundaberg for efficient export operations.
More about Zeotech Limited
Zeotech Limited is an emerging mineral processing technology company focused on the development and commercialization of high-purity kaolin and bauxitic clay products. The company is involved in the mining and processing of low-iron kaolin, pink cosmetic grade kaolin, and bauxitic clay, primarily targeting the bulk raw material market.
YTD Price Performance: 100%
Average Trading Volume: 1,735,818
Technical Sentiment Signal: Sell
Current Market Cap: A$159.6M
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