Suvo Strategic Minerals (ASX:SUV) - COO & CFO, Len Troncone
COO & CFO, Len Troncone
Source: Pitt Street Research
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  • Suvo Strategic Minerals (SUV) is posting its maiden Mineral Resource Estimate for its Trawalla Deposit at the Pittong Operation in Victoria
  • SUV converted Trawalla’s historic resource to a JORC compliant total indicated and inferred mineral resource of 12.7 million tonnes of kaolinised granite
  • The new resource represents a 20 per cent increase in kaolin product from the historic measurement and highlights Trawalla’s halloysite potential
  • SUV is planning to release a maiden Mineral Resource Estimate for the wider Pittong project in the coming weeks
  • Suvo Strategic Minerals shares were trading steady at 15 cents each at the close of market on Wednesday.

Suvo Strategic Minerals (SUV) has posted its maiden Mineral Resource Estimate for its Trawalla Deposit at the Pittong Operation in Victoria.

Trawalla’s total indicated and inferred mineral resource sits at 12.7 million tonnes of kaolinised granite, yielding 3.5Mt of bright white kaolin with ISO Brightness of 80.8 and bleached ISO Brightness of 83.7.

The new resource estimate comes after SUV converted the deposit’s historical resources from Pan European Reporting Code 2001 to JORC 2012.

The kaolin producer said the conversion had resulted in a 20 per cent increase in kaolin product from the historic measurement.

Suvo’s Executive Chairman Robert Martin explained it also highlighted the deposit’s halloysite-kaolin potential.

“The conversion of the Trawalla Mineral Resource Estimate to JORC compliance is an important milestone in the development of a larger multi-decade operation at Pittong,” Mr Martin said.

“The occurrence of halloysite isbtruly encouraging as it opens large traditional markets not currently addressed by Pittong, allowing immediate entry to newly emerging sectors for halloysite-kaolin including battery and nano technologies.”

SUV’s Trawalla Deposit lies around 23 kilometres from Pittong’s operation facilities and is considered mining ready with a work plan in place.

The kaolin producer is planning to release a maiden Mineral Resource Estimate for the wider Pittong project in the coming weeks.

Suvo Strategic Minerals shares were trading steady at 15 cents each at the close of market on Wednesday.

SUV by the numbers
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