“We are excited to build on the already strong community relationships here and ensure that the funds raised through the recently completed fundraiser are put to good use, having a direct correlation to the bottom line” – Henk Ludik.
Suvo Strategic Minerals Ltd (ASX:SUV) sends non-executive chairman Henk Ludik to conduct a site visit to its wholly owned waterborne Pittong kaolin plant in Victoria.
The visit will allow Ludik to familiarize himself with the Pittong operation and meet the team overseeing the expansion of the now fully funded plant.
It comes just a week after the Australian kaolin producer and silica sand exploration company began a management and board transition to facilitate its expansion plans, as well as the recent capital raise of $7.5 million, with funding to accelerate the expansion of the Pittong plant.
Read: Suvo Strategic Minerals Unveils Executive and Board Transition to Support Expansion Plans
“It’s great to be able to come here and get a first-hand look at the Pittong plant,” said Ludik.
“We are excited to build on the already strong community relationships here and ensure the funds raised through the recently completed fundraiser are put to good use, having a direct correlation to the bottom line.”
Work in Pittong has begun
Work on accelerating the capacity expansion of the Pittong Hydrated Kaolin Plant to ~60,000 tonnes per year from ~25,000 tonnes has commenced.
Visit of the existing press beds which currently produce ~25,000 tons per year.
As Australia’s only hydrous kaolin producer, the capacity expansion will be carried out in parallel with current production and will not impact existing operations.
The commissioning of the new facilities should be completed in early 2023.