Alles anzeigen- Suvo Strategic Minerals (SUV) reported an increase in production from its Pittong kaolin operations in Victoria during the fourth quarter of FY21
- SUV says production rose by 10 per cent quarter on quarter at Pittong, with a total of 6544 tonnes of refined kaolin products produced
- The operation generated $778,000 of earnings before interest, taxes, depreciation, and amortisation (EBITDA) with more sales in the pipeline
- SUV also released its scoping study for White Knight Kaolin Project during Q4 and ended the period with $4.98 million cash on hand
- Company shares are trading steady at 16 cents per share
[Blockierte Grafik: https://stockhead.com.au/wp-co…superJumbo67-1024x576.jpg]http://themarketherald.com.au/suvo-strategic-minerals-asxsuv-increases-production-over-q4-fy21-2021-07-30/
http://stockhead.com.au/resources/suvos-pittong-kaolin-operation-is-proving-to-be-a-tasty-prize/
Quartal Aktivitäten report
- Suvo’s Pittong Operations generated EBITDA of $778,000 for the June quarter following on from the March quarter results of $723,000
- Production increased 10% for the quarter to6,544t of refined kaolin products with sales of 6,522t
- Significant plant upgrade evaluation completed during the quarter, decision to proceed expected next quarter
- Pittong sales pipeline is strong well into CY2022
- White Cloud Kaolin Scoping Study released showing strong project economics with initial pre-tax NPV of A$705M, IRR of 113%, LOM revenue of A$3.6B and LOM EBITDA of A$2.3B
- Final Sighter Testwork from Nova confirmed that 17.8% of the silica product reports to the highvalue silica flour size range
- Nova Silica Sand, Pittong and Trawalla Maiden JORC resource estimates due in the first quarter FY2022
- HPA testing on White Cloud ore nearing completion
- Cash on hand of $4.985M at 30 June 2021
http://www.investi.com.au/api/announcements/suv/ae6a7ca7-05f.pdf