✦ Robert Martin, Executive Chair of Suvo Strategic Minerals Limited (ASX: SUV), talks about positioning the company as a Tier 1 Industrial Minerals Miner.
The Nova silica sand project has 216Mt Inferred Mineral Resource comprising silica glass sand, silica flour and coarse silica sand from approximately 15% of their granted tenure. It will allow the development of various products for a wide range of both domestic and international markets.
Suvo is now taking the step to mining Silica Sands - the missing link in the company's strategy.
Interestingly enough, the company has had this asset since their IPO but they have not made a move on it till now.
Mr. Martin wants to build mines. Yes, you read that right. And that involves creating a Tier 1 Industrial Minerals Mining machine. He has built a profitable mining services company, so this is exciting news he is revealing.
Suvo's shareholders are going to benefit from their Silica story. Their natural silica flour is one that will add significant value to the company and give it that market value that is unique to the Nova Silica Project. There are clear signs that many are eager and interested in the Silica Project, as can be shown by the daily calls the company is receiving about it.
The industries and applications that this project will serve include:
Glass Making (Float, Containers, Architectural, Thin Film)
Metal Casting (Automobile Parts)
Oil / Gas Well Stimulation (Frac sand / proppant)
Paint and Coatings (Brightness and Durability)
Chemical Production (Silica Gels)
Construction Sand (Concrete)
Filtration (Water Production)
Recreational (Inert growing media, Golf Bunkers, Beaches)
Noel Ong, CEO of Samso often says that exploration is a marathon and you need both luck and science. What we need to bear in mind about the Nova Silica project is it is not like finding gold or nickel or copper. Silica is more like iron ore, coal, and clay.
What this means is, once you have discovered a presence, the chances of finding a resource is very high. This is the reason when companies resource coal, their drill spacing does not need to be close. Some of the spacing can be hundreds of metres apart. And you stand a good chance of a lucky strike.
This resource statement from Suvo shows an exciting next step in the company towards a final solution. When it comes to new and exciting developments in ASX stories, you can be sure Noel will be on it. We are eagerly awaiting more news here.
00:59 The Nova Silica Project Story
02:52 What does Nova mean for Suvo?
05:20 Why is Nova of interest?
07:55 Does Suvo really have more than the 15% stated?
10:37 Rising silica market demands
12:40 The importance of the quality of Nova.
13:50 Silica processing is chemical free.
15:05 What's the news flow?
16:43 Great stock to DYOR
17:25 Shifting on metal demand.
18:34 Last words from Robert
About Robert Martin
Mr Martin has over 20 years experience across the mining services, supply chain and capital market sectors. Mr Martin has owned and operated a highly successful mining services company which became a leading provider of products and services to the mining industry and operated globally with offices across Australia and internationally. After seven years of revenue and profitability growth and expansion into multiple countries, Mr Martin’s company was acquired by a prominent Perth business for an undisclosed multi-million dollar sum. Mr Martin runs a family office in Western Australia with a focus on investing and supporting emerging private and public businesses, and currently holds the position of non-executive director at PARKD Limited and is the non-executive chairman of publicly listed Critical Resources Limited.
About Suvo Strategic Minerals Limited
Suvo Strategic Minerals is a dual commodity Australian mining company listed on the Australian Stock Exchange (ASX:SUV) focused on the development of their 100% owned White Knight Kaolin Project located in the Yilgarn Craton in the central wheat belt and their 100% owned Nova Silica Project located in the Gin Gin Scarp near the township of Eneabba all situated within Western Australia.
About the Nova Silica Sand Project
The Nova Silica Sand Project is a 100% owned potential large-scale Silica Sand resource located in the Gin Gin scarp near the township of Eneabba the project has existing rail cart transport solutions direct from the tenements to Geraldton port.
Suvo's ESG Strategy
Robert highlighted that Suvo has engaged an ESG team to help Suvo look at sustainable ways to rejuvenate what they have mined and further reduce carbon footprint for example using solar powered resources. The ESG strategy will see a long term intent to add value to shareholders as well as to communities and the environment
Contact Suvo Strategic Minerals Limited
a/ Level 9, 182 St Georges Terrace, Perth, WA 6000
p/ +61 8 9389 4495
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The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. - Samso
About the Author
Noel Ong, CEO of Samso tells compelling stories by engaging business leaders to reveal insights beneficial to the investment community.
Samso helps executives tell their stories to pique investor interest.
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