Suvo Strategic Minerals Quarterly Activities Report Q1 2024

Report Highlights:

• During the quarter, Suvo generated AUD 3.1 million in sales, up 15% compared to FY23 quarterly average. New purchase orders for hydrous kaolin from the Pittong operation weighing 730 tonnes generated an additional AUD 0.63 million in annual turnover.
• Five new customers buying at AUD 863/tonne and over 20 potential end users throughout Asia Pacific continuing to test the product samples of Suvo’s hydrous kaolin indicates market expansion as projected.
• Suvo successfully completed a Placement and Share Purchase Plan (Capital Raise), raising AUD 4.5 million to commercialize its low carbon geopolymer concrete formulation, “Colliecrete”, which achieves a 50% reduction in GHG compared to Ordinary Portland Cement (OPC).