- Suvo Strategic Minerals (SUV) has begun a new round of drilling at its Nova silica sands project in WA
- The 2500 to 3000-metre program will aim to infill and extend mineralisation to the north and south and increase the recently delivered mineral resource
- Suvo will use the samples from drilling to support metallurgical work for flowsheet definition and offtake negotiations
- Nova has an inferred mineral resource of 216 million tonnes which comprises silica glass sand, silica flour and coarse silica sand
- Company shares end the day trading steady at 17 cents at market close
Suvo Strategic Minerals (SUV) has begun the second phase of drilling at its Nova silica sands project in Western Australia.
The kaolin producer and silica sand exploration company received a program of works approval for the extension and infill drilling program, which will include 2500 to 3000 metres.
The program follows Suvo announcing a maiden mineral resource estimate for the Nova project earlier this month. The project has an inferred mineral resource of 216 million tonnes which includes silica glass sand, silica flour and coarse silica sand.
Drilling will aim to infill and extend existing mineralisation to a 40-metre depth to the north and south, as well as extend the recently completed inferred resource.
Suvo Strategic Minerals will use the samples from drilling to support metallurgical work for flowsheet definition and offtake negotiations.
The company also appointed a chief financial officer last week to ensure it continues maintaining momentum and delivering strong performance and growth.
Current Group Financial Controller Bojan Bogunovic will take on the role of CFO. The board said it looks forward to working closely with Mr Bogunovic on the development of its assets.
Company shares ended the day trading steady at 17 cents at market close.