- Suvo Strategic Minerals (SUV) said testing of its silica product at the Nova Project has found it meets the specifications for high-value silica flour
- The kaolin and silica sand company has been testing samples from the WA-based asset in a lab, finding 17.8 per cent meets silica flour size fraction
- It’s a pleasing development for SUV, as the silica flour market attracts high prices of up to US$150 (around A$194) per dry metric tonne
- The company’s chairman also said silica flour is also highly sought after and can be hard to produce when it doesn’t occur naturally
- Along with the silica flour discovery, the company has successfully tested the samples to see if they can reproduce previous results
- Shares in Suvo Strategic Minerals are trading up 9.38 per cent at 17.5 cents
Suvo Strategic Minerals (SUV) reports testing of its silica product at the Nova Project has found it meets the specifications for high-value silica flour.
The kaolin and silica sand company has been testing samples from the Nova Silica Sand Project, which is located in WA’s mid-west.
The samples are all being tested in a lab, and recent testing has found 17.8 per cent of the silica product from Nova meets silica flour size fraction.
It’s a pleasing development for SUV, as the silica flour market attracts high prices of up to US$150 (around A$194) per dry metric tonne.
“The discovery of silica flour in the fractional sizes of our tenements opens up additional high value markets that potentially change our entire project economics,” Suvo Chairman Rob Martin explained.
“Silica flour is a highly sought-after product that is currently produced by grinding silica to achieve the fractional sizing, this is expensive and requires processing, we are fortunate that it occurs naturally throughout the tenement,” he said.
“We will continue to update the market on the testing being carried out by Nagrom, which will potentially end with a high value, high quality silica resource with those results expected to be finalised this quarter,” he added.
Along with the silica flour discovery, the company has also been testing to see if they can reproduce previous results — with lab work confirming similar results.
Shares in Suvo Strategic Minerals are trading up 9.38 per cent at 17.5 cents per share at 1:35 pm AEST.