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Zeotech Limited ( (AU:ZEO) ) has provided an update.
Zeotech Limited has entered into a binding offtake agreement with Jiangsu Mineral Sources International Trading Co, Limited (MSI) for the supply of its kaolin DSO products. The agreement, valued at approximately $204 million over an initial five-year term, grants MSI exclusive offtake and marketing rights in key Asian markets. This milestone positions Zeotech to generate early cash flows and supports its strategic goal of advancing the AusPozz™ Project, contributing to the decarbonization of concrete in the built environment. The agreement’s success hinges on Zeotech achieving financial close and obtaining necessary approvals for commercial operations.
More about Zeotech Limited
Zeotech Limited is an emerging mineral processing technology company that specializes in kaolin products. The company focuses on the production and supply of direct shipping ore (DSO) kaolin and high-value cosmetic kaolin products, targeting markets in China, South Korea, and Japan.
Average Trading Volume: 2,296,009
Technical Sentiment Signal: Buy
Current Market Cap: A$171.6M
For a thorough assessment of ZEO stock, go to TipRanks’ Stock Analysis page.