Zeotech Signs land purchase agreements to accelerate Toondoon development, QLD
- Zeotech (ZEO) signs land purchase agreements for 682 hectares of freehold land underlying its mining lease at the Toondoon project in Queensland
- The agreements will also cover the overlapping adjacent exploration permit for minerals at the project
- The company says this will accelerate time to mining, streamline approval processes and help to potentially expand Toondoon’s high-grade kaolin resource
- The company continues to progress its activities at the project and remains engaged in “positive” discussions with prospective direct shipping ore counterparties in India
- Shares in the company are down 7.84 per cent, trading at 4.7 cents at 3:45 pm AEDT
