Suvo Strategic Minerals: Completes drilling program at Ballarat deposits

  • Australian kaolin producer and silica sand explorer Suvo Strategic Minerals (SUV) has completed drilling at its Pittong and Trawalla deposits near Ballarat, Victoria
  • Under the aircore drilling program, 54 holes drilled at Pittong, with another 14 completed at Trawalla
  • The drilling campaign will help convert the current Pan-European Reserves & Resources Reporting Committee (PERC) estimates into JORC-compliant ones
  • The samples now analysed, which will help Suvo convert the current PERC reserves and resources into JORC-compliant ones
  • The company expects the JORC resource to completed by the end of April, however, this depends on the timing of pending laboratory results
  • On the market today, Suvo is up 3.33 per cent and trading at 15.5 cents per share
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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