Suvo Strategic Minerals
Primary ticker: ASX:SUV
Stage of development: Development, Production
Primary minerals: Geopolymer Low Carbon Concrete
Project to promote: Geopolymer Low Carbon Concrete Commercialisation
Project location: Australia
Website: investorhub.suvo.com.au
Company presentation:Click here
Suvo Strategic Minerals Limited is Australia’s only hydrous kaolin producer listed on the Australian Securities Exchange (ASX:SUV). Having recently more than doubled plant throughput at its Pittong hydrous kaolin operation 40km west of Ballarat in Victoria, Suvo is focused on selling the additional plant capacity to high margin industries. Suvo is also fast tracking the commercialisation of its green technology, a low carbon concrete batching plant and formulation. The production of cement is responsible for 8% of global emissions which is equivalent to the global car fleet. Suvo is looking to enter the US820 billion dollar industry with its carbon friendly alternative.
Cash: AUD3.1M (as at 30 June 2024)
Debt: AUD$1.0M
Major shareholders:
Mr Aaron Banks – 7.6%
Melbourne Securities – 7.1%
Mr Christopher James Weed – 4.9%
Mr Peter Mark Lewis – 2.3%
Mr Robert Fitzgerald – 1.8%
Management Ownership – 7.8%
Financials
Management Profile
Bojan Bogunovic – Chief Executive Officer
Bojan Bogunovic is a qualified Chartered Accountant with a Bachelor of Commerce from Curtin University. Mr Bogunovic has extensive experience in the exploration, construction and mining industries in Australia and overseas. Mr Bogunovic has held senior financial roles with a number of ASX listed mining and exploration companies. Mr Bogunovic was the Company Chief Financial Officer and Chief Commercial Officer before his appointment as Chief Executive Officer.
Aaron Banks – Executive Chairman
Aaron Banks is a specialist business consultant with over 20 years’ experience in contract negotiations and business development including senior roles in sales, marketing and construction management. In 2015, as founder & Managing Director of Australian Silica Pty Ltd, Mr Banks discovered one of the largest high grade silica sand resources in the world.
What is your rationale for taking part in 121 Mining Investment?
What recent news would you like to highlight to investors attending?
20 August 2024 – Geopolymer Backing Blocks 28-Day Strength Test Results
1 August 2024 – Successful Production of First Geopolymer Concrete Product
9 July 2024 – Binding Joint Development Agreement Singed with PERMACast
29 May 2024 – Suvo Executes Term Sheet with Permacast
2 May 2024 – Appointment of Executive Chairman
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Sign offtakes for the Company’s low carbon concrete offering
6 Months:
Feasibility and development work streams
12 Months:
Production and scale up of low carbon concrete
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
First mover advantage – going at a speed that will allow us to be first to market
What do you think makes your company such a compelling investment?
Suvo is in the process of commercialising the only true alternative to Portland cement concrete, the single largest industrial polluter, the equivalent to every motor vehicle on planet earth. This is a trillion dollar industry and the opportunity is huge
What are the top 3 key investor takeaways?
1. Plant throughput doubled with clear pathway to earnings and positive cashflows.
2. Capital has been sunk and operation de-risked. 50% of plant capacity under sales contracts and huge upside.
3. Green technology sits in exciting space, partnered with large industry players to fast-track commercialisation of Suvo’s low carbon concrete alternative.