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Zeotech Limited (ASX:ZEO)

ALERT: Price-sensitive ASX Announcement for ZEO
Current share price for ZEO : $0.076 0.017 (28.81%)+
Announcement
Release
11 Aug 2025 9:19AM
Price at Release
$0.059
Full Release
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Summary
Zeotech Limited (ZEO) has executed a binding Direct Shipping Ore (DSO) Kaolin Offtake Term Sheet with Minerals Supply International Pty Ltd (MSI). The agreement covers the supply of DSO kaolin from Zeotech's Toondoon Kaolin Project in Central Queensland. The term sheet outlines a minimum sales volume of 25,000 tonnes in the first year and 50,000 tonnes in subsequent years, with MSI responsible for sales and distribution. The agreement is valid for three years and includes options for renewal based on mutual agreement. This is a significant milestone for Zeotech as it establishes its maiden offtake agreement, providing an initial sales pathway and supporting ongoing project development and commercialization efforts. The announcement provides additional information about the Toondoon Kaolin Project, the background and experience of MSI, and the broader strategy for advancing the project towards production while exploring further opportunities.
Key Points
  • Zeotech Limited has executed a binding DSO Kaolin Offtake Term Sheet with Minerals Supply International Pty Ltd.
  • The agreement covers supply from the Toondoon Kaolin Project in Central Queensland.
  • Minimum offtake volumes are 25,000 tonnes in the first year and 50,000 tonnes per year thereafter.
  • The term is three years with options for renewal upon mutual agreement.
  • MSI is responsible for sales and distribution into domestic and export markets.
  • This is Zeotech’s first kaolin offtake agreement, marking a major milestone.
  • The agreement provides a sales pathway to support project development and commercialization.
  • Zeotech continues to advance project approvals and explore further opportunities.
  • Details on MSI’s background and market reach are provided.
  • The announcement underlines Zeotech’s broader commercialization and growth strategy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.