Suvo Strategic Minerals Ltd has extended its offtake agreement with Chaozhou Chengcheng Industrial Co. for an additional five years, ensuring continued supply of hydrous kaolin from the Pittong operation until February 2030. The agreement, valued at approximately A$6.56 million, includes a take-or-pay arrangement with a minimum order quantity of 8,750 tonnes. The new contract marks a significant increase from the previous three-year agreement, which covered 4,225 tonnes, incorporating a 25% annual rise in minimum order volumes. The updated terms will take effect from February 2025 while maintaining the same contractual conditions. This extension follows Suvo’s recent renewal of a major sales contract with Norske Skog for another three years, reinforcing demand for its hydrous kaolin product. The company attributes the increased order volumes to a successful marketing campaign throughout China. Suvo anticipates significant growth in sales volumes this year, supported by rising demand from major customers. Additionally, the Pittong operations reported positive EBITDA of A$510,000 and a net profit of A$390,000 last quarter. Suvo continues to explore further product development opportunities to expand kaolin sales and generate positive cash flow. #SuvoStrategicMinerals, #Kaolin, #Mining, #IndustrialMinerals, #Manufacturing, #MiningIndustry, #ChinaTrade, #ResourceSector, #HydrousKaolin, #EconomicGrowth, #Commodities, #MarketExpansion #ASX #ProactiveInvestors