A total of 307,000tpa in non-binding Letters of Intent for dry-processed halloysite-kaolin product has now been received from potential Chinese customers

Additional offtake for dry-processed halloysite-kaolin product

New non-binding offtake Letters of Intent (LOI) received from potential customers for dry-processed halloysite-kaolin product now total 307,000tpa.

Anpeak China, a leader in specialty minerals, has signed a LOI for 120,000tpa, Weifang Engers Ceramics 50,000tpa, Guangzhou Changying Trade 30,000tpa, Guangzhou Jinghui Ceramic Material 5,000tpa and Foshan Mei Zhi Hui Ceramic Material 2,000tpa.

This is in addition to the 100,000tpa LOI signed by China Mineral Processing Group previously announced on 18 July 2019.

Samples provided to other potential customers during the China visit by ADN representatives in June are still undergoing application testing which could result in further LOI's signed for Carey's Well dry-processed product.

Offtake LOI's have already been signed for 208,000tpa of wet-processed product, which is a premium grade for the ceramics industry (refer ASX announcement 25 June 2018 - 'Chinese demand for Carey's Well halloysite-kaolin grows').

Trials and testing for direct shipping ore (DSO) business are still in progress.

The current LOI's and results from the DSO testing will enable the Scoping Study that is currently underway to be completed.


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