Zeotech Extends MSI Offtake Agreement, Completes 110-Hole Exploration Campaign at Queensland Project

Zeotech (ASX:ZEO) extended its offtake agreement with Jiangsu Mineral Sources International Trading (MSI) to April 30, 2027, with amendments enhancing commercial alignment and operational flexibility, according to a Monday Australian bourse filing. The company said it has completed a significant exploration campaign comprising 110 drill holes and about 3,100 meters, supporting resource expansion and mine planning at its Toondoon Kaolin Project in Queensland. Key environmental and regulatory approvals have been progressed, including fauna management approvals and water feature declassification under both the Water Act 2000 and Fisheries Act 1994, the filing added. Proposals have been received for a kaolin direct shipping ore (DSO) trial shipment, advancing planning for initial export activities currently under review, with ongoing stakeholder engagement across government, regulators, port authorities and offtake partner representatives, it added. The company's shares fell past 1% in recent Monday trade.