Suvo Strategic Minerals Limited (ASX: SUV) has signed a non-binding Memorandum of Understanding with Dowsing Group, one of Australia’s leading civil contractors.
Non-executive chairman Aaron Banks commented, “It’s a fantastic opportunity and we’re honoured to be working with Dowsing Group. Serving the civil construction industry for almost 40 years Dowsing have earned a reputation for excellence.”
The intention of the MOU is to work collaboratively to negotiate a strategic partnership agreement and utilize Suvo’s licenced intellectual property to develop several low carbon concrete formulations, specifically for Dowsing to deploy in selected end use applications.
Dowsing Group, founded in 1985, is a privately owned Australian company with its headquarters in Western Australia and offices in New South Wales and New Zealand, employing over 150 people.
Dowsing specializes in slipform concrete such as rigid pavements, road barriers, kerbing, hardscapes, civil services, profiling, and diamond grinding. Dowsing currently has projects spanning Western Australia, the Northern Territory, New South Wales, Victoria, and New Zealand. While this agreement is non-binding it creates a pathway for Suvo and Dowsing to establish a strategic partnership and to accelerate trials of various formulations and end products utilizing Dowsing’s expertise and infrastructure.
“Specializing in footpaths, curbs, and concrete road barricades among many other services, Dowsing spans both seaboards and have been involved with some of the largest infrastructure projects state governments around Australia have embarked on. The benefit of being able to trial low carbon geopolymer formulations with a commercial partner of this ilk is immense – it affords us a ‘real time’ look at how the geopolymer concrete performs with the machines and people who will ultimately deploy it.” Added Aaron.
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