Emerging mineral processing firm Zeotech Limited (ASX: ZEO) has advanced its export strategy, announcing the execution of a non-binding term sheet with Gladstone Ports Corporation (GPC).
The agreement paves the way for a long-term lease of up to 22,200m² of prime industrial land at the Port of Bundaberg.
This designated site is slated for the construction of a state-of-the-art facility designed for the receival, storage, and loading of dry bulk Kaolin direct shipping ore (DSO).
Located adjacent to the Port’s Multi-Use Conveyor (MUC) infrastructure, the proposed development enables Zeotech to utilise existing public and private infrastructure to support its supply chain.
While the company advances engineering and environmental approvals for the new facility, it plans to use existing port infrastructure to commence initial operations.
Zeotech CEO James Marsh highlighted that this staged approach provides a "capital-efficient, scalable pathway" to market, significantly reducing upfront costs.
To finalize the lease, Zeotech must satisfy several conditions precedent, including geotechnical studies and securing access to the MUC system.