Sydney - Thursday - November 6: (RWE Aust Business News) - Soil Sub Technologies (ASX:SOI) has signed a Heads of Agreement (HoA) to use its NutriMix product in a major desert reclamation project in China. The HoA also provides for Soil Sub to provide technical expertise and be involved in the management of the project. The HoA is with the Timms Cho Group, which requires the use of NutriMix in a desert reclamation project that relates to a large desert area west of Beijing. Subject to a successful trial, Timms Cho plans to apply for a grant under a $US6 billion grant scheme which has been approved by the Chinese government.
SOI Price at posting:
17.5¢ Sentiment: Buy Disclosure: Not Held