Zeotech (ASX:ZEO) signed a memorandum of understanding (MOU) with Cement Australia to collaborate and advance the manufacturing and use of its AusPozz high-reactivity metakaolin, according to a Tuesday filing with the Australian bourse.
The parties agreed to exchange information and test results for the completion of the AusPozz product's technical and value assessment, along with an evaluation of Cement Australia's infrastructure and supply chain options, the filing said.
The MOU can be terminated with 30 days' written notice by either party, or it will expire on June 1, 2026, per the filing.
Zeotech shares fell nearly 3% in morning trade on Tuesday.