• Calix to toll process up to 30,000 tonnes of clay per annum for Green360's low-carbon cement product
• Initial 2-year agreement with option to extend for further 2 years
• Potential revenues of several million AUD per year from the agreement

Australian environmental technology company, Calix Limited (ASX: CXL), has executed a toll production agreement with Green360 Technologies (ASX: GT3) to produce calcined clay for use in Green360's low-carbon cement product, 'Eco-clay'. Under the agreement, Calix will toll process up to 30,000 tonnes of clay per annum on a cost-plus basis using an existing operational calciner at the Calix Technology Centre in Bacchus Marsh, Victoria. The initial term of the agreement is two years, with an option for Green360 to extend for a further two years subject to minimum throughputs. The full throughputs under the contract represent potential revenues of several million Australian dollars per year, though actual throughputs are not guaranteed and remain subject to Green360's commercial demand for Eco-clay. Calix expects to receive first revenues under the agreement in FY26, extending into FY27 and FY28. The agreement requires no capital expenditure by Calix, with all costs associated with the required site upgrades for commercial calcined clay production to be paid by Green360. The use of available production capacity for toll processing of calcined clay is expected to provide strong operational synergies with Calix's other activities at Bacchus Marsh and ensures sufficient production capacity remains available to continue to support and drive growth in Calix's Magnesia business.

The agreement is expected to support further revenue and gross profit growth for Calix and create operational synergies by leveraging existing production capacity and resources at the Calix Technology Centre.