Sovereign Metals Ltd (ASX:SVM, FRA:SVM) hosted a delegation of the Malawian Government officials led by the country’s minister of mining Rashid Gaffar, at its Kasiya Rutile Project (Kasiya).
During the visit, the company provided an update on the project and its development plans.
The discussions were led by the company’s managing director Julian Stephens, who has been in Malawi over the past few weeks.
The company also held talks with the country’s vice president Saulos Klaus Chilima and updated him on plans for the project’s development.
Support from the Malawi government
Stephens said: “It was a pleasure to host the government delegation at our expanding, world-class Kasiya rutile project.
“The minister’s visit and the meeting with the right honourable vice president, Saulos Klaus Chilima shows significant support from the Malawi government and we look forward to continued close co-operation with all stakeholders as we work towards our objective of becoming a supplier of premium grade natural rutile to the global titanium markets.”
Contribute significantly to economy
During the visit, the company updated the vice president on the recent Kasiya mineral resource Estimate, which confirmed the project as one of the world’s largest rutile deposits and on the continued progress of the scoping study targeted for completion by end of the year.
Along with Malawi’s mining minister, two senior government officials - the principal secretary and commissioner of mines - also visited the two-rig core drilling program at Kasiya and the company’s logging and sampling facilities at the nearby town of Santhe.
This was followed by a visit to the company’s laboratory facilities in the capital city of Lilongwe, to demonstrate Sovereign’s sample processing flow sheet for drill samples.
Gaffar said: “The government of Malawi is committed to developing the mining industry and fully supports Sovereign Metals’ efforts on their high-quality minerals projects like Kasiya that have the potential to contribute significantly to the country’s economy.”