Company
ASX:SVM
Sovereign Metals Ltd is focused on developing its Kasiya Rutile-Graphite Project in Malawi to become a leading global supplier to the titanium and graphite industries. Kasiya is the world’s largest natural rutile deposit – the purest, highest-grade naturally occurring titanium feedstock – and the world’s second-largest flake graphite deposit – a battery mineral essential for the energy transition.
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“We are really pleased to be listing on the AIM Market which will provide exposure of our globally significant rutile discovery to new capital markets. The company is looking forward to presenting the initial Kasiya Scoping Study before the
The company controls one of the largest rutile deposits in the world with an objective to develop a large-scale, long-life rutile operation.
The objective is to develop a large-scale, long-life, environmentally sustainable and socially responsible natural rutile operation.
The delegation visit shows support from the Malawi government as it looks forward to continuing co-operation with all stakeholders for the project development.
The scoping study at Kasiya is well underway with the engagement of internationally recognised consultants, and is targeted for completion late 2021.
The study is the next major milestone for the company to move the Kasiya Project in Malawi closer towards potential rutile production.
The Toronto-based asset management firm has increased its holding to 10.41% through on-market purchases and placement participation.
The appointment of Paul Marcos as head of development underpins Sovereign’s commitment to rapidly advance the Kasiya Project in Malawi, which is regarded as one of the world’s largest undeveloped rutile projects.
Kasiya could significantly impact the titanium industry with the potential to displace carbon, energy and waste-intensive alternatives
The company believes it has identified a globally significant, strategic rutile province across its large ground holding in Malawi.
Work is ongoing, and so far the edges of Kasiya have yet to be defined
Proceeds will be put towards a definitive feasibility study, additional metallurgy and exploration
The potential to produce rutile from soft saprolite material was highlighted during 2018 laboratory test work.
The two-day Technology and Low Emission Minerals Conference featured many of Australia’s emerging resource companies focused on sustainable operations and new energy minerals.
The conference will be held at the Westin Hotel in Perth next Tuesday and Wednesday, November 13 and 14.
The PFS shows a low-cost potential future mining operation producing premium quality natural graphite products.
Around 600 investors will spend time at the Sydney event on Tuesday or at the Melbourne event on Thursday.
A 99.9995% purity was recorded in downstream application test work for Malingunde flake graphite.
Malingunde is the world’s largest reported soft saprolite-hosted graphite resource.
Malingunde deposit has a resource of 65.1 million tonnes at 7.1% TGC.
