Sovereign Metals reveals suitability of graphite for lithium-ion battery market
The company’s Malingunde project is at the bottom of the capital and operating cost curves
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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The company’s Malingunde project is at the bottom of the capital and operating cost curves
A rare combination of low costs and a realistic scale of production.
Potentially low capex and low opex natural flake graphite operation.
Graphite concentrates averaged 98.6% in flotation testwork.
The company’s initial resource estimate is targeted for Q1 2017.
Sovereign Metals Ltd (ASX:SVM) has had one million of its shares bought up on market by its chairman of the board, Ian Middlemas, taking his holding to 6.06 million shares.
Sovereign Metals Ltd (ASX:SVM) has revealed thick and high grade zones of saprolite-hosted graphite mineralization from drilling at the Malingunde flake graphite deposit in Malawi.