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ASX:SVM OTC:SVMLF AIM:SVML

Sovereign Metals Ltd

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Market:
ASX
Price
0.47 AUD
Day Change
-
Market Cap:
$264.61 m
52 weeks high
0.61
52 weeks low
0.37

In brief

Sovereign Metals Ltd is focused on the exploration and development of its flagship Kasiya rutile-graphite project in Malawi along with its strategic investor, Rio Tinto.

Kasiya is the largest known rutile (titanium) deposit and the second-largest flake graphite resource globally.

Rio Tinto invested A$40.4 million in July 2023 for an initial 15% to advance the Kasiya definitive feasibility study (DFS)

Snapshot

  • Sovereign Metals strengthens in-country engagement and expertise with key new appointments
  • Rio Tinto is a “logical long-term owner” of Sovereign Metal’s Kasiya project - analyst
  • Sovereign Metals says Chinese export restrictions boost case for Kasiya Rutile-Graphite Project