http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Sat, 29 Apr 2017 13:26:41 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Sovereign Metals reveals world’s largest saprolite graphite resource ]]> http://www.proactiveinvestors.com.au/companies/news/176494/sovereign-metals-reveals-worlds-largest-saprolite-graphite-resource-176494.html Sovereign Metals (ASX:SVM) has reported the maiden resource for its Malingunde Graphite Project in Malawi, confirming it as the world’s largest reported soft saprolite-hosted graphite resource.

The project has an indicated and inferred resource of 28.8 million tonnes at 7.1% TGC (total graphitic carbon) at 4% TGC cut-off, including a high-grade component of 8.9 million tonnes at 9.9% TGC (7.5% TGC cut-off).

Importantly, 80% of the total saprolite and 80% of the high-grade component is in the indicated resource category.

Sovereign’s shares were last trading 14.29% higher intraday, at $0.12.

The resource estimate confirms the global significance of the Malingunde deposit and provides the basis for a potentially low capex and low opex natural flake graphite operation.

Unlike hard rock graphite mines, the saprolite material does not require primary crushing or grinding which is expected to result in substantially reduced processing costs.

Sovereign’s intention is to focus the upcoming scoping study on the high-grade saprolite resource only.

The 8.9 million tonnes of high-grade material is expected to provide feed material for a significant mine life to be considered in the study.

Furthermore, substantial exploration potential exists within Sovereign’s large 3,788 square kilometre ground package, containing numerous other saprolite prospects discovered but not yet drilled.

Sovereign can now progress completion of the scoping study, leveraging the project’s inherent advantages including its potential to be a low cost operation with best-in-class margins.

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Tue, 18 Apr 2017 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176494/sovereign-metals-reveals-worlds-largest-saprolite-graphite-resource-176494.html
<![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/170330svmpf599/ Thu, 30 Mar 2017 15:19:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/170330svmpf599/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/170330svmpd6dd/ Thu, 30 Mar 2017 15:11:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/170330svmpd6dd/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/170330svmpecdb/ Thu, 30 Mar 2017 15:03:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/170330svmpecdb/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/170330svmpd020/ Thu, 30 Mar 2017 15:01:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/170330svmpd020/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/170330svmpacab/ Thu, 30 Mar 2017 14:59:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/170330svmpacab/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/170330svmpfcc2/ Thu, 30 Mar 2017 14:57:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/170330svmpfcc2/ <![CDATA[News - Sovereign Metals delivers high-purity graphite in Malawi ]]> http://www.proactiveinvestors.com.au/companies/news/175029/sovereign-metals-delivers-high-purity-graphite-in-malawi-175029.html Sovereign Metals (ASX:SVM) has delivered high-purity concentrates averaging 98.6% graphite from the latest flotation testwork on the saprolite from its Malingunde flake graphite deposit in Malawi.

Importantly, increased grade of final concentrates has been achieved with minimal deterioration in flake size, highlighting the simplicity and flexibility of the Malingunde process flow sheet.

Furthermore, 71% of the final graphite concentrate exceeds 149 micrometres in size, including 28% of +297 micrometre jumbo flake and 9% of +500 micrometre super jumbo flake.

The exceptional purity and flake size distribution highlights the potential for premium pricing and entry into traditional industrial and emerging lithium-ion battery markets.

When coupled with the inherent low capex and low opex nature of soft saprolite operations, these results enhance the potential for best in class operating margins at Malingunde.

The recent test-work was conducted on several composite samples of diamond drill cores obtained from the 2016 drilling program which included:

- 34 metres at 12.0% TGC (total graphitic carbon);
- 16.3 metres at 11.4% TGC including 3 metres at 23.6% TGC; and
- 23 metres at 16.3% TGC including 13 metres at 20.3% TGC.

The test-work forms part of a larger program that will be used as the basis for the current scoping study.

Sovereign is expected to deliver the maiden JORC resource estimate for Malingunde in the coming weeks.

The company’s shares were last trading 4.17% higher intra-day, at $0.075.

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Mon, 20 Mar 2017 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175029/sovereign-metals-delivers-high-purity-graphite-in-malawi-175029.html
<![CDATA[News - Sovereign Metals identifies wide zones of flake graphite in Malawi ]]> http://www.proactiveinvestors.com.au/companies/news/173491/sovereign-metals-identifies-wide-zones-of-flake-graphite-in-malawi-173491.html Sovereign Metals (ASX:SVM) has identified wide zones of saprolite-hosted graphite mineralisation from drilling at the Malingunde flake graphite deposit in Malawi.

The 2016 aircore program comprised 180 holes for 5,517 metres. To date, assay results for a total of 87 aircore holes have been returned, with highlight intersections including:

- 24 metres @ 11.9% total graphitic carbon (TGC) including 10 metres at 17.1% TGC;
- 26 metres @ 11.0% TGC including 4 metres at 20.0% TGC; and
- 12 metres @ 15.7% TGC including 6 metres at 23.8% TGC.

The results continue to highlight wide zones of saprolite-hosted flake graphite over the strike length of the Malingunde deposit.

Sovereign’s drilling assays received to date have defined a consistent high-grade mineralisation over a strike length of 1.3 kilometres.

The assays are pending for an additional 94 aircore holes and 5 diamond holes that cover a further 2.1 kilometres of strike length initially defined by hand auger drilling.

Meanwhile, a program of downstream test-work focussed on li-Ion battery and expandable graphite applications has commenced at a renowned German industrial minerals laboratory.

The company’s initial resource estimate is targeted for Q1 2017 and a scoping study is targeted for early Q2 2017.

Sovereign’s shares were last trading 5.56% higher intra-day on Tuesday, at $0.095.

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Tue, 21 Feb 2017 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173491/sovereign-metals-identifies-wide-zones-of-flake-graphite-in-malawi-173491.html
<![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/170214svmpe46e/ Tue, 14 Feb 2017 11:18:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/170214svmpe46e/ <![CDATA[RNS press release - Half-year Report ]]> http://www.proactiveinvestors.com.au/companies/rns/161118svmp9d6f/ Fri, 18 Nov 2016 13:04:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/161118svmp9d6f/ <![CDATA[News - Sovereign Metals Ltd chairman buys 1 million shares on market ]]> http://www.proactiveinvestors.com.au/companies/news/168787/sovereign-metals-ltd-chairman-buys-1-million-shares-on-market-168787.html The $127,033 worth of shares were purchased at an average price of $0.127 which is 130% higher than where shares started the year.

In 2015, Sovereign discovered the Malingunde graphite deposit located 15 kilometres from Lilongwe, the capital city of Malawi, a country in southeastern Africa.

The Malingunde deposit is particularly significant as it is hosted within weathered, soft saprolite (clay) material.

Saprolite-hosted flake graphite mining operations, similar to those in China and Madagascar, usually have significant cost and environmental advantages over hard rock mining.

The project also has access to infrastructure; being 25 kilometres from rail access, 15 kilometres from high-capacity power-lines and with plentiful fresh water.

A 5,000 metre aircore resource drilling program is due to commence imminently with the results feeding in to an initial resource estimate due for completion in Q1 2017.

Exploration thus far has shown the Malingunde deposit appears to be large and high grade, with visually coarse and jumbo flake graphite identified throughout.

Saprolite-hosted mineralisation has been identified in hand auger drilling over 3.4 kilometres of strike with cumulative across strike widths locally exceeding 200 metres and averaging about 140 metres.

Grades of mineralised saprolite average around 8% total graphitic content (TGC) with a number of coherent higher grade zones well above 10% TGC identified.

Shares have doubled year to date, currently trading at $0.12.

The company had $3.6 million in cash at the end of the September quarter and has raised an additional $1.1 million since then.

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Thu, 10 Nov 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168787/sovereign-metals-ltd-chairman-buys-1-million-shares-on-market-168787.html
<![CDATA[News - Sovereign Metals reveals thick zones of graphite at Malingunde deposit ]]> http://www.proactiveinvestors.com.au/companies/news/167964/sovereign-metals-reveals-thick-zones-of-graphite-at-malingunde-deposit-167964.html Assay results from the diamond drilling program include:
- 15 metres at 19.7% TGC (total graphitic carbon) within a broader zone of 25 metres at 15.1% TGC; and
- 12 metres at 17.1% TGC within a broader zone of 20 metres at 13.7% TGC.

Overall, the assays confirm that high grades of saprolite continue to vertical depths of between 20 and 30 metres, in line with the near surface grades returned from previous hand auger drilling.

Saprolite-hosted flake graphite deposits are sought after as they generally have substantially lower production costs than hard rock deposits.

This is mainly due to their free-dig nature, generally low strip ratios and simple processing with no primary crushing or grinding circuit required.

The initial resource estimate for the Malingunde deposit is targeted for Q1 2017 and a scoping study by Q1 or early Q2 2017.

A 5,000 metre aircore resource drill out program is scheduled to commence this week and should be completed within the quarter.

Sovereign’s share price has increased by 140% during the past 6 months, last trading at $0.12.

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Wed, 26 Oct 2016 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167964/sovereign-metals-reveals-thick-zones-of-graphite-at-malingunde-deposit-167964.html
<![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.com.au/companies/rns/160909svmpce4c/ Fri, 09 Sep 2016 12:07:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/160909svmpce4c/ <![CDATA[RNS press release - Annual Financial Report ]]> http://www.proactiveinvestors.com.au/companies/rns/160704svmpf09c/ Mon, 04 Jul 2016 14:29:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/160704svmpf09c/ <![CDATA[News - Sovereign Metals Ltd raising funds for flake graphite in Malawi ]]> http://www.proactiveinvestors.com.au/companies/news/162312/sovereign-metals-ltd-raising-funds-for-flake-graphite-in-malawi-69386.html Sovereign Metals Ltd (ASX:SVM) has a focus on Malawi Graphite Projects, including Duwi which hosts a resource of 6.13 million tonnes of total graphitic content.

Sovereign has an offtake and development funding partnership with major Chinese corporation China Volant Industry Co Ltd.

The company is now heading to market with a capital raising, with the ASX granting a trading halt to prepare.

The halt will remain in place until the opening of trade on Monday 27th June 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 23 Jun 2016 16:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/162312/sovereign-metals-ltd-raising-funds-for-flake-graphite-in-malawi-69386.html
<![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/160104svmp14fd/ Mon, 04 Jan 2016 14:27:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/160104svmp14fd/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/151229svmp5a93/ Tue, 29 Dec 2015 12:29:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/151229svmp5a93/ <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.com.au/companies/rns/150911svmpe908/ Fri, 11 Sep 2015 11:23:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/150911svmpe908/ <![CDATA[News - Sovereign Metals granted ASX trading halt ]]> http://www.proactiveinvestors.com.au/companies/news/162311/sovereign-metals-granted-asx-trading-halt-63932.html Sovereign Metals (ASX:SVM) has been granted a trading halt by the ASX pending details regarding the appointment of a corporate advisor and a capital raising.

The company is currently focussed on the Duwi Flake Graphite Project in Malawi.

A Scoping Study has commenced to examine production scenarios of around 40,000 tonnes and 100,000 tonnes of flake graphite per annum.

The halt will remain in place until the opening of trade on Thursday 13th August 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 11 Aug 2015 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/162311/sovereign-metals-granted-asx-trading-halt-63932.html
<![CDATA[RNS press release - Annual Financial Report ]]> http://www.proactiveinvestors.com.au/companies/rns/150708svmp6a0d/ Wed, 08 Jul 2015 09:31:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/150708svmp6a0d/ <![CDATA[RNS press release - Announcement re. LR 9.16.4 ]]> http://www.proactiveinvestors.com.au/companies/rns/150506svmpc747/ Wed, 06 May 2015 12:06:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/150506svmpc747/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/150402svmpc458/ Thu, 02 Apr 2015 13:01:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/150402svmpc458/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/150401svmpc5ef/ Wed, 01 Apr 2015 16:17:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/150401svmpc5ef/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/150312svmp9d37/ Thu, 12 Mar 2015 10:10:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/150312svmp9d37/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/150304svmp2744/ Wed, 04 Mar 2015 12:05:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/150304svmp2744/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/150130svmp6eef/ Fri, 30 Jan 2015 17:14:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/150130svmp6eef/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/141205svmp0815/ Fri, 05 Dec 2014 13:20:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/141205svmp0815/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/141202svmp21ac/ Tue, 02 Dec 2014 15:10:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/141202svmp21ac/ <![CDATA[RNS press release - Half-yearly Report ]]> http://www.proactiveinvestors.com.au/companies/rns/141125svmp5797/ Tue, 25 Nov 2014 15:21:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/141125svmp5797/ <![CDATA[News - Sovereign Metals to reveal graphite resource from Duwi ]]> http://www.proactiveinvestors.com.au/companies/news/162310/sovereign-metals-to-reveal-graphite-resource-from-duwi-58241.html Sovereign Metals (ASX:SVM) has been granted a trading halt pending an announce regarding a resource estimate for the Duwi Flake Graphite Project in Malawi.

Earlier in the month the company completed a reverse circulation and diamond core resource drilling program.

Thick and high grade zones of coarse flake graphite mineralisation are reported in a large and coherent body over a cumulative strike length of around 2.2 kilometres.

CSA Global is conducting the modelling.

The halt will remain in place until the opening of trade on Monday 20th October 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 16 Oct 2014 18:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/162310/sovereign-metals-to-reveal-graphite-resource-from-duwi-58241.html
<![CDATA[RNS press release - AGM Results ]]> http://www.proactiveinvestors.com.au/companies/rns/140912svmpf130/ Fri, 12 Sep 2014 11:03:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/140912svmpf130/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/140908svmp82e6/ Mon, 08 Sep 2014 11:12:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/140908svmp82e6/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/140908svmp1e84/ Mon, 08 Sep 2014 11:05:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/140908svmp1e84/ <![CDATA[News - Sovereign Metals hits more graphite in Malawi ]]> http://www.proactiveinvestors.com.au/companies/news/162309/sovereign-metals-hits-more-graphite-in-malawi-57127.html Sovereign Metals (ASX:SVM) intersected more broad, high grade graphite intercepts from the first 11 holes assayed at its Duwi flake graphite project in Malawi.
 
Results include 84 metres at 9.8% TGC from 24 metres, including 20 metres at 12.8% TGC; and 74 metres at 9.4% TGC from 8 metres, including 10 metres at 12% TGC.

These drilling results, in addition to 2013 diamond drilling results, show a large body of coarse flake graphite mineralisation at Duwi Main Zone including at least two, coherent, high grade zones.

A total of 35 additional holes from the 2014 Duwi drilling program are awaiting assays, and a maiden JORC resource estimate expected to be completed early Q4 2014 by CSA Global.

During the quarter, Sovereign completed an upgrade of raw concentrates to between 99.97 and 99.98% carbon ultra-pure graphite, which was achieved across all flake size fractions.

This indicates that Duwi concentrates may be suitable for the growing market of high-value ultra-pure graphite applications in addition to traditional high volume applications.

In addition, Sovereign is involved in the Carpentaria copper-gold joint venture with a subsidiary of mining giant Glencore, which continues to manage and sole fund exploration on all tenements.

Drilling at the Beauty Prospect is expected to commence in the current quarter.

Sovereign also controls the Tate River gold and base metal project in Queensland, and is capitalised at $39 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 25 Aug 2014 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/162309/sovereign-metals-hits-more-graphite-in-malawi-57127.html
<![CDATA[RNS press release - Interim Management Statement ]]> http://www.proactiveinvestors.com.au/companies/rns/140728svmp2d97/ Mon, 28 Jul 2014 16:15:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/140728svmp2d97/ <![CDATA[News - Sovereign Metals hits more graphite in Malawi ]]> http://www.proactiveinvestors.com.au/companies/news/162308/sovereign-metals-hits-more-graphite-in-malawi-56191.html Sovereign Metals (ASX:SVM) should trade higher after the discovery of a new zone of high-grade flake graphite mineralisation at Duwi in Malawi

The new zone, named Duwi Bend, was discovered by mapping and rock-chip sampling followed by a recently completed trench along an excavated road cutting.

Substantial widths of medium and high-grade flake graphite mineralisation were intersected in a trench at Duwi Bend, immediately east of Duwi Main zone.

The trench, oriented obliquely to the mineralised trend, returned a cumulative intercept of 170 metres at 8% TGC.

This cumulative hit comprised individual intercepts of 46 metres at 8.6% TGC, 50 metres at 8.9% TGC, and 74 metres at 7.1% TGC including 14m at 9.5% TGC.

A single reverse circulation hole drilled directly beneath the trench intercepts showed visually consistent, wide zones of flake graphite mineralisation, for which laboratory results are awaited.

The drilling program is ongoing.

In addition, another substantial zone of high-grade mineralisation has been mapped at Nyama to the west of Duwi Main.

The next objective at Duwi is to define sufficient high grade mineralisation near surface to undertake a Scoping Study.

Sovereign will be aiming for a simple, low cost, open pit mining operation producing flotation concentrates with a large proportion of Jumbo and Large flake graphite.

The company also controls the Dedza graphite project with average assays of 10.3% CGT, large and jumbo flake sizes, and is next to the M1 national highway.

Drilling and trenching is also underway at Dedza.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 10 Jul 2014 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/162308/sovereign-metals-hits-more-graphite-in-malawi-56191.html
<![CDATA[RNS press release - Annual Financial Report ]]> http://www.proactiveinvestors.com.au/companies/rns/140704svmp0fd8/ Fri, 04 Jul 2014 13:24:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/140704svmp0fd8/ <![CDATA[News - Sovereign Metals granted trading halt, flake graphite potential ]]> http://www.proactiveinvestors.com.au/companies/news/162307/sovereign-metals-granted-trading-halt-flake-graphite-potential-55044.html Sovereign Metals (ASX:SVM) is heading to market with a capital raising.

Today the ASX has granted the company a trading halt, with its shares placed in pre-open.

Most recently the company completed an initial trench sampling program at the newly discovered Dedza Mountain East flake graphite prospect.

Importantly - substantial widths of high-grade flake graphite was intersected.

Results included: 14m at 10.8% TGC including 6m at 12.1% TGC; 18m at 9.5% TGC; 20m at 10.3% TGC including 10m at 11.3% TGC; and 14m at 9.3% TGC.

Adding interest, SVM's graphite interests in Malawi are located 500 kilometres west of Syrah Resources’ (ASX:SYR) massive Balama East Deposit, which is acknowledged as the largest known graphite deposit in the world.

Saprolite-hosted flake graphite mining operations are likely to have significant advantages over hard rock operations, including the potential for lower mining costs, reduced capex and opex, and may also result in the preservation of the coarser flake.

The halt will remain in place until the opening of trade on Wednesday 21st May 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 19 May 2014 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/162307/sovereign-metals-granted-trading-halt-flake-graphite-potential-55044.html
<![CDATA[News - Sovereign Metals finds new zone of flake graphite at Malawi project ]]> http://www.proactiveinvestors.com.au/companies/news/162306/sovereign-metals-finds-new-zone-of-flake-graphite-at-malawi-project-53940.html Sovereign Metals (ASX: SVM) has identified a significant new zone of flake graphite from initial trench sampling at its Central Malawi Graphite Project.

Substantial widths of high-grade flake graphite were intersected in trenches at the newly discovered Dedza Mountain East (DME) prospect, where a discrete zone of graphite mineralisation was mapped over 4 kilometres.

This now brings the total to four significant flake graphite prospects where substantial widths and high grades of flake graphite have been identified in trenching and/or drilling.

Notable results are 14 metres at 10.8 metres total graphitic content including 6 metres at 12.1% TGC; 18 metres at 9.5% TGC; 20 metres at 10.3% TGC including 10 metre at 11.3% TGC; and 14 metres at 9.3% TGC.

Visually coarse flake graphite was seen in the majority of mineralised trench samples taken and sampling for metallurgical testing is underway

A total of 8 trenches for 502 metres were sampled over DME and showed consistent widths and grades of flake graphite mineralisation, hosted within soft and highly weathered saprolite.

This soft material is likely to be “free dig”, potentially requiring minimal blasting, crushing and/or grinding, and therefore a greater proportion of high value Extra Large and Large flakes may be preserved.

This in turn has the potential to significantly reduce capital and operating costs.

Another large discrete zone of graphite mineralisation has recently been discovered and mapped over a 20 kilometre strike length at the Dedza Mountain West prospect, where a trenching program, of 500 metres is underway.

Additionally, an initial program to examine whether primary crushing and grinding steps can be minimised on saprolite samples prior to flotation will considered.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 27 Mar 2014 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/162306/sovereign-metals-finds-new-zone-of-flake-graphite-at-malawi-project-53940.html
<![CDATA[News - Sovereign Metals and Glencore hit copper at Mongoose in Queensland ]]> http://www.proactiveinvestors.com.au/companies/news/162305/sovereign-metals-and-glencore-hit-copper-at-mongoose-in-queensland-53883.html Sovereign Metals (ASX:SVM) and joint venture partner Mt Isa Mines, a Glencore company, have completed drilling at their Mongoose prospect in Queensland.

Best intersections were 16 metres at 4.2% copper with 0.43g/t gold from 3 metres, and 17 metres at 1.41% copper with 0.29g/t gold from 173 metres, including 4 metres at 4.07% copper and 0.90g/t gold.

Mongoose is part of the Carpentaria Joint Venture managed by Mount Isa Mines which own 62%, with Sovereign holding the remaining 38%.

The drilling was designed to test for extensions to CopperChem's adjacent Taipan Deposit; a review of the drilling results will now be undertaken to determine future exploration strategy.

Flagship asset

Notably, Sovereign's flagship asset is actually the Central Malawi graphite project in south-east Africa, where it has a controlling footprint of more than 7,000 square kilometres.

This region is a hot spot for high grade coarse flake graphite, with Syrah Resources' (ASX: SYR) giant Balama project located 235 kilometres to the east.

Sovereign's graphite project is surrounded by established infrastructure including power lines, rail, roads and a port which is currently undergoing a major expansion.

The company is modestly capitalised at around $13 million.

 

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Tue, 25 Mar 2014 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/162305/sovereign-metals-and-glencore-hit-copper-at-mongoose-in-queensland-53883.html
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