Sign up Australia
Proactive Investors - Run By Investors For Investors

Sovereign Metals hits more graphite in Malawi

Sovereign Metals hits more graphite in Malawi

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.

View full SVM profile View Profile

Sovereign Metals Ltd Timeline

Related Articles

Great Boulder Resources' Stefan Murphy at the Proactive's CEO Sessions
September 15 2017
Stefan Murphy discussed the highly anticipated Mt Venn next steps at Proactive's CEO Sessions.
electric cars charging
September 09 2017
Bacanora expects to complete a feasibility study at Sonora by the end of the year
picture of zinc ore
July 28 2017
There has been a large amount of historical drilling conducted at Toral

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use