logo-loader

Sovereign Metals reveals suitability of graphite for lithium-ion battery market

Published: 13:21 14 Aug 2017 AEST

lithium batteries
Sovereign’s primary objective is sales to high volume, high value, traditional markets

Sovereign Metals Ltd (ASX:SVM) has revealed that its Malingunde graphite concentrates have a strong potential to meet the specifications of major graphite end-markets, including lithium-ion batteries.

The graphite concentrates are from the company’s Malingunde saprolite deposit in Malawi, and is hosted within weathered, soft saprolite (clay) material.

Sovereign’s primary objective is sales to high volume, high value, traditional markets such as refractories, foundries and other industrial applications.

Importantly, the company’s test-work results have highlighted an opportunity for entry into developing markets such as the lithium-ion battery supply chain.

Sovereign’s initial laboratory test-work programme has demonstrated the possibility of producing spherical graphite with suitable benchmark specifications for lithium-ion battery anodes.

Further battery suitability development test works are being planned to commence shortly.

Interestingly, a scoping study for the Malingunde Project in June, 2017 revealed the potential to produce circa 44,000 tonnes of graphite concentrate annually over an initial mine life of 17 years.

The project is at the bottom of the capital and operating cost curves, which is expected to allow Sovereign to enter existing industrial markets at a competitive price point.

Sovereign’s share prices increased by circa 30% in the last year, and were last trading at $0.115 intra-day.

Sovereign Metals outlines ambitious goals and significant achievements -...

In a recent presentation at the Proactive One2One Investor Conference, Sapan Ghai Chief Commercial Officer of Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML), outlined the company's ambitious goals and significant achievements. Sovereign Metals, dual-listed on the ASX and AIM, aims to...

on 1/2/24