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 targeted deep aircore program has extend substantial zones of high-grade rutile mineralisation to depth beneath the initial planned open pit shells at the world’s largest rutile deposit.
“Kasiya continues to grow and will likely become a multi-generational project capable of supplying a reliable and sustainable source of high-purity titanium as natural rutile," said Sovereign managing director Dr Julian Stephens.
The alliance will allow the company to leverage Mitsui & Co’s extensive network and market-leading understanding of the titanium industry and global logistics.
“The Expanded Scoping Study demonstrates Kasiya is a tier-one minerals project being the largest natural rutile resource and one of the largest graphite resources in the world,” managing director Dr Julian Stephens said.
“Importantly, the very low graphite production costs at Kasiya should allow Sovereign to compete aggressively on price point across global graphite markets," says MD Dr Julian Stephens.
The updated MRE positions Kasiya as the largest rutile deposit in the world with more than double the contained rutile of its nearest rutile peer, Sierra Rutile.
"The future development of the Kasiya Rutile Project will bring substantial benefits to Malawi in terms of GDP, royalties, taxes, employment and training, local business opportunities and community development," says MD Dr Julian Stephens.
“We are extremely pleased that prominent green energy investors such as Thematica see the enormous potential of Kasiya, not only to be a major world supplier of low carbon footprint natural rutile, but also a supplier of low carbon footprin
“It is a really remarkable achievement by our team to have made the largest natural rutile discovery ever in just two years since initial identification,” says MD.
“Kasiya could become globally strategically important as it has the potential to supply not one, but two, critical raw materials to world economies looking at building a sustainable future and tackling climate change," says chair.
“We knew from the previous work done by Minviro that natural rutile has a lower carbon footprint than its upgraded substitutes produced from ilmenite. The expanded study now highlights the significant reduction in greenhouse gas emissions t
“Not only did we encounter the highest rutile grades to date, but the coalescing of the Kasiya and Nsaru deposits supports our belief that we have the single largest rutile deposit in the world on our hands," says MD.
“Sovereign’s Kasiya project in Malawi is well positioned to potentially supply two critical raw materials to economies across the globe over several decades,” said chairman.
The company’s maiden MoU is part of its product marketing strategy and comes as demand and pricing for natural rutile are both very strong with the global structural deficit in supply continuing to widen.
Kasiya has significant green credentials, and plenty of goodwill locally too
The new director will also chair the company’s environmental, social and governance (ESG) committee.
The company’s aim was not just to increase its bank balance to further exploration activities at its Kasiya Rutile Project, but also to enhance its shareholder base on the AIM market.
Kasiya is the largest undeveloped rutile deposit in the world, so there’s major upside tied to its development in a market characterised by extreme supply deficit.
This is expected to further raise the company’s profile in the northern hemisphere and facilitate the participation of UK and other European investors in Sovereign’s growth.
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The successful graphite by-product test-work adds valuable product stream to the operation, enhancing the commercial potential of the globally significant rutile project.
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The results will underpin the pending upgrade of the resource estimate, which will target conversion of inferred resources to the higher confidence indicated category to feed into an upcoming scoping study.
“We are really pleased to be listing on the AIM Market which will provide exposure of our globally significant rutile discovery to new capital markets. The company is looking forward to presenting the initial Kasiya Scoping Study before the
The company controls one of the largest rutile deposits in the world with an objective to develop a large-scale, long-life rutile operation.
The objective is to develop a large-scale, long-life, environmentally sustainable and socially responsible natural rutile operation.
The delegation visit shows support from the Malawi government as it looks forward to continuing co-operation with all stakeholders for the project development.
The scoping study at Kasiya is well underway with the engagement of internationally recognised consultants, and is targeted for completion late 2021.
The study is the next major milestone for the company to move the Kasiya Project in Malawi closer towards potential rutile production.
The Toronto-based asset management firm has increased its holding to 10.41% through on-market purchases and placement participation.
The appointment of Paul Marcos as head of development underpins Sovereign’s commitment to rapidly advance the Kasiya Project in Malawi, which is regarded as one of the world’s largest undeveloped rutile projects.
Kasiya could significantly impact the titanium industry with the potential to displace carbon, energy and waste-intensive alternatives
The company believes it has identified a globally significant, strategic rutile province across its large ground holding in Malawi.
Work is ongoing, and so far the edges of Kasiya have yet to be defined
Proceeds will be put towards a definitive feasibility study, additional metallurgy and exploration
The potential to produce rutile from soft saprolite material was highlighted during 2018 laboratory test work.
The two-day Technology and Low Emission Minerals Conference featured many of Australia’s emerging resource companies focused on sustainable operations and new energy minerals.
The conference will be held at the Westin Hotel in Perth next Tuesday and Wednesday, November 13 and 14.
The PFS shows a low-cost potential future mining operation producing premium quality natural graphite products.
Around 600 investors will spend time at the Sydney event on Tuesday or at the Melbourne event on Thursday.
A 99.9995% purity was recorded in downstream application test work for Malingunde flake graphite.
Malingunde is the world’s largest reported soft saprolite-hosted graphite resource.
Malingunde deposit has a resource of 65.1 million tonnes at 7.1% TGC.
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.
