Sovereign Metals Limited (ASX:SVM, AIM:SVML, OTCQX:SVMLF) (Sovereign or the Company) is pleased to provide its quarterly report for the period ended 30 June 2025 including advances made at its Kasiya Rutile-Graphite Project (Kasiya or the Project) in Malawi.

HIGHLIGHTS DURING AND SUBSEQUENT TO THE QUARTER

DFS Progresses with Completion of Geotechnical Program and Power Supply MOU Signed

·    In April 2025, the Company announced that several geotechnical drilling programs were underway at all critical project infrastructure locations across Kasiya.

·    Geotechnical investigations were successfully completed subsequent to the quarter end, with preliminary findings confirming favourable subsurface conditions for infrastructure construction.

·    In May 2025, Sovereign and Electricity Supply Corporation of Malawi (ESCOM) entered into a non-binding Memorandum of Understanding (MOU) to ensure the long-term supply of electricity to Kasiya, establishing a framework for negotiating future definitive agreements.

·    In May 2025, the World Bank approved a US$350m grant to support Malawi’s Mpatamanga Hydropower Storage Project to significantly increase Malawi’s installed capacity by 2030.

Japan’s Toho Titanium Confirms Kasiya Rutile’s Suitability for Producing High-Performance Products

·    During the quarter, one of Japan’s premier titanium metal producers, Toho Titanium Company Limited (Toho Titanium), confirmed that natural rutile from Kasiya is suitable for manufacturing its high-specification titanium products critical to aerospace and industrial applications.

·    Toho Titanium is a cornerstone supplier in the global titanium value chain, serving the world’s most demanding aerospace and industrial manufacturers.

New Graphite Tariff Environment Underscores Kasiya’s Global Significance

·    In July 2025, the U.S. Commerce Department announced 93.5% preliminary anti-dumping duties on Chinese graphite imports, fundamentally altering the economics for battery manufacturers seeking secure, cost-competitive supply chains.

·    The new tariff environment highlights Kasiya’s potential as the world’s largest and lowest-cost non-Chinese graphite producer with industry-leading US$241/t incremental cost of production.

·    Latest coating optimisation testwork achieved successful coated spherical purified graphite (CSPG) production characteristics with superior performance metrics to support advancing offtake discussions.

Expanded Conservation Farming Program Increases Crop Yields Fourfold

·    Sovereign’s 2025 Conservation Farming Program increased crop yields for participating farmers by four times (4x), with the top farmer achieving a 10x yield versus traditional farming techniques.

·    Sovereign has adopted Conservation Farming as one of the cornerstones of its livelihood improvement initiatives for the Kasiya Project.

Next Steps

Over the quarter ending September 2025, Sovereign will:

·    continue to advance the Kasiya Definitive Feasibility Study (DFS), including finalising mining fleet design, process plant configuration, and mine gate-to-vessel logistics solutions;

·    advancing rutile and graphite offtake discussions; and

·    further the Company’s community and social development programs in Malawi.

Nominated Adviser on AIM and Joint Broker 

  

SP Angel Corporate Finance LLP 

 

 

Joint Broker 

 

Stifel 

Buchanan 

 

Full board statements and financial statements here

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