#SVML Sovereign Metals LTD – Malawi Rail Upgrades Underway
Malawi Rail Upgrades Underway · Upgrading of the 399km Nkaya-Mchinji section of railway currently underway as part of Government of Malawi’s “Rail Strategy and Growth Plan” · Railway runs across Sovereign’s Kasiya Rutile-Graphite tenements from Mchinji at the Malawi-Zambia border to Nkaya Junction, where it connects to the Nacala Logistics Corridor providing an export route through the […]
Sovereign Metals #SVML – Quarterly report for the period ended 31 March 2024.
Sovereign Metals Limited (Company or Sovereign) (ASX:SVM & AIM:SVML) is pleased to provide its quarterly report for the period ended 31 March 2024. HIGHLIGHTS Extension to Rutile Mineralisation at Kasiya · Wide-spaced regional reconnaissance drilling, outside the current JORC (2012) Mineral Resource Estimate (MRE) area, identified an 8km extension of mineralisation to the south, which […]
#SVML Sovereign Metals LTD – Follow-Up Drilling Initiated North of Kasiya
FOLLOW-UP DRILLING INITIATED NORTH OF KASIYA RESOURCE AREA · Wide-spaced regional follow-up drilling for the Kasiya Project underway focusing on the region to the north of the current resource footprint, with results from the drill program expected in the coming weeks · Recently reported reconnaissance drilling to the south identified an 8km extension of mineralisation […]
Sovereign Metals #SVML – Half Year accounts
Kasiya is the largest rutile deposit in the world with more than double the contained rutile as its nearest rutile peer, Sierra Rutile. The Kasiya Mineral Resource Estimate (MRE) is 1.8 Billion tonnes (Bt) at 1.0% rutile resulting in 17.9 Million tonnes (Mt) tonnes of contained natural rutile and 24.4Mt of contained graphite. The MRE […]
#SVML Sovereign Metals LTD – Capabilities Strengthened with Key Appointments
Sovereign Metals Limited (ASX:SVM; AIM:SVML) (the Company or Sovereign) is pleased to announce three senior appointments and promotions across key legal, permitting, and technical functions in Malawi. The appointments have strengthened the Company’s in-country capabilities as it continues to advance its Kasiya Rutile-Graphite Project (Kasiya). Mr Maxwell Kazako has been appointed Acting In-Country Manager following […]
#SVML Sovereign Metals LTD – December 2023 Quarterly Report
Project Optimisation · During the quarter, Sovereign advanced optimisation test work and technical studies for the Kasiya rutile-graphite project (Kasiya or the Project) with the Company’s strategic investor, Rio Tinto · Significant field activities and a number of test work programs have commenced in order to provide data for the Project optimisation phase · The […]
Sovereign Metals #SVML – September 2023 Quarterly Report
Sovereign Metals Limited (Company or Sovereign) (ASX:SVM & AIM:SVML) is pleased to provide its quarterly report for the period ended 30 September 2023. HIGHLIGHTS Pre-Feasibility Study confirms Kasiya’s market leading position in Two Critical Raw Materials · Natural Rutile – the highest-grade, purest, natural titanium feedstock o The world’s largest rutile deposit o Positioned to […]
#SVML Sovereign Metals LTD – Kasiya Pre-Feasibility Study Results
PFS CONFIRMS KASIYA AS A MAJOR CRITICAL MINERALS PROJECT DELIVERING INDUSTRY-LEADING ECONOMIC RETURNS AND SUSTAINABILITY METRICS ECONOMIC HIGHLIGHTS US$1,605M 28% US$415M After Tax NPV8 After Tax IRR Ave. Annual EBITDA US$16Bn US$404/t US$597M Total Revenue (initial modelled 25 years LOM) Operating Cost (FOB Nacala per tonne of product) Capex to 1st Production PFS HIGHLIGHTS […]
#SVML Sovereign Metals – June 2023 Quarterly Report
Sovereign Metals Limited (Company or Sovereign) (ASX:SVM & AIM:SVML) is pleased to provide its quarterly report for the period ended 30 June 2023. HIGHLIGHTS Rio Tinto invests $40.4m to become a 15% Strategic Investor · Subsequent to the end of the quarter, Rio Tinto made an investment of A$40.4 million in Sovereign resulting in an […]
#SVML Sovereign Metals Limited – Kasiya Recognised by the President of Malawi
GLOBAL SIGNIFICANCE OF KASIYA RECOGNISED BY THE PRESIDENT OF MALAWI AT UNITED NATIONS Sovereign Metals Limited (ASX:SVM; AIM:SVML) (the Company or Sovereign) was delighted with a special mention of the Kasiya Rutile Project (Kasiya) by His Excellency Dr Lazarus McCarthy Chakwera, President of the Republic of Malawi, during his address at the 77th session of The United Nations General […]