SVM - Sovereign Metals says Kasiya has potential for industry-leading returns
(NewsDirect)
Sovereign Metals Ltd(ASX:SVM, AIM:SVML) MD Julian Stephens speaks with Proactive afterannouncing the results of a PFS for the company’s flagship KasiyaRutile-Graphite Project in Malawi. He says it is a major criticalminerals project with an extremely low carbon footprint underpinned bysignificant economic returns. Kasiya is the largest natural rutiledeposit and second-largest flake graphite deposit in the world. ThePFS is modelled on a life-of-mine (LOM) of 25 years, with initialprobable ore reserves of 538 million tonnes, representing a conversionof only 30% of the total mineral resource. Kasiya is forecast tobecome the world’s largest rutile producer at 222,000 tonnes perannum and potentially one of the world’s largest natural graphiteproducers outside of China at 244,000 tonnes per annum.
“The release of theKasiya PFS marks another important step towards unlocking a majorsource of two critical minerals required to decarbonise global supplychains and to achieve net-zero,” Stephens said.
“The project benefitsfrom existing high-quality infrastructure and inherent ESGadvantages.
“Natural rutile has afar lower carbon footprint compared to other titanium feedstocks usedin the pigment industry, and natural graphite is a key component inlithium-ion batteries – crucial to de-carbonising the globaleconomy.”
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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