JORC MINERAL RESOURCE ESTIMATE UPDATE

1.8 Billion Tonnes @ 1.01% Rutile(Ind. + Inf.)

18 Million Tonnes Contained Rutile

Sovereign Metals Limited (ASX:SVM; AIM:SVML) (the Company or Sovereign) is pleased to announce its updated Mineral Resource Estimate (MRE) for Kasiya confirming it as a Tier 1 natural rutile deposit and a potential major source of low CO2 footprint critical minerals natural rutile and graphite.

  • Updated mineral resource estimate (MRE) confirms Kasiya as the world’s largest rutile deposit and second largest graphite deposit
  • Contained rutile at the Kasiya mega-deposit now stands at 18 Mt – tripling the previous MRE
  • Contained flake graphite by-product now stands at 23 Mt
  • High global resource grade @ 1.64% RutEq.* (recovered rutile + recovered graphite)
  • 662 Mt (37%) of the total MRE reports to the Indicated category with remainder in Inferred category
  • Scoping Study to be updated to reflect the substantial MRE scale increase to examine the impact of higher grades, increased production volumes and increased mine-life


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This article includes content from Sovereign Metals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

SVM:AU

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