bullish
Sovereign Metals Ltd - Aiming to Be a Dominant Producer of Critical Minerals
SUMMARY
- Sovereign Metals Ltd (ASX:SVM) is an ASX-listed company focused on developing the world’s largest known natural rutile deposit and second largest flake graphite deposit in Malawi in south-east Africa.
- The company is well advanced with its pre-feasibility study and mineral resource update for the Kasiya rutile project and expects to complete this in coming months.
- In March 2023, Sovereign Metals demerged its other graphite projects into a new unlisted public vehicle, NGX Ltd, via an in-specie distribution to shareholders, in order to concentrate on developing Kasiya.
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