focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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This is rising nicely on news flow. We are now at the buy in price for Rio Tinto should the choose to take up there additional 4.99% before 21st July 2024.
LSE have just provided the link to this mornings “ Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results” Well worth a listen expanding on the RNS. Everything running to plan and producing top end results. It is surprising that there hasn’t been a better market reaction but then again I don’t think this share is on many radars in the UK. It has been making steady progress in recent months on the shareprice but it is still very undervalue in relation to its potential.
“ NEWS RELEASE I 8 MAY 2024
TESTWORK DELIVERS SUPERIOR QUALITY, LOW IMPURITY GRAPHITE FOR BATTERY ANODES
· Graphite circuit feed prepared at Sovereign's existing Lilongwe laboratory facility has produced high quality concentrates in benchtop and pilot-scale flotation and cleaning
· Four independent laboratories all successfully produced high-grade graphite concentrate averaging over 97% Total Graphite Content (TGC) with flotation recoveries exceeding 90%
· Flotation results demonstrated 1.44% TGC run-of-mine Kasiya ore upgrades to more than 55% TGC rougher concentrate without crushing or milling, process steps typically required for producing graphite concentrates from hard-rock deposits; contributing to the unique low cost characteristics of Kasiya's saprolite hosted graphite
· Graphite concentrates indicate exceptionally low levels of sulphur compared to typical hard-rock graphite peers - a key metric to qualify as active anode material for lithium-ion batteries
· Results are part of ongoing testwork being undertaken as part of the Company's graphite marketing and active anode qualification strategy, supervised by Dr Surinder Ghag
· Downstream testwork to produce and characterise Coated Spherical Purified Graphite (CSPG) active anode material continues at German graphite consultancy ProGraphite GmbH.
Sovereign Metals Limited (ASX:SVM; AIM:SVML) (the Company or Sovereign) is pleased to announce the results of graphite testwork completed at multiple independent laboratories in Australia, Canada and South Africa.
Graphite flotation and cleaning testwork was conducted on graphite circuit feed from Sovereign's Kasiya Rutile-Graphite Project (Kasiya or Project) at four different laboratories, which all successfully produced high-grade graphite concentrate (94.9%-97.8% TGC) at high flotation recoveries (91.2%-97.2%).
The testwork demonstrated excellent results using a conventional flowsheet that was consistent across all laboratories, thus confirming Sovereign's ability to produce a high quality graphite concentrate.
Managing Director Frank Eagar commented: "Our ability to upgrade Kasiya ore at 1.4% graphite to a 55% rougher concentrate without any crushing or milling, highlights more of the unique qualities of Kasiya. There are very limited other graphite projects with these characteristics. The pilot-scale results also confirm that Kasiya produces high-grade concentrates with very low sulphur levels at high recoveries. Simply put, Kasiya will be a standout producer of high-quality graphite concentrate at industry low operating costs."
“GRAPHITE EXPERT APPOINTED TO KASIYA DEVELOPMENT TEAM
· Sovereign further strengthens owner's team through the appointment of graphite and battery anode specialist consultant Dr Surinder Ghag as Chief Technology Officer - Graphite
· Dr Ghag is an expert metallurgist with 25 years of experience across critical minerals including graphite and rutile
· Sovereign is poised to become the global leader in natural flake graphite production, a significant by-product of the Kasiya Rutile-Graphite Project in Malawi
· Dr Ghag's appointment further bolsters the world-class Sovereign Project Development Team which is working alongside strategic investor Rio Tinto to develop Kasiya”
SVML is Up 7.22% in Australia on this news.
I know we are obviously looking for project news too, but its really good to have community news like this too.
A share I can be proud to own. (hopefully)
Nice little carrot added there for achieving the targets set out for this year.
Where can I send my CV?
Featuring sovereign, panther and marula
https://www.youtube.com/live/tdCnhiaSYyk?si=oONUMr3O-Yi__fmf
Of course we never really the reasons behind insider sales, but I do know I've usually regretted not following Directors when they sell.
This Board is always quiet. One of those shares that works silently in the back ground.
With RIO firmly in the picture i would say we have a bright future ahead.
Well those are some healthy accounting figures.
No idea why this doesn't generate any chatter on here yet. Or is it just too early in tha a.m.
So talk on the rio investment, benefits etc. https://youtu.be/tslhsFi9hw4?feature=shared
Fantastic appointment on the basis that it reiterates the intangible benefits of Rio's involvement here.
We have access to world class people.....
Recent research podcast at Stockbox summarises the Sovereign case nicely. The appointment of an ESG officer today is another significant step along the infrastructure road
Stockbox - https://twitter.com/Brand_UK/status/1754219792305721522
Judging by the RIO investment we should see a price move based on RIos options either we see price move up so the option are at less of a premium to SP or Rio decline the options and buy opened market(?) or Rio declines to invest further, which will tell us how they see the DFS progressing.
I don’t see it as 3 years away as an investment I believe the investment return is a RIO takeover which I see as a 2 - 3 bagger on current prices. Open to comment and discussion, I was planning a write up to VIC but beaten to it by a much better write up although we came to similar conclusions.
I found this via a header on this site saying Rio had bought in which always makes me interested and looking at what they have lead to me investing. You only have to look at HE1 to see what happens if the traders start pushing a share although I would prefer them not to in some ways.
I think production could be earlier than 3 years away and, in it's self, isn't why it's so quiet here.
The lateral area of the resource they have, which is increasing, means production could be scaled up over time as a number of smaller processing plants may suit better than just one very large one. You would think that if Rio take over they would want to be producing at higher rates than mentioned in the FS.
Production is 3 years away
I've been modestly invested here for a couple of years and am astounded by the lack of interest in what looks on the face of it to be a pretty low risk (for Africa) investment. Really interested to hear anyone's views on why that is. What am I missing?
After an early spring clean to clear some other holdings that don't look like doing much I have been building a holding here and plan to add more. The RIO angle is clearly very interesting but Sprott being in for 8% is another plus for me.
New Stockbox interview out on iTunes this morning. When asked what would happens if Rio exercised their option to become operator. The answer was Rio are not known for being the operator for small mining companies so I think you should be able to reach you own conclusion.
I think the only unknown here is how many multiples of the current share price will Rio pay for the world class resource that SVML have. Also with this week’s announcement it value increased very substantially because they added a further 8 kilometres to the existing 29 kilometre strike.
Great Presentation. With RIOs involvement this one is a No-Brainer!
One of their 12 Stocks of Christmas
hTTps://audioboom.com/posts/8421283-12-stocks-for-the-12-days-of-christmas-featuring-sapan-ghai-chief-commercial-officer-of-sovereig