Operating Highlights
- PFS confirmed Kasiya as a potentially major critical metals project
- With “industry-leading” economic returns and sustainable metrics
- Objective to develop a large-scale long life rutile-graphite operation
Financial Highlights
- Interest Income $0.9m (1H23: $0.1m)
- Exploration & evaluation costs of $5.0m (1H23: $5.8m)
- Business Development costs c. $1.0m (1H23: $1.1m)
- Other overheads & expenses c. $0.8m (1H23: $0.6m)
- Share Based Payments of $1m (1H23; $1.1m)
- Net Operating Loss after tax of $7.0m (1H23: $8.5m)
Market Intelligence
- Commercialising the World’s largest rutile resource
- PFS post tax NPV8 of $1.6Bn
- Industry leading cost metrics
- Rio Tinto Strategic investor at 15%
- Strong balance sheet with Cash & Equiv. of $39.4m
Sovereign Metals (SVML)