Follow-Up Drilling
- 0.4km Drill Programme at Kasiya
- 70+ hole target area up to 20km North of MRE boundary
- 4 hand-auger drilling teams deployed
Drilling to be completed in coming weeks
- Followed by processing at Company’s Lilongew lab facility
- Analysis at International Certified labs thereafter
Southern MRE Extension
- Hand-Auger drilling completed South of MRE
- Identified significant strike extension of c. 8km
- Parallel mineralised zones from 0.4km to 2km wide
- Between 20-30 vertical metres from surface
Market Intelligence
- Commercialising the World’s largest rutile resource
- PFS post tax NPV8 of $1.6Bn
- Industry leading cost metrics
- Rio Tinto is a “Strategic Investor” at 15%
- Strong balance sheet with Cash & Equiv. of $39.4m
- Potential to expand MRE at Kasiya
Sovereign Metals (SVML)