Extension to Rutile Mineralisation at Kasiya
- 0.4km Drill Programme at Kasiya outside JORC (2012) MRE Area:
- 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
Bulk Sampling
- 1st 30 tonnes bulk sample shipped:
- From Kasiya Rutile-Graphite Project in Malawi
- To Paterson & Cooke Cape Town, South Africa
- Representative of the ore to be mined over the initial 10 years of production
Lab Testing at Peterson & Cooke
- P&C is a global leader in mining systems, tailings and waste handling
- Advanced bulk laboratory-scale test work to commence
- Data to optimise technical elements of PFS including:
- Larger scale pumping
- Tailings characteristics
- Dewatering
- Conservation Farming Program in Malawi
Includes techniques:
- Minimum soil disturbance, such as no-till farming
- Maintenance of a permanent soil cover, such as cover crops or crop residues
- Diversification of plant species, such as crop rotation
Part of SVML‘s ESG Strategy
- Conservation Farming Program in Malawi:
- Training local farmers in sustainable techniques
- Supporting local communities to address their social priorities
- Program has tripled crop yields in a season that is predicted have 20% lower yields due to El Niño weather
Market Intelligence
- Commercialising the World’s largest rutile resource
- PFS post tax NPV8 of $1.6Bn
- Rio Tinto Strategic investor at 15%
- Cash & Equiv. of $39.4m (1H24)
- Technical committee comprises 3 SVML employees and 3 Rio Tinto employees
Sovereign Metals (SVML)