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Pin to quick picksSovereign Metals Share News (SVML)

Share Price Information for Sovereign Metals (SVML)

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Share Price: 33.50
Bid: 33.00
Ask: 34.00
Change: 0.00 (0.00%)
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IN BRIEF: Sovereign Metals reports extensions to Kasiya mineralisation

Thu, 01st Feb 2024 20:47

Sovereign Metals Ltd - Malawi-focused mining exploration and development company - Reports southern extensions to the mineralised area at Kasiya in Malawi. Hand-auger drilling has identified a number of zones ranging from around 400 metres to 2 kilometres wide over a strike length of approximately 8 kilometres. Says these results indicate potential to expand the "already significant, high-grade" rutile and graphite mineral resource estimate at Kasiya.

Managing Director Frank Eager comments: "These drilling results re-confirm the significant scale of the Kasiya deposit with the strike now stretching over 37 kilometres long. Sovereign continues to test the extent of regional mineralisation via low-cost hand-auger drilling, which has the potential to increase the already very large Kasiya resource."

Current stock price: 23.80 pence, up 1.3%

12-month change: down 13%

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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