Member Info for Swissydog

I am in SVML as well Trek and holding firm. Like you say someone is going to want the control of this one. I think it is around July 16th that Rio decide if they need more time to decide over operation of the mine at which point others will probably want to show their handa.

All the best Swissy

Hi guys did you see the latest RNS on RE in early development pits at Sovereign metals. High grades indeed and would be from tailings after Rutile and graphite extracted. I did mention Soverign before as Rio will need to make an operational decision by around 16th July. Like Trek said the NPV is disconnected hugely to the current sp and even if Rio don't go ahead there will be others I'm sure.

https://www.lse.co.uk/media/sovereign-metals-heavy-rare-earths-at-kasiya-ifq0fxrbr2tgzhm.html

Obviously DYOR but it could be huge medium term and sp hasn't gone silly today either.

Anyway I have a few now so just thought I would mention it.

Cheers Swissy

Here is a link for backgtound reading if it helps.

https://open.substack.com/pub/thatstocksguy/p/halo-minerals-2d0?utm_source=share&utm_medium=android&r=7lje6b

Hi Tro, I just got offered 10.70p to buy Halo live price. It has risks and I haven't pressed the button yet but I am very close on an opening small scale punt as Capex seems very low now. Cheers Swissy

So Halo being offered at 10.7p to by just now live price. It IPO'D at 18p and David Minchin ( yes that Minchin) during recent interview with Charles Archer and proactive, said that an early legacy bound investor that just wanted out was selling hard after IPO and caused price to drop hard ( previously to 11.5p and hokding around 12.5p) and he said that investor was all but out now!

Anyway lots of info out there on hhe net regards Halo and seems very cheap Caoex at the moment. I hrld back as they need sulphuric acid to get copper out of taolings snd lots was supplied from ME i.e. Hormuz issues.

Anyway it may be of interest for you guys and I am tempted to press the buy button soon. Take a look and let me know what you think? Cheers Swissy

Hi guys another interesting update on Amaroq from Charles Archer which makes an interesting read. I average £1 and wanted to bundle some in from HEX but although having bagged there it feels so close to news hopefully before next weeks AGM that I have still holding them all. Anyway I hope some off your recent trades are performing well. All the best Swissy.

https://open.substack.com/pub/thatstocksguy/p/amaroq-d14?utm_source=share&utm_medium=android&r=7lje6b

Total gold sales of 2,970 oz at an average gold price of USD 4,656/oz.

A good average sales price and long may it continue or increase!

Thanks Guys for all of your thoughts 👍🏻 much appreciated. Cheers Swissy

Good afternoon gents, has anybody got any opinions on Halo minerals? They IPO'd recently at 18p and can be had for 12.75p today. They are extracting copper from tailings with proven resouce and are at the DFS stage and heading towards production planning and execution. There is a problem with sulpuric acid market contractions due to China soon to limit export to retain for own use which will affect world wide copper extraction especially Chile which imports most from China. Most BB's say the price is cheap so I am watching it closely for a small start entry. I'm just concerned with the sulphuric acid supplies which I guess they will rely on although production is not imminent. I may also be missing some other reasons to hold back so interested in any thoughts?

Cheers Swissy.

Good afternoon gents, has anybody got any opinions on Halo minerals? They IPO'd recently at 18p and can be had for 12.75p today. They are extracting copper from tailings with proven resouce and are at the DFS stage and heading towards production planning and execution. There is a problem with sulpuric acid market contractions due to China soon to limit export to retain for own use which will affect world wide copper extraction especially Chile which imports most from China. Most BB's say the price is cheap so I sm watching it closely for a small start entry. I'm just concerned of sulphuric acid supplies which I guess they will rely on although production is not imminent.

What do you guys think?

Cheers Swissy.

I have understood from previous mining holdings that most mimingvoperations aim for 15% or above but I am not that experienced to deterimine if this is still regarded as a weaker % on this particular project. The Rare earths still need to be determined which could add some more profit. Overall the ease of extraction on this whole projectcseems to be a major decision maker gor me.

Dai, let's see if this can give the sp a boost along with the far east and US markets lift overnight. It will be interesting to see how Rio react over the next 180 days and if they offer or just become the operator. Fingers crossed. Swissy.

https://www.londonstockexchange.com/news-article/SVML/kasiya-definitive-feasibility-study-results/17549218

An AI answer to your question showing references.

once sovereign metals have done their DFS Rio could make an offer if they wanted but only after an RNS has been made declaring the results to the market otherwise they would be insider trading if making any offer before that. I think that the 180 days relates to effecting operator status.

I hope that helps towards the answer you were looking for. Cheers Swissy

Following the completion of the Definitive Feasibility Study (DFS) for the Kasiya Rutile-Graphite Project in Malawi, Sovereign Metals (ASX:SVM) moves into a critical phase focusing on project financing, final investment decision (FID), and the start of development, with Rio Tinto holding significant options.

Based on reports up to April 2026, here is the sequence of events and expected actions once the DFS is completed:

Rio Tinto Options: Upon the completion of the DFS, Rio Tinto has a 180-day option window to elect to assume operator status for the Kasiya project. Rio Tinto also holds rights to exclusive marketing for 40% of the project's output.

Permitting and Financing: The DFS results, supported by successful rehabilitation trials (showing a 520% increase in crop yields), will allow Sovereign to pursue full environmental approval and finalise "bankable" feasibility for potential funding from development finance institutions.

Offtake Agreements: Sovereign continues to build on non-binding offtake MOUs (such as with Traxys for graphite and Mitsui for rutile) to secure definitive agreements for its product.

Development Pathway: Following the DFS and Rio's operator election, 2026-2027 is expected to involve Front End Engineering and Design (FEED), with potential construction commencement late 2027 or 2028.

Production Timeline: First production from Kasiya is targeted for 2029 to 2030, aiming to become one of the world’s largest integrated natural rutile and graphite operations.

A Whisky with Charles | Substack

A Whisky with Charles | Substack

The DFS, which is being prepared for "world bankable" status, aims to confirm Kasiya's position as the world’s largest natural rutile deposit and second-largest graphite deposit.

Sovereign Metals - by Charles Archer

23 Feb 2026 — The Register, The Overhang, and Why It Doesn't Matter. Sprott holds approximately 5.6% of Sovereign. Directors and management hold more than 10%. T. Rowe Price

Sovereign Metals (ASX:SVM) - DFS by EOY 2024 on World ...

YouTube·Crux Investor

Sovereign Metals accelerates DFS at Malawi’s Kasiya project with ...

16 Apr 2025 — Sovereign Metals Ltd has kicked off a suite of geotechnical drilling and investigation programs at its flagship Kasiya Rutile-Graphite Project in Malawi. The mo...

Proactive Investors

Successful Rehabilitation Trials, 02 April 2026 07:00

2 Apr 2026 — Sovereign's second‑year Kasiya rehabilitation trials produced empirical results—maize yields of 5.2 t/ha (~520% above the 1 t/ha regional average)—that have de‑

Dai there is a new floatation tank set up being fitred which should increase the amount of through put and the % recovery rate is highly increaesed.

Hi Dai, a bit of good reading before the markets open tomorrow. I have been in and out of Amaroq already with good profit. Have taken some more so average around the £1 price as it stands. Anything below £1 especially as Trump plays around with Iran could be worth considering IMO. Lots of info available out there to base some sound research on. Anyway markets open tomorrow, cheers Swissy.

https://open.substack.com/pub/thatstocksguy/p/amaroq-b9b?utm_source=share&utm_medium=android&r=7lje6b

I'm just putting it out there for general opinions but it has seemed a lengthy process to show us the first off take agreement even if it was to be a one off spot price sale. I'm starting to think that the likes of ExxonMobil might be wanting to make a bid or JV ref future drilling for helium off takes or an outright purchase.

They must have customers screaming at them for helium supply security. They would want to know the results of Inez flow rates to determine the Southern dome potential and so that could be causing the delay. I am only guessing but at the same time would not be surprised if that RNS lands out of the blue! Either way I'm holding onto mine as finding out either way will be a boost to the sp. A little more patience and I'm sure the rewards will land soon. Cheers Swissy.

I'm watching Tro. I'm wstching 🤣👍🏻

A diificult decision on that one Dai but I have just grabbed a few more SVML and it is now my larger holding which I will keep longer term.

Gold dropped today which affected Amaroq but the last healthy looking and expected profit margin projections were based on much lower gold prices. I think both shares are worth keeping for 1 to 2 years but obviously monitoring the situation as we go. You could even look to trade smaller swings with the current volatility.

I bought Amaroq originally at 82p after Chriatmas and sold when they got to £1.20 quicker than I expected and Trump was shouting out about owning Greenland. All of the performance credentials are still there so I'm back in. After I sold it pushed up to £1.52 I think but I didn't know how to factor the Trump effect so I took profit.

Dai, Amaroq are going for a London main market listing in 2026. I'm guessing that Index tracker funds etc will be buyers then. We have MRE5 figures to be released this month I believe and recent highs were around £1.50 so good upside possible even short term. Again Charles Archer does regular updates and reports.

Morning Dai, today Amaroq delists from the Canadian exchange onto the uk exchange and so many small Canadian investors may be put off and decide to sell up. This short term affect might present a buying opportunity as anything under £1 could be good value with drlling news die soon. I am looking to add on the pull back.

Cheers Swissy.