Sovereign Metals - SVM (ASX) News & Expert Insights from Stockhead

Sovereign Metals Limited (ASX:SVM & AIM:SVML) is an ASX and AIM-listed company focused on the exploration and development of its Kasiya project in Malawi, the only known natural graphite and rutile project.

The Company completed an Expanded Scoping Study which confirmed Kasiya as a large-scale, long-life operation with a low-cost profile as a significant source of critical raw materials – and a recent optimised prefeasibility study then cemented its standing as the largest and lowest-cost future producer of rutile and graphite.

Kasiya has the potential to become a major producer of both the natural rutile and graphite markets whilst contributing significantly to the economy of Malawi.

Natural rutile is the purest, highest-grade natural form of titanium dioxide (TiO2) and is the preferred feedstock in manufacturing titanium pigment and producing titanium metal.

The natural rutile market is in structural deficit with current supply estimated to decline rapidly by 45% in the next three years, following the scheduled closures by two major high-grade producers.

A resurgence in demand for titanium pigment and from the welding sector combined with concurrent supply shortages has led the CIF China spot prices sharply upwards to over US$2,200 per tonne.

KEY PEOPLE

Mr Stoikovich is an experienced mining executive, corporate finance professional and Chartered Environmentalist.

Mr Stoikovich is currently the Chief Executive Officer (CEO) of GreenX Metals Limited (ASX: GRX) and was formerly a Director of the Mining and Metals Corporate Finance Division of Standard Chartered Bank in London, with extensive experience in financing the development of African mining projects and exposure to the mineral sands sector.

Mr Eagar has over 20 years’ experience in the financing, permitting, development and operation of mining projects with a strong focus in southern Africa.

He is a Chartered Accountant who has gained extensive corporate, commercial and technical experience in the mining sector throughout his career.

Mr Eagar has previously held a number of senior executive positions in the resources sector, more recently with an African mining-focused private equity firm.

Highly experienced mining executive and influential corporate financier in the mining industry.

Former investment banker at BMO Capital Markets and Standard Bank originating and executing various mining equity and debt financings, M&A transactions and strategic initiatives.

Qualified as Chartered Accountant with PricewaterhouseCoopers.