Sovereign Metals Limited (ASX:SVM & AIM:SVML) is an ASX and AIM-listed company focused on the exploration and development of its Kasiya rutile project in Malawi.
The Company recently 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. 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

  • Julian Stephens – Managing Director

    Dr Stephens is a Geologist with over 20 years experience in mineral exploration across many commodity types, and has spent 14 years working on minerals projects in Malawi.

    Dr Stephens identified, secured and led the team that discovered rutile and graphite mineralisation across Sovereign’s large ground position in Malawi.

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  • Sam Cordin – Corporate Development

    Experienced executive that has been involved with a number of ASX and AIM listed exploration and development companies operating in the resources sector.

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  • Ian Middlemas – Chairman

    Highly regarded Chairman and executive in the resources sector with enviable track record of identifying, financing and developing major resource projects. Mr Middlemas is currently the Chairman of a number of publicly listed.

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