Mining
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
RELATED STOCKHEAD STORIES
Mining
Sovereign Metals eyes pit expansion potential at Kasiya rutile project
Mining
Does Thunderbird’s approval (finally) signal showtime for mineral sands?
Mining
Sovereign’s giant 18Mt Kasiya resource just the tip of the iceberg as drills hit rutile at up to double the depth
Investor Guides
Investor Guide: Battery Metals FY2023
Mining
Why a coming collapse of rutile supply will make the titanium feedstock a market to watch
Stockhead TV
Rick Rule eyes two Aussie stock picks for 2022
Mining
Sovereign Metals eyes booming Asian natural rutile market, inking offtake deal with Japanese trading giant Mitsui
News
Market highlights and 5 ASX small caps to watch on Thursday
Mining
Here’s how Sovereign has underscored Kasiya’s Tier 1 credentials
Tech
Closing Bell: ASX plays catch up crash, wins
Mining
Low-cost, quality graphite another boost to Sovereign’s Kasiya project
Mining
Sovereign Metals launches major drill program to kick of PFS work at world class Kasiya rutile
News
Closing Bell: Tech names can’t save small cap index on Tuesday, now the cash rate train has left the station
Mining
Resources Top 5: A rutile-graphite monster emerges
Mining
Sovereign Metals: Kasiya is the world’s largest ever rutile deposit with incredible 1.8 billion tonne resource
News
Top 10 at 10: These ASX battery metals stocks are looking mighty fine this morning
News