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Sovereign Metals Ltd.
Summary
| Project: | Malingunde | |
|---|---|---|
| Deposit: | Malingunde | |
| Location: | Malawi | |
| Commodities: | Graphite | |
| Date: | 8/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 14-8-2018: Sovereign Metals Ltd. announces an Exploration/Drilling Update report for its Malingunde deposit at the Malingunde project. Drilling results incl. 29.0m @ 1.37% TiO2, 13.1% TGC from 0m. Sovereign Metals Limited (“the Company” or “Sovereign”) is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Julia Stephens (Internal) | |
| ABSTRACT: | Sovereign Metals Limited (“the Company” or “Sovereign”) is pleased to report the discovery and successful metallurgical separation of high grade rutile (TiO2) from within the soft, saprolite-hosted graphite deposit at Malingunde in Malawi. The Company is focused on future low-cost production of high quality graphite concentrates at Malingunde. Recent testwork highlighted the potential to produce rutile as a valuable co-product from the graphite tailings. Importantly, clean rutile concentrates are produced (with no cross-contamination with graphite) via a simple process flowsheet using traditional flotation for graphite and typical mineral sands separation methods. Sovereign’s Managing Director Dr Julian Stephens commented, “Sovereign is focused on developing the world-class, low-cost graphite operation at Malingunde. The discovery of rutile-leucoxene as a potential co-product, produced from the graphite tailings via a simple process flowsheet provides the potential for additional revenue streams and enhanced project value. The Company intends to undertake further studies to advance work on this discovery, without compromising the focus upon the development of graphite operations at Malingunde.” | |
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