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Sovereign Metals Ltd.
Summary
| Project: | Malingunde | |
|---|---|---|
| Deposit: | Malingunde, Lifidzi | |
| Location: | Malawi | |
| Commodities: | Graphite-Rutile | |
| Date: | 1/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 24-1-2019: Sovereign Metals Ltd. announces an Exploration/Drilling Update report for its Malingunde, Lifidzi deposit at the Malingunde project. Drilling results incl. 10.0m @ 3.02% Ti2O from 12m. Sovereign Metals Limited (“the Company” or “Sovereign”) is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Julian Stephens (Internal) | |
| ABSTRACT: | Sovereign Metals Limited (“the Company” or “Sovereign”) is pleased to report that re-assaying of historical hand-auger holes has demonstrated high-grade rutile mineralisation hosted in free dig, near surface saprolite material across the Company’s 100%-owned central Malawi exploration licences. The potential to produce rutile from the soft saprolite via a simple process flowsheet using typical mineral sands separation methods was demonstrated during 2018 laboratory test work. Sovereign’s Managing Director Dr Julian Stephens commented, “Sovereign is focused on developing the world-class, low-cost flake graphite operation at Malingunde with the 50t pilot plant work set to commence shortly as we ramp-up DFS activities. This discovery of large areas of high-grade TiO2 suggests the potential also for significant rutile deposits within Sovereign’s large ground holding. Given the currently strong fundamentals of the titanium feedstock market, the Company intends to undertake further exploration and metallurgical studies to advance this potential rutile opportunity.” | |
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