Sovereign Metals
Primary ticker: ASX:SVM, AIM:SVML
Stage of development: Exploration, Development
Primary minerals: Graphite and Titanium (Rutile)
Project to promote: Kasiya
Project location: Malawi
Website: www.sovereignmetals.com.au
ONE PROJECT – TWO CRITICAL MINERALS – TARGETING NET ZERO
Sovereign Metals Limited is focused on the development of its Tier 1 Kasiya Project – positioned to be one of the world’s largest titanium (rutile) and graphite producers at the lowest cost and with the lowest CO2-footprint globally.
Sovereign is currently optimising a PFS and will start a DFS alongside its strategic partner, Rio Tinto.
Cash: AUD 36,000,000
Debt: NIL
Major shareholders:
Rio Tinto – 15%
Sprott Inc. – 8%
Directors – 7%
Management ownership – 11%
Financials
Management Profile
Sapan Ghai – Chief Commercial Officer
Sapan is a well-known, highly experienced mining executive, corporate financier and investor having been part of Sovereign from the first discovery of rutile. He is a former investment banker (BMO and Standard Bank) and has been involved in numerous finanincgs and M&A transactions.
What is your rationale for taking part in 121 Mining Investment?
To update the market on Sovereign’s recent achievements and develop awareness for exciting next steps.
What recent news would you like to highlight to investors attending?
Jul 23 – Rio Tinto invests $40m to become 15% strategic investor
Sep 23 – PFS confirms Kasiya as an industry leading major critical minerals project
Oct 23 – Key Management Appointments to Drive Development
Nov 23 – Battery graphite program upscaled
Feb 24 – Extensions to rutile mineralisation
Mar 24 – Representative Bulk Sample Delivered to Engineering Lab
Apr 24 – Graphite Expert Appointed to Development Team
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Project PFS optimisation & graphite testwork
6 Months:
DFS Kick Off
12 Months:
Completion of the DFS
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
– Macro impacts on the global markets
What do you think makes your company such a compelling investment?
Genuine Tier 1 Project set to be the largest producer of two critical minerals at the lowest cost of production with the lowest CO2-footprint – with Rio Tinto as strategic investor.
What are the top 3 key investor takeaways?
– Exceptional economics
– Extremely favourable commodity fundamentals
– Best-in-class ESG credentials