Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results
focusIR - A podcast by focusIR
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Sovereign Metals (ASX:SVM; AIM:SVML), the developer of the world’s largest natural rutile and one of the largest natural graphite projects globally, has announced strong graphite test results at the company’s Kasiya project in Malawi. The explorer has told investors the graphite pre-concentrate from its Lilongwe laboratory facility in Malawi has produced high quality concentrates in benchtop and pilot-scale flotation and cleaning tests. These results are significant with the data confirming over 97% Total Graphite Content (TGC) and flotation recoveries exceeding 90%. Furthermore, the flotation results also demonstrated the mine ore upgrades to more than 55% TGC after the first round of flotation. Just as important for the project is the low level of impurities, which Sapan Ghai, chief commercial officer, says; "is exactly what's required for graphite to work well within a battery." In this interview, investors will also learn: - Why these results have reinforced Sovereign’s ‘strong conviction’ that its product is good enough for future customers - What incremental percentage increases in the graphite grade mean for the price that can be achieved for the product - How the graphite concentrate grade compares with those achieved by peers - The company’s future plans for its own laboratory in Malawi Reasons to add SVML to your watchlist: - Commercialising the Worlds largest ever Rutile discovery and the World’s second largest Flake Graphite deposit - Poised to be the largest producer of both minerals at the lowest production cost/t - Positive PFS; NPV8 of US$1,505m with EBITDA of $415m - Strong balance sheet - 15% strategic Investor, Rio Tinto - Positive newsflow expected on Graphite and Rutile over the next six months