Sapan Ghai, CCO of Sovereign Metals, explains to investors why Rio Tinto has taken a 15% stake

Sapan Ghai, Chief Commercial Officer of Sovereign Metals (AIM:SVML, ASX:SVM), updates investors on the world’s largest ever Rutile (Titanium Dioxide) discovery, the world’s second largest flake graphite deposit and why Rio Tinto has taken a 15% stake in the Company. Sovereign has published a Pre-Feasibility Study (“PFS”) and is working towards optimising a Definitive Feasibiity Study for 2024. Economic highlights of the PFS include: • US$597m capex to first production • Annual production estimates of 244,000 and 225,000 tonnes of graphite and rutile respectively • US$404/t production costs • EBITDA of US$415Mm per year • After Tax NPV8 of US$1,605m Mining Major Rio Tinto paid AU$40Mm stake for a 15% holding in Sovereign Metals in July 2023. Rio has a particular interest in titanium dioxide as it is the world’s largest producer of titanium slag with significant investments in titanium and battery minerals. Reasons to Add Sovereign Metals to your Watchlist: Has the 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 news flow over the next six months #SovereignMetals #SVML #RioTinto #Malawi #Africa #Rutile #Graphite