Sovereign Metals Sapan Ghai highlights a rutile supply crisis and sets sights on mid-2024 Kasiya DFS

Sovereign Metals (AIM:SVML, ASX: SVM) is focused on developing a Tier-One long life dual titanium dioxide and graphite project in Malawi, South East Africa. Sapan Ghai, Chief Commercial Officer presented and took investor questions at our focusIR/London South East Investor Relations webinar, our first live event of the year. In September 2023 Sovereign published a Pre-Feasibility Study which confirmed Kasiya’s potential to be one of the world’s largest and lowest cost producers of both rutile (titanium dioxide) and flake graphite. In mid 2024 the company plan to release a DFS or Definitive Feasibility Study outlining the hugely positive economics of the 25 year mine life project. Mining Major Rio Tinto, the world’s largest producer of titanium slag, partnered with Sovereign last year, paying $40M Australian dollars for a 15% stake in the company. Rio Tinto sit on the technical committee, providing technical advice on how to deliver the most appropriate DFS for Kasiya. Titanium dioxide has many industrial uses including aerospace and paint, and graphite is the largest single component of electric car batteries. The share price is currently around 23.05p and the market cap is £132m.