Sovereign Metals (ASX:SVM) is progressing a Definitive Feasibility Study (DFS) at the Kasiya Rutile Graphite Project in Malawi, following the completion of a geotechnical assessment.
Over 400 individual tests were conducted covering mining infrastructure, tailings storage facility, and raw water dam. The preliminary findings indicate “favourable” subsurface conditions that correlate well with the expected regional geology.
Sovereign Metals, which has a market capitalisation of $491.67 million, says the geotechnical investigations provide subsurface data that will inform detailed engineering design and infrastructure planning across major project components.
The company notes understanding subsurface conditions is essential for predicting interactions between in-situ geological strata and the overlying infrastructure.
Further, the geotechnical data will inform the design of foundations, earthworks, slope stability measures, and material suitability.
CEO Frank Eagar says completing these infield geotechnical programs mark another milestone towards completing the DFS.
The Kaisya Project, first discovered in 2019, is located in the Lilongwe District of Southeastern Africa, Malawi.
Sovereign Metals is focused on developing its Kasiya Rutile-Graphite Project in Malawi to become a leading global supplier to the titanium and graphite industries.
Rutile is a mineral primarily used to produce titanium dioxide, which has various uses including pigments in paint, plastics, and paper. Graphite is a versatile material used in a wide range of applications including batteries, refractories, and electrodes.
Write to Aaliyah Rogan at Mining.com.au
Images: Sovereign Metals
