Sovereign Metals: Confirms pit expansion potential at Kasiya, Malawi

Sovereign Metals Confirms pit expansion potential at Kasiya, Malawi

• Sovereign Metals (SVM) confirms significant pit expansion potential at depth at its Kasiya Rutile project in Malawi
• All up, the company completed 191 aircore holes under its latest drilling program, with deeper and thicker rutile intercepts encountered so far than in previous drilling
• Up to 1.95 per cent rutile was intersected, with results confirming that rutile and graphite mineralisation continues from surface to a depth of between 20 and 25 metres
• SVM is now progressing with a pre-feasibility study, which will build on the previously-announced expanded scoping study
• Company shares are trading grey at 36 cents at 3:32 pm AEDT