---
title: "Sovereign Metals Ltd (ASX:AIM:SVML) December 2021 Quarterly Report"
publisher: "Share Talk"
author: "sharetalk"
published: "2022-01-31T07:52:42+00:00"
modified: "2022-01-31T07:52:42+00:00"
date: 2022-01-31
canonical: "https://www.share-talk.com/sovereign-metals-ltd-asxaimsvml-december-2021-quarterly-report/"
category: "Investment Reports"
categories: ["Investment Reports"]
tags: ["Julian Stephens", "Kasiya", "Kasiya Rutile", "Malawi", "northern hemisphere", "Optiva Securities", "Project", "rutile", "Sam Cordin", "Sapan Ghai", "Sovereign Metals", "SVLM"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Sovereign Metals Ltd (ASX:AIM:SVML) December 2021 Quarterly Report

**Published:** January 31, 2022
**Author:** sharetalk
**Categories:** Investment Reports
**Tags:** Julian Stephens, Kasiya, Kasiya Rutile, Malawi, northern hemisphere, Optiva Securities, Project, rutile, Sam Cordin, Sapan Ghai, Sovereign Metals, SVLM
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1)

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**Sovereign Metals Limited** (Company or Sovereign) (ASX:SVM & AIM:SVML) is pleased to provide its quarterly report for the period ended 31 December 2021.

**HIGHLIGHTS**

Initial Scoping Study confirms Kasiya as a globally significant natural rutile project

· The initial Scoping Study confirmed a multi-decade operation providing a stable supply of highly sought-after rutile (TiO2) and graphite whilst contributing significantly to the economy of Malawi

· Kasiya is the largest undeveloped rutile deposit in the world and is highly strategic in a market characterised by extreme supply deficit. The Scoping Study demonstrated outstanding results including:

o a 12Mtpa operation producing 122kt rutile and 80kt graphite per annum over a 25 year mine life

o exceptional economics including a post-tax NPV8 of US$861m and post-tax IRR of 36%

o a large-scale operation with a low-cost profile resulting from the deposit’s near surface nature, grade and excellent existing infrastructure

o a low carbon operation with the project to be powered by 100% renewables (hydro and solar)

· The Project is positioned for substantial growth with the current life-of-mine inventory covering only 38% of the drill-defined mineralised footprint. Substantial additional resource growth is expected in early 2022 to enable the Study to be enhanced

· Sovereign is aiming to develop an environmentally and socially sustainable operation to supply natural rutile that can displace carbon, energy & waste intensive alternatives like synthetic rutile and titania slag

**Mineral Resource Estimate (MRE) upgrade to support Scoping Study**

· During the quarter, the Company reported a MRE upgrade with over 50% now in the higher confidence Indicated category

· The MRE upgrade was underpinned by results from the core drilling program completed during the quarter, which confirmed the thick, continuous and high-grade nature of the deposit

· The upgraded MRE contains ~3.1Mt of rutile in the Indicated category and ~2.8Mt of rutile in the Inferred category

**Outstanding metallurgy**

· Bulk scale metallurgy test-work demonstrated very high recoveries of premium quality rutile products and a high-grade, coarse flake graphite by-product

· World-class specification rutile products ranging from 95.0% to 97.2% TiO2 with low impurities and stand-out recoveries ranging from 100% to 94%

**Commencement of trading on the AIM Market**

· On 14 December 2021, the Company’s shares were [admitted to the AIM market of the London Stock Exchange](https://www.share-talk.com/sovereign-metals-ltd-svml-l-sovereign-to-commence-trading-on-aim/#gs.o66iwd)

· The dual listing has increased the Company’s profile in the northern hemisphere and facilitated the participation of UK and other European investors in Sovereign’s growth

ENQUIRIES

**Dr Julian Stephens (Perth)**

**Managing Director**

**+61(8) 9322 6322**

**Sam Cordin (Perth)**

**+61(8) 9322 6322**

**Sapan Ghai (London)**

**+44 207 478 3900**

[Read More](https://www.investegate.co.uk/sovereign-metals-ltd/svml/december-2021-quarterly-report/202201310700090776A/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Sovereign+Metals+Ltd%20Alert)

To view the announcement in full including all illustrations and figures, please refer to the full announcement at [http://sovereignmetals.com.au/announcements/](http://sovereignmetals.com.au/announcements/)

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