Sovereign Metals LimitedASX: SVM

Commencement of PFS at Malingunde

· Issued by Sovereign Metals Limited

Filed with ASX · · 5 pages · English

Summary by 6ix AI

Sovereign Metals Limited has announced the commencement of a Pre-feasibility Study for the Malingunde Project, which is noted for its low cost of flake graphite production. The study aims to build on previous scoping study results, highlighting the potential for low capital and operating costs, with significant annual graphite concentrate production expected. The company is fully funded to complete the study and has appointed key personnel and consultants to ensure its success. The PFS is expected to generate significant news flow over the coming months as various work programs are implemented.

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