Drilling Significantly Increases Scale of Malingunde
Filed with ASX · · 9 pages · English
Summary by 6ix AI
Sovereign Metals Limited reports significant findings from diamond drilling at the Malingunde saprolite-hosted graphite deposit, indicating increased scale and potential for the project. The drilling has revealed thick zones of saprolite-hosted flake graphite mineralisation, with vertical thicknesses exceeding expectations. Initial results suggest that the deposit could be a low-cost operation due to its free-dig nature and simplified processing requirements. The company is optimistic about the project's potential and plans further exploration to delineate a JORC resource.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Watch Sovereign Metals' latest callSovereign Metals (ASX:SVM) — Investor Presentation · Replay · Oct 21Read the transcript of Sovereign Metals (ASX:SVM) — Investor PresentationSovereign Metals Limited on 6ix
Story so far
Earlier from Sovereign Metals
- Further High-Grade Hand Auger Results at Malingunde
- June 2016 Quarterly Report
- Commencement of Pre-Feasibility Study for the Duwi Project
- Sovereign to Fast-Track Duwi Flake Graphite Project
- March 2016 Quarterly Report
Later from Sovereign Metals
- Outstanding Metallurgy for Malingunde Saprolite
- Highest Grade Hand Auger Results to Date at Malingunde
- Placement to Strategic Institutional Investor
- Diamond Drilling Assays Confirm Thick High Grade Saprolite
- September 2016 Quarterly Report
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