projects in Africa.
Sovereign Metals Limited is an ASX-listed graphite exploration company focused on its 100%-owned, highly prospective flake graphite projects in Malawi, near the capital city of Lilongwe.
The Company controls more than 4,500km² in an emerging graphite province known for high grade, coarse flake graphite and with excellent access to road and rail infrastructure.
In 2015, Sovereign completed a Scoping Study confirming its Duwi Flake Graphite Project as a potential world class, high margin flake graphite project. The Study confirmed Duwi can support a base case scenario with graphite concentrate production of ~110,000 tonnes per annum over an initial mine life of 20 years, and highlighted its potential to become a low cost/high margin flake graphite producer.
Sovereign also has a substantial number of high priority targets that are prospective for saprolite-hosted flake graphite deposits. Saprolite-hosted deposits are sought after because they may have lower production costs over hard rock deposits. Limited ground EM and hand auger drilling to date has identified four major saprolite-hosted graphite prospects within a large, underexplored and highly prospective area.