{"id":7679,"date":"2024-03-27T00:18:03","date_gmt":"2024-03-27T00:18:03","guid":{"rendered":"https:\/\/economicherald.net\/?p=7679"},"modified":"2024-03-27T00:18:03","modified_gmt":"2024-03-27T00:18:03","slug":"sovereign-metals-is-expanding-its-already-world-class-1-6bn-kasiya-rutile-and-graphite-deposit","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=7679","title":{"rendered":"Sovereign Metals is expanding its already world-class $1.6bn Kasiya rutile and graphite deposit"},"content":{"rendered":"<p>70+ hole augur drilling campaign kicked off to the north of the Kasiya resource<br \/>\nProject already contains the largest natural rutile, second largest graphite deposit in the world<br \/>\n8km-long extension to mineralisation has also been identified to the south<\/p>\n<p>\u00a0\u00a0<\/p>\n<p><strong><em>Special Report<\/em><\/strong><strong>: Follow up augur drilling north of Sovereign Metals\u2019 Kasiya rutile and graphite resource in Malawi has kicked off, designed to target new areas where mineralisation has been identified.<\/strong><\/p>\n<p>Kasiya, the largest natural rutile deposit and second-largest flake graphite deposit in the world, has a current resource of 1.8 billion tonnes @ 1% rutile and 1.4% graphite, comprised of broad and contiguous zones of high-grade mineralisation that occurs across &gt;201km2.<\/p>\n<p>A <a href=\"https:\/\/stockhead.com.au\/resources\/large-scale-multi-generational-asset-sovereigns-kasiya-will-be-the-biggest-lowest-cost-rutile-and-graphite-producer-in-the-world\/\"><strong>PFS released late last year<\/strong><\/a> showed the deposit\u2019s potential to produce 222,000tpa of rutile and 244,000tpa of natural graphite across an a 25-year life of mine.<\/p>\n<p>That would make SVM the world largest graphite and rutile producers, with costs right down the bottom of the cost curve. Its tier 1 potential has attracted mining behemoth Rio Tinto, which purchased a 15% stake in the company mid last year.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>Resource extensions<\/strong><\/h2>\n<p>SVM is now looking to expand that current mineral resource estimate (MRE) at regional targets north and south of the current deposit.<\/p>\n<p>A 70+ hole hand-auger drill program has been designed to target areas up to 20km north of the current MRE boundary where mineralisation was identified in earlier wide-spaced regional hand-auger drilling.<\/p>\n<p>Drilling is currently underway with four hand-auger teams deployed under the supervision of SVM\u2019s in-country technical team and will be completed in the coming weeks.<\/p>\n<p>The explorer also recently identified an <a href=\"https:\/\/stockhead.com.au\/resources\/sovereign-metals-identifies-8km-extension-of-mineralisation-at-worlds-biggest-rutile-and-second-largest-flake-graphite-deposit\/\"><strong>8km extension of mineralisation to the south<\/strong><\/a> of the deposit.<\/p>\n<p>All newly defined mineralisation in the south remains open at depth due to the limitations of the hand-auger drilling method but are expected to continue to the saprock boundary normally between 20-30m straight down from surface.<\/p>\n<p>The 8km extension to mineralisation south of the main Kasiya deposit. Pic supplied: (SVM)<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Sovereign Metals, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p>\u00a0<\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/sovereign-metals-is-expanding-its-already-world-class-1-6bn-kasiya-rutile-and-graphite-deposit\/\">Sovereign Metals is expanding its already world-class $1.6bn Kasiya rutile and graphite deposit<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>70+ hole augur drilling campaign kicked off to the north of the Kasiya resource Project already contains the largest natural rutile, second largest graphite deposit <a href=\"https:\/\/economicherald.net\/?p=7679\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":7680,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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