Home » Sovereign Metals (SVML) » #SVML Sovereign Metals – Sovereign Initiates Major PFS Drill Program

#SVML Sovereign Metals – Sovereign Initiates Major PFS Drill Program


· 12,000m drilling program commenced at Kasiya to upgrade higher-grade Mineral Resource areas to underpin conversion to Reserves as part of the planned PFS

· Deeper drilling to target extensions to Indicated zones at depth to base of saprolite (~25m)

· Expansion of the overall mineralised footprint through extensional and regional hand-auger drilling will continue with multiple drill teams

· Updated Scoping Study incorporating the current resource is due for completion in the coming weeks

Sovereign Metals Limited (ASX:SVM; AIM:SVML) (the Company or Sovereign) is pleased to announce the commencement of its Pre-feasibility Study (PFS) drilling program across the Kasiya Rutile Project (Kasiya). This is the first significant work program for the PFS to commence as the Company completes the updated Scoping Study due in the coming weeks.


Dr Julian Stephens (Perth)
Managing Director

+61(8) 9322 6322

Sam Cordin (Perth)
+61(8) 9322 6322

Sapan Ghai (London)
+44 207 478 3900



Nominated Adviser on AIM


RFC Ambrian


Bhavesh Patel / Andrew Thomson

+44 20 3440 6800



Joint Brokers



+44 20 3207 7800

Matthew Armitt


Jennifer Lee


Varun Talwar




Optiva Securities

+44 20 3137 1902

Daniel Ingrams


Mariela Jaho


Christian Dennis

Leave a comment

I would like to receive Brand Communications updates and news...
Free Stock Updates & News
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.