SOVEREIGN INITIATES MAJOR PFS DRILL PROGRAM AT KASIYA
· 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.
ENQUIRIES
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Dr Julian Stephens (Perth) +61(8) 9322 6322 |
Sam Cordin (Perth) |
Sapan Ghai (London)
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Nominated Adviser on AIM |
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RFC Ambrian |
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Bhavesh Patel / Andrew Thomson |
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Joint Brokers |
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Berenberg |
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Matthew Armitt |
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Jennifer Lee |
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Varun Talwar |
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Optiva Securities |
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Daniel Ingrams |
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Mariela Jaho |
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Christian Dennis |