Tag Archives: Kasiya rutile

Sovereign Metals Limited (ASX:SVM, AIM:SVML, OTCQX:SVMLF) (Sovereign or the Company) is pleased to provide its quarterly report for the period ended 30 June 2025 including advances made at its Kasiya Rutile-Graphite Project (Kasiya or the Project) in Malawi.

HIGHLIGHTS DURING AND SUBSEQUENT TO THE QUARTER

DFS Progresses with Completion of Geotechnical Program and Power Supply MOU Signed

·    In April 2025, the Company announced that several geotechnical drilling programs were underway at all critical project infrastructure locations across Kasiya.

·    Geotechnical investigations were successfully completed subsequent to the quarter end, with preliminary findings confirming favourable subsurface conditions for infrastructure construction.

·    In May 2025, Sovereign and Electricity Supply Corporation of Malawi (ESCOM) entered into a non-binding Memorandum of Understanding (MOU) to ensure the long-term supply of electricity to Kasiya, establishing a framework for negotiating future definitive agreements.

·    In May 2025, the World Bank approved a US$350m grant to support Malawi’s Mpatamanga Hydropower Storage Project to significantly increase Malawi’s installed capacity by 2030.

Japan’s Toho Titanium Confirms Kasiya Rutile’s Suitability for Producing High-Performance Products

·    During the quarter, one of Japan’s premier titanium metal producers, Toho Titanium Company Limited (Toho Titanium), confirmed that natural rutile from Kasiya is suitable for manufacturing its high-specification titanium products critical to aerospace and industrial applications.

·    Toho Titanium is a cornerstone supplier in the global titanium value chain, serving the world’s most demanding aerospace and industrial manufacturers.

New Graphite Tariff Environment Underscores Kasiya’s Global Significance

·    In July 2025, the U.S. Commerce Department announced 93.5% preliminary anti-dumping duties on Chinese graphite imports, fundamentally altering the economics for battery manufacturers seeking secure, cost-competitive supply chains.

·    The new tariff environment highlights Kasiya’s potential as the world’s largest and lowest-cost non-Chinese graphite producer with industry-leading US$241/t incremental cost of production.

·    Latest coating optimisation testwork achieved successful coated spherical purified graphite (CSPG) production characteristics with superior performance metrics to support advancing offtake discussions.

Expanded Conservation Farming Program Increases Crop Yields Fourfold

·    Sovereign’s 2025 Conservation Farming Program increased crop yields for participating farmers by four times (4x), with the top farmer achieving a 10x yield versus traditional farming techniques.

·    Sovereign has adopted Conservation Farming as one of the cornerstones of its livelihood improvement initiatives for the Kasiya Project.

Next Steps

Over the quarter ending September 2025, Sovereign will:

·    continue to advance the Kasiya Definitive Feasibility Study (DFS), including finalising mining fleet design, process plant configuration, and mine gate-to-vessel logistics solutions;

·    advancing rutile and graphite offtake discussions; and

·    further the Company’s community and social development programs in Malawi.

Full board statements and financial statements here