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Stockbox podcast with Alan Green, Mark Fairbairn and Dan Flynn covering #SVML, #FOX, #URU & #PALM
On this week’s Stockbox podcast with Alan Green, Mark Fairbairn and Dan Flynn, we discuss:
- Sovereign Metals #SVML
- Focus Xplore #FOX
- URU Metals #URU
- Panther Metals #PALM
Sovereign Metals #SVML – June 2025 Quarterly Report
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.
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Enquiries |
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Frank Eagar, Managing Director & CEO South Africa / Malawi +27 21 140 3190 |
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Sapan Ghai, CCO London +44 207 478 3900 |
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Nominated Adviser on AIM and Joint Broker |
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SP Angel Corporate Finance LLP |
+44 20 3470 0470 |
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Ewan Leggat Charlie Bouverat |
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Joint Broker |
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Stifel |
+44 20 7710 7600 |
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Varun Talwar |
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Ashton Clanfield |
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Buchanan |
+ 44 20 7466 5000 |
Full board statements and financial statements here
#SVML Sovereign Metals – CONSERVATION FARMING PROGRAM INCREASES YIELDS 4X
SOVEREIGN’S EXPANDED CONSERVATION FARMING PROGRAM INCREASES CROP YIELDS FOUR FOLD
· Malawian farmers who participated in Sovereign’s 2025 Conservation Farming Program increased crop yields by four-times (4x), with the top farmer achieving a 10x yield increase compared to traditional farming techniques
· Conservation Farming Programs were launched by Sovereign in 2024 in parallel with the development of the Kasiya Project, aiming to uplift local communities by supporting the growth of successful smallholder farmers
· The 2025 Program was enthusiastically adopted by an additional 260 local farmers joining the 90 farmers trained in the previous planting season
· This scale of farmer participation and increased yields demonstrates the Program’s effectiveness in sustainably increasing agricultural production during Sovereign’s ongoing Definitive Feasibility Study
· Sovereign has adopted Conservation Farming as one of the cornerstones of its livelihood improvement initiatives for the Kasiya Project
Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX:SVMLF) (Sovereign or the Company) is pleased to announce the results of its 2025 Conservation Farming Program (Program)harvest season at the Kasiya Rutile Graphite Project (Kasiya or the Project) in Malawi.
As part of Sovereign’s commitment to improving livelihoods and local communities near the Kasiya Project, the Company launched a Program in 2024 to support the development of successful smallholder farmers. Local farmers received training to increase maize crop yield, protect soil from erosion and degradation and ultimately improve long-term food security.
During the 2024 harvest season, the Program delivered strong results, with visibly improved crop growth with the 90 participating farmers reporting harvest yields three-times (3x) higher than previous years despite an El Niño-driven drought.
In 2025, 350 farmers, of which 50% are female, have participated in the Program with yield surveys of all farmers who have harvested their crops demonstrating four times (4x) higher than typical yields from conventional farming.
The top farmer this season, harvested 12.8 tonnes/ha i.e. a ten-times (10x) increase in crops, compared to last season’s top farmer who achieved 6 tonnes/ha and a five-times (5x) higher crop yield. Top-performing farmers have not only managed to meet their household food requirements, but have also sold surplus crop with proceeds being used to upgrade their houses and invest in trading businesses.
Managing Director and CEO Frank Eagar commented: “The success of our Conservation Farming Program near Kasiya demonstrates a scalable solution to food insecurity and otherwise perpetiual land degradation in Malawi. By restoring soil health and significantly improving yields, the program promotes lasting self-reliance for local communities. It also reflects our broader commitment to sustainable development and responsible investment in Malawi’s future-where environmental stewardship, social impact, and economic progress go hand in hand.”
Conservation farming involves sustainable permaculture techniques such as crop rotation, minimal tillage, organic mulching, and composting, all aimed at regenerating soil health and boosting productivity over time. It teaches, promotes and monitors responsible land stewardship based on the principles of on-time, to standard, no wastage, with joy.
Figure 1: Conservation farming vs. conventional farming methods
The program’s long-term goal is to enable smallholder farmers to consistently produce surplus crops, creating a pathway to sustainable household income even under challenging climatic conditions. The expanded scale allows the Company to further demonstrate the Program’s positive impacts as part of the ongoing Definitive Feasibility Study for the Kasiya Project.
Figure 2: Sovereign’s Program Results with four fold yield
Figure 3: Sovereign’s Managing Director & CEO, Mr Frank Eagar, inspecting the yield with the local farmers
Sovereign Metals #SVML – DFS Geotechnical Programs In Progress
Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX: SVMLF) (Sovereign or the Company) is pleased to announce that several geotechnical drilling programs are now underway at its Kasiya Rutile Graphite Project (Kasiya or the Project) in Malawi. The results of the programs will be used to support the infrastructure layout and engineering design for the Project’s Definitive Feasibility Study (DFS) due in Q4 2025.
Highlights:
- Extensive geotechnical investigations underway at key project infrastructure locations across Sovereign’s Kasiya Project, and expected to be completed in the coming weeks
- Results will support layout and engineering design for the Kasiya DFS which is due in Q4 2025. These programs are being conducted with oversight from the Sovereign-Rio Tinto Technical Committee
- Planned infrastructure covered by the programs includes mining, process plants, tailings storage facility, water storage dam as well as power and logistics routes
- Results of 2024 infill drilling program and an updated mineral resource estimate expected to be reported during Q2 2025
Infrastructure covered by the geotechnical programs includes the processing plant areas, the tailings storage facility (TSF) area, the raw water storage dam, the Kasiya substation, and other mining infrastructure. Various geotechnical and geophysics methods are being used across the project site area.
Managing Director and CEO Frank Eagar commented: “Following the completion of our Optimised Prefeasibility Study in January, DRA and a number of tier one consultants have been appointed to advance the DFS in combination with our highly experienced owner’s team. Comprehensive data is being gathered from these field programs and will determine optimal locations for our key Project infrastructure. We remain on track to complete a DFS in Q4 2025.”
Geotechnical Programs Summary
Sovereign is currently conducting various geotechnical programs with oversight from the Sovereign-Rio Tinto Technical Committee. The programs are expected to be completed in the coming weeks.
Geotechnical investigations are essential for understanding the physical properties of ground for proposed infrastructure.
Selected locations are based on the findings of the Optimised Prefeasibility Study (OPFS) announced in January 2025. The OPFS proposes a large-scale, long-life operation to deliver substantial volumes of natural rutile and graphite while generating significant returns. The Project layout was determined by evaluating technical, environmental and social factors.
The primary design objectives influencing the site location and arrangement were minimising environmental and social impact and keeping facilities as central and convenient to the mine pits as possible.
Figure 1: Geotechnical diamond drilling at the Northern Plant Area
The current geotechnical programs will, therefore, cover the following.
· North and South mining infrastructure areas
· North and South processing plant areas
· TSF and raw water storage dam areas
· Transport infrastructure: railway spur and main access road
· Permanent and Contractors camp
· Kasiya substation yard and backup power area
Figure 2: Geotechnical diamond drilling program underway
Geotechnical analysis methods being undertaken at Kasiya to understand subsurface conditions and to assist in the engineering and design of earthworks include diamond core drilling, spiral augur drilling, pitting using excavators, trenching, cone penetration tests (CPTu) and Multi-channel Analysis of Surface Waves (MASW). Ground geophysics are being completed using various techniques including active seismic techniques at the TSF site and a resistivity survey at the power substation site.
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Enquiries |
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Frank Eagar, Managing Director & CEO South Africa / Malawi +27 21 140 3190
Sapan Ghai, CCO London +44 207 478 3900 |
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Nominated Adviser on AIM and Joint Broker |
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SP Angel Corporate Finance LLP |
+44 20 3470 0470 |
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Ewan Leggat Charlie Bouverat |
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Joint Broker |
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Stifel |
+44 20 7710 7600 |
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Varun Talwar |
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Ashton Clanfield |
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Buchanan |
+ 44 20 7466 5000 |
Sovereign Metals #SVML – Response to Media Speculation
Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX: SVMLF) (Sovereign or the Company) notes today’s media speculation including an article in the Australian Financial Review on Monday 24 March 2025 in respect of a potential capital raising by the Company.
The Company confirms that it has engaged Petra Capital as Lead Manager and Sole Bookrunner to raise A$40m via a placement at A$0.85 per share (Fundraise). Funds raised will be applied to the Kasiya Rutile Graphite Project’s development costs including permitting, studies and other costs and working capital and offer costs. There can be no certainty that the Fundraise will complete, nor as to the final structure or terms of any such Fundraise.
The Company’s shares on the Australian Securities Exchange (ASX) will continue to be in a voluntary trading halt until the earlier of an announcement to the market regarding the results of the capital raising or the opening of trade on ASX on Wednesday, 26 March 2025.
Trading in the Company’s ordinary securities will continue to trade as normal on AIM, a market operated by the London Stock Exchange, during this period. Further announcements will be made as appropriate.
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Enquiries |
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Frank Eagar, Managing Director & CEO South Africa / Malawi +27 21 140 3190
Sapan Ghai, CCO London +44 207 478 3900 |
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Nominated Adviser on AIM and Joint Broker |
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SP Angel Corporate Finance LLP |
+44 20 3470 0470 |
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Ewan Leggat, Charlie Bouverat |
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Joint Brokers |
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Stifel |
+44 20 7710 7600 |
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Varun Talwar |
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Ashton Clanfield |
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Berenberg |
+44 20 3207 7800 |
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Matthew Armitt |
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Jennifer Lee |
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Buchanan |
+ 44 20 7466 5000 |
Forward Looking Statement
This release may include forward-looking statements, which may be identified by words such as “expects”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions. These forward-looking statements are based on Sovereign’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Sovereign, which could cause actual results to differ materially from such statements. There can be no assurance that forward-looking statements will prove to be correct. Sovereign makes no undertaking to subsequently update or revise the forward-looking statements made in this release, to reflect the circumstances or events after the date of that release.
The information contained within this announcement is deemed by Sovereign to constitute inside information as stipulated under the Regulation 2014/596/EU which is part of domestic law pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) (“UK MAR”). By the publication of this announcement via a Regulatory Information Service, this inside information (as defined in UK MAR) is now considered to be in the public domain.
SCP Equity Research – Kasiya graphite refractory test results are excellent – A$1.65 (83p) price target maintained
Read the full SCO note here: 250219-scp-svm-graphite
Sovereign Metals #SVML – Optimised PFS Outcomes Presentation
Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX: SVMLF) (Sovereign or the Company) is pleased to advise that an updated investor presentation on the Optmised PFS is available to download from the Company’s website at https://sovereignmetals.com.au/presentations/.
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Enquires |
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Frank Eagar, Managing Director & CEO South Africa / Malawi +27 21 065 1890 |
Sapan Ghai, CCO London +44 207 478 3900 |
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Nominated Adviser on AIM and Joint Broker |
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SP Angel Corporate Finance LLP |
+44 20 3470 0470 |
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Ewan Leggat Charlie Bouverat |
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Joint Brokers |
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Stifel |
+44 20 7710 7600 |
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Varun Talwar |
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Ashton Clanfield |
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Berenberg |
+44 20 3207 7800 |
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Matthew Armitt |
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Jennifer Lee |
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Buchanan |
+ 44 20 7466 5000 |