Sovereign Metals upgrades Kasiya resource estimate by 32% ahead of feasibility study

The Malawi-based miner's flagship deposit remains the world's largest natural rutile reserve Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM), the AIM-listed critical minerals company, has significantly upgraded the resource estimate for its Kasiya project in Malawi, sending shares up 9% to 44p. The updated mineral resource estimate (MRE) shows measured and indicated contained rutile rising 32% to 16.1 million tonnes, covering 1.65 billion tonnes of ore graded at 0.98% rutile.