Sovereign Metals' downstream testwork results

Sovereign Metals Limited (ASX: $SVM) has announced the successful downstream testwork results, demonstrating high-quality graphite for lithium-ion batteries. The testwork, conducted at leading consultancy ProGraphite GmbH in Germany, showcased the production of Spherical Purified Graphite (SPG) with world-leading specifications from Kasiya graphite concentrate. The SPG demonstrated exceptionally low levels of residual impurities, achieving a 99.99% loss-on-ignition (LOI) and all required parameters within industry standards.

Executive Commentary on Testwork Results

These results clearly demonstrate that Kasiya has the potential to disrupt the China dominated graphite supply chain as a long term, secure source of high quality graphite ex-China. We believe Kasiya graphite will have industry low operating costs and is also one of the largest graphite resources globally holding a significant advantage over its graphite peers. We are very pleased to achieve these outstanding results at this stage of the program and will continue fast tracking our graphite product development and qualification campaign.

Summary of Downstream Testwork Results

Sovereign Metals Limited (ASX: $SVM) has successfully demonstrated the high quality of Kasiya graphite for use in lithium-ion batteries through downstream testwork. The results indicate that Kasiya graphite has world-leading specifications, with SPG achieving exceptionally low levels of residual impurities and a 99.99% loss-on-ignition (LOI). The company's Managing Director, Frank Eagar, expressed confidence in Kasiya's potential to disrupt the graphite supply chain and highlighted its low operating costs and significant resource advantage. The next steps involve coating and electrochemical testing to further characterize the CSPG active anode material for lithium-ion batteries, with results expected in the coming weeks.