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Iron Ore
109.15
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39,023.71
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38,797.51
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0.6617
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78.00
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2,163.90
(-0.1%)
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46.11
(4.37%)
Iron Ore
109.15
(1.77%)

Sovereign Metals (ASX: $SVM) ships representative bulk sample for advanced material handling tests

Sovereign Metals Limited (ASX: $SVM) Representative Bulk Sample Shipment


Sovereign Metals Limited (ASX: $SVM) has successfully shipped the first 30 tonnes of ore from the Kasiya Rutile-Graphite Project in Malawi to Paterson & Cooke (P&C) in South Africa. The ore sample will be utilized for advanced material handling tests as part of the Pre-feasibility Study (PFS) optimization, in collaboration with strategic investor Rio Tinto.

Executive Commentary on Bulk Sample Shipment


I must commend our geology and logistics teams who, in a very short space of time, successfully extracted and delivered this large representative sample from Kasiya to Paterson & Cooke. This represents a significant step in our ongoing project delivery. Importantly, it also demonstrates the effectiveness of the day-to-day technical involvement of our strategic investor, Rio Tinto, in assisting Sovereign with the Kasiya Project optimization and bringing this tier one project closer to development.

Summary of Representative Bulk Sample Shipment


Sovereign Metals Limited (ASX: $SVM) has achieved a milestone by shipping the first 30-tonne ore sample from the Kasiya Rutile-Graphite Project to Paterson & Cooke in South Africa. The sample will undergo advanced material handling tests to optimize technical elements of the previously announced Kasiya Pre-feasibility Study (PFS). The collaboration with strategic investor Rio Tinto highlights the effective technical involvement and progress towards the development of the Kasiya Project. This shipment marks a significant step in Sovereign's project delivery, demonstrating its commitment to advancing the Kasiya Project towards development and production.

SOVEREIGN METALS LIMITED
SVM | ASX | Materials
0.7-0.0049999999999999(-0.71%)
At close 05/07 (AEDT)
Market cap
$421.3M
Volume
1,439,226
DY Yield
0
PE Ratio
0
52 Week Range
0.37 - 0.725
1YR Return
400%

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