Sovereign Metals Ltd - Mining exploration and development company focusing on flagship Kasiya rutile deposit in Malawi - Says graphite bulk sample programme for qualification, downstream testwork and product development at Kasiya has begun. Notes programme is producing larger volumes of natural graphite. Adds a ‘significant’ laboratory upgrade is underway to enable continuous production of bulk sampling.

Managing Director Julian Stephens says: ‘Kasiya will potentially be one of the lowest cost flake graphite projects in the world and is also estimated to have one of the lowest global warming potentials of any current and future graphite projects. Sovereign wants to be at the forefront of these critical mineral supply chains and today’s announcement is another important step towards achieving that.’

Current stock price: 25.85 pence, up 1.4%

12-month change: down 2.5%

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