Source - Alliance News

Sovereign Metals Ltd - Malawi-focused mining exploration and development company - Reports southern extensions to the mineralised area at Kasiya in Malawi. Hand-auger drilling has identified a number of zones ranging from around 400 metres to 2 kilometres wide over a strike length of approximately 8 kilometres. Says these results indicate potential to expand the ‘already significant, high-grade’ rutile and graphite mineral resource estimate at Kasiya.

Managing Director Frank Eager comments: ‘These drilling results re-confirm the significant scale of the Kasiya deposit with the strike now stretching over 37 kilometres long. Sovereign continues to test the extent of regional mineralisation via low-cost hand-auger drilling, which has the potential to increase the already very large Kasiya resource.’

Current stock price: 23.80 pence, up 1.3%

12-month change: down 13%

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