Sovereign Metals Ltd - mining exploration and development company with assets in Malawi - Starts infill drilling programme to upgrade its Kasiya rutile-graphite project in Malawi aimed at supporting ongoing technical studies. Sovereign Metals expects the resource upgrade in early 2025. Managing Director Frank Eagar says: ‘Our infill drilling program will target areas of Kasiya where we expect the first seven to eight years of production to come from. The program design was overseen by the Rio Tinto-Sovereign Technical Committee, which again illustrates the benefits of the Rio Tinto partnership since their initial investment in July 2023.’

Current stock price: 32.40 pence per share, up 1.3% on Monday afternoon in London

12-month change: up 27%

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