Sovereign Metals, an entity listed company at the Australian Securities Exchange (ASX), has unveiled a pre-feasibility study (PFS) for Malingunde graphite project in Malawi that is anticipated to be completed by 2018.
The PFS builds from the results delivered in the scoping study, which highlighted the potential for a very low capital and operating cost operation with annual graphite production of about 44 000 t over an initial mine life of 17 years.
The company has completed a comprehensive review of the scoping study to assess these opportunities and define key work programmes for the PFS.
Over and above the PFS, approximately 1 000 m of aircore drilling is planned on regional saprolite targets generated by the company’s hand auger drilling programme. Sovereign is targeting completion of the PFS in mid-2018, with certain work programs set to continue into the DFS stage.
Sovereign is expecting production from Malingunde to have the lowest unit operating cost of the future graphite development pipeline, at a scale that can easily be placed into existing traditional markets, primarily in China.