December 14, 2017

Sovereign Metals aims to complete Malawi graphite project PFS in 2018

Malingunde project in Malawi. Photo/Courtesy of Sovereign Metals

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.

In June 2017, Sovereign Metals reported the results of the scoping study for the Malingunde project, where it identified numerous opportunities to further enhance the project economics.

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.

 

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