Sovereign Metals Ltd (ASX:SVM) is an ASX-listed company focused on the exploration and development of its newly identified rutile province in Malawi. The company recently achieved a major technical milestone with the announcement of the maiden Mineral Resource Estimate (MRE) for Kasiya, the company's flagship project, a large, high-grade rutile deposit.
Kasiya is a strategic and globally significant natural rutile discovery that is expected to generate significant additional resource growth. The Kasiya MRE is 644Mt at 1.01% rutile (0.7% cut-off), including a high-grade component of 137Mt at 1.41% rutile (1.2% cut-off) covering 49km² or just 38% of the total 129km² (Kasiya 89km² + Nsaru 40km²) drill-defined rutile mineralized area.