For the life of me I'm amazed for the lack of interest in this stock that has a proven WORLD class deposit of Graphite at the very lowest end of the cost curve and now this! In 2017 Sovereign delivered the world’s largest reported soft saprolite-hosted graphite resource and scoping study, highlighting that the Project has capital and operating costs per unit at the very bottom of the graphite supply cost-curve.
Ann: High-Grade, Broad & Widespread Rutile Potential in Malawi
Overall, the TiO2 chemical assay results exceeded the Company’s expectations. Much higher TiO2 valuesthan occurred in the initial metallurgical and assay samples from Malingunde in 2018 were returned, overlarge areas. Of a total 125 hand-auger holes assayed, 26 holes (21%) average 2.34% TiO2 using a 2.0%lower cut and 96 holes (78%) average 1.89% TiO2 using a 1.5% lower cut.
According to the world’s largest rutile producer, Iluka Resources, suppliesof natural rutile are in structural deficit. For reference, Sierra Rutile Limited, which is owned by Iluka, produces rutile as its primary product fromSierra Leone at a reserve grade of ~1.3% with an overall resource grade of ~1.0% rutile.
A few years ago Bell Potter tagged the small cap graphite explorer with a BUY (speculative) recommendation.
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