HIGHLIGHTS The Scoping Study confirms Kasiya as a globally significant natural rutile project. Kasiya is the largest undeveloped rutile deposit in the world and therefore is highly strategic in a market characterised by extreme supply deficit. This initial Scoping Study develops the concept for a multi-decade mine providing a stable supply of a highly soughtafter rutile (TiO2) and graphite whilst contributing significantly to the economy of Malawi. Exceptional Economics • Scoping Study demonstrates globally significant & strategic project with low capital costs & high returns • Positioned as one of the world’s best undeveloped titanium minerals projects Positioned for growth • The life-of-mine inventory covers just 38% of the drill defined mineralised footprint • Substantial additional resource growth expected in early 2022 to enable the Study to be enhanced Sustainable and ESG Driven • Significant contribution to Malawi via fiscal returns, employment, training & social development • Low carbon footprint operation – hydro & solar power supply Critical raw materials reducing carbon emissions Rutile market in structural supply deficit • Current supply declining with very limited additional production in the pipeline • The current severe structural supply deficit in natural rutile is forecast to continue to widen in the medium & long term Strong relationships • Significant support from the government of Malawi for the development of Kasiya • Highly supportive community to benefit from project development • Establishing relationships with off-takers with significant interest already received
SVM Price at posting:
60.5¢ Sentiment: Buy Disclosure: Held
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