DRA consultants to lead that study with SVM management and a half dozen or more consultant companies to carry out specific aspects - environmental - processing - tailings etc etc with the other 2 persons employed by SVM a while back. Due for completion late 2021.
Then on to PFS which I'm not sure however I believe management were to do scoping study at a level that much could be used directly for PFS. It is basic mineral sands processing technology such is the host material rutile is in. It is also shallow so simple low cost free dig extraction with tailings returned to the long shallow trenches 25m depth I think I recall. Other thing was graphite study to see if viable by product can be processed. Very simple extraction - processing unlike Mkango reo project or GBE niobium so I would expect it delivered on time and PFS mid next year at latest and BFS late 2022. Company also has a lot of information - companies associated from Malingunde PFS.
We'll know much more soon with quarterly pending.
SVM Price at posting:
45.5¢ Sentiment: None Disclosure: Held
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