Short Term Trading Weekend Lounge: 7 -9 Apr, page-98

STTCOMP SVM, FA LONG

Sovereign Metals Limited (SVM) is an Australian company engaging in a copper, gold and graphite exploration, identification and appraisal of resource projects. SVM currently focuses on its 100% owned Central Malwi Graphite Project located in Malawi.

CENTRAL MALAWI GRAPHITE PROJECT:
The project is composed of three tenements totaling 7,261sqkm in area being: Exclusive Prospecting License (EPL0355), (EPL0372) and Reconnaissance License (RL0146). The Company has identified six large flake graphite targets through sampling and mapping at Duwi, Ukonde, Chipili, Nyama and Lilongwe River Prospects forming the Duwi Trend in EPL0372and the Nanzeka Prospect in EPL0355. SVM undertook its initial drilling campaign at the Duwi and Nanzeka Prospects. The company also conducts field work activities to investigate a number of graphite prospects from targets identified by the survey.

CARPENTARIA JV PROJECT: The project is a JV with Mount Isa Mines Limited (Xstrata Copper). Mount Isa Mines Limited continues to manage and sole fund all tenements, with current focuses on St Andrews Extended (EPM 12180) and drill test two prospects at Mt Marathon (EPM 8586) and Mt Avarice (EPM 8588).

Market Cap $21.73
Shares 217.3m
SP $0.100

Sovereign Metals Limited (“the Company” or “Sovereign”) is pleased to present results from recent expandability test-work conducted on Malingunde flake graphite concentrates by a renowned German industrial minerals laboratory. The results show world-class expandability characteristics across a number of different size fractions.

The excellent results enhance Sovereign’s ability to target entry into existing, traditional markets for its flake graphite products as the base case to underpin Malingunde development. Developing markets relying on new and evolving technologies (such as Li-ion batteries) remain as attractive future upside potential

HIGHLIGHTS:

Expansion ratios of 480ml/g for +300μm jumbo flake and450ml/g for +500μ super-jumbo flake were achieved; well exceeding those of typical Chinese and Western concentrates currently available on the market.

High expansion ratios such as those achieved from the +500μm super-jumbo and+300μm jumbo flake products are required for the production of high value graphite foils, paper and knitted tape.

The concentrates were free of quartz grains and hence represent a good base material for the preparation of expandable graphite and production of graphite foils.

Expandable graphite is used in various applications such as fuel cells, seals and gaskets, fire retardants and for thermal management in consumer electronics.

Dr Julian Stephens, Sovereign’s Managing Director commented, “The world-class expandability results for the Malingunde graphite concentrates will assist our ability to target existing, traditional markets for our products. The Company’s strategy involves very low-cost production of very high quality graphite concentrates that can be sold to existing industrial markets including refractory and expandable applications. In this way, we avoid any risks associated with slower than expected growth in the Li-Ion battery market, and avoid the technical and economic risks associated with constructing complex, downstream value-add facilities such as spherical graphite plants.”

https://research.iress.com.au/ids/o...FF7B0000444F056653EAE4405A7F1500AD430000&ppv=