SVM sovereign metals limited

Sprott yesterday: SOVEREIGN METALS (SVM-ASX, A$85m Mkt Cap) –...

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    Sprott yesterday:

    SOVEREIGN METALS (SVM-ASX, A$85m Mkt Cap) – Sovereign has released step out highlights of 10m @ 1.53% rutile (including 3m @ 2.3%) averaging ~6.4m @ 0.9%, with infill highlights of 12m @ 1.3% rutile and averaging ~9m @ 1.0%. Today’s results provide a nice balance of growth to the SW in particular, but also continued infill working toward a mid-2H20 maiden JORC. We see this as the leading mineral sands discovery globally, so expect the maiden resource to act as a catalyst and trigger to a wider investor base, along with a potential overseas listing. Combined with the quick-and-cheap drilling from surface, there isn’t a lot not to like on this name. Our internal estimates already put this at over 300Mt de-risked by the drill bit (including between wide spaced lines), with ‘already drilled’ 178Mt likely to grow after today’s results.

    Hmmm....

    the leading mineral sands discovery globally

    I LIKE IT!

    Cheers

 
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Last
72.0¢
Change
0.025(3.60%)
Mkt cap ! $465.7M
Open High Low Value Volume
69.0¢ 72.0¢ 69.0¢ $211.8K 300.2K

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No. Vol. Price($)
4 42747 70.0¢
 

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Price($) Vol. No.
72.0¢ 51776 4
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Last trade - 16.11pm 10/07/2025 (20 minute delay) ?
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