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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Sprott yesterday: SOVEREIGN METALS (SVM-ASX, A$85m Mkt Cap) –...
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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¢ | $211.8K | 300.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 42747 | 70.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
72.0¢ | 51776 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 42747 | 0.700 |
4 | 14644 | 0.690 |
3 | 89000 | 0.680 |
8 | 86900 | 0.670 |
1 | 4300 | 0.665 |
Price($) | Vol. | No. |
---|---|---|
0.720 | 51776 | 4 |
0.725 | 1500 | 1 |
0.745 | 50000 | 1 |
0.750 | 250700 | 3 |
0.755 | 1100 | 1 |
Last trade - 16.11pm 10/07/2025 (20 minute delay) ? |
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