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Malingunde Flake Graphite Project puts Sovereign Metals at cost advantage over peers

Sovereign Metals Ltd (ASX:SVM) managing director Julian Stephens updates Proactive Investors on the company's flagship Malingunde Flake Graphite Project in Malawi.

As part of a pre-feasibility study due for completion in the next couple of months, an updated resource estimate of 45.7 million tonnes at 7.2% TGC (total graphitic carbon) was released today.

"Malingunde is a little bit different to most of our competitors' projects in that the deposit is entirely hosted in this soft material called saprolite. So saprolite really is a clay, and what that gives us is substantial mining cost advantages, and substantial capital cost advantages over many of our peers that are hosted in hard rock," explains Stephens.

 

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