Sovereign Metals #SVML – Annual Report For The Financial Year Ended 30 June 2022 and AGM

The Directors of Sovereign Metals Limited present their report on the Group consisting of Sovereign Metals Limited and the entities it controlled at the end of, or during, the year ended 30 June 2022 (“Group”).

OPERATING AND FINANCIAL REVIEW

Sovereign is focused on the exploration and development of its Kasiya rutile project in Malawi. The recent Expanded Scoping Study (ESS) confirmed Kasiya as a large-scale, long-life operation with a low-cost profile and future significant source of critical raw materials.

This globally significant project has the potential to become a major producer in both the natural rutile and graphite markets whilst contributing significantly to the economy of Malawi.

Kasiya is a greenfields discovery in central Malawi which is now the largest natural rutile deposit and one of the largest flake graphite deposits in the world. Sovereign is aiming to develop an environmentally and socially sustainable operation to supply the highly sought-after natural rutile and graphite to global markets.

Kasiya will be a simple and conventional operation using traditional and well-developed processes used across the globe on numerous mineral sands and graphite operations.

The proposed large-scale operation will process soft, friable mineralisation that occurs from surface in an area with excellent access and water availability. The Project has high quality surrounding infrastructure including hydro-sourced grid power, bitumen roads and recently upgraded rail lines connecting to the deep water of ports of Nacala and Beira on the Indian Ocean.

Link here to view the full annual report and financial statements

AGM

Sovereign Metals Limited (ASX:SVM; AIM:SVML) also advises that the Annual General Meeting (AGM) of the Company will be held at the Conference Room, Ground Floor, 28 The Esplanade Perth, Western Australia on Friday, 18 November 2022 at 10:00am (WST).

Further information relating to the AGM, including the resolutions proposed and explanatory information in respect of such resolutions, is set out in the Notice of AGM which is available for download on the Company’s website at:http://sovereignmetals.com.au/announcements/

A Form of Instruction will be sent to all depository interest holders allowing them the opportunity to vote via proxy at the AGM.

The Company also advises that an Appendix 4G (Key to Disclosures: Corporate Governance Council Principles and Recommendations) and its 2022 Corporate Governance Statement are also available on the Company’s website.

ENQUIRIES