Home » Posts tagged 'svm'
Tag Archives: svm
SCP Equity Research – Kasiya graphite refractory test results are excellent – A$1.65 (83p) price target maintained
Read the full SCO note here: 250219-scp-svm-graphite
Sovereign Metals #SVML – Representative bulk sample shipped
Sovereign Metals Limited (ASX: SVM; AIM: SVML) (the Company or Sovereign) is pleased to announce that our spiral drilling program has extracted, despatched and delivered 30 tonnes of ore from the Kasiya Rutile- Graphite Project (Kasiya or Project) in Malawi to Paterson & Cooke (P&C). P&C, based in Cape Town, South Africa, is a leading engineering consultant in the mining sector.
Highlights:
- First 30 tonnes of ore from Kasiya delivered to engineering consultant laboratory in South Africa
- Ore sample to be used for advanced material handling tests as part of PFS optimisation
- Testwork program designed and approved in collaboration with strategic investor Rio Tinto
The material is representative of ore expected to be mined in the first ten years of production and will be used for advanced bulk laboratory scale test work to optimise technical elements of the previously announced Kasiya Pre-feasibility Study (PFS). These areas include larger-scale pumping, tailings characteristics and dewatering.
Managing Director Frank Eagar commented: “I must commend our geology and logistics teams who, in a very short space of time, successfully extracted and delivered this large representative sample from Kasiya to Paterson & Cooke. This represents a significant step in our ongoing project delivery. Importantly, it also demonstrates the effectiveness of the day-to-day technical involvement of our strategic investor, Rio Tinto, in assisting Sovereign with the Kasiya Project optimisation and bringing this tier one project closer to development.”
As a global leader, P&C has over 30 years of industry experience and expertise in slurry pipeline systems, tailings and mine waste handling, mine backfill, and mineral processing. P&C’s laboratory in Cape Town has a pipe loop facility that will be used to test specific parameters related to the mining, transportation, and handling of Kasiya ore.
The project team, comprising Sovereign and Rio Tinto representatives, designed the test work program, which the Technical Committee then approved. The Technical Committee comprises three Sovereign employees, including Managing Director Frank Eagar, and three Rio Tinto employees, including Rio Tinto’s General Manager for Kasiya. The Technical Committee provides recommendations and advice on technical matters relating to the Project. It was established in line with the Investment Agreement between Sovereign and Rio Tinto following Rio Tinto’s A$40.4 million investment into Sovereign to become a 15% strategic investor.
ENQUIRIES
Frank Eagar (South Africa/Malawi) Managing Director
+61(8) 9322 6322
Forward Looking Statement
Sam Cordin (Perth) +61(8) 9322 6322
Sapan Ghai (London) +44 207 478 3900
Alan Green covers Cobra Resources #COBR and Sovereign Metals #SVML on this week’s Stockbox Research Talks
Alan Green covers Cobra Resources #COBR and Sovereign Metals #SVML on this week’s Stockbox Research Talks
Alan Green covers Fulcrum Metals #FMET & Sovereign Metals #SVML on this week’s Stockbox Research Talks
Alan Green covers Fulcrum Metals #FMET & Sovereign Metals #SVML on this week’s Stockbox Research Talks
Sovereign Metals #SVML – Change of Director’s Interest Notice x4
Sovereign Metals #SVML – Change in directors interests for Benjamin Stoikovich, Julian Stephens, Nigel Jones and Mark Pearce.
|
Name of entity SOVEREIGN METALS LIMITED |
|
ABN 71 120 833 427 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director |
Benjamin Stoikovich |
|
Date of last notice |
12 August 2022 |
Part 1 – Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
|
Direct or indirect interest |
Direct and Indirect
|
|
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
|
Selwyn Capital Limited (beneficial interest)
|
|
Date of change |
21 and 23 November 2022 |
|
No. of securities held prior to change |
(a) 3,590,000 (b) 360,000 (c) 480,000 |
|
Class |
(a) Ordinary Fully Paid Shares (b) Unlisted Performance Rights subject to the “Pre-Feasibility Study Milestone” expiring 30 September 2023 (Previously Definitive Feasibility Study Milestone” expiring 31 December 2023) (c) Unlisted Performance Rights subject to the “Definitive Feasibility Study Milestone” expiring 31 October 2025 (Previously “Decision to Mine Milestone” expiring 31 October 2025) |
|
Number acquired |
(a) Nil (b) 240,000 (c) 120,000 |
|
Number disposed |
Nil – see nature of change below |
|
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
|
Not applicable – see nature of change below |
|
No. of securities held after change |
(a) 3,590,000 (b) 600,000 (c) 600,000 |
|
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Issue of and variation to the terms of existing Performance Rights following shareholder approval. |
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
|
Detail of contract |
Not applicable |
|
Nature of interest
|
Not applicable |
|
Name of registered holder (if issued securities)
|
Not applicable |
|
Date of change |
Not applicable |
|
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
|
Not applicable |
|
Interest acquired |
Not applicable |
|
Interest disposed |
Not applicable |
|
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
|
Not applicable |
|
Interest after change |
Not applicable |
Part 3 – +Closed period
|
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No |
|
If so, was prior written clearance provided to allow the trade to proceed during this period? |
Not applicable |
|
If prior written clearance was provided, on what date was this provided? |
Not applicable |
|
Initial notification/Amendment |
Initial |
|
LEI |
213800NSPXSASTENFQ34 |
|
Place of transaction |
Australian Securities Exchange (ASX) |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director |
Julian Stephens |
|
Date of last notice |
23 June 2022 |
Part 1 – Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
|
Direct or indirect interest |
Indirect
|
|
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
|
One Way Trust (beneficial interest)
|
|
Date of change |
21 November 2022 |
|
No. of securities held prior to change |
(d) 15,657,518 (e) 900,000 (f) 1,200,000 |
|
Class |
(d) Ordinary Fully Paid Shares (e) Unlisted Performance Rights subject to the “Pre-Feasibility Study Milestone” expiring 30 September 2023 (Previously Definitive Feasibility Study Milestone” expiring 31 December 2023) (f) Unlisted Performance Rights subject to the “Definitive Feasibility Study Milestone” expiring 31 October 2025 (Previously “Decision to Mine Milestone” expiring 31 October 2025) |
|
Number acquired |
Nil – see nature of change below |
|
Number disposed |
Nil – see nature of change below |
|
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
|
Not applicable – see nature of change below |
|
No. of securities held after change |
(d) 15,657,518 (e) 900,000 (f) 1,200,000 |
|
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Variation to the terms of existing Performance Rights following shareholder approval. |
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
|
Detail of contract |
Not applicable |
|
Nature of interest
|
Not applicable |
|
Name of registered holder (if issued securities)
|
Not applicable |
|
Date of change |
Not applicable |
|
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
|
Not applicable |
|
Interest acquired |
Not applicable |
|
Interest disposed |
Not applicable |
|
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
|
Not applicable |
|
Interest after change |
Not applicable |
Part 3 – +Closed period
|
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No |
|
If so, was prior written clearance provided to allow the trade to proceed during this period? |
Not applicable |
|
If prior written clearance was provided, on what date was this provided? |
Not applicable |
|
Initial notification/Amendment |
Initial |
|
LEI |
213800NSPXSASTENFQ34 |
|
Place of transaction |
Australian Securities Exchange (ASX) |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director |
Nigel Jones |
|
Date of last notice |
16 February 2022 |
Part 1 – Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
|
Direct or indirect interest |
Indirect
|
|
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
|
Redbeck Partners Ltd (beneficial interest) |
|
Date of change |
21 November 2022 |
|
No. of securities held prior to change |
(g) 225,000 (h) 300,000
|
|
Class |
(g) Unlisted Performance Rights subject to the “Pre-Feasibility Study Milestone” expiring 30 September 2023 (Previously Definitive Feasibility Study Milestone” expiring 31 December 2023) (h) Unlisted Performance Rights subject to the “Definitive Feasibility Study Milestone” expiring 31 October 2025 (Previously “Decision to Mine Milestone” expiring 31 October 2025) |
|
Number acquired |
Nil – see nature of change below |
|
Number disposed |
Nil – see nature of change below |
|
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
|
Not applicable – see nature of change below |
|
No. of securities held after change |
(g) 225,000 (h) 300,000
|
|
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Variation to the terms of existing Performance Rights following shareholder approval. |
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
|
Detail of contract |
Not applicable |
|
Nature of interest
|
Not applicable |
|
Name of registered holder (if issued securities)
|
Not applicable |
|
Date of change |
Not applicable |
|
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
|
Not applicable |
|
Interest acquired |
Not applicable |
|
Interest disposed |
Not applicable |
|
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
|
Not applicable |
|
Interest after change |
Not applicable |
Part 3 – +Closed period
|
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No |
|
If so, was prior written clearance provided to allow the trade to proceed during this period? |
Not applicable |
|
If prior written clearance was provided, on what date was this provided? |
Not applicable |
|
Initial notification/Amendment |
Initial |
|
LEI |
213800NSPXSASTENFQ34 |
|
Place of transaction |
Australian Securities Exchange (ASX) |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director |
Mark Pearce |
|
Date of last notice |
23 December 2021 |
Part 1 – Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
|
Direct or indirect interest |
Direct and Indirect
|
|
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
|
· Mr Mark Pearce and Mrs Natasha Pearce <NMLP Family A/C> (trustee and beneficial interest) · Apollo Group Pty Ltd (director and indirect shareholder) · Crystal Brook Investments Pty Ltd (director and beneficial interest)
|
|
Date of change |
21 November 2022 |
|
No. of securities held prior to change |
(a) 4,295,842 (b) 225,000 (c) 300,000 |
|
Class |
(a) Ordinary Fully Paid Shares (b) Unlisted Performance Rights subject to the “Pre-Feasibility Study Milestone” expiring 30 September 2023 (Previously Definitive Feasibility Study Milestone” expiring 31 December 2023) (c) Unlisted Performance Rights subject to the “Definitive Feasibility Study Milestone” (Previously “Decision to Mine Milestone” expiring 31 October 2025) |
|
Number acquired |
Nil – see nature of change below |
|
Number disposed |
Nil – see nature of change below |
|
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
|
Not applicable – see nature of change below
|
|
No. of securities held after change |
(a) 4,295,842 (b) 225,000 (c) 300,000 |
|
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Variation to the terms of existing Performance Rights following shareholder approval. |
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
|
Detail of contract |
Not applicable |
|
Nature of interest |
Not applicable |
|
Name of registered holder (if issued securities) |
Not applicable |
|
Date of change |
Not applicable |
|
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
|
Not applicable |
|
Interest acquired |
Not applicable |
|
Interest disposed |
Not applicable |
|
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
|
Not applicable |
|
Interest after change |
Not applicable |
Part 3 – +Closed period
|
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No |
|
If so, was prior written clearance provided to allow the trade to proceed during this period? |
Not applicable |
|
If prior written clearance was provided, on what date was this provided? |
Not applicable |
|
Initial notification/Amendment |
Initial |
|
LEI |
213800NSPXSASTENFQ34 |
|
Place of transaction |
Australian Securities Exchange (ASX) |
Sovereign Metals #SVML signs Rutile Offtake MoU with Chemours
Sovereign Metals Limited (ASX:SVM; AIM:SVML) (the Company or Sovereign) is pleased to announce that it has entered into a non-binding Memorandum of Understanding (MOU) with The Chemours Company (Chemours) for the potential supply of 20,000 tonnes of natural rutile per annum from the Company’s Kasiya Rutile Project (Kasiya).
Upon signing the MOU, Sovereign’s Managing Director Dr Julian Stephens commented: “To have signed an MOU for the supply of natural rutile to Chemours, a global leader in the titanium dioxide pigment industry, is a true testament to the quality and strategic nature of our world-class Kasiya Project in Malawi. We are excited to be working with Chemours as a future off-take partner for our premium, low carbon-footprint rutile products.”
The MOU covers the potential supply of 20,000 tonnes per annum of natural rutile at Stage 1 nameplate capacity and an option to take additional product (tonnage to be agreed) when Kasiya reaches Stage 2 nameplate capacity (refer to announcement dated 16 June 2022 entitled Kasiya Expanded Scoping Study Results). Further, volumes may be varied up or down by mutual agreement and pricing will reference market prices of the day (both to be included in the definitive agreement).
The MOU is non-exclusive and non-binding and remains subject to negotiation and execution of the definitive agreement. The MOU will expire two years from the execution date but can be extended by agreement by both parties should a definitive agreement not have been reached by that time.
CHEMOURS: ONE OF THE WORLD’S LARGEST PRODUCERS OF HIGH-QUALITY TITANIUM DIOXIDE PIGMENT
Chemours is a leading provider of performance chemicals that are key inputs in end-products and processes across a variety of industries. Chemours operates 29 manufacturing sites serving approximately 3,200 customers in approximately 120 countries.
Its Titanium Technologies segment is one of the world’s largest producers of high-quality titanium dioxide (TiO2) pigment and aspires to be the most sustainable TiO2 enterprise in the world. Using its proprietary chloride technology—pioneered in 1931 and improving ever since—Chemours provides innovative TiO2 solutions for coatings, plastics, and laminates.
It operates four TiO2 pigment production facilities: two in the United States, one in Mexico, and one in Taiwan totalling TiO2 pigment nameplate capacity of 1.25 million tonnes per year. In the year ended 31 December 2021, Chemours’ Titanium Technologies segment reported net sales of US$3.4 Billion.
ENQUIRIES
Dr Julian Stephens (Perth) Managing Director +61(8) 9322 6322
Sam Cordin (Perth) +61(8) 9322 6322
Sapan Ghai (London) +44 207 478 3900
Sovereign Metals Limited | ASX:SVM AIM:SVML
T: +61 8 9322 6322 | F: +61 8 9322 6558 | E: info@sovereignmetals.com.au | www.sovereignmetals.com.au Level 9, 28 The Esplanade, PERTH WA 6000 | ABN: 71 120 833 427
Forward Looking Statement
This release may include forward-looking statements, which may be identified by words such as “expects”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions. These forward-looking statements are based on Sovereign’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Sovereign, which could cause actual results to differ materially from such statements. There can be no assurance that forward-looking statements will prove to be correct. Sovereign makes no undertaking to subsequently update or revise the forward-looking statements made in this release, to reflect the circumstances or events after the date of that release.
Competent Persons Statement
The information in this announcement that relates to Production Targets, Processing, Infrastructure and Capital and Operating Costs, is extracted from the announcement dated 16 June 2022 entitled ‘Kasiya Expanded Scoping Study Results’ (Announcement). Sovereign confirms that: a) it is not aware of any new information or data that materially affects the information included in the announcement; b) all material assumptions and technical parameters underpinning the Production Target, and related forecast financial information derived from the Production Target included in the Announcement continue to apply and have not materially changed; and c) the form and context in which the relevant Competent Persons’ findings are presented in this presentation have not been materially modified from the Announcement.
Alan Green covers Poolbeg Pharma #POLB & Sovereign Metals #SVML on this week’s Stockbox Research Talks
Alan Green covers Poolbeg Pharma #POLB & Sovereign Metals #SVML on this week’s Stockbox Research Talks
Sovereign Metals #SVML – Date of Annual General Meeting
Sovereign Metals Limited (Company) (ASX:SVM, AIM:SVML) advises in accordance with ASX Listing Rule 3.13.1, that the Company’s Annual General Meeting (AGM) will be held on Friday, 18 November 2022.
An item of business at the AGM will be the re-election of Directors. In accordance with clause 6.2(f) of the Company’s Constitution, the closing date for receipt of nominations from persons wishing to be considered for election as a Director is Friday, 30 September 2022.
Any nominations must be received at the Company’s registered office no later than 5.00pm (Perth time) on Friday, 30 September 2022.
Further information about the AGM, including the Notice of AGM, will be provided to shareholders in October 2022.
ENQUIRIES
|
Dylan Browne Company Secretary info@sovereignmetals.com |
|
Nominated Adviser on AIM |
|
|
RFC Ambrian |
|
|
Bhavesh Patel / Andrew Thomson |
+44 20 3440 6800 |
|
|
|
|
Joint Brokers |
|
|
Berenberg |
+44 20 3207 7800 |
|
Matthew Armitt |
|
|
Jennifer Lee |
|
|
|
|
|
Optiva Securities |
+44 20 3137 1902 |
|
Daniel Ingram |
|
|
Mariela Jaho |
|
|
Christian Dennis |
#SVML Sovereign Metals – Company Presentation
Sovereign Metals Limited (Company) is pleased to advise that an updated Company Presentation is available to download from the Company’s website at: http://sovereignmetals.com.au/company-presentations/ .
ENQUIRIES
|
Dr Julian Stephens (Perth) +61(8) 9322 6322 |
Sam Cordin (Perth) |
Sapan Ghai (London)
|
|
Nominated Adviser on AIM |
|
|
RFC Ambrian |
|
|
Bhavesh Patel / Andrew Thomson |
+44 20 3440 6800 |
|
Broker |
|
|
Optiva Securities |
+44 20 3137 1902 |
|
Daniel Ingrams |
|
|
Mariela Jaho |
|
|
Christian Dennis |
Alan Green covers pre IPO Golden Metal Resources #FCM and AIM & ASX listed Sovereign Metals #SVML #SVM on this week’s Stockbox Research Talks
Alan Green covers pre IPO Golden Metal Resources #FCM and AIM & ASX listed Sovereign Metals #SVML #SVM on this week’s Stockbox Research Talk.