Apr. 16 at 11:17 PM
$SVMLF Sovereign Metals shares jump on Kasiya feasibility study
Thu, 16th Apr 2026 15:21
Sharecast News
(Sharecast News) - Sovereign Metals said on Thursday that a definitive feasibility study for its Kasiya rutile-graphite project in Malawi had confirmed strong economics and the potential to become a globally significant supplier of two critical minerals.
The AIM-traded firm said the study outlined a 25-year initial mine life generating total revenue of
$16.2BN, with steady-state annual EBITDA of
$476M and pre-tax free cash flow of
$452M.
It said the project carried a pre-tax net present value of
$2.2BN at an 8% discount rate and an internal rate of return of 23%, with capital expenditure to first production estimated at
$727M, implying an NPV-to-capex ratio of 3.0x.
At full production, Kasiya was expected to produce 222ktpa of natural rutile and 275ktpa of natural flake graphite, positioning Sovereign as a potential global leader in both markets.