Sovereign Metals Reports Strong DFS and Resource Upgrade for Kasiya Project
Sovereign Metals Ltd has released a definitive feasibility study (DFS) for its Kasiya project, revealing a pre-tax NPV of $2.2 billion and a significant resource upgrade. The project is positioned to become a leading global source of natural rutile and graphite, supporting the demand for critical minerals.
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The definitive feasibility study (DFS) for Sovereign Metals' Kasiya project shows a pre-tax NPV of $2.2 billion, with an initial capex of $727 million. The project forecasts annual EBITDA of $476 million and free cash flow of $452 million, alongside a total revenue projection of $16.2 billion over a 25-year mine life.
A significant mineral resource upgrade has increased total resources to 2.1 billion tonnes, with contained rutile at 20.3 million tonnes and graphite at 20 million tonnes. Non-binding agreements with Mitsui and Traxys indicate strong demand for rutile and graphite, crucial for supply chains outside China. Sovereign's cash position stands at $29.3 million, providing a solid runway for continued project development and ESG efforts.
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