Sovereign Metals, Haziran çeyreğinde 2,2 milyar ABD$ tutarındaki DFS'nin ardından Kasiya'yı ilerletti

Sovereign Metals advances Kasiya after US$2.2 billion DFS during June quarter

Thu, July 30, 2026 at 2:49 AM GMT+3 2 min read

Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) advanced the Kasiya Critical Minerals Project in Malawi during the June 2026 quarter, completing a definitive feasibility study (DFS) that outlined a pre-tax net present value of US$2.2 billion.

The study estimated capital expenditure to first production of US$727 million, steady-state annual EBITDA of US$476 million and pre-tax unlevered free cash flow of US$452 million.

Kasiya is expected to produce 222,000 tonnes per annum of natural rutile and 275,000 tonnes of natural flake graphite over an initial 25-year mine life, generating estimated total revenue of US$16.2 billion.

Kasiya development case strengthened

The DFS confirmed a staged development based on two 12-million-tonne-per-annum processing plants, with the second plant scheduled from year five.

A dry mechanical mining method has been selected, removing the need for drilling, blasting, crushing or milling, while tailings would be returned to mined-out pits rather than stored in a conventional tailings facility.

Products are planned to be transported through a purpose-built dry port and along the existing Nacala Logistics Corridor to the Port of Nacala.

The company has also submitted a mining licence application covering the areas included in the DFS mine plan.

US critical minerals strategy

Following completion of the study, Sovereign is prioritising a US-focused commercial strategy positioning Kasiya as a potential non-Chinese source of titanium feedstock and natural graphite.

The company plans to progress existing non-binding offtake arrangements with Mitsui and Traxys toward definitive agreements, while continuing engagement with US government and industry stakeholders.

Testwork also confirmed monazite containing dysprosium, terbium and yttrium across four planned pits, creating potential for a third revenue stream not included in the DFS economics.

Rehabilitation trials support project planning

Second-year rehabilitation trials continued during the quarter, with maize yields expected to match the first-year result of 5.2 tonnes per hectare — around five times the regional average.

Sovereign finished the quarter with A$25.1 million in cash, providing an estimated 6.2 quarters of funding.