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SVM - Sovereign Metals

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Hi DJ this is what I was told late Feb

"Xstrata drilling was completed in Dec over tennements near Rocklands, was told that drilling was completed in Dec and they are waiting for a report from Xstrata so that they can ann drilling results"


Why there is such a delay I don't know but it looks like the new theme for mining companies, delays and missed deadlines!

Oh well like MOX and BCN patience will be required
 
ok ive been looking over the SVM prospectus and it looks great. i cant believe that SVM have been so overlooked. take a look at their tenements in relation to rocklands! reading through CDU reports show that the strike is open to north and they have already identified large extensions to the original hit.

the SVM tenements look like it adjoins directly to CDU tenements. i will check on the mineral tenement location site to confirm this (probably tonight sometime).

with xstrata on board can only mean good things. all we need now is drill results. with tiny market cap of around 12 million (correct me if im wrong) and been very tightly held this one will fly upon return of any decent hits.
 
dj_420 said:
ok ive been looking over the SVM prospectus and it looks great.

with tiny market cap of around 12 million (correct me if im wrong) and been very tightly held this one will fly upon return of any decent hits.
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yes, it's worth considering as a punt.

Echelon res is probably a better bet as drilling results of the Yerillie U tenements will be due in the next month or two.

I wouldn't be expecting results from SVM for quite some time going by the prospectus.
 
hey jimminy

drilling was already completed in december. spoke to director today and he expects results to be here mid to the end of this month, so in the next few weeks.

he was very upbeat about the prospects that the tenements could hold, in addition to having the expertise from major mining house xstrata on board, IMO this one at current market cap is greatly undervalued. considering CDU monster hits and SVM tenements literally just north of the CDU area.
 
results on which area did you ask him about? Thanks, would appreciate this DJ.
 
I was told near Rocklands,

Also Jimminy ECH don't hold any SVM they spun it out completely
 
YOUNG_TRADER said:
I was told near Rocklands,

Also Jimminy ECH don't hold any SVM they spun it out completely
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YT - they are a majority shareholder.
 
Buying suggests somethings up!

Those drilling results 2km's away from Rocklands maybe?

Xstrata sure do take their sweet **** time!
 
MC - $16m
SP - 32c
Shares - 51.5m
Options - NQ
Cash - $2.3m

The latest passenger on the graphite train, and doesn't the chart show it!

SOVEREIGN TO ACQUIRE MAJOR COARSE FLAKE GRAPHITE PROJECT IN MALAWI, AFRICA
• Controlling ground position in a major graphite province that hosts other significant graphite projects including Balama - Syrah Resources Ltd (ASX: SYR).
• 100% unencumbered control of 8,070km² of prime graphite terrain. Main prospects within 50km of operating railway that connects to the Nacala deep water port.
• Five major, regional graphite gneiss belts identified with over 100km² of verified outcropping graphite gneiss and a cumulative strike length of ~270km.
• Three prime prospects already identified – substantial areas of high-grade graphite gneiss at surface. At the Tuinchi Prospect, historic rock chip grades of up to 21% total graphitic carbon (“TGC”) and representative average of 10.5% TGC have been recorded.
• At least a further 50 separate targets with known graphite gneiss in outcrop and/or logged in historical water bore drilling will be progressively explored.
• Majority of graphite mineralisation identified to date is of the coarse to very coarse flake variety. Historical metallurgical test-work on projects in this region shows that high grade, coarse flake concentrates can be produced.
• Substantial news flow expected over the coming months with:
- Exploration activities consisting of mapping and rock chip sampling having already commenced.
- An initial trenching programme has now been finalised and is expected commence in the coming weeks.
- An airborne electromagnetic (“EM”) survey to extend and better define existing graphite targets and identify new priority targets within the Project area is expected to commence as soon as possible.
- Drill programmes are expected commence progressively as results from other activities are assessed.

JUNE QUARTER ACTIVITIES
● Xstrata Copper continues to manage and sole fund all tenements comprising the Carpentaria Joint Venture (“CJV”). Xstrata Copper advised that during the quarter, they commenced mapping at the Saint Andrews Extended (EPM 12180). Mapping is focussing on Beauty prospects 1, 2, 3 and 4, with the intention of understanding the alteration patterns, structural trends and mineralisation style. Field work and interpretations are ongoing.
Mapping also began at the Brown Snake North prospect, Fountain Range (EPM 12561).
● Sovereign continued to review its existing resource assets, including the prospective Tate River Project in north-east Queensland and its other 100% owned tenements near Cloncurry in western Queensland.
● The Company believes the Tate River Project is prospective for precious and base metal discoveries and is progressing with a review of all available data with a view to defining new drill targets and recommencing exploration activities at Tate River.
 

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Over seven years since the last post in this thread, so it's probably time for an update.

The Company's current focus is on the exploration and development of the highly prospective rutile mineralisation discovered across its >4,000km² strategic ground holding in Malawi, specifically the high-priority Railroad target zone.

A shallow drilling program is currently underway with the aim of delineating an initial mineral resource and yesterday SVM released the first drilling results from that campaign:



These results have given the SVM share price a nudge in the right direction and it is up from 8.9c to 10.5 in the last couple of trading sessions.

SVM's Managing Director Dr Julian Stephens commented: "The first quantitative results from our drilling program show a significant zone of rutile mineralisation at Railroad. Our immediate drilling program is looking to expand this zone and test the very large, high tenor rutile soil anomaly at Railroad West. Sovereign is at the beginning of what we think is the discovery of a potentially globally significant, strategic rutile province."

This could be one to keep an eye on for those interested in early stage mining projects with large scale potential down the track.
 
greggles said:
Over seven years since the last post in this thread.
This could be one to keep an eye on for those interested in early stage mining projects with large scale potential down the track.
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Rutile … who would have thought! ….

I have no idea, but if its moving after 7 years, I suspect you are likely correct yet again Greg
 
Telamelo said:
SVM lovely uptrend breakout +6.47% & buyer's outnumber seller's 11:1 (on 11/05 announced 35% increase in rutile envelope resource!
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SVM has been on a tear since late February with the share price increasing from 40c to a high of 76.5c today. From all accounts it is flying under the radar as trading volumes have for the most part been quite low. However, that may not be for much longer.

Today, SVM announced that it has the "largest rutile deposit ever discovered" with 18 million tonnes of rutile at its Kasiya Project in Malawi.

With COVID-19 now largely in the rear view mirror, we could be on the cusp of a new infrastructure boom. Rutile is a crucial intermediate and is used for the production of titanium dioxide, which is extensively used in many industries including construction, automotive, packaging, and electronics.

SVM now need a partner to get this deposit moving towards production. If all goes well this could be a great performer in coming years.

 
April 5 2022: Sovereign Metals’ Julian Stephens highlights the shear size of the Kasiya Rutile deposit with Proactive after a resource upgrade tripled its size and confirmed Kasiya as the largest natural rutile deposit ever discovered. Kasiya also produces graphite as a by-product, and with such a large resource Sovereign now also boasts the second largest flake graphite deposit in the world. Having just showcased Kasiya’s potential to support the UK Houses of Parliament in their efforts to lower carbon consumption, Sovereign Metals appears well placed to service low-carbon graphite and rutile offtake streams in future.
 
Rick Rule was out ramping SVM a couple of weeks ago, saying he was buying which means he'd already set his position and was happy to let us know about it. It's one of Sprott's favourites for a large scale and long term play in rutile/titanium and graphite.

Sitting on a significant support zone after being smashed over the past few months with other explorers.



 
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