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Sovereign kicks off pre-feasibility study at Duwi flake graphite project

Sovereign MetalsLtd. has kicked off a pre-feasibility study on the Duwi flake graphite project in Malawi, it saidJuly 21.

The study will include the evaluation of a number of productioncapacity scenarios, compared to CapEx, operating expense and revenue scenarios.

The company will conduct additional diamond drilling at Duwiin the coming weeks to provide samples for further metallurgical and upstream testwork, as well as provide concentrates for testing by prospective off-take partners.

Sovereign will also work with a major Chinese company, ChinaVolant Industry Co. Ltd., to secure development funding and long-term graphite off-takearrangements in mainland China for the Duwi project.