Sovereign Metals Limited (SVM or the Company) is raising A$40 million via a placement (Placement), with the ability to accept oversubscriptions at A$0.85 per share.  Funds raised applied to Kasiya Rutile Graphite Project development costs including permitting, studies and other costs and working capital & offer costs.
Sovereign Metals Limited (ASX:SVM)
SVM
Lead Manager
Offer Price
A$0.850
per share
Offer Size
A$40,000,000
Offer Details
Issue Price (Per Share)
A$0.850
Discount
-18.06%
Offer Size
A$40,000,000
Shares Available
47,058,824
Kasiya Project
Tier 1: World’s Largest Known Rutile Resource and second largest graphite Resource.
- 17.9Mt contained rutile & 24.4Mt contained graphite.
- DFS expected Q4 2025.
- Blanket style (flat) mineralisation hosted in soft, friable saprolite.
- Optimised PFS results informed by 2024 trial mining and rehabilitation program (pilot Phase) and overseen by joint SVM-Rio Tinto Technical Committee (Fig 3).
Exceptional results from optimised PFS
- Life of Mine revenue US$16.4bn.
- EBITDA margin 64% & average annual EBITDA US$409m.
- NPV8 US$2.3bn & IRR 27%.
- Market capitalisation
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