Titanium rutile and graphite miner Sovereign Metals has said they see future graphite flake production at the lower end of the cost curve.
Sovereign Metals has recently confirmed their Kasiya titanium rutile and graphite project in Malawi holds the world’s largest titanium rutile resource, and the second largest graphite flake resource.
Sovereign points to the high purity and highly crystalline characteristics of the graphite deposit, as well as potential production scale, as reason for the upbeat cost forecasts.
“Not only is Kasiya the world’s largest rutile deposit and one of the largest flake-graphite resources, but our latest graphite industry benchmarking also demonstrates the potential for Kasiya to be a globally dominant supplier and low-cost flake graphite producer at scale,” said Sovereign’s Managing Director, Dr Julian Stephens.
“Importantly, the very low graphite production costs at Kasiya should allow Sovereign to compete aggressively on price point across global graphite markets.”
The miner also highlighted the findings Independent Life Cycle Assessment Study and the strong ESG benefits of their process which could see their production which could have a “significantly lower carbon footprint than Chinese-produced natural graphite”.
Sovereign Metals notes that their Updated Scoping Study should be ready shortly following a bumper increase in the mineral resource estimate earlier this year.