Sovereign Metals Advances DFS at Kasiya Project, Reinforcing Role in ASX Mining Stocks Sector

Highlights:

• Sovereign Metals initiates geotechnical work to support the Definitive Feasibility Study for the Kasiya Project.

• Field programs target infrastructure planning, including plant sites, storage facilities, and transport logistics.

• Updated mineral resource estimate expected alongside ongoing development milestones.

Sovereign Metals Ltd (ASX:SVM) continues to progress its flagship Kasiya Rutile-Graphite Project in Malawi with a series of geotechnical and infrastructure-focused activities. The project operates within the broader mineral resources sector, specifically contributing to global supply chains of natural rutile and graphite. These materials are key elements across various industrial and technological applications.

The company’s efforts reflect a wider trend among ASX mining stocks, where large-scale resource developments aim to meet increasing global demand for critical minerals.

Geotechnical Drilling Supports Project Engineering

Sovereign Metals has launched a detailed geotechnical drilling campaign across its development site. These activities are aimed at evaluating ground conditions for essential project components, including processing facilities, tailings infrastructure, raw water storage, and electrical substations.

The information gathered from these investigations will directly support engineering and design processes. A combination of geotechnical and geophysical techniques is being employed to assess subsurface conditions and structural integrity across the planned development areas.

These studies play a key role in finalising the layout of infrastructure to ensure safe and efficient project execution.

Technical Leadership and Engineering Partnerships

The field programs are being managed under the guidance of the Sovereign-Rio Tinto Technical Committee. Several expert engineering firms, including DRA Global, have been engaged to support planning and execution.

This collaborative approach integrates in-house experience with external technical input, forming a structured pathway for delivering the Definitive Feasibility Study. Coordination between these teams ensures the collection of reliable data and aligns the study’s direction with technical requirements.

Ongoing technical assessments are informed by a foundation of prior feasibility work, contributing to continuity throughout the development timeline.

Progress Since Completion of Optimised Prefeasibility Work

The current initiatives follow the recent completion of Sovereign’s Optimised Prefeasibility Study, which provided an initial framework for project layout and development strategy. That study incorporated technical, environmental, and community-based parameters to define a structured path forward.

Subsequent fieldwork is focused on confirming and refining these parameters, with geotechnical validation serving as a critical step toward detailed planning. The transition from conceptual evaluation to physical site assessment underscores the project’s movement toward advanced development stages.

As project milestones are met, the company continues to implement structured and systematic steps in its development cycle.

Resource Update to Complement Feasibility Milestones

Alongside its infrastructure investigations, Sovereign Metals is preparing an updated mineral resource estimate. This work is based on results from a recent infill drilling campaign conducted across key areas of the Kasiya deposit.

The updated resource model is expected to support the Definitive Feasibility Study and provide additional detail on project scale and composition. These updates are a continuation of the technical evaluation that has characterised the project’s phased development approach.

By combining new geological data with ongoing engineering insights, Sovereign aims to align all components of the Kasiya Project under a unified feasibility framework. This integrated strategy enhances visibility across both resource definition and infrastructure design, maintaining momentum in one of the more notable ASX mining stocks – Sovereign Metals Ltd (ASX:SVM).