Sovereign Metals Limited reported southern extensions to the mineralised area at Kasiya. Hand-auger drilling has identified a number of zones ranging from 400m to 2km wide over a strike length of approximately 8km. These results indicate potential to expand the already significant, high-grade rutile and graphite Mineral Resource Estimate at Kasiya.

Results of the Pre Feasibility Study released in late 2023 demonstrated Kasiya's potential to become the world's largest rutile producer at an average of 222kt per annum and one of the world's largest natural graphite producers outside of China at an average of 244kt per annum based on an initial 25 year life-of-mine (?LOM?). The Kasiya PFS delivered compelling economics with a post-tax NPV 8 of USD 1.6 Billion and post-tax IRR of 28%. The multiple mineralised zones identified remain open along strike both to the north and south.

Southern newly defined mineralised extensions at Kasiya Highlight drill results include; 14m 1.03% incl. 2m @ 1.35% rutile from surface; 17m 1.01% incl. 2m @1.42% rutile from surface.

9m @ 0.93% incl. 2m @ one.58% rutile from surface, 12m @ 1.31% incl. 3m @ 1.97% rutile from surface - 13m 1.02% incl.

3m @1.16% rutile from surface and 12m @ 1.02% rutile & 4.5% graphite incl. 2m @ 1?.41% rutile from surface.