Malingunde

Despite short-term graphite price fluctuations continued electric vehicle uptake will drive graphite demand growth creating the need for increased global graphite production, therefore ASX-listed Sovereign Metals’ Malingunde saprolite-hosted graphite project in Malawi has my attention this week.

Sovereign Metals PFS for its Malingunde project shows low capital and very low operating costs are at the bottom of the graphite supply cost-curve.

A new Mining Act anticipated to be promulgated in Malawi will make it compulsory for all mining companies to undertake Community Development Agreements.

Sovereign Metals reports the discovery and successful metallurgical separation of high grade rutile at Malingunde in Malawi.