Australia-based Sovereign Metals has released the results of a prefeasibility study (PFS) for its Kasiya project, which is poised to be the world’s biggest rutile producer at 222 000 t/y and one of the biggest natural graphite producers outside of China at 244 000 t/y. “The high-quality of work completed and the results of the PFS demonstrates that Kasiya is a globally significant project that has the potential to deliver a valuable long-term source of low carbon dioxide products and generate substantial economic returns,” said MD Julian Stephens.
Australia-based Sovereign Metals has released the results of a prefeasibility study for its Kasiya project, which is poised to be the world’s biggest rutile producer at 222 000 t/y and one of the biggest natural graphite producers outside of China at 244 000 t/y.
The project has an aftertax net present value of $1.6-billion and an after tax internal rate of return of 28%. Sovereign would conduct an optimisation review in collaboration with its new strategic investor, Rio Tinto, and then progress to a definitive feasibility study. Titanium and natural graphite have been classified as critical raw materials by the US and EU due to a combination of their scarceness and China-controlled supply chains.
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