Sovereign Metals Limited (ASX: SVM)

 
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Things are heating up for ASX graphite junior, Sovereign Metals Limited (ASX:SVM), as it transitions from fledgling explorer into high-impact developer.

With its central Malingunde Graphite Project in Malawi, SVM has in its hands the world’s largest, lowest-cost saprolite-hosted graphite project.

These are still early days, and SVM is capped at a modest $26.12 million, yet given its ability to undercut its graphite peers through this unique low-cost, high-quality formula, it may not be long before SVM’s small cap days are but a hazy memory.

Now armed with its encouraging scoping study results, SVM is set to begin a pre-feasibility study and negotiations for potential offtake agreements. The company has also revealed that it has a secure, efficient pathway for the transport of its graphite concentrates in partnership with two world-class organisations.

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These factors are likely to translate into a steady flow of news in the near term, with SVM looking to develop and de-risk Malingunde as it moves steadily towards production — all good reasons to track SVM closely in the next few months.

If everything goes to plan, and this quiet achiever can maintain the pace, SVM could well be mining graphite at Malingunde in late 2019.

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