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Proactive Investors China - The web's leading portal for China stocks - Sovereign Metals launches into scoping study for Kasiya Rutile Project


2021-07-21
by Proactive Australia
Sovereign Metals Ltd (ASX:SVM)(FRA:SVM) has moved swiftly into a scoping study for the Kasiya Project in Malawi representing the next major technical milestone toward developing a strategic, large-scale, long life and sustainable rutile operation.
The scoping study has been designed to demonstrate an economic assessment of the business case to an accuracy of +/- 30% for the project, which is one of the largest undeveloped rutile deposits in the world.
Sovereign has multiple workstreams underway and planned for the study, which is targeted for completion in late 2021.
Environmentally sustainable
Sovereign managing director Dr Julian Stephens said: After delivering one of the world s largest natural rutile deposits in our maiden mineral resource estimate, Sovereign has moved quickly forward into a scoping study. ....

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S&P/ASX 200 gains 0.92% following a strong session in the US on Tuesday


S&P/ASX 200 gains 0.92% following a strong session in the US on Tuesday
In Japan, the Nikkei 225 led gains among Asia’s major markets as it rose 1.3% while the Topix index advanced 1.42%.
Bitcoin fell again on Tuesday, breaking below the critical US$30,000 level.
S&P/ASX 200 (INDEXASX:XJO) gained 0.92% to 7,319 points by about 12.50 pm, reclaiming its losses from the past two days following a strong overnight session in the US.
The Dow Jones Industrial Average in the US jumped more than 500 points, mostly recovering from its Monday plunge.
NSW has recorded 110 new local COVID-19 cases in 24 hours off the back of a record 84,000 tests. ....

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