Sovereign Metals boosts Kasiya resource estimate by 32 percent.

Sovereign Metals boosts Kasiya resource estimate by 32 percent. The ASX-listed miner has increased its Measured and Indicated resource to 2.1 billion tonnes grading 0.96 percent rutile, containing 20.3 million tonnes of rutile and 20.0 million tonnes of graphite. The Measured and Indicated rutile now totals 16.1 million tonnes, representing 77 percent of the total resource base. This significant upgrade enhances project financing prospects as the definitive feasibility study progresses. Kasiya is positioned as the world's most strategically important rutile source, with global rutile demand forecast to grow 3 percent annually while supply declines 7 percent yearly, creating a widening supply gap that favors long-life, low-cost producers like this project.