to increase its stake in Australia’s Sovereign Metals , which is advancing the Kasiya rutile-graphite project in Malawi.
The Kasiya orebody contains 1.8 billion tonnes at 1% rutile and 1.4% graphite, resulting in 17.9 million tonnes of contained natural rutile and 24.4 million tonnes of contained graphite. Sovereign managing director Frank Eagar says the company has made significant progress in advancing Kasiya over the last year, thanks to Rio’s involvement. This includes the successful launch of a pilot phase in May.
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