Sovereign Metals (ASX: SVM) Has appointed a qualified 27-year veteran to lead the development of a large Kasiya rutile project in Malawi, a country in southern Africa.
Paul Marcos fills the post after spending most of his career on the mineral sands project.
Kasiya is one of the largest rutile deposits in the world, with an estimated 644 million tonnes of mineral resources at 1.01% rutile, including 137 Mt of 1.41% rutile.
Sovereigns describe it as the only large rutile deposit discovered in the last 50 years.
According to the company, development is underway when the number of rutile projects currently in production is declining.
Coping research is aimed at large-scale operations
Marcos will lead an ongoing scoping and future feasibility study scheduled to end this year.
5 years before joining Sovereign Basic resource (ASX: BSE) He oversaw the engineering design, as well as the metallurgy and processing oversight of the company’s pre-feasibility and final feasibility study project development for the Base project in Kenya and Madagascar.
From 1996 to 2004, Marcos worked for the mineral sands giant. Iluka Resources (ASX: ILU).. He also spent time at resource consulting firm Ausenco.
The scoping study targets large-scale natural rutile operations to fill some of the company’s statement that it is in short supply of “the purest and most environmentally sustainable titanium raw materials.” is.
Other sources of rutile are “declining”
Sovereign has previously stated that current sources of natural rutile are declining as reserves in some operations are depleted at the same time as ore degradation.
These include Iluka Resources’ Sierra Rutile mine in Sierra Leone and Base Resources’ Kwale mine in Kenya.
“In addition, the supply of natural rutile could remain in the structural deficit due to the limited number of new deposits expected to come online,” says Sovereign.
The company’s goal is to develop a large, long-lived rutile business focused on developing environmentally responsible, sustainable and socially uplifting businesses.
Natural rutile is traditionally a by-product or by-product of mineral sands mining, and ilmenite is generally, along with natural rutile and zircon, the major mineral in the aggregate.
Natural rutile is considered to be a truly rare commodity, and no other known large rutile-dominant deposits have been found in the last half century.
Sovereign Metals employs key experts to oversee the development of the vast Malawi rutile project
Source link Sovereign Metals employs key experts to oversee the development of the vast Malawi rutile project