Sovereign Metals Ltd at Broker Briefing Investor Webinar Transcript

Jul 01, 2021 / 02:20AM GMT

Transcript

Unidentified Participant

Next, we are joined by Julian Stephens, Managing Director of Sovereign Metals, with the ticker code, SVM. I will now hand you over to Julian to tell you more about the company's rutile project.

Julian Stephens

Sovereign Metals Limited - Managing Director

Thanks, [Jane].

Unidentified Participant

Let me pull up your presentation.

Julian Stephens

Sovereign Metals Limited - Managing Director

Morning, everyone. Well, Sovereign Metals is a rutile company. We have discovered what is one of the largest rutile deposits in the world in Malawi in Southeast Africa.

Next slide. So we believe we've discovered a strategic and globally significant natural rutile resource. So what is rutile? Well, rutile is a titanium mineral; actually, it's the purest natural form of titanium. And it goes into mainly the pigment market like paints, toothpaste, white plastic, et cetera; about 30% goes into the welding market as flux for welding rods; and about 10% into the titanium metal

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