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StocksMedium•16 April 2026•

1 min read

Sovereign Metals Shares Jump 10% on Positive Kasiya Project Feasibility Study

Orange and yellow image with a red downward arrow graph. Text: 'GEM DIAMONDS', 'COMMODITY PRICE DROP', '-7.78%', '-5.00%'. Features diamonds, mining equipment, financial icons, oil barrels, and an Eth

Key Facts

1The definitive feasibility study for the Kasiya project in Malawi confirmed a pre-tax net present value (NPV) of $2.2 billion.

Sovereign Metals shares surged 10% following the release of a definitive feasibility study for its Kasiya rutile and graphite project in Malawi. The study, completed with technical oversight from Rio Tinto, confirmed a pre-tax net present value (NPV) of $2.2 billion. The project is projected to generate annual free cash flow of $452 million over an estimated 25-year mine life. These robust financial metrics highlight the significant economic potential of the asset, bolstered by the strategic involvement of a major industry player. Investors reacted positively to the high EBITDA projections and the long-term viability of the operation. This milestone marks a critical step forward for Sovereign Metals in developing a world-class mining project in Africa.