Sovereign Metals Limited: Expceptional Rutile Drill Results Extend High-Grade Mineralisation to +5.5 km Strike at Kasiya

ID: 1558333
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(businesspress24) - Sovereign Metals Limited (the Company or Sovereign) is pleased to report exceptional drilling results from the Kasiya Prospect (Kasiya) which extend the high-grade rutile zone along strike to +5.5km. The mineralisation all occurs from surface and is hosted in soft, free-dig, friable saprolite.

HIGHLIGHTS
- Phase 3 drilling results demonstrate high-grade rutile and extend the mineralised zone to +5.5km strike length with surface widths averaging +2.5km
- The mineralised zone continues to be open along strike in both directions and open laterally to the south-east
- Results confirm that Kasiya has the potential to become a world-class rutile deposit due to its large, high-grade and at surface attributes
- Key Phase 3 drilling results received include:---
- 9m (at) 1.19% rutile inc. 3m (at) 1.86% rutile from surface
- 11m (at) 1.37% rutile inc. 5m (at) 1.82% rutile from surface
- 11m (at) 1.33% rutile inc. 5m (at) 1.79% rutile from surface
- 11m (at) 1.14% rutile inc. 3m (at) 1.77% rutile from surface
- 10m (at) 1.12% rutile inc. 3m (at) 1.66% rutile from surface
- 13m (at) 1.32% rutile inc. 4m (at) 1.58% rutile from surface
- 14m (at) 1.04% rutile inc. 4m (at) 1.27% rutile from surface
- All intercepts above remain open at depth with high-grade rutile mineralisation interpreted to extend to the base of the soft saprolite at around 25m vertical in these areas
- Maiden JORC Mineral Resource Estimate on target for late Q3 2020

Sovereigns Managing Director Dr Julian Stephens commented:
These drilling results are exceptional. Kasiya is now displaying what we believe to be some of the highest-grade, thickest and areally expansive rutile drill-intercepts globally. The high-grade rutile footprint continues to grow and is now in the order of 12km2 with mineralisation remaining open in most directions. Kasiya appears to be a truly special discovery within the Companys broader licence package which is emerging as a new, globally significant rutile province.



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Figure 1. Kasiya drill plan showing extents of rutile mineralisation with the new added area of mineralisation defined by the Phase 3 drill-holes reported in this announcement.

ENQUIRIES
Dr Julian Stephens (Perth)
Managing Director
+61(8) 9322 6322-

Sam Cordin (Perth)
+61(8) 9322 6322-

Sapan Ghai (London)
+44 207 478 3900

KASIYA EXTENSIONAL DRILL PROGRAM - PHASE 3
Results for Phase 3, comprise a further 24 shallow hand-auger holes for 252m over four drill-lines which are presented in this report. This brings the total number of holes reported to 62 (Phases 1, 2 & 3 combined) over nine east-west drill lines.

The Phase 3 drilling results display the highest grade and thickest drill intercepts at Kasiya to date. The high-grade rutile footprint continues to grow and is now in the order of +5.5km strike length with surface widths averaging +2.5km. High-grade rutile mineralisation continues to be open along strike in both directions and open laterally to the south-east.

High-grade rutile was encountered as deep as 14m below surface in some holes and has an average thickness of approximately 7m to 8m. The current geological interpretation is that high-grade, free-dig rutile mineralisation should continue vertically to the base of saprolite, which is reasonably assumed from deeper drilling at other prospects to be around 25m depth. Deeper drilling techniques such as air-core, diamond-core or sonic will need to be employed to test this.

Key shallow hand-auger results from the Phase 3 drilling include:
- 9m (at) 1.19% rutile inc. 3m (at) 1.86% rutile from surface
- 11m (at) 1.37% rutile inc. 5m (at) 1.82% rutile from surface
- 11m (at) 1.33% rutile inc. 5m (at) 1.79% rutile from surface
- 11m (at) 1.14% rutile inc. 3m (at) 1.77% rutile from surface
- 10m (at) 1.12% rutile inc. 3m (at) 1.66% rutile from surface
- 13m (at) 1.32% rutile inc. 4m (at) 1.58% rutile from surface
- 14m (at) 1.04% rutile inc. 4m (at) 1.27% rutile from surface

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Figure 2. Logging and panning rutile hand-auger samples at Kasiya.

CROSS SECTION
Section 8479600 in two parts

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Figure 3. Cross Section of the complete drill line showing the broad high-grade mineralisation with multiple holes open at depth and mineralisation open in both directions. The width of mineralisation has necessitated breaking this cross-section into two parts.


COVID-19 UPDATE
Sovereign notes that drilling activities have concluded for the time being though operations remain ongoing with a reduced and safe personnel level to prepare and export the final samples.

The Company continues to actively evaluate the situation for all risks to employees, communities and general operational safety and will make any required adjustments as the situation evolves, or as required by the Government of Malawi.

FORWARD PLAN
Sovereign has identified a potentially globally significant, strategic rutile province across its large Malawi ground holding. The Malawi Rutile Province features two confirmed, discrete rutile mineralisation styles hosted respectively in sand and saprolite (soft, friable weathered material) which are both amenable to conventional processing. Rutile mineralisation identified to date has generally not been spatially constrained by drilling at either of the two main prospects, Kasiya and the Bua Channel Prospect.

Sovereigns ongoing rutile work programs to unlock the Malawi Rutile Province include:
- Extensional and infill drilling at Kasiya is complete with the in-country team now preparing all remaining sample batches for export to our Perth laboratory partners for analysis
- A maiden JORC resource estimate for Kasiya is targeted for late Q3
- Mining and tailings studies are ongoing in order to feed in to a future Scoping Study
- Bulk-scale metallurgical test-work has commenced on a 1 tonne representative sample from Kasiya
- A regional desktop targeting exercise using all available knowledge and datasets is underway with the goal of discovering more high-grade, Kasiya-like rutile mineralisation

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Figure 4. Drill plan showing Phases 1, 2 and 3 of reported and pending shallow hand-auger holes at Kasiya

Shallow drilling results from Phase 3 at Kasiya are shown below in Table 1.

Table 1. Hand-auger results from Phase 3 drilling at the high-grade Kasiya rutile prospect
Hole ID Interval Rutile %From (m) DownComments
Thickness hole

KYHA0072 3m 0.80 surface
KYHA0073 5m 0.57 surface
KYHA0074 No significant results
KYHA0075 4m 0.71 surface
KYHA0076 13m 0.93 surface open at
depth

incl 11m 1.00 surface
incl 3m 1.43 surface
KYHA0077 5m 0.78 surface
KYHA0078 10m 1.12 surface open at
depth

incl 3m 1.66 surface
KYHA0079 4m 1.13 surface
KYHA0080 2m 1.15 surface hole
failed (at)
2m

KYHA0081 3m 0.56 surface hole
failed (at)
3m

KYHA0082 5m 0.66 surface
KYHA0083 7m 0.78 surface
KYHA0084 4m 0.53 surface
KYHA0085 4m 1.07 surface
KYHA0086 13m 0.90 surface open at
depth

incl 2m 1.70 surface
KYHA0087 3m 0.60 surface
KYHA0088 12m 0.94 surface open at
depth

incl 3m 1.29 surface
KYHA0089 11m 1.33 surface open at
depth

incl 5m 1.79 surface
incl 3m 1.23 8m
KYHA0090 14m 1.04 surface open at
depth

incl 4m 1.27 surface
incl 3m 1.12 8m
KYHA0091 13m 1.32 surface open at
depth

incl 8m 1.45 surface
incl 4m 1.58 surface
KYHA0092 9m 1.19 surface
incl 6m 1.52 surface
incl 3m 1.86 surface
KYHA0093 11m 1.37 surface open at
depth

incl 9m 1.49 surface
incl 5m 1.82 surface
KYHA0094 11m 1.14 surface open at
depth

incl 3m 1.77 surface
KYHA0095 10m 0.62 surface open at
depth
*Significant results are reported at 0.5% rutile lower cut-off.


Competent Persons Statements
The information in this report that relates to Exploration Results is based on information compiled by Dr Julian Stephens, a Competent Person who is a member of the Australian Institute of Geoscientists (AIG). Dr Stephens is the Managing Director of Sovereign Metals Limited and a holder of ordinary shares and unlisted options in Sovereign Metals Limited. Dr Stephens has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the ''Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves''. Dr Stephens consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Forward Looking Statement
This release may include forward-looking statements, which may be identified by words such as "expects", "anticipates", "believes", "projects", "plans", and similar expressions. These forward-looking statements are based on Sovereigns expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Sovereign, which could cause actual results to differ materially from such statements. There can be no assurance that forward-looking statements will prove to be correct. Sovereign makes no undertaking to subsequently update or revise the forward-looking statements made in this release, to reflect the circumstances or events after the date of that release.

This ASX Announcement has been approved and authorised for release by the Companys Managing Director, Julian Stephens.


APPENDIX 1: DRILL HOLE DATA
Hole ID East North RL Depth
KYHA0072 538800 8481600 1097 6
KYHA0073 539202 8481600 1101 14
KYHA0074 539599 8481597 1104 12
KYHA0075 539999 8481602 1106 12
KYHA0076 540399 8481601 1108 13
KYHA0077 540799 8481600 1109 8
KYHA0078 541194 8481600 1110 10
KYHA0079 541593 8481607 1111 14
KYHA0080 541999 8481599 1112 2
KYHA0081 539193 8481206 1094 3
KYHA0082 539600 8481200 1097 11
KYHA0083 540002 8481201 1099 10
KYHA0084 539202 8480399 1081 10
KYHA0085 539601 8480401 1085 10
KYHA0086 540000 8480400 1089 13
KYHA0087 540807 8479998 1102 8
KYHA0088 541602 8479598 1114 12
KYHA0089 541200 8479603 1111 11
KYHA0090 540801 8479602 1107 14
KYHA0091 540398 8479600 1103 13
KYHA0092 539998 8479604 1100 14
KYHA0093 539599 8479601 1099 11
KYHA0094 539199 8479600 1096 11
KYHA0095 538799 8479599 1091 10
* All holes were vertical.

APPENDIX 2: JORC CODE, 2012 EDITION - TABLE 1
SECTION 1 - SAMPLING TECHNIQUES AND DATA
Criteria JORC Code Hand-Auger Drilling Commentary
explanation

SamplingNature and A total of 24 hand auger holes
Techniq quality of for 252m were drilled at the
ues sampling
(e.g. cut Kasiya Prospect to obtain samples
channels, for quantitative rutile
random determination. Samples were
chips, or composited based on regolith
specific boundaries and chemistry
specialised generated by hand-held XRF,
industry generally at 3, 4 or 5m
standard intervals.
measurement
tools
appropriate
to the
minerals
under
investigation
, such as
down

hole gamma
sondes, or
handheld XRF
instruments,

etc). These
examples
should not
be taken as
limiting the
broad
meaning of
sampling.


Include Drilling and sampling activities
reference to were supervised by a suitably
measures qualified Company geologist who
taken to was present at all times. All
ensure bulk 1-metre drill samples were
sample geologically logged by the
geologist at the drill
representivity site
and the
appropriate
calibration Each 1m sample was sun dried and
of any homogenised. Sub-samples were
measurement carefully
tools or
systems riffle split to ensure representiv
used. ity
. ~2kg composite samples were
processed.

Extreme care is taken to ensure
an equivalent mass is taken from
each
1m

sample to make up the composite.
The primary composite sample is
considered

representative for this style of
rutile
mineralisation.


Aspects of Logged mineralogy percentages,
the lithology information and TiO2%
determination obtained from handheld XRF were
of used to determine compositing
mineralisatio intervals. Care is taken to
n that are ensure that only lithological
Material to units with similar geological
the Public and grade characteristics are
Report. In composited
cases where together.
industry
standard
work has
been done
this would
be
relatively

simple (e.g.
reverse
circulation
drilling was
used to
obtain 1 m
samples from
which 3 kg
was
pulverised
to produce a
30 g charge
for fire
assay). In
other cases
more
explanation
may be
required,
such as
where there
is coarse
gold that
has inherent
sampling
problems.
Unusual
commodities
or
mineralisatio
n types (e.g.
submarine
nodules) may
warrant
disclosure
of detailed
information.


DrillingDrill type Hand-auger drilling with 62mm
Techniq (e.g. core, diameter spiral bits with
ues reverse 1-metre long steel rods. Each
circulation, 1m of drill sample is collected
openhole into separate sample bags and
hammer, set aside. The auger bits and
rotary air flights are cleaned between each
blast, metre of sampling to avoid
auger, contamination.
Bangka,
sonic,

etc) and
details
(e.g. core
diameter,
triple or
standard
tube, depth
of diamond
tails,
facesampling
bit or other
type,
whether core
is oriented
and if so,
by what
method,

etc).

Drill Method of Samples are assessed visually for
Sample recording recoveries. Overall, recovery is
Recover and very good. Drilling is ceased
y assessing when recoveries become poor once
core and the water table has been
chip sample reached.
recoveries
and results
assessed.


Measures The Companys trained geologists
taken to supervise auger drilling on a 1
maximise team 1 geologist basis and are
sample responsible for monitoring all
recovery and aspects of the drilling and
ensure sampling
representativ process.
e nature of
the
samples.


Whether a No bias related to preferential
relationship loss or gain of different
exists materials has
between occurred.
sample
recovery and
grade and
whether
sample bias
may have
occurred due
to
preferential
loss/gain of
fine/coarse
material.


Logging Whether core All individual 1-metre auger
and chip intervals are geologically
samples have logged, recording
been relevant
geologically
and data to a set template using
company codes. A small
geotechnically representative sample
logged to a is
level of
detail to collected for each 1-metre
support interval and placed in
appropriate appropriately labelled chip
Mineral trays for future
Resource reference.
estimation
mining
studies and
metallurgical
studies.


Whether All logging includes lithological
logging is features and estimates of basic
qualitative mineralogy. Logging is generally
or qualitative.
quantitative
in nature.
Core (or
costean,
channel,
etc.)
photography.


The total 100% of samples are geologically
length and logged.
percentage
of the
relevant
intersection
logged


Sub-sampIf core, Not applicable - no core drilling
ling whether cut conducted.
techniq or sawn and
ues and whether
sample quarter,
prepara half or all
tion core
taken.


If non-core, Samples from the 24 auger holes
whether drilled were composited. Each 1m
riffled, sample was sun dried and
tube homogenised. Sub-samples were
sampled, carefully riffle split to ensure
rotary sample
split, etc.
and whether representivity. ~2kg composite
sampled wet samples were processed. Extreme
or care is taken to ensure an
dry. equivalent mass is taken from
each 1m sample to make up the
composite.



The primary composite sample is
considered representative for
this style of rutile
mineralisation and is consistent
with industry standard
practice.


For all Use of the above compositing and
sample sampling technique is deemed
types, the appropriate given the dry nature
nature, of the
quality and samples.
appropriatene
ss of the
sample
preparation
technique.


Quality The sampling equipment is cleaned
control after each sub-sample is
procedures taken.
adopted for
all
sub-sampling
stages to
maximise

representivity
of
samples.


Measures Extreme care is taken to ensure
taken to an equivalent mass is taken from
ensure that each 1m sample to make up each
the sampling composite.
is
representativ
e of the in
situ
material
collected,
including
for instance
results for
field
duplicate/sec
ond-half
sampling.


Whether The sample size is considered
sample sizes appropriate for the material
are sampled.
appropriate
to the grain
size of the
material
being
sampled.


Quality The nature, The Malawi onsite laboratories
of quality and sample preparation methods are
assay appropriatene considered quantitative to the
data ss of the point where a heavy mineral
and assaying and concentrate (HMC) is generated.
laborat laboratory Final results generated are for
ory procedures recovered rutile i.e. the % mass
tests used and of the sample that is rutile
whether the that can be recovered to a heavy
technique is mineral
considered concentrate.
partial or
total.
The following workflow for the
samples was undertaken on-site
in
Malawi;

· Dry sample in oven for 1 hour at
105

· Soak in water and lightly agitat
e

· Wet screen at 5mm, 600mm and 45µ
m

to remove oversize and slimes mate
rial

· Dry +45µm -600mm fraction in ove
n
for 1 hour at 105
· Pass +45µm -600mm fraction acros
s
wet table twice to generate a
heavy

mineral concentrate (HMC)
· Dry HMC in oven for 30 minutes a
t
105

· Bag +45µm -600mm HMC Fraction an
d
send to Perth, Australia for quan
titative

rutile determination.

The following workflow for the
samples was then undertaken at
Perth based Laboratories.


· Magnetic separation of the HMC b
y
Carpco magnet (at) 16,000G
(2.9Amps)

into a magnetic (M) and non-magnet
ic
(NM) fraction. Work undertaken at
Allied Mineral Laboratories
(AML) in
Perth.

· The M and NM fractions were sent

to Intertek Genalysis Perth for qu
antitative XRF

analysis.
· Rutile is reported as: rutile mi
neral
recovered to the NM concentrate f
raction
as a % of the total primary, dry
raw
sample mass.

For Acceptable levels of accuracy and
geophysical precision have been
tools,
established. No handheld methods
spectrometers, are used for quantitative
handheld XRF determination.
instruments,
etc., the
parameters
used in
determining
the analysis
including
instrument
make and
model,
reading
times,
calibrations
factors
applied and
their
derivation,
etc.


Nature of Intertek Genalysis used internal
quality XRF standards and duplicates.
control The overall quality of QA/QC is
procedures considered to be
adopted good.
(e.g.
standards,
blanks,
duplicate,
external
laboratory
checks) and
whether
acceptable
levels of
accuracy
(i.e. lack
of bias) and
precision
have been
established.


VerificaThe Significant mineralisation
tion of verification intersections were verified by
samplin of qualified, alternative company
g & significant personnel.
assayin intersections
g by either
independent
or
alternative
company
personnel.


The use of No twin holes have been used.
twinned
holes.


Documentation All data was collected initially
of primary on paper logging sheets and
data, data codified to the Company''s
entry templates. This data was hand
procedures, entered to
data
verification,spreadsheets and validated by
data storage Company geologists. This data
(physical was then imported to a Microsoft
and Access Database then validated
electronic) automatically and
protocols. manually.


Discuss any Rutile is reported as: rutile
adjustment mineral recovered to the NM
to assay concentrate
data.
fraction as a % of the total
primary, dry raw sample
mass.



LocationAccuracy and A Trimble R2 Differential GPS was
of quality of used to pick up the hand auger
data surveys used collars.
points to locate
drill holes No downhole surveying of auger
(collar and holes is completed. Given the
down-hole vertical nature and shallow
surveys), depths of the auger holes drill
trenches,
mine hole deviation is not considered
workings and to significantly affect the
other
locations downhole location of samples.

used in
Mineral
Resource
estimation.


Specification WGS84 UTM Zone 36 South.
of the grid
system
used.


Quality and DGPS pickups are considered to be
adequacy of high quality topographic control
topographic measures.
control.


Data Data spacing The hand auger collars are spaced
spacing for at approximately 400m along
& reporting of the
distrib Exploration
ution Results. drill-lines and are designed to
provide systematic strike and
width extension of the anomalous
lines of hand auger drilling
previously reported along this
same
trend.

It is deemed that these holes
should be broadly representative
of
the

mineralisation style in the
general area. More work is
required to
accurately

determine the variability of the
mineralisation in the

Kasiya region.

Whether the Not applicable, no Mineral
data spacing Resource or Ore Reserve
and estimations are covered by new
distribution data in this report.
is
sufficient
to establish
the degree
of
geological
and grade
continuity
appropriate
for the
Mineral
Resource and
Ore Reserve
estimation
procedure(s)
and
classificatio
ns
applied.

Whether Individual 1-metre auger
sample intervals have been composited
compositing over a determined interval of
has been interest for the 24 auger holes
applied. drilled in order to obtain a
primary sample of ~2kg mass for
mineralogical analysis.



OrientatWhether the No bias attributable to
ion of orientation orientation of sampling has been
data of sampling identified.
in achieves
relatio unbiased
n to sampling of
geologi possible
cal structures
structu and the
re extent to
which this
is known
considering
the deposit
type


If the All holes were drilled vertically
relationship as the nature of the
between the mineralisation is horizontal. No
drilling bias attributable to orientation
orientation of drilling has been
and the identified.
orientation
of key
mineralised
structures
is
considered
to have
introduced a
sampling

bias, this
should be
assessed and
reported if
material.


Sample The measures Samples were stored in secure
securit taken to storage from the time of
y ensure drilling, through gathering,
sample compositing and analysis. The
security samples were sealed as soon as
site preparation was completed,
and again securely stored during
shipment and while at Australian
laboratories.



Audits The results It is considered by the Company
or of any that industry best practice
reviews audits or methods have been employed at
reviews of all stages of the
sampling exploration.
techniques
and
data
SECTION 2 - REPORTING OF EXPLORATION RESULTS

Criteria Explanation Commentary
Mineral Type, reference The Company owns 100% of 8
tenement name/number, Exclusive Prospecting
& land location and Licences (EPLs) in Malawi.
tenure ownership EPL0355 renewed in 2019 for 2
status including years, EPL0372 (under renewal
agreements or application) and EL0413
material issues renewed in 2019 for 2 years.
with third EPL0492 and EPL0528 were
parties such as granted in 2018 for an
joint ventures, initial period of three years
partnerships, (renewable). EPL0537 and
overriding EPL0545 were granted in 2019
royalties, for an initial period of
native title three years (renewable).
interests, EL0561 was granted in January
historical 2020 for an initial 3 years
sites, (renewable) with field work
wilderness or permits subject to an
national park acceptable Environmental and
and environment Social Management Plan - a
settings. new requirement under the
Mining Act
2019.

The security of The tenements are in good
the tenure held standing and no known
at the time of impediments to exploration or
reporting along mining
with any known exist.
impediments to
obtaining a
licence to
operate in the
area.

ExploratiAcknowledgement No other parties were involved
on done and appraisal in
by of exploration exploration.
other by other
parties parties.


Geology Deposit type, The rutile deposit type could
geological be termed a residual placer
setting and formed by the intense
style of weathering of rutile-rich
mineralisation basement

paragneisses.
Rutile occurs in a mostly
topographically flat area
west of Malawis capital
known as the Lilongwe Plain
where a deep tropical
weathering profile is
preserved. A typical profile
from top to base is generally
soil (SOIL 0-1m)
ferruginous

pedolith (FERP, 1-4m),
mottled zone (MOTT, 4-7m),
pallid

saprolite (PSAP, 7-9m), sapro
lite
(SAPL, 9-25m), saprock (SAP
R, 25-35m) and fresh rock
(FRESH
>35m).

Drill A summary of all All collar and composite data
hole information are provided in the body and
informat material to the Appendices of this report.
ion understanding All holes were drilled
of the vertically.
exploration
results
including a
tabulation of
the following
information for
all Material
drill holes:
easting and
northings of
the drill hole
collar;
elevation or RL
(Reduced
Level-elevation
above sea level
in metres of
the drill hole
collar); dip
and azimuth of
the hole; down
hole length and
interception
depth; and hole
length

If the exclusion No information has been
of this excluded.
information is
justified on
the basis that
the information
is not Material
and this
exclusion does
not detract
from the
understanding
of the report,
the Competent
Person should
clearly explain
why this is the
case

Data In reporting All results reported are of a
aggregat Exploration length-weighted average. The
ion Results, results reported in the body
methods weighting of the report are on a lower
averaging cut-off of 0.5% Rutile.
techniques,
maximum and/or
minimum grade
truncations
(e.g. cutting
of high-grades)
and cut-off
grades are
usually
Material and
should be
stated.

Where aggregate No significant aggregate
intercepts intercepts have been
incorporate reported.
short lengths
of high-grade
results and
longer lengths
of low grade
results, the
procedure used
for such
aggregation
should be
stated and some
typical
examples of
such
aggregations
should be shown
in
detail.

The assumptions No metal equivalent values are
used for any used in this
reporting of report.
metal
equivalent
values should
be clearly
stated.

RelationsThese It is considered that the
hip relationships mineralisation lies in
between are laterally extensive, near
minerali particularly surface, flat blanket style
sation important in bodies in areas where the
the reporting entire weathering profile
widths & of Exploration
intercep is preserved and not
t Results. significantly
lengths eroded.

If the geometry The mineralisation lies in
of the laterally extensive, near
mineralisation surface, flat blanket style
with respect to bodies.
the drill

hole angle is
known, its
nature should
be
reported.

If it is not Downhole widths approximate
known and only true widths. Some
the down hole mineralisation currently
lengths are remains open at
reported, there depth.
should be a
clear statement
to this effect
(e.g. ''down
hole length,
true width not
known''.

Diagrams Appropriate maps Refer to figures in the body
and sections of this
(with scales) report.
and tabulations
of intercepts
should be
included for
any significant
discovery being
reported. These
should include,
but not be
limited to a
plan view of
the drill
collar
locations and
appropriate
sectional
views.


Balanced Where All results have been reported
reportin comprehensive in this
g reporting of report.
all Exploration
Results is not
practicable,
representative
reporting of

both low and
high-grades
and/or widths
should be
practiced to
avoid
misleading
reporting of
exploration
results.

Other Other Rutile has been determined to
substant exploration be the major
ive data, if TiO
explorat meaningful and 2-bearing mineral at and
ion material, around several rutile
data should be prospects and within
reported Sovereigns ground package.
including (but The company continues to
not limited to: examine all areas within the
geological large tenement package for
observations; rutile
geophysical mineralisation.
survey results;
geochemical
survey results;
bulk samples -
size and method
of treatment;
metallurgical
test results;
bulk density,
groundwater,
geotechnical
and rock
characteristics;
potential
deleterious or
contaminating
substances.

Further The nature and Laboratory processing of 2020
work scale of drilling samples on the
planned further
work (e.g. test saprolite prospects continues.
for lateral Additional hand auger and
extensions or sonic drilling is currently
depth being planned for
extensions or
large- Kasiya.
scale step-out
drilling).

Diagrams clearly Refer to diagrams in the body
highlighting of this
the areas of report.
possible
extensions,
including the
main geological
interpretations
and future
drilling areas,
provided this
information is
not
commercially
sensitive.




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Date: 05/26/2020 - 01:07
Language: English
News-ID 1558333
Character count: 3548
Kontakt-Informationen:
Firma: Sovereign Metals Limited
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: Wien
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