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- Sovereign Metals’ (SVM) downstream testwork on graphite from its Kasiya project shows exceptional suitability for use in lithium-ion batteries
- Results show SVM’s graphite has a greater than 99.5 per cent carbon purity and near-perfect crystallinity, along with no critical impurities or deleterious elements
- SVM’s resources have up to 60 per cent less global warming potential (GWP) than the current reported GWP of major graphite producers
- The company’s PFS at Kasiya continues to optimise concentration grades and confirm optimal purification processes, with outcomes expected in the coming months
- SVM shares closed 2.5 per cent higher, trading at 41 cents at market close
Sovereign Metals’ (SVM) downstream testwork on graphite from its Kasiya project has shown exceptional suitability for use in lithium-ion batteries.
The company reported that key outcomes from the testing were near-perfect crystallinity, above benchmark of greater than 99.95 per cent carbon purity achieved, and no critical impurities or deleterious elements.
SVM Managing Director Dr Julian Stephens said the results highlighted its competitive advantage to become a dominant supplier of graphite for the lithium-ion battery industry.
“Kasiya will potentially be one of the lowest-cost flake graphite projects in the world and is also estimated to have one of the lowest global warming potentials of any current and future graphite projects,” he said.
“Producers and end users of lithium-ion batteries are already closely monitoring the carbon footprint associated with the raw materials that feed into battery technology.”
SVM’s resources have been shown to hold up to 60 per cent less global warming potential (GWP) than the current reported GWP of major graphite producers, cementing a possible path to becoming one of the world’s lowest cost and lowest sources of natural graphite.
The company’s pre-feasibility study (PFS) at Kasiya is continuing to optimise concentration grades and confirm the optimal purification process, with outcomes expected to be released in the coming months.
SVM shares closed 2.5 per cent higher, trading at 41 cents at market close.
