Sovereign Metals (ASX:SVM) completed the installation of a spiral concentrator plant within its expanded laboratory and testing facility in Malawi, according to a Wednesday filing with the Australian bourse.
The plant will be used to test graphite pre-concentrates sourced from the Kasiya rutile-graphite project to support offtake discussions in the traditional graphite and lithium-ion battery markets, the miner said in the filing.
Shares of Sovereign Metals jumped almost 7% at market close on Wednesday.
Price (AUD): $0.64, Change: $+0.040, Percent Change: +6.67%
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