Mining Intelligence and News
Malawi

Kasiya Project

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Categories

Overview

Mine TypeOpen Pit
StagePre-Feasibility
Commodities
  • Rutile
  • Graphite
Mining Method
  • Hydraulic mining
Mine Life... Lock
SnapshotKasiya is the largest natural rutile deposit and the second-largest flake graphite deposit in the world. Sovereign aims to develop a low-CO2 and sustainable operation to supply highly sought-after natural rutile and graphite to global markets.

Sovereign advanced optimisation test work and technical studies for the Kasiya rutilegraphite project with the strategic investor, Rio Tinto. Under the Investment Agreement, Rio Tinto will provide assistance and advice on technical and marketing aspects of Kasiya.

Owners

SourceSource
CompanyInterestOwnership
Sovereign Metals Ltd. 100 % Indirect
The Sovereign owns 100% of the Kasiya Project.

Contractors

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Deposit type

  • Mineral sands
  • Placer

Summary:

A particular paragneiss unit rich in rutile and graphite is the primary source of both minerals. The high-grade rutile deposit at Kasiya is best described as a residual placer. It is formed by weathering of the primary paragneiss host rock and concentration in place of the heavy minerals such as rutile, as opposed to the high-energy transport and concentration of heavy minerals in a traditional placer.

Rutile mineralisation lies in laterally extensive, near surface, flat “blanket” style bodies in areas where the weathering profile is preserved and not significantly eroded. Kasiya shows widespread, high-grade mineralisation commonly grading 1.2% to 2.0% rutile in the top 3-5m from surface. Moderate grade mineralisation generally grading 0.5% to 1.2% rutile commonly extends from 5m to the base of the soft saprolite unit to generally 20-25m depth where it terminates on the hard saprock basement.

Graphite generally occurs in broad association with rutile. However, it is depleted in the top 3-5m and therefore can often show an inverse grade relationship with rutile in the near-surface zones. At depths generally greater than 5m a more consistent rutile-graphite grade relationship exists.

The low-grade graphite mineralisation occurs as multiple bands of graphite gneisses, hosted within a broader Proterozoic paragneiss package. In the Kasiya areas specifically, the preserved weathering profile hosts significant vertical thicknesses, from near surface, of graphite mineralisation.

The Kasiya mineralised footprint strikes NE – SW and currently occupies an area of about 201km2 .

The mineralisation has been released by weathering of the underlying, layered gneissic bedrock that broadly trends NE-SW at Kasiya North and N-S at Kasiya South. It lies in a laterally extensive superficial blanket with high-grade zones reflecting the broad bedrock strike orientation of ~045° in the North of Kasiya and 360° in the South of Kasiya.

The mineralisation is laterally extensive where the entire weathering profile is preserved and not significantly eroded. Minor removal of the mineralised profile has occurred in alluvial channels.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnitsAvg. Annual
Rutile kt 222
Graphite kt 244
All production numbers are expressed as concentrate.

Operational metrics

Metrics
Annual ore mining rate  ....  Subscribe
Annual processing rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
* According to 2023 study.

Production Costs

CommodityUnitsAverage
Cash costs Graphite USD  ....  Subscribe
Total cash costs Rutile+Graphite USD  ....  Subscribe
Assumed price Rutile USD  ....  Subscribe
Assumed price Graphite USD  ....  Subscribe
* According to 2023 study / presentation.
** Net of By-Product.

Operating Costs

Currency2023
OP mining costs ($/t milled) USD 2.09 *  
G&A ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2023 study.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscribe
Expansion CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 10% $M USD  ......  Subscribe
Pre-tax NPV @ 8% $M USD  ......  Subscribe
After-tax NPV @ 10% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNamePhoneProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Sep 28, 2023
....................... Subscription required ....................... Subscription required ........... Subscription required Subscription required Mar 20, 2024

Total WorkforceYear
...... Subscription required 2023

Aerial view:

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