1.8 Billion Tonne Jorc Resource Confirms Kasiya as the Largest Rutile Deposit Ever Discovered

JORC MINERAL RESOURCE ESTIMATE UPDATE

1.8 Billion Tonnes @ 1.01% Rutile(Ind. + Inf.)

18 Million Tonnes Contained Rutile

Sovereign Metals Limited (ASX:SVM; AIM:SVML) (the Company or Sovereign) is pleased to announce its updated Mineral Resource Estimate (MRE) for Kasiya confirming it as a Tier 1 natural rutile deposit and a potential major source of low CO2 footprint critical minerals natural rutile and graphite.

• Updated mineral resource estimate (MRE) confirms Kasiya as the world’s largest rutile deposit and second largest graphite deposit
• Contained rutile at the Kasiya mega-deposit now stands at 18 Mt – tripling the previous MRE
• Contained flake graphite by-product now stands at 23 Mt
• High global resource grade @ 1.64% RutEq.* (recovered rutile + recovered graphite)
• 662 Mt (37%) of the total MRE reports to the Indicated category with remainder in Inferred category
• Scoping Study to be updated to reflect the substantial MRE scale increase to examine the impact of higher grades, increased production volumes and increased mine-life

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