Sovereign Metals Limited announced report on the progress of the Scoping Study (Study) for the Kasiya Rutile Project Sovereign has reported a total of ~114km2 of drilled, high-grade rutile mineralisation (Kasiya 89km2 + Nsaru 25km2). The area covered by the Kasiya Mineral Resource Estimate (MRE) represents only 49km2 or 43% of the 114km2 drilled mineralised footprint. The opportunity to significantly expand on the maiden MRE in the near to medium term is achievable. Two core drilling rigs are now in operation on a 200+ hole program at Kasiya. The program is being executed by Malawi drill contractors, Geoconsult, with additional support from Bamboo Rock Drilling. This core program is designed to bring the central, high grade areas of rutile mineralisation at Kasiya into the JORC Indicated category to underpin the Study. Hand-auger drilling is also ongoing at the Company's Nsaru deposit. The Company's Managing Director, Julian Stephens is currently in Malawi overseeing the drilling programs and conduct meetings with senior Government officials and other key stakeholders. After the successful bulk scale metallurgy program completed in late 2020, the Company has designed a Pre-Feasibility level bulk scale program. The objective of this program to further optimise flowsheet development and assess variability across the different weathering zones. The Company will also continue to evaluate the potential of recovering a graphite by-product from the Kasiya rutile deposit. The metallurgical test-work program is being conducted at globally recognised laboratory, AML in Perth, Australia with the 4-tonne sample already on hand in Perth. The Company has commenced significant components of the Environmental, Social, Impact Assessment (ESIA). Sovereign's development strategy has a core focus on creating an environmentally and socially responsible and sustainable operation. Baseline environmental studies have commenced covering terrestrial flora and fauna, aquatic biology, air quality, surface water and groundwater studies. The Company has continued engagement with all stakeholders from local communities through to the Government of Malawi. The Study is the next major milestone for the Company to move the Kasiya Rutile Project closer towards potential production. This globally significant rutile project is located in Malawi, a stable, transparent jurisdiction. Central Malawi exhibits excellent existing infrastructure including grid power and an extensive sealed road network. The Kasiya Rutile Project is strategically located in close-proximity to the capital city of Lilongwe, providing access to a skilled workforce mining facilities and industrial services. The location provides access to the operating Nacala Rail Corridor linking to the Indian Ocean deep water port of Nacala in Mozambique, enabling a low-cost transport solution and access to major international markets. The Company's Study team and its ESG Advisory Committee are ensuring they integrate sustainability best practices across the Study. The ESG Advisory Committee plans to ensure Sovereign strives to: promote achievement of the UN Sustainable Development Goals through its business; recognise how the Company may responsibly continue its activities within the framework of the EU Taxonomy; and operate under the Principles of the International Council on Mining and Metals. The Company is looking forward to presenting a robust Study in late 2021.