Sovereign Metals Limited (AU:SVM) has released an update.
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Sovereign Metals Limited reports progress on railway upgrades across its Kasiya Rutile-Graphite tenements in Malawi, with refurbishments aimed at enhancing capacity and efficiency expected to complete by the end of 2024. The upgrades, conducted by Central and Eastern African Railway Company, facilitate increased load-bearing capacity and connect to the strategic Nacala Logistics Corridor for exporting minerals. These developments are in line with Malawi’s national strategy to bolster the mining sector and expand export capabilities.
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