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Sovereign to capitalise on increased interest in graphite

An improvement in equity market conditions for graphite plays as well as better project focus has prompted rutile company Sovereign Metals to unveil spin-out plans for its Malawi graphite assets into a new company called NGX that is looking at an ASX float next year.

Sovereign to capitalise on increased interest in graphite Sovereign to capitalise on increased interest in graphite Sovereign to capitalise on increased interest in graphite Sovereign to capitalise on increased interest in graphite Sovereign to capitalise on increased interest in graphite

Sovereign now has a graphite IPO in hand called NXG

NXG is to be initially led by chartered accountant Matthew Syme who was on the board of Sovereign for a few years last decade.