Fortuna Metals (ASX: $FUN) to Acquire Rutile Projects in Malawi
Key Highlights:
- Adjacent to Sovereign Metals (ASX: $SVM) Kasiya deposit (1,809Mt @ 1% Rutile, 1.4% Graphite), market cap ~A$450M, the world’s largest rutile and second largest flake graphite deposit
- Rutile is a high-grade titanium mineral used in aerospace, defence, robotics and manufacturing
- Drilling at Mkanda & Kampini projects scheduled to commence by October
- Sector peers include $LRM, $OSM, #DY6
Link to the Announcement: Click Here