Malawi Rutile – Graphite Project

Fortuna’s recently acquired Rutile – Graphite Project in Malawi is located ~30km from the capital city Lilongwe. The Project consists of four licences, two of which are granted being the Mkanda Project and Kampini Project. The Project is a significant landholding covering 1,020km 2 of
prospective trend along strike of Sovereign Metals (ASX.SVM) Kasiya Rutile-Graphite Project, the largest rutile deposit and second largest graphite deposit in the world.

Fortuna believes the Project area is extremely prospective to target a Tier One dual commodity Rutile-Graphite deposit from surface. Malawi is an emerging major new rutile province, and a stable democratic nation referred to as the Warm Heart of Africa. The country boasts excellent surrounding infrastructure including sealed roads, a high-quality rail line connecting to the deep-water port of Nacala on the Indian Ocean and hydro-sourced grid power.

Rutile is the purest, highest-grade form of naturally occurring titanium feedstock for high-end titanium metal used in robotics, aerospace and defence applications. Titanium has superior material properties that are prized across advanced industries.

Rutile has a far higher strength to weight ratio than aluminium and magnesium alloys and is 45% lighter than steel. Titanium metals can be up to 3-5 times stronger than stainless steel, and has superior corrosion resistance, making durable long-life products.

The Company plans to undertake rapid cost-effective exploration with the aim of defining significant mineral resources that have been proven to be hosted in the paragneiss saprolite host rock at Sovereign Metals adjacent to our Project. The Company intends on delivering consistent news flow catalysts and updating the market as exploration progresses.

About

Fortuna Metals (ASX.FUN) is a mineral exploration company with a focus on the discovery of critical minerals including Rutile, Graphite, Rare Earth Elements (REE’s) in Malawi, Africa and REE’s and base metals in Western Australia and South Australia. These minerals are vital to high end advanced manufacturing and the future decarbonisation of the global economy as they enable new sustainable technologies.