Mount Adrah contains a JORC Mineral Resource estimate of 770,000 ounces of gold and is currently being independently reviewed by consultants.
The aim of the review is to examine prospectivity, scrutinise potential for mining operations, review drill hole data and
undertake resource development planning.
It is expected to be finalised following a site visit later this month.
During the June quarter Sovereign acquired the Clayton Valley Lithium Project in the U.S. state of Nevada and acquired an option to purchase the Crescent Lake Lithium Project in Canada.
Geos Mining Minerals Consultants are currently conducting a high-level data review of the Clayton Valley Lithium Project, which is located 400 kilometres from the under construction Tesla Gigafactory.
Separate site due diligence is being conducted at Crescent Lake ahead of a decision to exercise the option to acquire the project.
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