DY6 Stakes Extremely Potential REE Carbonatite Job in Malawi

REEs are likewise vital to the production of gadgets such as mobile phones, providing context to the news that together with other crucial minerals such as lithium and cobalt, worldwide need for REEs is anticipated to increase by as much as 600 percent over the next a number of years

It is clear the world requires to increase uncommon earths production– a difficulty DY6 Metals (ASX: DY6) comprehends. This mineral expedition business holds a 100-percent interest in 3 extremely potential crucial metals jobs in Malawi. As one of the most steady jurisdictions in Southern Africa, Malawi is home to substantial mineral wealth– a reality which, together with its mining-friendly federal government, have actually seen the nation delight in considerable mining financial investments over current years.

Maiden drilling is currently underway at the business’s flagship Machinga Heavy Rare Earth Job together with prepare for additional expedition. Long-lasting, DY6’s technique is to increase investor worth through high-impact drilling and resource delineation.

Therefore far, this technique seems working.

Found within the Chilwa Alkaline Province (the exact same province that hosts Lindian’s Kangankunde task), Machinga is DY6’s flagship task. The initial expedition license, covering 42.9 square kilometers, was gotten because of uranium channel radiometric abnormalities found by a country-wide air-borne study in the 1980s. The abnormality present in Machinga is constant along a strike of approximately 7 kilometers.

Job Emphasizes:

• Near-surface Mineralization: Machinga hosts state-of-the-art, near-surface heavy uncommon earth oxides along with niobium, tantalum and zirconium capacity.
• Promising Abnormalities: The nature of the Machinga radiometric abnormalities shows that there is considerable capacity for DY6 to find extra REE mineralization throughout the larger task location.
• Area: The Machinga Job lies along the Lilongwe-Zomba highway and is located simply north of the town of Zomba.
• Location Geology: Geologically, the complex in which the Machinga Job lies is specified by a big alkaline complex that intrudes Proterozoic basement gneisses, granulites and amphibolite. The task location itself is controlled by a big syenite pluton and consists of a variety of smaller sized invasions and pegmatites.
• Drill Outcomes: Arise from a 2010 drill program at Machinga North, itself among 6 targets in the location, consisted of:
  • MARC005
    • 11 meters at 1 percent overall uncommon earth oxide (TREO) with 330 parts per million (ppm) dysprosium oxide (from 12 meters), consisting of;
    • 4 meters at 1.4 percent TREO with 492 ppm dysprosium oxide (from 19 meters)
  • MARC015
    • 5 meters at 1.5 percent TREO with 596 ppm dysprosium oxide (from 26 meters), consisting of;
    • 1 meter at 2.5 percent TREO with 971 ppm dysprosium oxide (from 27 meters)
  • A heavy uncommon earth oxide (HREO): TREO ratio with a peak of 39 percent and approximately 33 percent.
  • A dysprosium oxide: TREO ratio with a peak of 3.9 percent and approximately 3.3 percent.
  • The target is specifically abundant in dysprosium and terbium. It likewise consists of considerable thulium, ytterbium and lutetium outcomes.
• Trench Outcomes: Trenching carried out in 2010 returned 33 meters @ 0.71 percent TREO, Inc.: 11 meters @ 1 percent TREO with 0.46 percent Nb2O5 (MATR002)

Straddling the Malawi-Mozambique border, the Salambidwe task covers a location of 24.9 square kilometers, related to the Salambidwe Ring Complex, which is understood for hosting numerous significant carbonate deposits. Geology in the location is likewise related to high radiometric worths, generally related to REE mineralization.

Job Emphasizes:

• Substantial Possible: The Salambidwe task is a virgin uncommon earth carbonate possibility. While no drilling has actually occurred at the task, rock-chip samples returned 2.05 percent TREO consisting of 214 ppm dysprosium oxide.
• Location Geology: With a size of roughly 6 kilometers, the Salambidwe Ring Complex is mainly syenite and nepheline syenite with an agglomerate rock core. Based upon this geology, the task has the prospective to host any of the following: copper, iron, titanium, niobium, thorium, uranium, REE, barium, phosphorus and fluorine.

Positioned simply east of the Thyolo Fault, the Ngala Hill Job’s zone of mineralization consists of a strong magnetic anomaly a sign of an oxidized invasive. Like Salambidwe, Ngala Hill is a reasonably fresh property. It has actually not been the target of any considerable modern-day expedition efforts, though the arise from historic works are nonetheless appealing.

Job Emphasizes:

• Several Mineralization Zones: Ngala Hill’s deposit takes the type of an ultramafic chonolith that intrudes onto an underlying Proterozoic Basement Complex quartz feldspar-amphibole gneisses. The chonolith is likewise cut by Karoo-age dolerite dykes. Presently, DY6 has actually determined 3 zones of palladium-rich palladium-platinum-gold-copper mineralization worthwhile of follow-up.
• Promising Historic Outcomes: After trenching the deposit in 2000, Phelps Dodge determined the following mineralization:
  • 12 meters at 3 grams per load (g/t) platinum group components (PGE)+ gold
  • 70 meters at 1.12 g/t PGE+ gold, consisting of 8 meters at 3.3 g/t PGE+ gold
• Existence of Enormous Sulphides: Historic expedition has actually determined enormous sulphides with grades of as much as 4 g/t palladium+ platinum+ gold and 0.7 percent copper in saprolite/saprock.
• Close Distance to Significant Facilities: Ngala Hill lies near the Nacala rail/port passage, with simple access to grid power.

Management Group

Dan Smith – Non-executive Chairman

Dan Smith holds a Bachelor of Arts, is a fellow of the Governance Institute of Australia and has more than 15 years’ main and secondary capital markets knowledge. He is a director and co-founder of Minerva Corporate, a store business services and advisory company. He has actually recommended on and been associated with over a lots IPOs/RTOs on the ASX, GOAL and NSX. Smith is presently non-executive director for a number of business on AIM/ASX operating in the resources sector with a concentrate on crucial minerals and has actually been greatly associated with task origination and examination.

Lloyd Kaiser – President

Lloyd Kaiser brings a wealth of understanding and experience in the uncommon earths sector having just recently held the function of basic supervisor of sales and marketing at Arafura Rare Earths Limited (ASX: ARU) where he effectively worked out binding uncommon earth off-take contracts with crucial automobile and wind energy devices makers. Throughout his more than ten years of period at Arafura, Kaiser likewise invested a variety of years as basic supervisor of innovation and engineering where he effectively provided innovation and procedure flowsheet advancement turning points, making it possible for conclusion of expediency and FEED engineering at Arafura’s flagship property, Nolans Bore, Northern Area.

Kaiser is a chemical engineer with over thirty years of experience in the resource sector covering numerous products, and has actually collected a big market network of individuals throughout the uncommon earths supply chain.

Myles Campion – Non-executive Director

Myles Campion has more than thirty years’ experience in the natural deposits sector, consisting of expedition geology, resource analysis, fund management, equities research study and task and financial obligation funding. He began his profession as an expedition and mining geologist in Australia covering base metals and gold. This consisted of being the task geologist at LionOre accountable for the expedition, discovery and BFS conclusion of the Emily Ann Nickel Sulphide Mine.

Campion’s monetary experience varieties from Australian and UK equities research study to task and financial obligation funding in London and fund supervisor for the OEIC Australian Natural Resources Fund for 5 years in Perth. He has actually been the executive director of Europa Metals because August 2020 and is a non-executive director at Katoro Gold.

John Kay – Non-executive Director

John Kay is a knowledgeable business attorney and business consultant. He has more than 15 years’ experience in equity capital markets, M&A and resources acquired through both personal practice and inhouse functions in Australia and the UK. He presently runs a business advisory practice, Arcadia Corporate, which offers business advisory and capital raising services to noted and unlisted business in the little cap mining sector.

Kay has actually formerly held a variety of non-executive and business secretarial functions for ASX noted mining and energy business and has actually recommended on over a lots IPOs/RTOs on the ASX. He holds a Bachelor of Laws from the University of Western Australia and is confessed to practice as a legal representative in Western Australia and England & & Wales.

Nannan He – Non-executive Director

Nannan He has more than ten years of experience in geosciences, chemical product trading, expedition and resources financial investment. Through her financial investment automobile Woodsouth Property Management, she has actually been actively taking a look at expedition and resource jobs around the world and has actually developed strong networks, especially in the Southeast Asian market.

Troth Saindi – Senior Expedition Geologist

Troth Saindi’s more than 15 years of experience in the mineral resource sector covers from expedition geology through to advancement and production. Saindi begun with MSA Group Providers in 2006, concentrating on gold, PGEs and base metal jobs in the Barberton Greenstone Belt and the Bushveld Complex. From 2007 to 2013, Saindi dealt with Platinum Group Metals (PTM) Pty Ltd in the Western and Northern Limbs of the Bushveld complex as a task geologist. He effectively led the discovery group in the brand-new Waterberg PGE deposit, where a state-of-the-art ore joint was called after him (T-Reef). From 2013 to present, Saindi has actually worked as group geologist with goal- noted Bushveld Minerals Ltd handling a number of mining and expedition jobs.

Eric Lilford – Technical Specialist

Dr. Eric Lilford is a mining engineer and minerals and energy financial expert with over thirty years’ experience in different senior and executive functions in mining, financial investment banking, consulting and scholastic functions. He has multi-commodity knowledge and has actually had operations and federal government experience throughout many African mining nations.

Lilford belongs to the worldwide Rare Earths Standards Committee, ISO Australia, and is on the professionals panel for the IMF.

Allan Younger – Technical Specialist

Allan Younger is a Geologist with over 40 years’ experience in all aspects of the resources market and most products. He is a professional explorer extremely experienced in target generation and task generation with sophisticated knowledge in multi-element geochemistry application and Analysis. Younger has actually worked for a variety of big worldwide and junior mining and expedition business, within Australia and worldwide, both as worker, specialist or specialist.

Presently, Younger functions as expedition supervisor for White Cliff Minerals (ASX: WCN), a mineral explorer concentrating on uncommon earths and lithium expedition in Western Australia.

Hilton Banda – Malawian Technical Specialist

Hilton Banda runs a knowledgeable Malawian geological, geotechnical, mining and ecological consultancy, Akatswiri Mineral Resources. His business will help the DY6’s executive management group in Malawi. Based in Zomba, southern Malawi, Akatswiri is just 50 kilometers from DY6’s flagship Machinga Job.