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DAL - Dalaroo Metals

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Dalaroo Metals has built a substantial portfolio comprising its Namban Ni-Cu-PGE and Lyons River Zn-Pb-Cu projects that cover an area of approximately 1,140 square kilometres in the Yilgarn and Gascoyne mineral regions of Western Australia, a tier 1 jurisdiction.

The Namban Project is located in the mid-north part of the wheatbelt adjacent to the town of Moora, a regional centre, 150km from Perth, straddling the Midland road/rail network. Namban comprises a large but under explored ground package totalling 437km2 and is deemed to be prospective for magmatic intrusion related Ni-Cu-PGE deposits. Project tenements cover a strike distance of 60 km, adjacent to the crustal scale Darling Fault, on the western margin of the Archaean Yilgarn Craton. Namban is 80km north of Chalice Mining’s recent Julimar discovery. Interpretation of aeromagnetic data over the Namban Project area has defined magnetic intrusions/anomalies prospective for Ni-Cu-PGE mineralisation similar to Julimar.

The Lyons River Project is located approximately 1,100 kilometres to the north east of Perth and approximately 100 kilometres to the north east of the town of Gascoyne Junction in the Gascoyne region of Western Australia. The site is easily accessible via a combination of sealed bitumen and unsealed roads.

Following completion of its IPO, the Company's exploration activities will immediately focus on undertaking the following:
  • At Namban, systematic auger geochemical sampling over some of the magnetic intrusion targets will commence. Airborne Electromagnetics will be flown followed by ground EM surveys. A combination of geochemical anomalism and EM data will define and prioritise early drill targets.
  • At Lyons River Project, to test the significant Four Corners anomaly where recent diamond drilling returned primary zinc, lead copper sulphides, downhole IP and or EM surveys have been planned and leading contractors engaged. This will be followed by a targeted 3,000 metre reverse circulation program.
It is anticipated that DAL will list on the ASX during September 2021.

 
Listing date15 September 2021 11:30AM AEST
Company contact detailshttps://www.dalaroometals.com.au/
Ph: +61 8 6380 9675
Principal ActivitiesMineral exploration
GICS industry groupTBA
Issue Price$0.20
Issue TypeOrdinary Fully Paid Shares
Security codeDAL
Capital to be Raised$5,000,000
Expected offer close date06 September 2021
UnderwriterNot underwritten. CPS Capital Group Pty Ltd (Lead Manager)
 
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