Re: DMA - Dynasty Metals
There has only been 1 trade, how does this equate to turning around?
There has only been 1 trade, how does this equate to turning around?
DMA - Dynasty Resources
- Thread starter PAD
- Start date
Re: DMA - Dynasty Metals
I noticed the low selling offers have been dropped. No more 0.079 on offer.
Market cap $9 million. 932 million tonnes at 27% Fe.
Very similar to Brockman Resources.
I noticed the low selling offers have been dropped. No more 0.079 on offer.
Market cap $9 million. 932 million tonnes at 27% Fe.
Very similar to Brockman Resources.
Re: DMA - Dynasty Metals
More news bigdog.
http://www.businessspectator.com.au...-in-WA-pd20121211-2URYE?OpenDocument&src=hp36
http://www.smh.com.au/business/mini...committed-to-was-iron-ore-20121210-2b5d7.html
I wonder if DMA counts as a Chinese company given the Top 20.
God knows they need the support.
More news bigdog.
http://www.businessspectator.com.au...-in-WA-pd20121211-2URYE?OpenDocument&src=hp36
http://www.smh.com.au/business/mini...committed-to-was-iron-ore-20121210-2b5d7.html
I wonder if DMA counts as a Chinese company given the Top 20.
God knows they need the support.
bigdog
Retired many years ago
- Joined
- 19 July 2006
- Posts
- 8,200
- Reactions
- 5,629
Re: DMA - Dynasty Metals
verce - some news for DMA
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01373749
Grant of New Iron Ore Tenement in Pilbara
15/01/2013 11:53:21 AM
GRANT OF NEW IRON ORE TENEMENT IN PILBARA
Dynasty Metals Australia Ltd (ASX: DMA) is pleased to announce the grant of a key iron ore tenement E47/2396 within the Pilbara Region, covering an area of 24.4km². The tenement is within 7 kilometres of Rio Tinto’s Marandoo Mine, a high grade deposit within the Marra Mamba formation and adjacent to Rio Tinto’s rail line.
The tenements have potential for Marra Mamba Direct Shipping Ore (DSO) targets under alluvial cover as well as Channel Iron Deposit (CID) targets shedding from the Brockman formation which forms an impressive scarp to the north of the tenement.
Previous work available on open file indicates there has been no historical drilling on the tenement. Regional magnetics indicate there may be some continuation at depth of the outcropping Marra Mamba stratigraphy to the north-west (known as the Marandoo West deposit). Drilling in Marandoo West has returned many intercepts with > 50% Fe with the best intercept from Hole MWP17 with 45m @ 61.4% Fe from surface.
A ground magnetic program will commence shortly and programmes of work are being submitted to allow rapid exploratory drilling to understand the structure and stratigraphy in the area.
Competent Person Statement
Qualifying Statement: The information in this report that relates to exploration results and mineral resource calculations has been compiled by Mr David Jenkins a full time employee of Terra Search Pty Ltd, geological consultants employed by Dynasty Metals Australia Ltd. Mr Jenkins is a Member of the Australian Institute of Geoscientists and has sufficient experience in the style of mineralisation and type of deposit under consideration and the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results (“JORC Code”). Mr Jenkins consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.
Enquiries:
Lewis Tay
Managing Director
(08) 6316 4414
4931
verce - some news for DMA
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01373749
Grant of New Iron Ore Tenement in Pilbara
15/01/2013 11:53:21 AM
GRANT OF NEW IRON ORE TENEMENT IN PILBARA
Dynasty Metals Australia Ltd (ASX: DMA) is pleased to announce the grant of a key iron ore tenement E47/2396 within the Pilbara Region, covering an area of 24.4km². The tenement is within 7 kilometres of Rio Tinto’s Marandoo Mine, a high grade deposit within the Marra Mamba formation and adjacent to Rio Tinto’s rail line.
The tenements have potential for Marra Mamba Direct Shipping Ore (DSO) targets under alluvial cover as well as Channel Iron Deposit (CID) targets shedding from the Brockman formation which forms an impressive scarp to the north of the tenement.
Previous work available on open file indicates there has been no historical drilling on the tenement. Regional magnetics indicate there may be some continuation at depth of the outcropping Marra Mamba stratigraphy to the north-west (known as the Marandoo West deposit). Drilling in Marandoo West has returned many intercepts with > 50% Fe with the best intercept from Hole MWP17 with 45m @ 61.4% Fe from surface.
A ground magnetic program will commence shortly and programmes of work are being submitted to allow rapid exploratory drilling to understand the structure and stratigraphy in the area.
Competent Person Statement
Qualifying Statement: The information in this report that relates to exploration results and mineral resource calculations has been compiled by Mr David Jenkins a full time employee of Terra Search Pty Ltd, geological consultants employed by Dynasty Metals Australia Ltd. Mr Jenkins is a Member of the Australian Institute of Geoscientists and has sufficient experience in the style of mineralisation and type of deposit under consideration and the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results (“JORC Code”). Mr Jenkins consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.
Enquiries:
Lewis Tay
Managing Director
(08) 6316 4414
4931
bigdog
Retired many years ago
- Joined
- 19 July 2006
- Posts
- 8,200
- Reactions
- 5,629
Re: DMA - Dynasty Metals
DMA share price today low 0.042 and high 0.046 cents
NON-RENOUNCEABLE
RIGHTS ISSUE
OFFER DOCUMENT
For a non-renounceable offer of New Shares at an issue price of $0.05 per share to raise approximately $1.06 million
The last date for applications is 7 May 2013
2. LETTER FROM THE CHAIRMAN
5 April 2013
Dear Shareholder,
I am pleased to invite you to participate in a 1-for-5 non-renounceable Rights Issue at $0.05 per Share to be made by the Company (Rights Issue). This Offer Document outlines the details of the Rights Issue.
Key dates for receipt of subscriptions and completion of the offer are set out in this Offer Document. It is proposed to raise approximately $1.06 million less offer expenses by this Rights Issue if fully subscribed.
I wrote to Shareholders on 7 March 2013 providing an update on the Company’s exploration and other corporate activities. The Board are committed to a drilling program at the Marandoo project in the Pilbara region of Western Australia. In addition to this, ongoing testing on the beneficiation process for our flagship Spearhole project is showing promise.
On the basis of this, the Company is seeking to raise additional funds to ensure there is sufficient working capital available as and when required by the Company.
The proceeds from this Rights Issue will be used to fund these exploration activities.
5502
DMA share price today low 0.042 and high 0.046 cents
NON-RENOUNCEABLE
RIGHTS ISSUE
OFFER DOCUMENT
For a non-renounceable offer of New Shares at an issue price of $0.05 per share to raise approximately $1.06 million
The last date for applications is 7 May 2013
2. LETTER FROM THE CHAIRMAN
5 April 2013
Dear Shareholder,
I am pleased to invite you to participate in a 1-for-5 non-renounceable Rights Issue at $0.05 per Share to be made by the Company (Rights Issue). This Offer Document outlines the details of the Rights Issue.
Key dates for receipt of subscriptions and completion of the offer are set out in this Offer Document. It is proposed to raise approximately $1.06 million less offer expenses by this Rights Issue if fully subscribed.
I wrote to Shareholders on 7 March 2013 providing an update on the Company’s exploration and other corporate activities. The Board are committed to a drilling program at the Marandoo project in the Pilbara region of Western Australia. In addition to this, ongoing testing on the beneficiation process for our flagship Spearhole project is showing promise.
On the basis of this, the Company is seeking to raise additional funds to ensure there is sufficient working capital available as and when required by the Company.
The proceeds from this Rights Issue will be used to fund these exploration activities.
5502
Attachments
bigdog
Retired many years ago
- Joined
- 19 July 2006
- Posts
- 8,200
- Reactions
- 5,629
Re: DMA - Dynasty Metals
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01407888
ASX Announcement
NON-RENOUNCEABLE RIGHTS ISSUE CLOSURE, ACCEPTANCES AND SHORTFALL
Dynasty Metals Australia Limited (DMA) advises that its 1-for-5 non-renounceable rights issue at an issue price of $0.05 per new fully paid ordinary share (Rights Issue) closed on 7 May 2013 with subscriptions for 4,385,160 shares.
Total funds received are $219,258. Given the significant number of shareholders who are based overseas and ineligible to participate, combined with the current investment climate, the Board are pleased with this response.
There has been considerable interest from other parties in the 16,841,542 Shortfall Shares which the Board intend to use to raise further funds so as to accelerate the exploration programs in the Mandaroo project. These exploration programs are expected to commence by the end of this month.
The Offer shortfall amount stated above represents the maximum number of New Shares which the Directors can now issue under the Placement Offer at their discretion within three months of the Rights Issue closing date, at an issue price which is not less than the Rights Issue Price of $0.05 per share.
The allotment and issue of the 4,385,160 New Shares which were subscribed for under the Rights Issue and Shortfall offers will occur on 15 May 2013. Despatch of holding statements will occur on 16 May 2013.
It is anticipated that normal trading of the New Shares will commence on Thursday, 16 May 2013.
5780
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01407888
ASX Announcement
NON-RENOUNCEABLE RIGHTS ISSUE CLOSURE, ACCEPTANCES AND SHORTFALL
Dynasty Metals Australia Limited (DMA) advises that its 1-for-5 non-renounceable rights issue at an issue price of $0.05 per new fully paid ordinary share (Rights Issue) closed on 7 May 2013 with subscriptions for 4,385,160 shares.
Total funds received are $219,258. Given the significant number of shareholders who are based overseas and ineligible to participate, combined with the current investment climate, the Board are pleased with this response.
There has been considerable interest from other parties in the 16,841,542 Shortfall Shares which the Board intend to use to raise further funds so as to accelerate the exploration programs in the Mandaroo project. These exploration programs are expected to commence by the end of this month.
The Offer shortfall amount stated above represents the maximum number of New Shares which the Directors can now issue under the Placement Offer at their discretion within three months of the Rights Issue closing date, at an issue price which is not less than the Rights Issue Price of $0.05 per share.
The allotment and issue of the 4,385,160 New Shares which were subscribed for under the Rights Issue and Shortfall offers will occur on 15 May 2013. Despatch of holding statements will occur on 16 May 2013.
It is anticipated that normal trading of the New Shares will commence on Thursday, 16 May 2013.
5780
bigdog
Retired many years ago
- Joined
- 19 July 2006
- Posts
- 8,200
- Reactions
- 5,629
Re: DMA - Dynasty Metals
Yesterday ASX announcement @ 2:59:49 PM resulted in increase of 1.8 cents in SP to 5.8 cents on low volume of 235,667 shares!!!
Time........ .Price Volum Value Condition
3:57:59 PM 0.058 1,000 58.000
3:57:59 PM 0.058 15,000 870.000
3:34:13 PM 0.055 10,000 550.000 XT
3:22:44 PM 0.050 43,517 2,175.850
3:10:32 PM 0.048 50,000 2,400.000
3:10:00 PM 0.048 1,650 79.200 XT
3:10:00 PM 0.048 64,500 3,096.000 XT
3:10:00 PM 0.048 50,000 2,400.000
There has been very few trades over the past months!!!
Date....... Close Volume
7/11/2013 0.058 235,667
31/10/2013 0.040 25,000
20/09/2013 0.047 16,483
18/09/2013 0.042 226,550
13/09/2013 0.046 31,221
10/09/2013 0.048 46,222
2/09/2013 0.048 15,000
29/08/2013 0.043 7,211
27/08/2013 0.050 5,444
22/08/2013 0.050 10,000
19/08/2013 0.050 84556
Yesterday's ASX ANN
DMA 7/11/2013 2:59:49 PM Irwin Shale Gas and Shale Oil Potential
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01463529
November 7 2013
ASX Announcement
IRWIN SHALE GAS AND SHALE OIL POTENTIAL
Dynasty Metals Australia Limited (Dynasty) is pleased to announce it has received an independent report of assessment on shale oil and gas potential within tenements EP484 and EP485 in West Australia. The two permits are located in Irwin River Terrace, North Perth Basin and 100% owned by Dynasty Metals.
It has been concluded by an independent consultant, Austar Gas Pty Ltd (Austar) that the hydrocarbon accumulation is identified in the Cadda Shale, Carynginia Shale and Kockatea Shale. The fairways of the hydrocarbon play present in west of Irwin River Terrace, which is next to the existing oil and gas fields. The report has estimated prospective original oil in place of more than 2 billion barrels of shale oil and original gas in place of more than 20 trillion cubic feet of shale gas.
Austar is considered a specialist in Australia having extensive experience in evaluating resource of unconventional petroleum. These conclusions have been drawn from data in adjacent wells and the publicly available regional geological information.
Dynasty’s Managing Director Lewis Tay said, “Other petroleum players have commercially produced oil and gas in Dongara, Mount Horner, Woodada and other blocks which neighbour our permits. The report indicates that the reservoir of the commercial field extends to our permits. The study gives us confidence to invest further in exploiting shale oil and gas in Irwin River Terrace”.
The Company is also currently in discussions with various potential JV partners in relation to these assets, or alternatively, a spin‐off of these assets into another vehicle and an in‐specie distribution to Dynasty shareholders may be considered.
6569
Yesterday ASX announcement @ 2:59:49 PM resulted in increase of 1.8 cents in SP to 5.8 cents on low volume of 235,667 shares!!!
Time........ .Price Volum Value Condition
3:57:59 PM 0.058 1,000 58.000
3:57:59 PM 0.058 15,000 870.000
3:34:13 PM 0.055 10,000 550.000 XT
3:22:44 PM 0.050 43,517 2,175.850
3:10:32 PM 0.048 50,000 2,400.000
3:10:00 PM 0.048 1,650 79.200 XT
3:10:00 PM 0.048 64,500 3,096.000 XT
3:10:00 PM 0.048 50,000 2,400.000
There has been very few trades over the past months!!!
Date....... Close Volume
7/11/2013 0.058 235,667
31/10/2013 0.040 25,000
20/09/2013 0.047 16,483
18/09/2013 0.042 226,550
13/09/2013 0.046 31,221
10/09/2013 0.048 46,222
2/09/2013 0.048 15,000
29/08/2013 0.043 7,211
27/08/2013 0.050 5,444
22/08/2013 0.050 10,000
19/08/2013 0.050 84556
Yesterday's ASX ANN
DMA 7/11/2013 2:59:49 PM Irwin Shale Gas and Shale Oil Potential
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01463529
November 7 2013
ASX Announcement
IRWIN SHALE GAS AND SHALE OIL POTENTIAL
Dynasty Metals Australia Limited (Dynasty) is pleased to announce it has received an independent report of assessment on shale oil and gas potential within tenements EP484 and EP485 in West Australia. The two permits are located in Irwin River Terrace, North Perth Basin and 100% owned by Dynasty Metals.
It has been concluded by an independent consultant, Austar Gas Pty Ltd (Austar) that the hydrocarbon accumulation is identified in the Cadda Shale, Carynginia Shale and Kockatea Shale. The fairways of the hydrocarbon play present in west of Irwin River Terrace, which is next to the existing oil and gas fields. The report has estimated prospective original oil in place of more than 2 billion barrels of shale oil and original gas in place of more than 20 trillion cubic feet of shale gas.
Austar is considered a specialist in Australia having extensive experience in evaluating resource of unconventional petroleum. These conclusions have been drawn from data in adjacent wells and the publicly available regional geological information.
Dynasty’s Managing Director Lewis Tay said, “Other petroleum players have commercially produced oil and gas in Dongara, Mount Horner, Woodada and other blocks which neighbour our permits. The report indicates that the reservoir of the commercial field extends to our permits. The study gives us confidence to invest further in exploiting shale oil and gas in Irwin River Terrace”.
The Company is also currently in discussions with various potential JV partners in relation to these assets, or alternatively, a spin‐off of these assets into another vehicle and an in‐specie distribution to Dynasty shareholders may be considered.
6569
- Joined
- 27 June 2010
- Posts
- 4,202
- Reactions
- 328
On November 27th, 2013, Dynasty Metals Australia Limited changed its name to Dynasty Resources Limited.
bigdog
Retired many years ago
- Joined
- 19 July 2006
- Posts
- 8,200
- Reactions
- 5,629
http://www.proactiveinvestors.com.a...-benefit-from-atlas-iron-royalties-51298.html
Dynasty Resources (ASX Code: DMA) is implementing its strategic plan to rapidly emerge as an iron ore producer in the Pilbara region of Western Australia.
Dynasty Resources to benefit from Atlas Iron royalties
Thursday, December 19, 2013 by Proactive Investors
Dynasty Resources (ASX: DMA) has noted a review of exploration work by Atlas Iron (ASX:AGO) which indicates significant and coherent iron intercepts across the Avalon Point Prospect within its Abydos project in Western Australia.
In April 2006, Atlas purchased the iron ore rights of the tenement by issuing 500,000 Atlas shares to Dynasty plus a 2% gross royalty.
Based on the current results, Dynasty estimates an exploration target of 1 to 1.5 million tonnes at 54 to 58% iron ore, which does not include extensions along strike from current drilling, or potential resources at other prospects.
Atlas is targeting production of direct shipping ore (DSO) from Abydos at a rate of 2 to 3 million tonnes per annum with a mine life of 7 to 10 years, potentially generating significant revenues for Dynasty.
High grade rock chip sampling and encouraging drill results have been received from other prospects within the tenement that are currently untested.
DMA $0.048 closing price December 17 2013
7479
Dynasty Resources (ASX Code: DMA) is implementing its strategic plan to rapidly emerge as an iron ore producer in the Pilbara region of Western Australia.
Dynasty Resources to benefit from Atlas Iron royalties
Thursday, December 19, 2013 by Proactive Investors
Dynasty Resources (ASX: DMA) has noted a review of exploration work by Atlas Iron (ASX:AGO) which indicates significant and coherent iron intercepts across the Avalon Point Prospect within its Abydos project in Western Australia.
In April 2006, Atlas purchased the iron ore rights of the tenement by issuing 500,000 Atlas shares to Dynasty plus a 2% gross royalty.
Based on the current results, Dynasty estimates an exploration target of 1 to 1.5 million tonnes at 54 to 58% iron ore, which does not include extensions along strike from current drilling, or potential resources at other prospects.
Atlas is targeting production of direct shipping ore (DSO) from Abydos at a rate of 2 to 3 million tonnes per annum with a mine life of 7 to 10 years, potentially generating significant revenues for Dynasty.
High grade rock chip sampling and encouraging drill results have been received from other prospects within the tenement that are currently untested.
DMA $0.048 closing price December 17 2013
7479
bigdog
Retired many years ago
- Joined
- 19 July 2006
- Posts
- 8,200
- Reactions
- 5,629
ASX announcement
13/07/2018 10:41 AM
Dynasty Corporate Update
https://www.asx.com.au/asxpdf/20180713/pdf/43whm9lbjlbsbt.pdf
CORPORATE UPDATE
Dynasty Resources Limited (Dynasty or the Company) has been engaged in extensive discussions with the Australian Securities Exchange (ASX) since its suspension from trading on 8 December 2016.
The ASX determined that the Company’s investment in U.S.A. Nongbiao Puruina Group Agricultural Holding Limited (Nong Biao) constituted a change in the activities of the Company and the Company would have to re-comply with Chapters 1 and 2 of the Listing Rules.
After much thought and deliberation, the directors have resolved to dispose of the Company’s investment in Nong Biao and continue operations as an exploration entity.
A search for a suitable buyer for Nong Biao is underway, and directors are hopeful that a sale of the Company’s investment in Nong Biao will be possible at or around the book value of $3,500,000. As this proposal develops, shareholders will be asked to approve the sale as required by the Listing Rules.
Dynasty currently conducts exploration activities over E45/2728 and E08/2915.
E45/2728 is a prospective lithium exploration lease which sits adjacent to the significant lithium resources in the Pilgangoora area of the East Pilbara region in Western Australia, The Company is seeking joint venture partners to accelerate exploration, particularly for lithium. Due diligence has commenced, and farm-in arrangements are under discussion.
E08/2915, comprises a total area of 14 blocks for 42 km² where historical soil and rock chip programs returned anomalous cobalt and copper results. Dynasty has completed a preliminary desktop study and reconnaissance sampling program has identified a number of target zones for cobalt. A detailed surface sampling program is expected to commence no later than early September 2018.
Additionally, the Company is actively assessing other mineral opportunities to add to its exploration portfolio.
Enquiries:
Lewis Tay
Managing Director
+61 8 6316 4414
13/07/2018 10:41 AM
https://www.asx.com.au/asxpdf/20180713/pdf/43whm9lbjlbsbt.pdf
CORPORATE UPDATE
Dynasty Resources Limited (Dynasty or the Company) has been engaged in extensive discussions with the Australian Securities Exchange (ASX) since its suspension from trading on 8 December 2016.
The ASX determined that the Company’s investment in U.S.A. Nongbiao Puruina Group Agricultural Holding Limited (Nong Biao) constituted a change in the activities of the Company and the Company would have to re-comply with Chapters 1 and 2 of the Listing Rules.
After much thought and deliberation, the directors have resolved to dispose of the Company’s investment in Nong Biao and continue operations as an exploration entity.
A search for a suitable buyer for Nong Biao is underway, and directors are hopeful that a sale of the Company’s investment in Nong Biao will be possible at or around the book value of $3,500,000. As this proposal develops, shareholders will be asked to approve the sale as required by the Listing Rules.
Dynasty currently conducts exploration activities over E45/2728 and E08/2915.
E45/2728 is a prospective lithium exploration lease which sits adjacent to the significant lithium resources in the Pilgangoora area of the East Pilbara region in Western Australia, The Company is seeking joint venture partners to accelerate exploration, particularly for lithium. Due diligence has commenced, and farm-in arrangements are under discussion.
E08/2915, comprises a total area of 14 blocks for 42 km² where historical soil and rock chip programs returned anomalous cobalt and copper results. Dynasty has completed a preliminary desktop study and reconnaissance sampling program has identified a number of target zones for cobalt. A detailed surface sampling program is expected to commence no later than early September 2018.
Additionally, the Company is actively assessing other mineral opportunities to add to its exploration portfolio.
Enquiries:
Lewis Tay
Managing Director
+61 8 6316 4414
- Joined
- 17 August 2006
- Posts
- 7,893
- Reactions
- 8,588
Sold out of Dynasty a long time ago … It had a lot of potential but poorly managed. I love Chinese food but you can only eat so many Dim Sims
Hopefully they can resurrect some confidence back into the Company but with LT at the helm, I'm out!
Hopefully they can resurrect some confidence back into the Company but with LT at the helm, I'm out!
