DY6 - DY6 Metals

[System]

DY6 Metals Ltd is a mineral exploration and development company with a focus on heavy rare earth and critical metal projects in Malawi, including the acquisition of attractive exploration and development resource projects.

The Company has the right to acquire 100% of three highly prospective heavy rare earth and critical metal exploration projects in Southern Malawi, being:

(a) Machinga – prospective for Heavy Rare Earth Elements (HREE) and Niobium (Nb), Tantalum (Ta) and Zirconium (Zr);
(b) Salambidwe – prospective for HREE and Nb-Ta; and
(c) Ngala Hill – prospective for Palladium (Pd) rich Platinum Group Elements (PGEs), Copper (Cu) and Nickel (Ni)

It is anticipated that DY6 will list on the ASX during June 2023.

DY6 Metals

DY6 Metals is an emerging supplier of heavy rare earths in Southern Malawi - critical metals for the future

dy6metals.com

 

[Dona Ferentes]

Listing date	08 June 2023 ; 11:00 AM AEST ##
Company contact details	https://dy6metals.com/ Ph: 08 9486 4036
Principal Activities	Mining Exploration
Industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	DY6
Capital to be Raised	$7,000,000
Expected offer close date	10 May 2023
Underwriter	Not underwritten. Sanlam Private Wealth Pty Ltd (Lead Manager)

 

[Dona Ferentes]

and now it's a $6 million company.

was even higher during the day

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Next steps
Upon granting of the Tundulu licence, DY6 is planning fieldwork during the coming months consisting of a comprehensive litho-geochemical sampling program to extend known mineralisation. The aim will be to explore the western and southern regions of Nathace Hill where very limited sampling and drill-testing has been completed.

An XRF analyser will be used for semi-quantitative analysis of rare earth elements in outcrop samplesand the program will extend beyond the anomalous radiometric zones of Nathace hill to the east where strong signatures lie near Tundulu Hill.