DMI - Dempsey Minerals - Aussie Stock Forums

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  1. #1

    Post DMI - Dempsey Minerals

    Dempsey Minerals Limited (DMI) is an Australian based mineral exploration company established to identify, acquire and/or develop mineral projects that possess the potential for exploration success. The Company has entered into Farm-in Agreements to earn-in to a 75% interest in the Cooljarloo Heavy Mineral Sands Project and up to a 75% interest in the Dandaragan Phosphate Project.

    The Dempsey tenement portfolio comprises two Exploration Licenses totalling 392 Km2 over ground considered prospective for both Heavy Mineral Sands (HMS) and Phosphate, within the Perth Basin. Located only a short drive from Perth, both projects are strategically located, readily accessible and have established civil infrastructure, providing advantages should a mineral discovery be made.

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  2. #2

    Default Re: DMI - Dempsey Minerals

    Bought some of these. They are currently suspended due to an acquisition of another asset I believe.

  3. #3
    Make the drill work for YOU springhill's Avatar
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    Default Re: DMI - Dempsey Minerals

    MC - $3m
    SP - 16c
    Shares - 30m
    Options - 100k
    Cash - $1.87

    Approvals have been sought for additional drilling to provide samples to assist in investigating the feasibility of processing the Dandaragan Phosphate / Potash resource. Independent Metallurgical Operations Pty Ltd (IMO) have been selected to provide a proposal for a Scoping and Development Study for Dempsey Minerals' Dandaragan Phosphate / Potash mine. IMO will undertake a Scoping and Development Study, including the scoping and management of metallurgical testwork, the development of a potentially economic flowsheet and performing feasibility and trade-off studies where required. IMO's initial review of the supplied data suggests that this deposit can best benefit from the Scoping Study focusing on beneficiation, upgrading and gangue rejection as the early stages of the processing to maximise project economics.
    The Dandaragan Project hosts numerous Phosphate occurrences occurring within Cretaceous sediments of the Dandaragan Trough. The origin and style of this mineralisation is unlike other major rock Phosphate projects in Australia, such as Phosphate Hill (Incitec Pivot) and Wonarah (Minemakers). Phosphate mineralisation at Dandaragan occurs as nodules and precipitates within sandy sedimentary host rocks similar to that observed in the giant Phosphate deposits of Florida, USA. Phosphate rock is one of the world’s most important sources of phosphorus which is an essential nutrient for plants and one of the key ingredients in the production of fertilisers for use in agriculture. Currently Australia’s resource base for Phosphorous is <1% of the world’s global resources.

    The Cooljarloo Heavy Minerals Sands (HMS) Project is situated in the Northern Perth Basin of WA and lies approximately 150km north of Perth within a very active minerals sands mining district hosting HMS mines. The project abuts Tiwest’s Cooljarloo mine and Image Resources Limited’s Cooljarloo heavy mineral sands discoveries.
    Land access is still being negotiated for a ground geophysical survey.

    The company will continue working on it’s existing projects and focus on it’s corporate objectives to implement a growth strategy and to seek out further exploration, acquisition and joint venture opportunities.
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