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DY6 - DY6 Metals

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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.

 
Listing date08 June 2023 ; 11:00 AM AEST ##
Company contact detailshttps://dy6metals.com/
Ph: 08 9486 4036
Principal ActivitiesMining Exploration
Industry groupTBA
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeDY6
Capital to be Raised$7,000,000
Expected offer close date10 May 2023
UnderwriterNot underwritten. Sanlam Private Wealth Pty Ltd (Lead Manager)
 
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.
 
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