DY6 Metals - DY6 (ASX) News & Expert Insights from Stockhead

DY6 owns a package of highly prospective Rare Earths & Critical Metals Projects in Malawi, and has entered into a binding agreement to acquire large and highly prospective rutile and heavy mineral sands projects in Cameroon.

In Malawi, the Company has been focusing its exploration activities at the Machinga Heavy Rare Earths and Niobium project and the Tundulu REE and Phosphate project.

At Machinga, notable drill intercepts include: 15.1m @ 1.01% TREO, 0.36% Nb2 O5 from 23.9m (3.71% Dy/ Tb/TREO) incl. 4m @ 1.75% TREO, 0.63% Nb2 O5 from 33m. At Tundulu, significant intersections from historical drilling include: 97m @ 1.35% TREO, 14.4% P2O5 from surface. Recently, the company has reported high-grade gallium mineralisation in historical drilling, including: 74m at 93.26g/t Ga₂O₃, 1.56% TREO from 72m, including 14m at 202.79g/t Ga₂O₃from 89m (TU043), and the highest grade in all assays intersected within this interval at 310.46 g/t Ga₂O₃, 5.68% TREO from 97m to 98m.

In Cameroon, the Central Rutile Project is a prime land holding within an emerging, globally significant rutile province in Central Cameroon. The project borders, and is underlain by the same geology as, Peak Minerals’ (ASX:PUA) Minta Project, and is prospective for potential residual, saprolite-hosted rutile deposits analogous to Sovereign Metals’ Tier 1 Kasiya rutile deposit in Malawi.

KEY PEOPLE

Dan has over 16 years’ primary and secondary capital markets expertise.

As a director of Minerva, he has advised on, and been involved in, over a dozen IPOs, RTOs and capital raisings on the ASX, AIM and NSX.

He has a BA from Curtin University and is a Fellow member of the Governance Institute of Australia.

Mr Smith is currently non-executive chairman / director for several companies on AIM/ASX operating in the resources sector, with a focus on critical minerals, and has been heavily involved in project origination and evaluation spanning Australia, Africa, and North America.

John Kay holds a Bachelor of Laws from the University of Western Australia and is admitted to practice as a lawyer in Western Australia and England & Wales.

He is an experienced corporate lawyer and corporate adviser with over 16 years’ experience in equity capital markets, M&A and resources gained through both private practice and inhouse roles in Australia and the UK.

He currently operates a corporate advisory practice, Arcadia Corporate, which provides corporate advisory and company secretarial services to listed and unlisted companies in the small cap mining sector.

Mr Saindi holds a Master of Science degree in Economic Geology from the University of Witwatersrand and a Bachelor of Science honours degree in Geology from University of Johannesburg.

He has 17 years’ experience in the mineral resource sector spanning from exploration geology, through to development and production.

He is a fully certified Competent Person (CP) with the South African Council for Natural Scientific Professions (SACNASP) as a Professional Natural Scientist (Pr.Sci.Nat) in Geological Sciences, and he is also a Fellow of the Geological Society of South Africa (GSSA).

Mr. Fitzhenry is a technically strong, seasoned exploration geologist with a solid track record spanning over 20 years of critical minerals and precious metals exploration throughout Africa and the Middle East.

He was previously the Senior Geologist for Sovereign Metals Limited (ASX. SVM) where he led the in-country exploration activities delivering the maiden mineral resource estimate, and subsequent resource upgrades, of the Tier 1 Kasiya rutile-graphite project in Malawi.

Mr. Fitzhenry holds MSc and BSc Honours (cum laude) degrees from the University of KwaZulu Natal (South Africa) and is a Registered Professional Natural Scientist in South Africa.