DMC spreads its wings with new Fraser Range exploration licence
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DMC has expanded its landholding in Western Australia’s Fraser Range province by acquiring a 112km exploration licence which is prospective for critical metals such as nickel and cobalt.
Notably, the new EL 28/3260 licence is located within the Fraser Zone, which also hosts world class deposits such as IGO’s Nova-Bollinger project.
It adds to DMC Mining’s (ASX:DMM) existing portfolio of 10 granted tenements totalling about 880km2 and allows the company to leverage its existing technical skills and expertise to advance exploration.
“The Fraser Range is a world class critical metals province and this acquisition further cements DMC as one of the key explorers in the region,” executive chairman David Sumich said.
“We look forward to progressing this project to granting and then leveraging our existing skills and experience to advance exploration.
DMC believes a number of exploration models may be applied to EL 28/3260.
These include magmatic nickel-cobalt-copper mineralisation as exemplified by Nova-Bollinger, orogenic gold mineralisation, intrusion-related gold mineralisation, and polymetallic sedimentary exhalative and volcanogenic massive sulphide mineralisation.
It notes that while magmatic nickel and cobalt sulphide orebodies frequently occur in clusters globally, just two discoveries and several mineral occurrences have been found in the Fraser Range to date.
This article was developed in collaboration with DMC Mining, a Stockhead advertiser at the time of publishing.