DY6 Metals uncovers more ‘outstanding’ REE and niobium intersections at Machinga
Special Report: DY6 Metals has made positive progress at the Machinga heavy rare earths (HREE) project with the return of 8 diamond drill hole results, improving the interpretation of the system and guiding the next phase of exploration.
DY6 Metals (ASX:DY6) has been on the move at its flagship Machinga project in Southern Malawi, chasing high value, heavy rare earth elements (REEs) such as dysprosium and terbium, as well as niobium and tantalum.
Only 40km from Lindian Resources’ (ASX:LIN) 261Mt Kangankunde project – one of the biggest rare earth projects outside of China – DY6 has had some success with the drill bit with recently returned hits such as 11m @ 0.74% TREO and 0.29% niobium from surface.
But the momentum is not slowing down just yet, with a 8-hole diamond drill program carried out to determine the structural setting and geology of the Machinga deposit, as well as obtain material for initial metallurgical studies.
Results from this program include:
DY6 says the results returned an average of 29% HREO:TREO and 3.6% DyTb:TREO at a cutoff grade of >0.25%TREO.
A strongly mineralised hydrothermal breccia system striking NW-SE and dipping shallowly ~35° to the NE has been confirmed by the recent drilling, along with the intersection of “very high-grade” zones, which DY6 says suggests the thickening at depth and open to the NE.
“The assay results are showing outstanding intersections across multiple drill holes, especially MMD007 returning 15.1m @ 1.01%TREO with substantial niobium grade, and a high proportion of valuable heavy rare earth elements from holes drilled for metallurgical material,” DY6 CEO Lloyd Kaiser says.
“These assay results and historic intersections will feed into our current geological model to guide our next exploration program design.
“The company now moves towards progressing a technical evaluation of the mineralisation to target a REO concentrate and niobium by-product”.
DY6 says the next stage of the exploration program is already underway with further rock chip sampling at Machinga in the hopes to delineate high priority targets for the Phase 2 drill program next year.
This article was developed in collaboration with DY6 Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.