Latest news with #DY6Metals
The Australian
a day ago
- Business
- The Australian
DY6 unlocks new Tundulu opportunities
DY6's preliminary testwork achieves high recoveries of >85% REE and >90% phosphate Work identifies opportunity to produce phosphoric acid-grade concentrate co-product Further testing to determine route to producing high-grade concentrates for processing Special Report: Preliminary metallurgical testing of ore from DY6 Metals' Tundulu rare earths and phosphate project in Malawi has identified the opportunity to produce a phosphoric acid grade flotation concentrate co-product. The testing of the 120kg composite sample grading 1.88% total rare earth oxides and 9.07% phosphorus pentoxide from a high-grade historical trench demonstrated excellent phosphorus solubility of over 40% – with one test returning 81% solubility – during bioavailability testing using 2% citric acid. This is well above the industry threshold of 9.4% P2O5 solubility using citric acid as the reagent in the acid leach process. The elevated phosphate grades of the deposit are also amenable to being upgraded into a flotation concentrate, providing DY6 Metals (ASX:DY6) with the potential opportunity of developing a fast and cheap direct fertiliser product from the near-surface high grade phosphate zones within the deposit. On the rare earths front, the company found the REE mineralogy in the sample closely resembles the mineralogy of Mkango Resources' nearby Songwe Hill project, which supports regional metallurgical familiarity. While flotation testwork carried out by DY6 to date has been limited, it believes that further testwork could deliver a concentrate grade suitable for treatment via a centralised hydrometallurgical plant. 'These preliminary metallurgical testwork results, while in no way exhaustive, are encouraging,' chief executive officer Cliff Fitzhenry said. 'The fine-grained nature of the dominant REE minerals (bastnaesite and synchysite) hosted within an apatite carbonate gangue has highlighted the need to undertake additional testwork to produce a high-grade concentrate suitable for processing within a hydrometallurgical plant. 'Additionally, the high phosphate grades lend a co-product phosphoric acid grade flotation concentrate opportunity. 'We are confident that, with carefully planned follow-up testwork we will be able to further unlock the significant co-product opportunity that exists at Tundulu.' More from DY6 Metals:DY6 on rutile rails for maiden Cameroon campaign Tundulu project The 91.5km2 Tundulu project in southern Malawi comprises several hills in a ring around a central vent called Nathace Hill, where the majority of historical surface sampling and drilling has been undertaken and identified heavy REE mineralisation. Exploration undertaken by Japanese International Cooperation Agency in 1988 drilling down to a depth of 50m included a hit of 41m at 3.7% TREO from 8m. A subsequent 55-hole drill program totalling 7000m targeting various elevations on the eastern slope of Nathace Hill in 2024 defined several mineralised zones with assays topping up at 101m at 1.02% TREO and 3.6% phosphate. The rare earth carbonatite shows the highest grades of REE whilst the other areas host mineral apatite and showed phosphate grades ranging from ~5-30% P2O5. Sampling carried out by the company found mineral rich carbonatite at the previously unexplored Tundulu Hill and Makhanga Hill to the east and west of Nathace respectively. Flotation testwork carried out on the concentrate collected by the company yielded promising results with >85% TREO and >90% P2O5 recoveries achieved. However, this did not produce a high-grade concentrate due to the mineralogy and fine-grained nature of the target minerals. That said, the reasonable high grades provide reassurance that flotation performance and concentrate grade can be improved with further work that will seek to confirm the most suitable reagents combination for the rejection of carbonate, iron and silica minerals. Consultants have recommended that DY6 carry out a detailed mineralogical analysis using quantitative modal techniques such as QEMSCAN and company will also look to expand the beneficiation testwork program. The focus with that would be on ore preparation prior to flotation and start sighter concentrate, refining testwork to identify opportunities and any limiting factors associated with the Tundulu mineralisation. 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.
Herald Sun
16-07-2025
- Business
- Herald Sun
Long Shortz: DY6 Metals
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Stockhead's Tylah Tully catches up with newly appointed DY6 Metals (ASX:DY6) CEO Cliff Fitzhenry after the company secured $4.625 million in a strongly supported capital raise. Existing holders, new sophisticated and institutional investors, and the DY6 directors alike are taking part at market price, looking forward to taking in funds that will drive aggressive exploration over Cameroonian projects as the company positions itself for a transformational period. This video was developed in collaboration with DY6 Metals, a Stockhead advertiser at the time of publishing. The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions. Originally published as Long Shortz with DY6 Metals: $4.6M raise fuels Cameroon rutile ramp up
Herald Sun
14-07-2025
- Business
- Herald Sun
Break it Down: DY6 Metals secures $4.6M to supercharge Cameroon drilling
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Stockhead's Break it Down brings you today's leading market news in under 90 seconds. In this episode, host Tylah Tully takes a look at DY6 Metals (ASX:DY6), which has appointed a new CEO and secured $4.625 million in funding to fast-track exploration at its Central Rutile and Douala Basin Projects in Cameroon. Tune in to hear all about it. While DY6 Metals is a Stockhead advertiser, it did not sponsor this content. Originally published as Break it Down: DY6 Metals secures $4.6M to supercharge Cameroon drilling Stockhead Imugene is tapping the market for up to $35 million, while Clever Culture Systems and Compumedics are soaring on positive news. Stockhead The S&P/ASX 200 is lower to start the week, dropping 14.40 points or 0.17% to 8565.70 points early doors.
News.com.au
14-07-2025
- Business
- News.com.au
Break it Down: DY6 Metals secures $4.6M to supercharge Cameroon drilling
DY6 Metals has appointed a new CEO and secured $4.625 million in funding to fast-track the Central Rutile and Douala Basin Projects
News.com.au
09-07-2025
- Business
- News.com.au
DY6 Metals carves itself a slice of Cameroon's growing rutile pie
DY6's new Central rutile project shows similarities to mineral sands darlings SVM and PUA's African projects The company has picked up natural rutile nuggets up to 5cm in size Assays from reconnaissance sampling underway DY6 Metals (ASX:DY6) is eyeing a slice of the rare rutile pie thanks to its new project, the Central rutile project in Cameroon. The project has in-situ mineralisation (shallow and easily mined ore) comparable to Sovereign Metals' (ASX:SVM) Kasiya project in Malawi, home to the world's largest rutile resource at 1.8Bt at 1% rutile. It's also contiguous to Peak Minerals' (ASX:PUA) Minta project which recently reported widespread and high value mineral assemblage of up 93% heavy minerals. That includes the dominant rutile (up to 69.8%), monazite (up to 35.6%) and zircon (up to 21.5%). Rutile is the primary source of titanium, which is used in the aerospace, automotive, medical and industrial sectors. A dearth of discoveries in recent years makes the company's new project even more strategically vital in the supply chain. Not to mention, the project sits in part of a region in Central Cameroon which is rapidly emerging as a globally significant rutile province. DY6's technical consultant Cliff Fitzhenry, who has extensive experience with Rio Tinto and Sovereign Metals in the rutile space says DY6 is in a unique position to leverage the project and get it into production as soon as possible. 'The type of mineralisation we are targeting at Central is residual, in situ natural rutile analogous to Sovereign Metals' tier-1 Kasiya project in Malawi,' he said. 'Our Central rutile project is contiguous to Peak Minerals' Minta project and we both are part of this emerging rutile province.' Geologically speaking, Central Cameroon has a number of similarities to the Lilongwe Plain of Central Malawi where the Kasiya deposit is found. Both regions have a high metamorphic grade bedrock, which is interpreted to be the source of the rutile, and both areas have a deep in situ weathering profile. 'We are confident that our Central rutile project has all the right indications to be highly prospective for in situ residual natural rutile deposits similar to Kasiya,' Fitzhenry said. 'There are very few of these types of deposits globally, so we are in a unique position to capitalise on an emerging supply gap for natural rutile by quickly moving this project forward and unlocking full value.' Maiden drilling later this year This week, the company added six new licence applications which make up the Weaver project to the east of the five permits that make up the original Central rutile project, lifting its landholding from 2124km2 to 4974km2. With the Douala Basin project included, where DY6 identified a host of heavy mineral occurrences in reconnaissance auger sampling, it boasts around 7500km2 in the exciting Cameroonian jurisdiction. Plus, late last month the company announced that it had identified visible natural rutile, including large residual nuggets at Central, a size even the seasoned Fitzhenry said he'd never seen before. 'These nuggets were up to 5cm in size and appear to be a weathering product from late-stage pegmatites,' Fitzhenry said. 'Following successful completion of an initial reconnaissance program at the Central Project, we will now be moving the project to the next stage where we look to kick off a systematic soil sampling campaign this week. 'This will help us to quickly cover the project package area and will help us delineate higher grade zones which will be the focus of our maiden drilling campaign later this year.' Meanwhile, DY6's reconnaissance program at the Douala Basin HMS project has wrapped up, with results expected in the coming weeks. 'We look forward to reporting our reconnaissance sampling assay results within the September quarter and to then move the projects forward toward maiden drilling campaigns later this year,' Fitzhenry said. By way of comparison, Sovereign is worth ~$450m and counts Rio Tinto as its largest shareholder at close to 20%. With Kasiya also regarded as one of the world's largest natural graphite deposits, that puts it on the radar for a future takeover at a significant premium to that valuation. Peak shares have lifted 430% in 2025 alone, taking its valuation to $134m on the back of results from Minta. DY6 is right next door at a market cap, even after a 475% YTD gain of 475%, of just $17m. That means DY6 is highly leveraged to a discover similar in nature to next door neighbour Peak's.
