DY6 gets busy in same neighbourhood as the world class Kangankunde rare earths deposit

DY6 Metals completes geochemical sampling and mapping at the Salambidwe rare earths (REE) and niobium (Nb) project in Malawi
The project is in a proven REE region near one of the biggest REE projects outside of China
Maiden drilling targeted for Q2 2024

Special Report: DY6 Metals has completed an extensive sampling and mapping program at the never-before-drilled and highly prospective Salambidwe rare earths project in southern Malawi.

Salambidwe – southwest of the company’s flagship Machinga project – sits within a highly attractive geological province.

Peers in the neighbourhood include Lindian Resources’ 261Mt at 2.19% TREO Kangankunde project – one of biggest and best rare earths deposits outside of China.

The early stage Salambidwe project boasts historic rock chips results grading up to 2.05% TREO.

It also contains potential for niobium, an element gaining popularity for its ability to cut charging times and fire risks in lithium-ion batteries.

Map of the location of the Salambidwe project. Pic via DY6

Refining targets for maiden drilling

DY6 has collected ~500 soil and rock chip samples over 50-line kilometres within the project with results expected in late January 2024.

Following completion of the geochemical program, DY6 Metals (ASX:DY6) has commenced an airborne geophysical program at Salambidwe, which will consist of 45-line kilometres of electromagnetic and radiometric surveying to map the magnetic and conductive properties of the geology at Salambidwe.

A map of the completed geochemical sampling program at Salambidwe. Pic via DY6

The data promises to be more detailed compared to the data obtained by the previous survey, the Geological Mapping and Mineral Assessment Project (GEMMAP), which had lapses due to the model and technicality of the survey.

The combined geochemical and geophysical data is aimed at refining targets prior to a maiden drill program in Q2 2024.

Malawi’s Minister of Mining, the Hon. Ms Monica Chang’anamuno (centre) at the launch of DY6’s airborne survey at Salambidwe on November 29

 

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.

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