Rare earths explorer DY6 Metals continues to turn up impressive hits from its Machinga rare earths project in Malawi time and time again. What’s next for the budding developer?
Stockhead’s Sarah Hughan sits down with DY6 Metals (ASX:DY6) CEO Lloyd Kaiser to get the short end of the long story on the company’s latest announcement.
Earlier this week, DY6 shared new intercepts from Machinga such as 11m at 0.74% TREO and 0.29% Nb2O5 from surface (3.8% DyTb/TREO), including 2m at 1.36% TREO and 0.49% Nb2O5 from 6m (4% Dy/Tb/TREO).
Excitement continues to brew around Machinga as it is roughly 40km away from Lindian Resources’ Kangankunde deposit – the largest rare earths deposit located outside of China with a 261Mt at 2.19% TREO resource.
“Malawi has good existing infrastructure and good power; a lot of people don’t realise that 90% of the power comes from hydroelectricity so it fits well with the decarbonisation strategy,” Kaiser told Stockhead TV.
Tune in to hear DY6 Metals’ Lloyd Kaiser on what comes next at Machinga and why Malawi is the place to be right now.
The post Long Shortz with DY6 Metals: Chugging along at Machinga appeared first on Stockhead.
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