‘Continued widespread intersections’: DY6 drills into more high-grade magnet rare earths in Malawi

DY6 reports more high-grade heavy rare earths and niobium from drilling at its Machinga project in Malawi
Machinga is just 40km from one of the largest rare earths projects outside of China
Assays averaged 29% HREO: TREO and 3.6% DyTb:TREO at a cut-off grade of >0.25% TREO
Results from diamond drilling expected shortly, metallurgical work planned

DY6 Metals uncovers more high-grade heavy rare earths elements (REEs) and niobium from the remaining 13 holes of its RC drilling program at the Machinga Main Northern Zone, part of its flagship Machinga project in southern Malawi.

The project is just 40km from Lindian Resources’ 261Mt at 2.19% TREO Kangankunde project, described as one of the biggest and best rare earths projects outside of China.

Like Kangankunde, Machinga is enriched with high-value HREEs such as dysprosium and terbium (DyTb) – both of which are in growing demand for magnets in electric vehicles, wind turbine generators and hard disc devices.

The project also holds significant niobium and tantalum potential as well, with niobium gaining popularity for its ability to cut charging times and fire risks in lithium-ion batteries.

DY6 Metals (ASX:DY6) says the latest assays have returned an average of 29% Heavy Rare Earth Oxides (HREO): Total Rare Earth Oxides (TREO) and 3.6% DyTb:TREO at a cut-off grade of >0.25% TREO.

Widespread heavy rare earths and niobium

The results are from 1m and 3m composite intervals from the third batch of 13 holes (1,161m) and showed continued widespread HREE and Nb intersections including:

11m at 0.74% TREO, 0.29%Nb2O5 from surface (3.8% DyTb/TREO) including 2m at 1.36% TREO, 0.49% Nb2O5 from 6m (4% Dy/Tb/TREO);
5m at 0.56% TREO, 0.20% Nb2O5 from 103m (3.7% DyTb/TREO);
12m at 0.39% TREO, 0.10% Nb2O5 from 6m (3.5% DyTb/TREO);
6m at 0.55% TREO, 0.18% Nb2O5 from 43m (4.1% DyTb/TREO); and
4m at 0.58% TREO, 0.14% Nb2O5 from 16m (4.3% DyTb/TREO).

The two prior batches also delivered high-grade RC intercepts including 7m at 1.42% TREO with 0.49% Nb2O5 from 65m and 13m at 0.65% TREO with 0.25% Nb2O5 from surface.

Machinga’s project location in Southern Malawi. Source: DY6.

Why Malawi?

Stockhead’s Sarah Hughan sits down DY6 Metals CEO Lloyd Kaiser to get an update on Machinga and why the development team believe Malawi is the place to be.

Metallurgical program under development

The company has now engaged a consulting metallurgist to review the lithology, and selected RC sample pulps will be assayed for major and trace elements followed by x-ray diffraction (XRD) for mineral characterisation.

In addition, results for the first batch of Diamond Drilling (DD) assays (eight diamond holes drilled for 900m) are expected next month which will assist with the development of a metallurgical program.

DY6 is also planning an airborne electromagnetic survey at the Salambidwe project, 200km from Machinga next month to delineate a geochemical anomaly to be tested in future drilling.

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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