DY6 has absolutely burst up the bourse today \u2013 a 300%+ gain on historical African REE drill hits
\nArmada Metals meanwhile is looking beyond Africa for critical metals \u2013 to the US for lithium
\nAustralasian Metals and Polymetals Resources also have needle-moving news today<\/p>\n
\u00a0<\/p>\n
Here are some of the biggest resources winners in early trade, Monday May 27.<\/em><\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n Minerals exploration minnow DY6 is bourse bursting today with heavy bags of gains to the tune of more than 300% at the time of writing.<\/p>\n \u201cExceptional\u201d high grade historical drill hits confirm the Tundulu rare earths project in Malawi as a significant asset, says the company.<\/p>\n As we reported earlier<\/a>, Malawi has been brewing as an attractive African mining jurisdiction since its government installed its Mines and Minerals Act in March last year, which incorporated incentives for foreign investment into the sector.<\/p>\n The country\u2019s president, Lazarus Chakwera, has bold plans to increase the mineral sector\u2019s long-term contribution to GDP from today\u2019s ~1% up to 20%.<\/p>\n Highlights from the 7,000m program in 2014 included 101m at 1.02% TREO and 3.6% phosphate, from surface, as well as 91m 1.09% TREO and 7.6% phosphate from 46m.<\/p>\n DY6 CEO, Mr Lloyd Kaiser said:<\/p>\n \u201cThese additional historical results further illustrate the potential for a significant carbonatite rare earth deposit with scope to expand the extent of mineralisation over the southern and western side of Nathace Hill and across Tundulu Hill, areas that remain largely unexplored.<\/p>\n \u201cWe look forward to commencing the preliminary geological model from all the historic drill data. This will improve our knowledge of the mineralised nature of Tundulu and assist in mapping the next phase of exploration activity.\u201d<\/p>\n Exceptional historical drill results from the Tundulu project confirm its potential to host a significant REE carbonatite system.<\/p>\n FULL ANNOUNCEMENT063ybkzd8q81bl.pdf (https:\/\/t.co\/duP5CnPbkN<\/a>)<\/p>\n $DY6 $DY6.ax #rareearths<\/a> #criticalminerals<\/a> #exploration<\/a> #Malawi<\/a> pic.twitter.com\/5vALpvBms1<\/a><\/p>\n \u2014 DY6 Metals Limited (@DY6Metals_Ltd) May 27, 2024<\/a><\/p>\n\n \u00a0<\/p>\n Read more on this > here<\/a> \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span><\/p>\n \u00a0<\/p>\n This African-focused nickel-copper explorer is adding geographical and asset-based scope to its portfolio, announcing it\u2019s acquiring Midwest Lithium, an explorer targeting hard rock deposits in the US.<\/p>\n Midwest, which was previously contemplating an ASX listing of its own, has ground in the spod-rich Black Hills of South Dakota.<\/p>\n READ:\u00a0\u2018Entire walls of just spodumene\u2019: Here\u2019s why lithium explorers fought tooth and nail for ground in the Black Hills of South Dakota<\/a><\/strong><\/p>\n On completion, Midwest shareholders will hold 50% of the enlarged post capital raising, issued share capital of Armada. The transaction is subject to various conditions, of course, \u201cincluding execution of long form agreements and the completion of satisfactory legal, financial, tax and technical due diligence by Armada\u201d.<\/p>\n What happens next? Capital raising, actually, with \u201cnot less than $5 million\u201d in mind.<\/p>\n A \u201ctransformative\u201d move for AMM? You know it. Actually, Rick Anthon, the company\u2019s non-executive chairman said as much, adding:<\/p>\n \u201cWhile we remain committed to our projects in Africa, we will be acquiring drill-ready lithium pegmatite projects in South Dakota, USA, where we will aim to generate rapid and successful exploration results.\u201d<\/p>\n Armada Metals is pleased to announce that it has entered into a View the announcement here: https:\/\/t.co\/Syx22Qb4rw<\/a>$AMM<\/a> #ASX<\/a> pic.twitter.com\/0N54qSFnNg<\/a><\/p>\n \u2014 Armada Metals Limited (@ArmadaMetals) May 26, 2024<\/a><\/p>\n \n\u00a0<\/p>\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n \u00a0<\/p>\n Australasian Metals Limited (formerly known as Australasian Gold) is a lithium, gold and precious metals exploration company focused on its projects in the Northern Territory and Queensland.<\/p>\n The company has announced this morning it\u2019s signed an\u00a0option to acquire a high pure quartz project in the NT.<\/p>\n That operation is known as the Dingo Hole high pure quartz project and A8G has entered an agreement with Verdant Minerals regarding it.<\/p>\n High Pure Quartz HPQ is a rapidly growing minerals sector, and that\u2019s largely due to the material\u2019s high industrial usage in the tech and electronics industry (yes, AI), including for semiconductors, solar panels, optical glass, optical fibres and more.<\/p>\n The Dingo Hole project is situated in the Georgina Basin, approximately 300km southeast of Tennant Creek and\u00a0 covers som 35.16km2. It was explored on a limited basis by Rum Jungle Resources, which was renamed Verdant Minerals, between 2012 and 2016.<\/p>\n A8G MD Dr Qingtao Zeng said:<\/p>\n \u201cThe High Pure Quartz market is highly sought-after in the world given the significant demands for AI-related semiconductor applications and photovoltaic solar silica growth.<\/p>\n \u201cThe Dingo Hole quartz samples have unique geological characteristics with extremely low impurities of Al, Ti and Li. We believe there are sufficient indications that the material in Dingo Hole has potential to produce high pure Silica (HPQ). We are excited to test and further define the potential of this project.\u201d<\/p>\n Source: AG8 \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span><\/p>\n \u00a0<\/p>\n Metals Acquisition (ASX:MAC)<\/a> and Polymetals have\u00a0formed a non-exclusive strategic alliance to extract greater value from both the Endeavor and CSA copper mines in the Cobar Basin of NSW.<\/p>\n MAC will also invest up to $5m @ $0.35\/share in POL.<\/p>\n Polymetals is surging on the news, by the way, up more than 20% at the time of writing, while Metals Acquisition\u2019s share price is also faring well, up a more modest 4% or so \u2013 but still significant considering the size of the company\u2019s market cap, which is in excess of $1.46b.<\/p>\n It\u2019s a very big deal for POL, this, and will see the joint operation treat high-grade zinc ore at Endeavor. POL will also provide MAC with excess water offtake to enhance CSA ore treatment capacity.<\/p>\n Polymetals exec chair Dave Sproule said:<\/p>\n \u201cPolymetals has operated in the Cobar Basin for many years and is confident the alliance with MAC will generate significant benefit for all stakeholders. Both companies are managed by long term solution focussed operators which will unlock value from existing synergies and identify other opportunities as the relationship grows.\u201d<\/p>\n Source: POL \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n At Stockhead we tell it like it is. While DY6 is a Stockhead advertiser at the time of writing, it did not sponsor this article.\u00a0<\/em><\/p>\n <\/span><\/p>\n The post Resources Top 4: History REE-peats in Malawi for a four-bagging DY6 Metals<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"DY6 Metals (ASX:DY6)<\/strong><\/a><\/h2>\n
\n\u00a0<\/p>\nDY6 share price<\/h2>\n\n
Armada Metals (ASX:AMM)<\/a><\/h2>\n
binding term sheet to acquire 100% of the issued capital of Midwest #Lithium<\/a> Limited. <\/p>\nAMM share price<\/h2>\n\n
Australasian Metals (ASX:A8G)<\/strong><\/a><\/h2>\n
\n\u00a0<\/p>\nA8G share price<\/h2>\n\n
Polymetals Resources (ASX:POL)<\/strong><\/a><\/h2>\n
\n\u00a0<\/p>\nPOL share price<\/h2>\n\n