Wednesday 26 June 2024

DY6 Metals (ASX:DY6) identifies ‘significant REE potential’ at Tundulu

DY6 Metals (ASX:DY6) has reported the results of historical drilling that confirm the potential for the Tundulu Project to host significant rare earth elements (REEs) mineralisation.

  • Additional data includes 7,000m of drilling (55 holes) undertaken at the Tundulu Project, located in southern Malawi, Africa
  • Results confirm Tundulu’s potential as a significant REE project enriched in REE-mineralised carbonatites
  • REE mineralisation remains open towards southern and western directions of Nathace Hill and potentially extends beyond the boundaries of the previously established mineralised area over Tundulu Hill
  • Results of recent reconnaissance sampling program align with historical data with visual observation of multiple carbonatite outcrops across the Tundulu Project area
  • Mineralogy and metallurgical assessment of recent comprehensive reports are underway using experienced REE and phosphate processing consultants in Perth with the aim to commence beneficiation test work in Q3

DY6 CEO, Mr Lloyd Kaiser said:
“These 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. We 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.”

Free stock updates

Subscribe to receive the latest stock news, CEO interviews, expert insights, events and offers directly into your inbox