Exploration Progress at Salambidwe

DY6 Metals Ltd (ASX: DY6) (“DY6”, “the Company”) is pleased to provide this update to shareholders on its extensive geochemical and geophysical sampling program at the highly prospective Salambidwe REE and niobium (Nb) project in southern Malawi. A total of 514 soil and rock chip samples were collected over a 50km grid from outcrops across the licence area (Table 1) along with completion of an airborne geophysical program consisting of 45-line kilometres of electromagnetic plus radiometric surveying to map the magnetic and conductive properties of the geology of Salambidwe.

HIGHLIGHTS

• DY6 has completed the initial geochemical and geophysical exploration programs at the Salambidwe REE and Nb project.
• Assay results have been received for the grid-based soil and rock chip sampling. Results from the 128 soil and 386 rock chips expand the known area of anomalous responses.
• Maximum values from separate rock chip samples were 1.21% TREO & 0.12% Nb₂O₅
• The 45-line kilometre airborne geophysical program confirmed the highly concentric nature of the intrusive complex.
• DY6 is assessing the combined geochemical and geophysical data to refine targets prior to a maiden drill program.

Globe completed a sampling and ground radiometric survey over part of the central ring complex area of the intrusion outlining several zones of strongly anomalous TREO and Nb responses, numerous zones extended to the limits of the sampling. DY6’s sampling was specifically aimed at either extending or closing off these anomalous zones to the northern and western part of the licence.

The area of the historical sampling was not resampled, but several traverses were made across the outlined anomalous areas to ensure consistency and coherency of results (Figure 2). Absolute values obtained from the DY6 exploration appear to be slightly lower in tenor than the historical data; it is interpreted that this is due to the majority of the DY6 sampling being peripheral to the historical sampling and extending away from the central anomalous area.

DY6 detailed sampling expanded the anomalous areas on 100m x 100m spacing and the more regional and confirmatory sampling was at 100m intervals along lines 500m apart.

Figure 1: Geochemical sampling at Salambidwe prospect

Figure 2: DY6 Anomalous TREO Responses on RTP1VD aeromagnetic data at Salambidwe

The airborne data shown in Figure 2 shows the strong circular and concentric character of the intrusive syenite units at Salambidwe; note the area of anomalism seems to show a more subdued magnetic character, presumably due to alteration. Strong radiometric responses coincide with this area as shown below in Figure 3.

Figure 3 shows the extent of the historical TREO anomalism overlaid on the Total Count (TC) radiometrics image and the anomalous extensions generated by DY6’s exploration sampling.

Though a portion of the western anomalous zone is outside the current tenure; being too close to the Mozambique/Malawi border; this anomalous trend is now >2km long. The anomalous zone to the west of the western zone which does not overlay strong radiometric response requires further exploration. Both soils and rock chips return anomalous responses in this zone.

The eastern zone is approximately 1,700m long and nearly 1,000m wide near its northern limits.

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