Reconnaissance Sampling Program Commences at Ngala Hill PGE Project to Follow up Historical Targets

DY6 Metals Ltd (ASX: DY6, “DY6” or the “Company”), a strategic metals explorer targeting Heavy Rare Earths (HREE) and Niobium (Nb) in southern Malawi, is pleased to report it is preparing for commencement of a reconnaissance program at the Company’s highly prospective PGE project at Ngala Hill in southern Malawi. The Company has commenced community engagement with local community members at the project site with the purpose to facilitate awareness of the exploration program planned by DY6.

HIGHLIGHTS

• Targeted reconnaissance sampling program commences at DY6’s highly prospective PGE, Cu & Ni project at Ngalla Hill, Southern Malawi
• At Ngala Hill, 3 key target zones of palladium rich Pd+Pt+Au+Cu mineralisation have been identified from historical trenching and limited drill testing
• DY6 will undertake a rock chip and soil sampling program to follow up on known high grade areas as well as aiming to expand the zone of mineralisation
• No significant modern exploration including electromagnetics (EM) to target massive sulphides has been undertaken at Ngala Hill
• Trenching by Placer Dome in 2000 included results of:
  • 12m at 3g/t PGE+Au; and
  • 70m at 1.12g/t PGE+Au, including 8m at 3.3g/t PGE+Au
• The main mineralised zone has only had limited modern drilling

The Company’s CEO, Mr Lloyd Kaiser said: “Our team in Malawi has actively built strong relationships with local communities across our projects and this early engagement at Ngala Hill is setting the foundation between the Company and the community as we prepare to mobilise the geo team and embark on our first exploration campaign at Ngala.”

Figure 1: Location of the Ngala Hill PGE Project in southern Malawi

Background on the Project

The Ngala Hill ultramafic chonolith is an arcuate-shaped intrusion, with dimensions of approximately 2.4km by 0.7km and was intruded into the underlying Proterozoic Basement Complex gneisses. The Ngala Hill Project is characterised by an intrusive ultramafic suite of pyroxenites and hornblende- pyroxenites that intrude basement gneisses. The pyroxenite facies of the ultramafic complex is prospective for platinum group elements (PGEs), predominantly palladium, and associated copper.

Initial work at Ngala Hill in the late 1960s included geochemical sampling programs undertaken by the British and Malawian Geological Surveys. Phelps Dodge started an exploration program for PGEs on Ngala Hill in 1999 with approximately 600 m of trenching. Metapyroxenite and amphibolite with an PGE- gold-copper nickel association was intersected trenching and yielded 1.41g/t Pt+Pd+Au and 1,430 ppm Cu over a length of 64m.

In 2000, Placer Dome confirmed further anomalies with encouraging results received from several trenches including 12m at 3g/t PGE+Au and 70 m at 1.12g/t PGE+Au, including 8m at 3.3g/t PGE+Au.

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