DY6 Metals

Rock Chip Assays up to 6.2% Li2O from Initial Reconnaissance

DY6 Metals Ltd (ASX: DY6) (“DY6”, “the Company”) is pleased to provide this update to shareholders on its initial lithium focused ground reconnaissance program completed late last year at its Mzimba South (Figure 1) and Afro Gifts (Karonga South) licence (Figure 2).


  • DY6 has undertaken the first lithium focused exploration program reported in Malawi – initial reconnaissance indicates huge potential for a major Li discovery
  • Initial ground reconnaissance sampling at Mzimba South licence returned grades of 6.2% Li2O (lepidolite mica) and 0.3% Li2O (pegmatite rock assemblage), and also high in cesium and rubidium with significant potential for LCT pegmatite hosted mineralisation
  • The first pass program at Mzimba South consisted of 8 samples from 5 outcrop locations, where artisanal workers have been excavating pegmatites for gemstones (tourmaline, aquamarine and beryl)
  • The exposed pegmatites are heavily kaolonised, with the lepidolite and quartz zones appearing less weathered
  • A recent follow-up rock chip sampling program consisting of 6 samples from 6 outcrop locations has been undertaken at Mzimba South and Central, with samples being prepared for dispatch to SGS South Africa
  • The Mzimba licences cover a very large area (710.5km2) and remain significantly underexplored for LCT pegmatites
  • DY6 has recently submitted environmental and social management plans (ESMPs) for Mzimba, Karonga and Tundulu, with the licences expected to be granted in the coming weeks
  • Following grant, DY6 is preparing to undertake a more detailed mapping and sampling program across these new lithium projects

Figure 1. Location map of the Mzimba Lithium Projects (Central, West, and South)

Assay results were received from eight (8) samples from Mzimba and eleven (11) samples from Karonga project (Afro Gifts Licence Area) providing indications of locally fractionated pegmatite systems which have the potential to host lithium mineralisation. The Mzimba samples were collected from an artisanal mining area in the Southern licence targeting gemstones with the pegmatites identified by observing the presence of weathered quartz, large flakes of weathered biotite, muscovite and phlogopite micas and kaolinised feldspars (Figure 3).

Figure 2. Location map of Karonga Li Project, granted licence EPL0659, which adjoins the Company’s recent licence application (APL0526)

Figure 3. Core of the opened pegmatite showing Quartz crystals, books of Muscovite micas and K- feldspar with matrix of Albite feldspar

One rock chip sample composed predominantly of Mica with minor Quartz, and Feldspar returned exceptional Lithium grade (Li2O) of 6.2% and notably high in Cesium (Cs) and Rubidium (Rb), all excellent LCT mineralisation pathfinders. The samples were collected at the far NE region of the southern licence with the observance of outcropping along strike direction ranging NNE to WSW. (Figure 4). Furthermore, on a visual observation perspective, the topography and geology of the three Mzimba tenements are similar and as such the strike length of the pegmatites of the three tenements combined is significantly high.

The standout rock chip samples were:

  • 0.279% Li2O, 1,018ppm Cs and 3,802ppm Rb (01A)
  • 6.20% Li2O, 3,089ppm Cs and >10,000ppm Rb (01C)

The sample (01C) highlighted in (Figure 5a) has a low K:Rb (potassium to rubidium) ratio <7 indicating the prospectivity of Mzimba with numerous pegmatite zones identified to date. The analysis and anomalous Rb concentration along with mineral identification implies the presence of lepidolite mineralisation in the sample. A similar rock chip sample (MZB006) (Figure 5b) was collected from the same district in a recent field visit in February and appears composed of lithium hosted in Lepidolite mica. Pegmatites and potential lithium rich micas are evident across the Mzimba prospects with future exploration work to determine the extent of the lithium bearing pegmatites.

Our early-stage assays of 11 samples of pegmatite intrusions at Karonga South have delivered the geochemical information required to develop an understanding of the intrusive fractionation processes that have occurred in the district and identifying the location of fractionated rocks is the first important step to the discovery of pegmatitic LCT mineralisation. The initial sampling focused on a small area of the Afro Gifts licence and future exploration in the coming weeks will target a strike zone from South to North.

Click here for the full ASX Release

This article includes content from DY6 Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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DY6 Metals

Heavy Rare Earths & Niobium Explorer DY6 Metals Lists On ASX Following Successful $7M IPO

Heavy rare earths and niobium explorer DY6 Metals Limited (ASX: DY6) (“DY6”, “the Company”) is pleased to announce that its shares will begin trading on the Australian Securities Exchange at 9am Perth today.

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Rare Earth Metals: Heavy vs. Light (Updated 2024)

The 17 elements that make up the group of rare earth metals are diverse in their applications and market dynamics. They are often broken up into two categories according to their atomic weight: light and heavy. Only scandium falls outside this categorization system.

Overall, the different rare earth metals play a huge role in the development of various technologies. They are often used in electronics like laptops and smartphones, as well as spacecraft and missile weaponry. Growing demand for batteries and green technology is adding to their importance and versatility as well.

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Ucore's Louisiana Rare Earth Refinery is Strategically Aligned with the United States' Objectives on Western Supply Chain Resilience

Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to comment on the US Government's announcement to strengthen the developing American electric vehicle ("EV") market through increased tariffs on imports from the People's Republic of China ("PRC") to protect American workers and businesses. On May 14, 2024, the White House announced:

"With extensive subsidies and non-market practices leading to substantial risks of overcapacity, China's exports of EVs grew by 70% from 2022 to 2023-jeopardizing productive investments elsewhere. A 100% tariff rate on EVs will protect American manufacturers from China's unfair trade practices."

Simultaneously, the US Trade Representative issued a statement on Section 301 tariffs recommending a series of steps to eliminate the PRC's unfair trade practices, which include:

"… (4) continuing to assess approaches to support diversification of supply chains to enhance our own supply chain resilience."

and a new 25% tariff on permanent magnets[1].

Permanent magnets are the essential component inputs for EV motors that are currently 90% plus controlled by China. Therefore, these government EV policy developments strategically align with Ucore's heavy and light rare earth element ("REE") separation facility, which is advancing in Alexandria, Louisiana. At total nameplate capacity, the Louisiana Strategic Metals Complex ("SMC") is designed to simultaneously process up to six different sources of US-friendly feedstock from all corners of the Western world. This diverse supply chain, coupled with Ucore's focus on both heavy and light REEs, will help ensure Ucore's resiliency from any single geopolitical or natural instability as the nascent North American rare earth market takes root over the remainder of the decade.

Mike Schrider, P.E., Vice President and Chief Operating Officer of Ucore, stated: "As US tariffs are implemented to level the commercial playing field by the US, our strategic ability to supply and support OEM EV manufacturers by processing heavy and light feedstock from a multitude of different Western sources essential to permanent magnet manufacturing, gives us the flexibility to grow and prosper at our Louisiana SMC. We expect this to be of significant benefit as we increase production from 2,000 tonnes per annum to our planned total nameplate production of 7,500 tonnes per annum[2] over our first few years of production and subsequently expand our footprint across North America."

# # #


About Ucore Rare Metals Inc.

Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term establishment of a heavy and light rare-earth processing facility in the U.S. State of Louisiana, subsequent Strategic Metal Complexes in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA.

Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."

For further information, please visit www.ucore.com.

Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.

Regarding any disclosure in the press release above about the US Department of Defense or the Government of Canada Programs and the expected successful progress and resulting milestone payments from these Programs, the Company has assumed that the Programs (including each of their milestones) will be completed satisfactorily. For additional risks and uncertainties regarding the Company, the CDF, the Demo Plant and ongoing Programs (generally), see the risk disclosure in the Company's MD&A for Q3-2023 (filed on SEDAR on November 20, 2023) (www.sedarplus.ca) as well as the risks described below.

Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future Strategic Metals Complexes ("SMCs"). Ucore has also assumed that sufficient external funding will be found to complete the Demo Plant demonstration schedule and also later prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Element project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.

Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.


Mr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214.

For additional information, please contact:

Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.

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