DY6 Metals has raised A$4.625 million through a placement to accelerate exploration of its rutile projects in Cameroon, alongside appointing industry veteran Cliff Fitzhenry as CEO to lead the charge.
DY6 Metals has addressed an ASX price query by confirming confidential negotiations for acquiring additional mining licenses in Cameroon, explaining recent share price movements and ensuring compliance with continuous disclosure rules.
DY6 Metals has significantly expanded its Central Rutile Project in Cameroon by acquiring six new exploration licences, more than doubling its landholding and positioning itself in a globally emerging rutile province.
DY6 Metals has updated its discovery of high-grade gallium mineralisation at the Tundulu Rare Earth and Phosphate Project in Malawi, revealing significant drill intercepts and ongoing metallurgical testwork that could position the company in a critical minerals market dominated by China.
DY6 Metals has revealed significant high-grade gallium mineralisation at its Tundulu Rare Earth and Phosphate project, with assays showing grades up to 310.46 g/t Ga2O3 from surface and at depth. This discovery highlights the project’s potential amid rising gallium demand and supply constraints.
DY6 Metals reports encouraging metallurgical sampling results at its Tundulu rare earths project alongside strategic cost reductions and a successful loyalty options offer, positioning the company for focused exploration in Malawi.