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Highlights

  • DY6 shares rose 10.9% to AUD 0.255 on 10 July after extending reconnaissance activities at its Central Rutile Project.

  • The programme now includes a 24-hole hand auger drilling campaign to assess mineralisation continuity.

  • Central Rutile Project spans 4,974km² following recent acquisition of Weaver licences, positioning DY6 in a globally significant rutile province.

DY6 Metals Ltd (ASX:DY6) announced an expansion of its reconnaissance exploration at the Central Rutile Project in Cameroon, sending its share price up 10.9% to AUD 0.255 per share on Thursday morning.

The revised programme includes a 24-hole hand auger drilling initiative, aimed at testing the northern sections of the Nsimbo and Alamba licences, following promising results reported by neighbouring explorer Peak Minerals (ASX:PUA).

Targeting Mineralisation Continuity

DY6's latest move comes in response to recent high-grade drill intercepts reported by Peak Minerals on its adjacent Afanloum licence. These included:

  • 7m @ 5.1% HM from surface (MRAU0191)

  • 7m @ 4.5% HM from surface (MRAU0186)

  • 4.7m @ 5.2% HM from surface (MRAU0194)

  • 3m @ 7% HM from surface (MRAU0206)

Based on regional geological continuity, DY6 believes the mineralisation at Afanloum may extend into the Nsimbo and Alamba areas. Drill teams will be mobilised this week, with the objective of rapidly evaluating geological structures and the potential extension of heavy mineral zones.

Expanded Footprint and Strategic Location

The Central Rutile Project now spans 4,974km², up from 2,140km², following DY6’s acquisition of the Weaver licences (six licences covering 2,850km²). The project consists of 11 exploration licences across a region considered a rising global rutile province within Central Cameroon.

The project area is underlain by kyanite-bearing mica schist bedrock, believed to be the primary source of rutile. Weathering processes in the saprolite zone have created a favourable environment for in-situ rutile concentration, similar to that found in Sovereign Metals’ Tier 1 Kasiya deposit in Malawi.

In addition to in-situ deposits, DY6’s exploration model proposes that rutile and other heavy minerals have also been reworked into alluvial deposits by erosion and fluvial transport. Historical mining activity between 1935 and 1955 in the nearby Nanga-Eboko area produced over 15,000 tonnes of high-purity rutile.

Industry Context

The Central Rutile Project is strategically positioned alongside Peak Minerals' Minta Rutile Project, where recent results revealed valuable heavy mineral assemblages with VHM contents up to 93% of total heavy minerals. These include rutile (up to 69.8%), monazite (up to 35.6%), and zircon (up to 21.5%).