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DMC stamp a critical footprint

5 October 2022 11:17
ASX: DMM

DMC Mining are poised to significantly expand its critical metal footprint with acquisition of a 112 kilometre exploration licence within Western Australia’s highly prospective Fraser Range.

The explorer believe it an opportune seizing of a project prospective for both nickel and cobalt with a range of deposit types, adding to an already substantial Fraser range package totaling 880 square kilometres.

Both metals are on the US critical minerals list, and after Australia secured preferred status of their supply to drive its automotive industry, discoveries within the lucky country’s borders are shaped as increasingly lucrative.

DMM Fraser Socials 1

Fraser Range location map.

The company said it would leverage its skills and experience in the region to power exploration.

“The Fraser Range is a world class critical metals province and this acquisition further cements DMC as one of the key explorers in the region,” executive chairman David Sumich said.

DMC have a heady pipeline of news on the way, with developments soon anticipated across a trio of projects as it progresses towards the expected granting of the new licence.

DMM Summary 1

Project summary.

DMM’s Australian Stock Exchange-listed share price was trading at 12c today (10.52 am UTC+ 8 hours).

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