DMC Mining Limited
Primary ticker: ASX:DMM
Stage of development: Exploration
Primary minerals: Uranium, Rare Earths, Nickel
Project location: Australia, Africa
Website: www.dmcmining.com.au
DMC Mining is proposing to acquire a high-grade rare earth and uranium project in West Africa (the Project), with the transaction subject to shareholder approval, capital raising and re-admission to the ASX.
The Project contains wide intersections of clay-hosted rare earths with grades that are significantly higher than other ASX-listed peers. The Project also contains a shallow JORC-2004 uranium mineral resource that is open along strike.
Cash: AUD$0.4M
Debt: Nil
Major shareholder:
Colin Locke – 7.23%
Cityscape Asset Pty Ltd – 6.96%
Celtic Capital Pty Ltd – 6.86%
William Witham and Katherine Witham Jensen – 6.06%
Celtic Capital <Income A/C> 5.76%
Management ownership -8%
Financials
Management Profile
David Sumich – Executive Chairman
Successfully operated mining and/or exploration projects across multiple countries, including Gabon, Mali, Republic of Congo, Burkina Faso, Guinea, Tanzania, Madagascar, Malawi, Mozambique, Argentina, and Australia. Extensive geographical reach highlights the ability to navigate diverse regulatory environments, adapt to local conditions, and capitalize on unique opportunities presented by each location.
Holding a Bachelor of Business degree and has been a Member of the Australian Institute of Company Directors for 15 years.
What is your rationale for taking part in 121 Mining Investment?
Increase Exposure & Awareness of the upcoming acquisition and associated capital raising
What recent news would you like to highlight to investors attending?
Details of the proposed transaction are expected to be provided to meeting attendees prior to the conference
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Complete strategic uranium and rare earths acquisition in Africa and re-list
6 Months:
Undertake initial exploration drilling on the acquired projects
12 Months:
Confirm and expand existing resource and move to study phase
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Completion of the transaction and re-listing process
What do you think makes your company such a compelling investment?
DMC has a very low EV and is acquiring a project with coincident uranium and rare earth mineralisation in an African country with a long and successful mining history. The company expects positive drilling newsflow from two ‘in demand’ commodities over the coming 6-12 months
What are the top 3 key investor takeaways?
1) Existing uranium mineral resource on transaction property that is open along strike and at depth.
2) Co-incident clay hosted rare earth mineralisation that has the potential to increase the economic potential of the project
3) Strong Board experience in working in Africa and delivering results