DMC Mining

Financials:

Primary ticker: ASX:DMM
Stage of development: Exploration
Primary minerals: Nickel
Project to promote: Ravensthorpe Nickel Project & Fraser Range Projects
Project location: Australia
Website: www.dmcmining.com.au

DMC holds has a combined experience of over 100 years in the mining and exploration industry, experience in delivering results for our investors and partners. Our modern approach to nickel exploration will result in a more streamlined and cost efficient process that will ultimately deliver higher returns for investors. Our Capital structure is attractive to new investors and highly leveraged to success. We have upcoming news flow with several imminent catalysts for the company (drilling & geophysics).

 

DMC has a highly credentialled Board and senior management team with a track record of delivering returns to shareholders.

 

Cash: AUD$4.1M
Debt: NIL

Management Profile

David Sumich – Executive Chairman

Mr. Sumich is a Mining Executive with over 25 years’ experience in the mining industry, including 10 years as CEO/Managing Director of ASX listed exploration companies (the former DMC Mining Ltd 2007 – 2010, Volta Mining Ltd 2010 – 2017) and also as Chairman of ASX listed Globe Metals and Mining Ltd. Mr Sumich has led multiple successful IPO’s and capital raisings, including Globe Metals and Mining which culminated in a final equity capital raising of A$50mill direct placement to East China Mineral Exploration & Development Bureau (ECE) for 50.1% equity, and also the former DMC Mining Limited, whereby he oversaw feasibility studies on the project and finally orchestrated the $A50mill on-market cash takeover of the company.

 

Recently, Mr Sumich was part of the Development and Production Team of Rio Tinto at the Marandoo Iron Ore expansion in the Pilbara, Western Australia. Mr Sumich has a Bachelor of Business degree and has been a Member of the Australian Institute of Company Directors for 15 years.