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Additional information
Additional Information
Market: ASX / AIM
Sector: General Mining
Epic: DML
News: Latest news
Web Site: Discovery Metals
Other Articles: 15-03-201012-03-201010-03-2010

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Tuesday March 16, 11:29Mercator Gold to sell exclusive Copper Flat option to Canada's THEMAC Resources

The deal will allow the group to retain a substantial interest in the promising Mexican copper-gold-molybdenum-silver project without the associated costs.

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Wednesday March 17, 03:46Access Pharmaceuticals’ Cobalamin oral platform could offer new way to administer insulin

This morning, Access Pharma reported that two independent animal studies confirmed earlier findings that Cobalamin offers significant bioavailability of orally delivered insulin

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Discovery Metals

Discovery Metals

Discovery Metals combines a portfolio of mineral assets in Africa and joint ventures in Australia. Discovery Metals is focused on developing the Boseto Copper Project (100% owned) in north west Botswana and to create shareholder wealth through discovery and development of economic mineral deposits. The Company’s major asset and current focus is its Boseto Copper Project (100%) in north west Botswana. The company also controls the Dikoloti Nickel Project (85%) in north east Botswana. There are two smaller Australian projects which are joint ventured with the JV partners potentially earning into 51 percent equity.

The Company commenced a pre-feasibility study on the Boseto Copper Project in north west Botswana in August 2007 and announced the outcomes of the study in July, 2008. A Bankable Feasibility Study is currently being undertaken and is planned for completion mid 2009, with first copper production currently targeted for early 2011.

CLICK HERE FOR FULL ANALYSIS OF DISCOVERY METALS
Friday, May 22, 2009

FD Capital retains ‘Buy’ for Discovery Metals after Boseto news

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Fox-Davies Capital issued a note on Discovery Metals Ltd (ASX/BSE: DML; AIM: DME), following the group’s report of assay results from the most recent 91 infill diamond drill holes at the Plutus prospect, part of its Boseto copper project in northwest Botswana, which confirmed the continuity of copper-silver mineralisation over a 12,000 metre strike length.

The broker retains its ‘Buy’ recommendation with an unchanged target price of £0.23 per share.

The results have shown many intersections above 2 percent copper, with some significantly higher than this, it said, adding that this is important as it will enable Discovery to plan a high grade starter pit.

Fox-Davies modelling has shown that the net present value of the project is extremely sensitive to a 2percent copper starter pit and how long it will last before copper grades drop towards the average grade for the resource.

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