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.
Substantial shareholder in Discovery Metals acquires additional shares
Discovery Metals (ASX: DML) - substantial shareholder, Taurus Funds Management has acquired an additional 11.1 million shares in DML at an average price of 18 cents per share.
Taurus now holds 25.4 million shares, a 13.1% interest in DML.
Other Discovery Metals articles
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05/01/10 Botswana copper-silver district holds major promise for Discovery Metals
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11/12/09 Westhouse places 63 cent target on Discovery Metals, sees plenty of upside at Boseto Copper Project
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23/10/09 Discovery Metals in AUD$13.1M capital raising to fund completion of Boseto Copper Project BFS
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19/10/09 Discovery Metals lifts mineral resource at Zeta prospect by 40 per cent
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08/10/09 Discovery Metals gains JOGMEC funding for Dikoloti nickel project
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06/10/09 Discovery Metals provides strong gains for long term investors
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18/09/09 Discovery Metals out-performs All Ordinaries Index
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10/08/09 Discovery Metals ticks another box at Boseto Copper Project
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21/05/09 Discovery Metals has more good news for shareholders at Boseto Copper Project
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27/04/09 Discovery Metals finds new 11 kilometre long copper anomaly at Boseto Copper
Other Discovery Metals news
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12/03/10 Discovery Metals latest drilling results bullish for Boseto Copper Project
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10/03/10 Discovery Metals H1 results show ongoing progress as it moves towards mine development
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09/03/10 Discovery Metals inks offtake for Boseto Copper Project and raises A$19m
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08/03/10 Libertas and Westhouse Securities bullish on Discovery Metals ahead of Boseto copper project BFS
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05/03/10 Versant Partners issues Discovery Metals ‘buy’ recommendation, targets A$0.85 per share
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02/03/10 Discovery Metals tipped by Shares magazine
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12/02/10 Fairfax values Discovery Metals at 44p, sees 'major upside' in Boseto copper project
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03/02/10 Blackswan Equities ups Discovery Metals valuation, maintains 90 pence target and 'buy' rating
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01/02/10 FD Capital reiterates 'buy' for Discovery Metals, maintains 72p target
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28/01/10 Discovery Metals submits Boseto copper project environmental assessment, BFS on track for March
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