Proactive investorsLogo Proactive Investors UK Website

Search field
Get Adobe Flash Player Download
Flash
Player ►

And
Enable
Javascript

Additional information
Additional Information
Market: ASX / AIM
Sector: General Mining
Epic: DML
News: Latest news
Web Site: Discovery Metals
Other Articles: 10-03-201009-03-201008-03-2010

RSS - Subscribe to the News Today on Proactive UK ▼

Friday March 12, 08:50Baobab Resources resumes drilling at Tete iron-vanadium-titanium project

Shares in the company were lifted by the news it started a 12,000 metres scout drilling campaign at its project in Mozambique, with constant updates expected in the next few months.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive NA ▼

Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

FULL ARTICLE ►
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
Thursday, July 02, 2009

Discovery Metals has sufficient water for Boseto Copper Project

company news image

Groundwater resources for Discovery Metals' (ASX/BSE: DML; AIM: DME) Boseto Copper Project have been defined.

Importantly, ground water resources will be more than sufficient to meet the processing and other operational needs of its 100% owned Boseto Copper Project. 

In fact, water availability significantly exceeds the requirements of currently planned operations with more than four times the project requirement available over a 15 year period.

Discovery Metals’ Managing Director, Brad Sampson said this is an important milestone for the Boseto Copper Project. A water resource has been identified with capacity to more than meet the project’s operational requirements, thus eliminating a key project risk. "We have now demonstrated that neither the life nor scale of the project is likely to be constrained by water supply.”

After an extensive program which included the drilling of eleven water exploration boreholes, the water resources planned for use at Boseto are contained within two of the five potential groundwater resource areas identified during the water exploration program.

These were undertaken as part of the Bankable Feasibility Study on the Boseto Copper Project. Borefields which will tap these resources and will be situated within 15 km of the proposed plant site.

Water quality is suitable for use in the Boseto process plant.  Identified water resources support consideration of mine life extension and/or expansion of production beyond the currently planned 10 year x 2Mtpa base case for Boseto.

AddThis Feed Button
Register here to be notified of Proactiveinvestors One2One Forums.

Other Discovery Metals articles


Other Discovery Metals news

More news ►

Investors interested in Discovery Metals recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.