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Market:	ASX / AIM
Sector:	General Mining
EPIC:	DML
Latest Price:	1.64 (0.92% )
52-week High:	1.66
52-week Low:	0.98
Market Cap:	722.37M

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Discovery Metals

Discovery Metals (ASX: DML) combines a portfolio of mineral assets in Africa and joint ventures in Australia. Discovery Metals is focused on developing the Boseto Copper Project 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 in north west Botswana. The company also controls the Dikoloti Nickel Project in north east Botswana. There are two smaller Australian projects which are joint ventured with the JV partners potentially earning into 51 percent equity.

Discovery Metals has sufficient water for Boseto Copper Project

Thursday, July 02, 2009

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.

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