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1 year chart

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Epic & Msn data
Epic DME
Time: 07:50:10
Mid Price: 7.00
Change Today: 0.00
Change % Today: 0.00
Fifty Two Week High: 30.50
Fifty Two Week Low: 6.50
Market Capital: 10.51
Period & price data
Period Price
Now: 7.00
3 Months ago: 14.50
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: AIM
Sector: General Mining
News: Latest news
Web Site: Discovery Metals
Other Articles: 27-11-200806-10-200825-09-2008

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Discovery Metals

Discovery Metals combines an attractive portfolio of mineral assets in Africa and joint ventures in Australia. Its management team has a strong track record of success in finding and developing mineral resources. Currently Discovery Metals is concentrating on the assessment of the Boseto Copper Project in NW Botswana and the Dikoloti Nickel Project in NE Botswana. The Company moved into pre-feasibility mode for the Maun Copper Project in August 2007 with the aim of completing the pre-feasibility study by first quarter 2008.
Company information about: Discovery Metals
Monday, July 14, 2008

Discovery Metals extends Plutus by a kilometre

Discovery Metals (ASX/BSE: DML - AIM: DME) announced results from thirty three infill and resource extension holes drilled at the Plutus prospect. The infill drilling increases the Plutus prospect strike length by 1,000 metres to 8,500 metres. Mineralisation is still open and is within 900m of the Petra prospect.

The holes were drilled as part of the pre-feasibility study for the Zeta, Plutus and Petra prospects at the company's 100% owned copper project in Botswana and the prefeasibility study remains on course for completion this month.

Grade highlights included 12 metres at 2.47% copper (Cu) and 24.7 grams per tonne silver (g/t Ag), 4.6 metres at 2.52% Cu and 52.1 g/t Ag. 11 metres at 1.72% Cu and 20.5 grames g/t Ag, 6 metres at 2.2% Cu and 28.3 g/t Ag, and 6.7 metres @1.93% Cu and 43.5 g/t Ag.

Brad Sampson, MD of Discovery Metals, said:

"The recent drill results at Plutus indicate a significant extension of the prospect area. We have tested only approximately 3% of the prospective geological structures on our tenement package in north west Botswana and continue to record a high success rate of delineating mineralisation from our drilling.”

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This document is intended solely for the information of the particular person to whom it was provided by Proactive Investors Australia Pty Ltd and should not be relied upon by any other person. Although we believe that the advice and information which this document contains is accurate and reliable, Proactive Investors Australia Pty Ltd Limited has not independently verified information contained in this document which is derived from publicly available sources, directors and proposed directors and management. Proactive Investors Australia Pty Ltd assumes no responsibility for updating any advice, views, opinions, or recommendations contained in this document or for correcting any error or omission which may become apparent after the document has been issued. Proactive Investors Australia Pty Ltd Limited does not give any warranty as to the accuracy, reliability or completeness of advice or information which is contained in this document. Except insofar as liability under any statute cannot be excluded, Proactive Investors Australia Pty Ltd Limited and its directors, employees and consultants do not accept any liability (whether arising in contract, in tort or negligence or otherwise) for any error or omission in this document or for any resulting loss or damage (whether direct, indirect, consequential or otherwise) suffered by the recipient of this document or any other person.

This document has not been written for the specific needs of any particular person and it is not possible to take into account each investor’s individual circumstances and that investors should make their adviser aware of their particular needs before acting on any information or recommendation. Proactive Investors Australia Pty Ltd Limited, its employees, consultants and its associates within the meaning of Chapter 7 of the Corporations Law may receive commissions, underwriting and management fees, calculated at normal client rates, from transactions involving securities referred to in this document and may hold interests in the securities referred to in this document from time to time.

Disclosure of Interest

Proactive Investors Australia Pty Ltd and its associates may have owned shares in the above company as at the date of the report. This position is subject to change without notice.