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1 year chart

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1 day 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: 13.50
6 Months ago: 23.00
1 Year ago: 26.50
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

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
Thursday, August 07, 2008

Discovery Metals extends strike of copper prospect to 18 kilometres

Discovery Metals substantially increased the chances of adding more tonnage to the Boseto Copper Project in Botswana after announcing that it had extended the prospective strike length of the Quirinus prospect to 18 kilometres today.

The Quirinus prospect was confirmed as a discovery last year after Discovery intersected copper-silver mineralisation in the first three holes drilled into the prospect. Since then, Discovery has been conducting extensive geochemical sampling and mapping over the area to better pinpoint the areas of most interest for follow up drilling.

The company has already defined 49.1 million tonnes of inferred and indicated resources from the Zeta, Plutus and Petra prospects grading 1.2% copper at an average cut-off grade of 0.6% copper.

Today Discovery said that three discrete anomalous copper zones had now been delineated at Quirinus over 13.4 kilometres, with one zone extending over 8 kilometres of the northern limb of Quirinus.

"Importantly, Discovery Metals has a successful 100% track record of conversion of copper soil geochemical anomalies into mineralisation defined in drill holes beneath these anomalies at the Boseto Copper Project." the company said.

"Discovery Metals has 1,300 kilometres of prospective strike length to explore within its 100%-owned tenement package. A diamond drilling program has commenced at Quirinus and we look forward to the initial assay results by the end of the quarter" added Discovery Metal's Managing Director, Brad Sampson.

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Disclaimer

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.