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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

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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.

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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

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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 [...]

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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.

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Wednesday, August 20, 2008

Discovery Metals raises £3.1 million

Discovery Metals (AIM:DME, ASX: DML, BSE: DML) issued 15,934,412 shares at 19.5p (A$0.42) to raise £3.1 million. This issue of shares is the first tranche of a placement to raise £3.82 million (AUD$8.2 million) - before expenses - from institutional and sophisticated investors in Australia and Botswana, as previously announced.

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