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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

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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
Friday, August 22, 2008

Discovery Metals expands Plutus Copper Prospect

Discovery Metals (AIM: DME, ASX & BSE: DML) announced results from thirty nine, infill and resource extension, drill holes in the Plutus prospect at the company's 100% owned Boseto copper project in north west Botswana.

Highlights included, 6.9 metres at 2.7 % copper (Cu) and 20.6 grams per tonne (g/t) silver (Ag), 4.3 metres at 2.7 % Cu and 28.2 g/t Ag, 9.6 metres at1.9 % Cu and 22.5 g/t Ag - including 3.6 metres at 4.3 %Cu and 56.8 g/t Ag. Infill drilling was completed to 200 metre sections along strike. Two drill holes confirmed the continuity of  Plutus mineralisation to the south west of the existing mineral resource. High grade intercepts reported outside the existing Plutus planned pit shell. These results will be incorporated into a bankable feasibility study scheduled for completion mid 2009.

Brad Sampson, Discovery Metals' MD, commented:

"These latest drill results are very exciting as they demonstrate the continuity of mineralisation, and tenor of grade within the Plutus prospect. We have now completed drilling across the existing Plutus resource area at a drill hole section spacing averaging 200m and are now well positioned to complete a new, higher quality, resource model, with more closely spaced data covering a longer strike length than the previous 2007 resource model."

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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.