Description
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.
Share Price
In-depth Discovery Metals Proactive Investors Articles
- 05/01/2010 Botswana copper-silver district holds major promise for Discovery Metals
- 11/12/2009 Westhouse places 63 cent target on Discovery Metals, sees plenty of upside at Boseto Copper Project
- 23/10/2009 Discovery Metals in AUD$13.1M capital raising to fund completion of Boseto Copper Project BFS
- 19/10/2009 Discovery Metals lifts mineral resource at Zeta prospect by 40 per cent
- 08/10/2009 Discovery Metals gains JOGMEC funding for Dikoloti nickel project
Recent Discovery Metals news
- 15/03/2010 Blackswan retains 'buy' stance on Discovery Metals after Boseto copper project exploration results
- 15/03/2010 Blackswan retains 'buy' stance on Discovery Metals after Boseto copper project exploration results
- 12/03/2010 Discovery Metals latest drilling results bullish for Boseto Copper Project
- 10/03/2010 Discovery Metals H1 results show ongoing progress as it moves towards mine development
- 09/03/2010 Discovery Metals inks offtake for Boseto Copper Project and raises A$19m
Related Media
Presentations & Company Media
Related Research & Media
No Documents available.
Company Statement:
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 Boseto Copper Project in August 2007 with the aim of completing the pre-feasibility study by June 2008.
The goal of Discovery Metals is to be southern Africa's most aggressive nickel and copper project developer.
Discovery Metals is listed on the following markets:
* Australian Stock Exchange (ASX: DML) - December 2003
* Botswana Stock Exchange (BSE: DML) - December 2006
* Alternative Investment Market (AIM: DME) - June 2007
Vision, mission, strategy
The goal of Discovery Metals is to create shareholder wealth through the discovery and development, of economic deposits of nickel and copper sulphide resources.
DML’s mission has been to acquire high quality nickel, copper and other base metals exploration and development projects within world-class mineral provinces, and to raise the necessary funds to successfully explore and develop those projects. The Directors believe that cost effective, innovative exploration over these projects will give DML the best possible opportunity to discover and develop commercial base metal proejcts.
The Company has a three level development strategy, aimed at enhancing the Company’s portfolio of projects:
- Maintain a portfolio of projects with the potential to discover truly world-class base metal deposits
- Drill test focussed targets within established world class provinces, with the ability to produce “quick hits” of mineralisation
- Enhance the Company’s project portfolio by acquiring advanced or brownfields base metal projects
Current Operations:
Discovery Metals is currently concentrating its activities on two projects, to consolidate its position as one of the leading base metal exploration companies active in Botswana – the Boseto Copper Project in NW Botswana and the Dikoloti Nickel Project in NE Botswana.
Discovery Metals is looking to grow its exploration and project development activities within southern Africa by utilising its Botswana staff and operational capability to lever into new base metal projects within the region. Botswana is an ideal base from which to run a network of projects within southern Africa.
FOR MORE INFORMATION AND TO VIEW VIDEOS ON DISCOVERY METAL'S CURRENT BOSETO COPPER PROJECT AND DIKOLOTI NICKEL PROJECT VISIT:
http://www.discoverymetals.com.au/ourprojects_videos.cfm
Management
BOARD OF DIRECTORS AND EXECUTIVES
Chairman - Gordon Galt
B.Eng (Hons), B Comm, Grad Dip Applied Finance, MAusIMM, MAICD
Managing Director - Brad Sampson
B.Eng (Hon), MBA, AMP Oxf, MAusIMM, MAICD
Non Executive Director - Morrice Cordiner LLB, ASIA
Non Executive Director - John Shaw
BSc (Geological Engineering), FAusImm, MCIM, FAICD, MAIME
Non Executive Director – Jeremy Read BSc (Hons), MAusIMM
Non Executive Director – Ribson Gabonowe
Chief Financial Officer – Paul Fulton B.Com (Accounting), CPA
Company Secretary - Roslynn Shand BA, LLB, FCIS
FOR DETAILED INFORMATION ON DISCOVERY METAL'S DIRECTORS AND EXECUTIVES VISIT:
Major Shareholders
Communication with Shareholders
The Board of Directors aims to ensure that the shareholders, on behalf of whom they act, are informed of all information necessary to assess the performance of the Directors and the Company. Information is communicated to shareholders and the market through:
* the Annual Report which is distributed to all shareholders;
* other periodic reports which are lodged with ASX and available for shareholder scrutiny;
* other announcements made in accordance with ASX Listing Rules;
* special purpose information memoranda issued to shareholders as appropriate;
* the Annual General Meeting and other meetings called to obtain approval for board action as appropriate; and
* the Company’s website.
Contact Information
Australian Office Enquiries
info@discoverymetals.com.au
Level 8, 410 Queen St, Brisbane QLD 4000
GPO Box 3261, Brisbane QLD 4001
Ph: +61 7 3218 0222
Fax: +61 7 3218 0233
African Office Enquiries
Discovery Metals (Botswana) Pty Ltd (CO.2005/3588)
Unit 7 / Plot 101, Gaborone International Commerce Park, Gaborone, Botswana
Post Net Kgali View, Private Bag 149, Suite 108
Ph: +267 318 0751
Fax: +267 318 0752
Corporate Information
No info available.
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