new exploration licences

Dynasty has applied for 3x Exploration Licences E47/2199; E47/2200; and E47/47/2201.

Hancock Prospecting had released the ground under compulsory surrender of blocks in accordance with Section 65 of the Mining Act. There are a total of 7 applicants for the E47/2199 app (Northwest tenement), and 5 apps each respectively for the Eastern tenements. So when all those marbles are drawn in the ballot process let's hope that DMA score at lease one of these. Two would be terrific and three,,,,well.... It appears the Ballot should take place very soon, I'll have to check the scheduled date for the next upcoming Mining Courts sessions in Karratha.

These applications are just North of Iron Ore holdings and sits on the Northern flank of the BHP Newman Rail. Not far away is Brockman's lease. They are in the midst of BHP, RIO and Hancock. Bring the ballot on then let's see what can be achieved given the likes of Hemisphere (HEM) when it skyrocketed on the announcement of a successful ballot in Yandi, approx 30km Southwest of these tenements!

Just recapping a particular paragraph of the announcement:

Chinese Steel Mills/Investors and infrastructure options:
Dynasty is in advanced negotiations with several highly respected Chinese parties regarding financing and development support for the Prairie Downs project. The Company continues to review its infrastructure options with existing infrastructure owners and the possibility of participating in new infrastructure projects in conjunction with owners of stranded iron ore deposits in the vicinity of its project in the Pilbara. These negotiations are progressing well.

Homework:
Can anyone tell me who Dynasty likely be in discussions with?


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