No also. Minotaur holders, with Oz Minerals & also Sandfire have...

No also.

Minotaur holders, with Oz Minerals & also Sandfire have paid a lot of money in exploration and tenement lands and scoping over many many years— and Jericho is a good and readily mineable Copper resource, near surface good grades with extension and depth longterm.

DRM with excellent support from major shareholders are nearly to stage of releasing final JORC after many years of meticulous work, and have fair certainty of growing the copper reserves significantly now and through the next 18 months plus —-with ** ample funds in the bank ** of ~ $9-10 million + cashable Larvotto shares in the next year !

*AIC also know that they would be printing own shares effectively A1M for also a significant cash component, and very valuable next door continuation of copper same resources with long life . And cheaper than doing own drilling.
** ++ extensive valuable other land in NE Sth Australia where OZL are doing the drilling for DRM & compelling Charters Towers / Ravenswood area land but mostly very valuable Jericho and Chimera area holdings

Note - DRM shareholders ongoing from Minotaur Exploration and with OZL & SFR in JVs , have huge years of work.
Past owners of Eloise have drilled under the boundary into Jericho to know that the continuation for Eloise ore is there.
But it is shallow- excellent and amenable to open mining and Demetallica and shareholders can progress to a toll- treatment operation through nearby mills Cloncurry, Ernest Henry or also Eloise too I guess .

This has lead to this jump by A1M.
But Demetallica is far more than only Jericho, DRM can progress to mining, but Eloise probably have most imperative to gain it entirely.

DRM - is far more though too than Jericho with total Chimera district land holdings and existing reserves and resources ++ awaited SA drill results & ongoing work in other tenements.
And significant money in the bank and backing by the major shareholders- SFR & OZL including, who have recently each bought millions more value in shares at 25c and above , considered very good and cheap value there.

DRM holders, understand how valuable the holdings are and the clear path to monetisation as well as ongoing resources development.
This is a gutsy, low and opportunistic jump by A1M while initial new holders were being worked through from the recapitalisation & relisting relaunch after MEP takeover by Andromeda for the kaolin resources.
But Minotaur/ Demetallica and company management had not ever stopped working.
DRM is simply the continuation of years, several decades exploration and development for Minotaur now Demetallica.