re: Ann: Rare Earth Investment Acquisition Co... wow what upside potential we have here - Drilling of M12 Target (Mt Weld Style) to begin early in 2011.
Full ann;
RARE EARTH INVESTMENT ACQUISITION COMPLETE
DMN finalises strategic acquisition of Universal Rare Earths Pty Ltd
URE enters into JV with Oroya to farm-in to Mt Barrett, Moruya and Pambula projects
Drilling of M12 Target (Mt Weld Style) to begin early in 2011
DataMotion Asia Pacific Limited (the Company, ASX code: DMN) is now pleased to announce
that it has completed the acquisition of Oroya Mining Limiteds (Oroya, ASX code : ORO) wholly
owned subsidiary, Universal Rare Earths Pty Ltd (URE) by issuing 150,000,000 DMN fully paid
ordinary shares in satisfaction of UREs obligation to reimburse Oroyas previous expenditure and
a cash payment of $1000.
Mt Barrett
The main target at Mt Barrett is a discrete Bulls Eye intrusive and strongly magnetic M12
anomaly which will be drill tested as a possible Mt Weld- style target with potential for rare earth
elements. The Mt Barrett Project is located directly North-East of the Lynas Corporations Mt Weld
project.
We look forward to providing presentations on the new investment projects.
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