Metallurgical testing confirmed easily leachable REEs, using...

Metallurgical testing confirmed easily leachable REEs, using cheap Aqua Regia (salt based weak acid), exceeding the lab machine's 80% max test levels.

The Quarterly Report discusses the 95 additional drill hole program, confirming the breadth of the initial 4km REE deposit and continued high grade and high recoveries (the most important factor with REE deposits) of the high-value REEs.Then they found the ionic clays extend over 20kms, with XRF machine confirming the REEs in the Clays, with this most recent drilling program.

"The initial batch of 11 samples that were analysed by Lithium borate fusion,ICP-MS finish were re-analysed by weak acid (Aqua Regia) digest to test the level of REE’s that can be easily leached.

As shown in Table 1, the REE’s at Innouendy are easily leached, with recoveries particularly good (>80%) for the high-grade zones of high value REE’s.

The Company views these results as a step change in the potential economic significance of the REE’s at Innouendy as development scenarios would likely be lower capex given the ease of extracting the minerals via simple leach."





We should begin to see these 40m-80m intercept results from the 13,000m drilling program shortly, as drilling started 2 months ago, and they would have been sending these drill cuttings to the labs in batches. Confirming that the mineralisation of REEs runs for 20kms.

That is the icing on the cake with DM1, hardly any shares on issue and very few free float.
There are very few DM1 shares on issue. That's why I keep stating this below.

WIth the Top 20 shareholders holding over 68% of all DM1 shares, we only need one of these multiple high quality targets to be confirmed as an economic deposit and the share price and market cap will rise strongly...

A new discovery of any of those critical metals above would see a significant and rapid increase in the market cap and share price of DM1, if these other explorers' share prices are anything to go by.

The advantage is that DM1 only has 63million shares on issue....Given the company only has 63million shares on issue, with 12 months of cash at hand, it won't take long for the market cap and share price to lift to these levels.

$126million market capitalisation = $2.00 share price
$252million market capitalisation = $4.00 share price
$378million market capitalisation = $6.00 share price
$504million market capitalisation = $8.00 share price

$630million market capitalisation = $10.00 share price