DM1 (ASX) Ann: Significant Rare Earth Discovery Confirmed

Given there was almost 19million shares traded yesterday, there will definitely be quite a few new DM1 shareholders.

While assay results of the 11,000metres REE drill holes are pending in the coming days and weeks from Innouendy.

It is very important to remember that REE recovery percentages which have been over 70-80% at Innouendy, because the REEs are sitting amongst shallow mafic and ultramafic rock and not sitting in alkaline felsic rock like Lynas and others, means they have already been processed by Mother Nature.

eg The Innouendy REEs are sitting Clays that have a PH rating ~8-9 near neutral to weak alkaline, instead of 12-13 strong alkaline, as you would find in Carbonate and REE clay other deposits in other parts of the world.

pH Scale | U.S. Geological Survey (usgs.gov)

Why is this important? As the company has stated they were able to recover an astonishing 70-80+% of these REEs using weak Aqua Regia (weak acid + salt water). Meaning extremely low production costs. (Capex will be paid for by the Australian Federal Govt Critical Minerals Fund)

Excellent-Recoveries-Confirm-Rare-Earths-Easily-Leachable.pdf (desertmetals.com.au)

It's important to give an overview of DM1, because they are definitely not a one-trick pony. This magnificent 20km by 3km-5km wide (60sq kms to 100sq kms) (still open along strike and width BTW) - shallow high grade REE discovery at Innouendy, is just one target of 18-20 identified by the company.

DM1 has identified between 18-20 high quality EM targets in their tenements. See below. In mafic and ultra mafic / komatiites rocks (fresh rock for the geos out there) that run for more than 10kms and are near surface.

In addition to the High Grade shallow REEs at Innouendy, next is Dingo Pass.

30th August 2022 ASX update on Dingo Pass DHEM.

Drilling into the Nickel Copper PGE conductors with 12,000Siemens and Nickel Copper and PGEs in the soil samples above them should commence at any time. All of these conductors are sitting on the edge of the Yilgarn Craton, in mafic, ultramafic and komatiite rock AND in "The Dome" structure.

Why do soil sampling? Over millions or in our case on the Yilgarn Craton, billions of years metals hidden under later stage rock and soils slowly leach their minerals to the soils at surface.

When you find Nickel Copper PGEs light up like a Christmas tree in yellow orange and red, right on top of High EM Conductivity (conductors), and the rest of the region is blue, meaning no nickel copper PGEs in the soils away from the conductors.....then you really need to drill test them....this is what's happening in the coming days and weeks at Dingo Pass.

Soil geochemistry at Dingo Pass.

Nickel + Copper + PGEs (Platinum and Palladium) over the 12,000Siemens conductors....

Then there is Belele and the VMS target, with another VMS target to the south. So maybe that is why the company will complete a DHEM survey there too.

Copper-Mineralisation-Extended-Down-Dip-at-Belele.pdf (desertmetals.com.au)

Right now, the focus is on these magnificent REE deposit at Innoendy, while they drill out Dingo Pass, then later Belele and Breakaway with their peridotite....GLTA a lot of major announcements that would see the market cap begin to reflect the insitu value of these critical metals in DM1's tenements. eg new all time highs.

Enjoy the videos below about Critical Metals and REE demand and why these prices will continue to surge in the coming years from their already high levels.