STTCOMP DMI, FA Long SP 9.2 cents MC 4.1 million SOI only 42,650...

STTCOMP DMI, FA Long​

SP 9.2 cents
MC 4.1 million
SOI only 42,650 million ( after CR 92 million appox
cash approx. 300k ( but after current CR @ 8 cents will be around 1 million
lithium brine play in the lithium triangle ( Argentina)​

DMI offers a amazing buying opportunity to buy the cheapest lithium brine play currently on the ASX that is extremly tightly held, and one that is surrounded by billion dollar company's, such as GXY ( MC 1.2 billion) FMC lithium corp ( MC 15 billion) The Projects cover over 500 Ha directly over the salar and an additional 4,000+ ha over potential brine reservoirs immediately adjacent to Galaxy Resources’ project​

currently its still trading at shell value as the Market has completely missed there acquisition yesterday
imo due to the bloodbath on the asx.​

DMI will have the rights to acquire 100% interest in blue sky lithium they willTargeting fast tracking to production of Lithium Carbonate similar to Argosy Minerals Ltd (ASX:AGY) model
Dempsey Minerals (DMI) has the right to either purchase 100% of Blue Sky Lithium (BSL) or acquire its rights to its Argentinian projects
On average, HM has higher Li grades and lower impurities than AGY at Rincon. BLUE SKY LITHUIM (BSL’s) development plan is similar to AGY’s in that pilot plant production is targeted within 2 years
The HM eastern basin remains unexplored, with potential access to freshwater (needed for the production of lithium carbonate) and has a large footprint which could be used for evaporation ponds and a processing plant
The Company is exploring additional lithium exploration opportunities in-country to further expand it’s portfolio​

Hombre Muerto Projects
Candelas: shallow alluvial covered delta in the southeast of the HM salar
Catalina: shallow alluvial covered salar & salt flat targets ​

Candelas Tenements
Candelas
• ~12km of shallowly alluvial covered salar in the Los Patos delta, feeder zone for the basin • Extensive exploration potential, adjacent to Galaxy’s project • Very shallow targets, <150m • Sufficient area for evaporation ponds & processing infrastructure​

Catalina
• ~2.4km2 of salar & partly shallowly alluvial covered salar in the western part of the basin
• Extensive exploration potential – Adjacent FMC resource grade of 680 mg/l Li
• Deepest part of the basin lies in the Western margin ​

Commenting on the transaction, Dempsey Minerals Non-Executive Chairman, Mr Nathan McMahon said, “This transaction is a potential game changer for our business, providing Dempsey with a landholding in arguably the most productive lithium brine basin in Argentina at a time when the lithium market is experiencing unprecedented significant growth.​

“The Hombre Muerto projects have extensive exploration potential, located adjacent to Galaxy Resources Limited’s Sal de Vida project and FMC Lithium Corp’s Fenix operations. ​

Should we proceed with the transaction, our aim will be to fast track these projects to production. Initially, by achieving a maiden JORC resource within the first 18 months, underpinned by a low capital cost drilling​

Hombre Muerto Blue Sky​

Figure 2. Blue Sky’s Project within the Lithium triangle​

program. At the same time, we will be studying a number of technologies with which to incorporate into the pilot plant design.​

We will then seek to deliver a DFS to underpin industrial production of lithium carbonate within 36 months.​

The appointment of Chilean - Australian mineral industry professionals Juan Pablo Vargas de la Vega and Raymond Liu will add significant in-country experience to the Board. ​

I look forward to updating investors in terms of this transaction and further lithium opportunities as they arise in Argentina.”​

Imo DMI is extremely undervalued here is a comparison of lithium brine plays at different stages of development​

AGY MC 260 million​

ASN MC 80 million​

LKE MC 35 million​

RLC MC 18 million​

SEI MC 15 million​

DMI MC 4 million​

but given DMI close positioning to GXY and FMC I think its on a different level to all those above
and I personally feel should be trading at around at least a 15 million MC or appox 30 cents a share.​

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DISCLOUSER IM A SHORT TERM TRADER AND MAY SELL AT ANY TIME, MY RESEARCH IS ONLY A STEPPING STONE FOR YOUR OWN DD. I currently have a holding in DMI​