General Discussion Banter DMI, page-15

Hi Bill
Hope you don't think I'm stalking you, but I followed my nose here to see what DMI is about.

I've been doing a bit of research on and off for the past few days, so thought I'd share it here. I'm sure most people here would already know the lithium story - so the below table is focusing solely on DMI/BSL and the current acquisition and location of Hombre Muerto.

I have taken a small position over the past week and am now just waiting to see what happens next.

NB: Hopefully this will be helpful for anyone checking out DMI for the first time. This is my own research, but have done my best to ensure accuracy of information... posting tables can be problematic, so apologies for any formatting issues.

	Column 1	Column 2	Column 3
0		Detail	Source Material
1	As of:	Monday, 21 May 2018
2	Company Overview	Dempsey Minerals Pty Ltd (DMI) is an Australian (Perth) based mineral exploration company established to generate shareholder wealth by identifying, acquiring and/or developing mineral projects.	DMI Website: http://dempseyminerals.com.au
3		Blue Sky Lithium (BSL) is a lithium exploration company established by Juan Pablo Vargas de la Vega (JP), a Chilean born Australian mineral industry professional. Blue Sky has rights to earn 100% interest in projects located in the Hombre Muerto Salar (adjacent to Galaxy Resources and FMC Lithium Corp).	DMI Website, Hombre Muerto Project: http://dempseyminerals.com.au/projects/hombre-muerto-project/
4		DMI’s key focus is the Feb 2018 option to acquire 100% of Blue Sky Lithium Pty Ltd interests in tenements located in Argentina’s Hombre Muerto Salar. DMI has the right to either purchase 100% of BSL or acquire rights to its Argentinian projects. Upon completion of acquisition, JP will join DMI as Managing Director.	ANN 06-02-2018: Dempsey Signs Option to Acquire Argentinian Lithium Projects https://www.asx.com.au/asxpdf/20180206/pdf/43rcbpprcfjbqv.pdf
5		Juan Pablo Vargas de la Vega is currently General Manager and will become Managing Director upon exercise of BSL option.
6		DMI Chairman, Nathan McMahon: “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. “
7	Project Summary	Hombre Muerto Salar is located in Argentina’s North West, and straddles the Salta and Catamarca provinces in Argentina’s lithium triangle.
8		Google Maps: Hombre Muerto location
9		(For a good map zooming in on the Salar’s location, see this webpage on FMC’s project location: https://mining-atlas.com/operation/Salar-del-Hombre-Muerto-Lithium-Mine.php )
10		Hombre Muerto Project, comprises two locations: Candelas (Catamarca province) and Catalina (straddles Salta and Catamarca provinces). The Candelas tenements are DMI’s main interest.	ANN 06-02-2018: DMI - Blue Sky Lithium (Hombre Muerto Project) https://www.asx.com.au/asxpdf/20180206/pdf/43rcd63q9jv4nh.pdf
11		Candelas:Approx. 15km x 3-4km (~55km2) of Los Patos Delta, located in the south east of Hombre Muerto Salar, adjacent to Galaxy’s Sal de Vida project. Shallow alluvial covered delta, accounts for ~79% of inflow to Hombre Muerto Salar (likely LI source from Cerro Galan Volcano). Sufficient in area for evaporation ponds, processing infrastructure and process water.	DMI Website, Hombre Muerto Project: http://dempseyminerals.com.au/projects/hombre-muerto-project/ ANN 17-04-2018: Highly Encouraging Due Diligence Highlights Potential of Argentinian Lithium Project (Refer DD section) https://www.asx.com.au/asxpdf/20180417/pdf/43t8qvkxr643fb.pdf
12		Catalina:Approx 2.4km2 of salar and partly shallowly alluvial covered salar in north west area of Hombre Muerto, adjacent to FMC and NRG Metals Inc projectsTenements straddle both Salta and Catamarca provinces, who both claim governance over this area (refer 2nd page of DD ANN of 17-04-2018).	NRG Website: https://www.nrgmetalsinc.com/projects/hombre-muerto-north-project/#prettyPhoto NRG purchase of Hombre Muerto from FMC: https://www.nrgmetalsinc.com/posts/agreement-to-aquire-teh-hombre-muerto-north-lithium-project-adjacent-to-lithium-production/
13	Option Summary	DMI may at it’s sole and absolute election determine whether to complete the acquisition by way of an asset sale agreement (ie acquiring BSL interest in the mining tenements) or by acquiring 100% of BSL issued capital.	Refer Pg 11 of Notice of Meeting, ANN 03-04-2018: https://www.asx.com.au/asxpdf/20180403/pdf/43sxjpd6km22r7.pdf
14		Initial option period is 105 days from date of Option Agreement (approx 22-05-2018), and may be extended a further 45 days (approx 06-07-2018)
15		Option Conditions must be completed within 105 days (or as agreed), including (but not limited to): - DMI exercise option - DMI complete $2m capital raising (Completed in 2 tranches; 14-02-2018 & 14-05-2018) - DMI satisfied with results of technical due diligence (on going) - Receipt of all necessary share holder approval (all resolutions passed at GM on 04-04-2018) and other approvals (not sure what other approvals are applicable)
16		Completion must take place within 5 days after all conditions have been fulfilled
17	Due Diligence	DMI has exclusive option period to conduct legal DD, with right to extend to assess the project for a further 2 months by issuing 3M shares and 3M options to BSL	ANN 17-04-2018: Highly Encouraging Due Diligence Highlights Potential of Argentinian Lithium Project (Refer DD section) https://www.asx.com.au/asxpdf/20180417/pdf/43t8qvkxr643fb.pdf
18	Recent ANN’s relating to Hombre Muerto	03-05-2018: Commencement of Geophysics on the Hombre Muerto Project, Argentina	https://www.asx.com.au/asxpdf/20180503/pdf/43tr81qm2fpqyv.pdf
19		17-04-2018: Highly Encouraging Due Diligence Highlights Potential of Argentinian Lithium Project	https://www.asx.com.au/asxpdf/20180417/pdf/43t8qvkxr643fb.pdf
20		03-04-2018: Notice of meeting and update on option to acquire Argentinian Lithium Project	https://www.asx.com.au/asxpdf/20180403/pdf/43sxjpd6km22r7.pdf
21		06-02-2018: DMI - Blue Sky Lithium (Hombre Muerto Project)	https://www.asx.com.au/asxpdf/20180206/pdf/43rcd63q9jv4nh.pdf
22	\	06-02-2018: Dempsey Signs Option to Acquire Argentinian Lithium Projects	https://www.asx.com.au/asxpdf/20180206/pdf/43rcbpprcfjbqv.pdf
23	Recent Reports	ANN 30-04-2018: Quarterly Cashflow Report	https://www.asx.com.au/asxpdf/20180430/pdf/43tmzwjsnymq1t.pdf
24		ANN 30-04-2018: Quarterly Activities Report	https://www.asx.com.au/asxpdf/20180430/pdf/43tn02187nzczf.pdf
25	Points of Interest	Non-Executive Director, Christopher Chalwell, purchased 100,000 shares on market on 15-05-2018	ANN 17-05-2018: Change of Director’s Interest Notice https://www.asx.com.au/asxpdf/20180517/pdf/43v3k0319ts813.pdf
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