DMM 0.00% 5.8¢ dmc mining limited.

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    ACQUISITION COSTS
    DMC has agreed to the following consideration to consultants in relation to the
    acquisition of the Mayoko Iron Ore Project.
    On completion on DMC’s agreed review period, DMC will pay AUD$500,000 plus issue
    3,333,333 DMC shares and 11,000,000 DMC $0.20 options expiring 30th June 2009.
    DMC will pay/issue further consideration as follows:
    Upon DMC attaining a market capitalisation of AUD$25,000,000 DMC will issue
    4,250,000 DMC Shares.
    Upon DMC attaining a Market Capitalisation of AUD$50,000,000 DMC will issue
    4,250,000 DMC shares.
    Upon DMC making an announcement to the ASX of the discovery of a
    400,000,000 tonne JORC inferred resource, DMC will issue 3,333,333 DMC
    shares.
    Upon execution of the Mining Convention DMC will issue 2,000,000 DMC
    Shares.
    The Mining Convention is understood to include the Mining Licence, Commercial
    Agreements with the Government and approved Environment Impact Assessment
    Studies.
    DMC Mining Limited 4
    Any shares issued under the agreement cannot be sold on-market for a period of 12
    months from the time of issue.
    CAPITAL RAISING AND ISSUE OF OPTIONS
    DMC intends to raise an additional $300,000 @ 20 cents, 1,500,000 shares by way of
    a share placement to sophisticated and professional investors for the purposes of
    completing the review process on the Mayoko project acquisition.
    It also intends to issue unlisted options to Directors Messrs. Sumich, Franzen, and
    Witham of 1,000,000 options each exercisable at 40 cents, on or before 30 June
    2010.
    The proposed capital raising and issue of options to Directors, together with
    consideration shares and options will be subject to DMC receiving shareholder
    approval.
    ABOUT DMC MINING LIMITED
    DMC listed on the Australian Securities Exchange (ASX) on July 18th 2007. There are
    26.45 million fully paid shares on issue (12.05 million quoted) trading under the ASX
    Code “DMM�.
    There are 13.225 million options exercisable at 20c trading under the ASX Code
    “DMMO�
    The Mayoko Iron Ore project will now become the priority project and focus for DMC
    DMC Mining Limited 5
    GEOLOGICAL (TECHNICAL) SUMMARY
    GEOLOGICAL SETTING
    The area lies over the Precambrian Congo Craton of West Africa. The area consists of
    meta-sedimentary rocks that have been metamorphosed up to granulite facies and
    are around 2,540 million years old.
    The rocks of interest consist of
    a) fresh ferruginous quartzites
    b) disaggregated altered ferruginous quartzites
    c) ferruginous crust (Chapeau de Fer)
    d) colluvium, consisting of materials accumulated at the base of the slope of the
    hills, made by the disaggregation of the ferruginous quartzites
    Enrichment of iron occurs within deeply weathered iron-rich metamorphic rocks, that
    have been termed “Chapeau de Fer� Or hats of iron.
    A Chapeau de fer is a surface area consisting of an exposed and oxidized metal
    deposit. In the field it looks more or less like a honeycomb consisting of yellowish to
    reddish brown colours. The hat is rich in iron oxides and hydroxides formed by
    weathering. The primary iron minerals are haematite and limonite.
    Much of the early geological information for the area was obtained from a UN
    sponsored program carried out in the Mayoko- Mount Lekoumou during 1974-75 by
    the GEOMIN staff from Bucharest Romania.
    PREVIOUS EXPLORATION WITH THE MAYOKO LICENSE
    Over 40 drill holes, assays and chemical analysis was carried out by I.C.E.S Geomin
    Bucharest (“ICES�) during 1974 and 1975. Further exploration work has been carried
    out by French company Bureau De Recherches Geologique et Minieres (“BRGM�)
    during the 1980’s.
    ICES GEOMIN BUCHAREST REPORT
    DMC has obtained the original complete report along with drilling logs, chemical
    assay reports and cross section maps.
    CONCLUSIONS OF THE ICES REPORT INCLUDE;
    • A potential tonnage of approximately 750MT - 800MT exists 1.
    • Much of the Fe tonnage is within close proximity (20-30km) to existing rail
    network.
    • Both hematite and magnetite tonnage exists.
    • Grades range from 35-45% for the magnetite and 50-60% for the hematite.
    • Based on chemical analysis of samples, much of the tonnage is suitable for
    industrial use.
 
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