@ChillerThis is looking like it is going to be a very large Rare...

@Chiller

This is looking like it is going to be a very large Rare Earth deposit, with possible Nickel Cobalt and PGE credits.

1.Step out drilling along strike confirms clays run for 20km (not 4km as per previous ASX announcement) and still open along strike...
2. Average thickness of Clays are 41metres (previously 16metres)
3. Thickness of Clays increase to 80metres in certain areas between the 20km strike
4. 13 drill holes beneath the Nickel Cobalt and PGE targets also expected to be released shortly along with the REE drilling
5. Assays confirming this 20km strike should be pretty close to being completed. The first batches of the AC and RC drilling would have been sent to the labs 6-8, weeks ago, since you don't hold onto all your drilling on site when are sitting on drill cuttings of 13,000metres. It is sent in batches to the labs.

Once these lab results confirm 20km of strike of High Grade High Recovery and Shallow REEs at average thicknesses of 41metres, we should lift the market cap and share price considerably....IXR is sitting at $200m and their 24km REEs are half the grade and recovery of DM1's and in Africa, not low risk Western Australia.




The drilling program was also designed to test for extensions along strike and depth for Nickel Cobalt PGEs and Chromium, they have confirmed 10km of mafic and ultramafic rocks where these minerals lie. Assays Pending.









Given, Rare Earths, Nickel Cobalt & PGEs are Critical Minerals, funding for this low capex deposit, once proven, will ensure rapid, low-cost production paid for by the Australian Govt as per below.

Supporting critical minerals projects (exportfinance.gov.au)

The Australian Government’s Critical Minerals Facility

In 2021, the Australian Government established the $2 billion Critical Minerals Facility, which is managed by Export Finance Australia. Projects that are aligned with the Australian Government’s Critical Minerals Strategy, and are otherwise in Australia’s national interest, may be able to access finance through this facility.

There are very few 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, if these very valuable Rare Earths alone are confirmed to be a 20+km length, high grade, in an easy to extract deposit. Let alone Nickel Copper PGEs at Dingo Pass or Copper Silver Zinc at Belele.

$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