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Visit from Geo-Exploration & Mineral Development Bureau of Ning Xia, China
The Manager
Company Announcements Office
Australian Stock Exchange Ltd
4th
Sydney NSW 2000 Floor, 20 Bridge Street
Dear Sir
Dynasty Metals Australia Limited (Dynasty) advises that top-level representatives of Geo-Exploration & Mineral Development Bureau of Ning Xia (Ning Xia), a State owned Chinese exploration company, are conducting a series of negotiations in Perth this week regarding Dynastys uranium and base metal projects.
The Ning Xia delegation will be discussing the following projects with Dynasty:
The underexplored prospective grounds referred to as Stanley & Nabberu projects (WA). The delegation is particularly interested in the area occupied by four sedimentary basins and a small inlier of granitoids basement. These granitoids are Archaean to late Paleoproterozic intrusions and are possibly enriched in Uranium and Thorium.
Yanrey (WA), the major focus of this tenement is Paleochannel Uranium sourced from the Proterozoic of the Gascoyne province.
Hector Bore (WA), these tenements contain know Uranium mineralization as well as having several geological targets such as pegmatites and a barite occurrence.
Mt Phillips (WA), this project contains highly prospective areas with geological setting for Uranium.
Northern Territory, several green field tenements sit within the highly prospective Arunta Block and within 100km of Napperby Uranium deposit.
Dynasty Metals Australia Limited ASX: DMA
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Discussions are focused on Dynasty obtaining funding for these uranium and base metal exploration tenements and the possibilities of Dynasty divesting the assets to a separate listed company providing in-specie distribution of shares to the Dynasty