Image of rare earths
Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

DY6 Metals Ltd (ASX:DY6) has picked up rare earths (REEs) grading above 3% and phosphorus pentoxide (P2O5) grading beyond 27% through metallurgical sampling at its Tundulu REE and Niobium carbonatite project in Malawi.

During the program, 63 samples were collected from 37 locations, focused on a high-grade 83 metre historical trench at the project, with the highest grade showing 3.35% TREO (total rare earth oxides) and 27.5% P2O5.

Within this result, DY6 also discovered that the average heavy rare earth oxides (HREO) made up 13% of the TREO basket, and that the levels of deleterious elements such as mercury, lead and cadmium in the phosphorus-rich rocks were low and sometimes undetectable.

Heavy rare earth elements included 2.5% Dy (dysprosium) & Tb (terbium).

DY6 is undertaking the metallurgical testing to assess historical studies done at Tundulu, in addition to findings from a 2017 metallurgical report which was completed by previous operators of the licence.

This round of test work – conducted by Nagrom metallurgical and analytical laboratory in Perth – will seek to validate beneficiation results yielded by the previous laboratory.

DY6 is seeking to ascertain the early-stage viability of producing two product streams: a REE commercially saleable concentrate and a mixed phosphate concentrate containing rare earths.

According to the testing done by Nagrom, mot samples showed excellent phosphorus (P) solubility of over 40%, with one returning solubility of 81%.

DY6 shares rose on the news, and at 14:43 AEDT, they were trading at 6.5 cents – a rise of 3.17% since the market opened.

Join the discussion: See what HotCopper users are saying about DY6 and be part of the conversations that move the markets.

dy6 by the numbers
More From The Market Online

Temas Resources confirms significant gallium and scandium at La Blache

Temas Resources’ latest assays show the La Blache project in Quebec is a genuine multi-metal, multi-revenue…

GoldArc Resources begins major drilling campaigns at Leonora South

GoldArc is running RC and AC drilling programs in tandem at Leonora South in Western Australia…
The Market Online Video

The ASX Today: Relative calm didn’t last long as Brent back to US$100/bbl; March RBA hike priced in?

Greetings and welcome to HotCopper’s the ASX Today, I’m Jon Davidson and after an attack on a Thai cargo ship in the Strait of Hormuz

Magnum Mining and Exploration ramping up exploration at Parker project

Magnum Mining and Exploration is preparing for drilling at the Parker project in Arizona on the…