Map of Malawi being looked at through a magnifying glass.
Source: Shutterstock
The Market Online - At The Bell

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

Early reconnaissance for lithium – in areas where artisan workers had chiefly been seeking gemstones – has brought up rockchip grades higher than six percent for DY6 Metals (ASX:DY6) in Malawi.

The results were taken from eight samples in five different outcrop locations at the Mzimba South project, and included grades of 6.2 percent lithium in lepidolite.

DY6 has argued the results show potential for a major lithium discovery, particularly given the indication of LCT (lithium–caesium–tantalum) pegmatite-hosted mineralisation in the samples.

The company holds exclusive licenses over 710.5 square kilometres for the Mzimba project areas, and its exploration is the first targeting lithium in Malawi, although other low level mining work had been done there.

Artisanal workers had been excavating pegmatites for gemstones – including tourmaline, aquamarine and beryl – at the Mzimba South outcrop sites, with the exposed pegmatites revealed as being heavily kaolonised, with the lepidolite and quartz zones appearing less weathered.

DY6 CEO Lloyd Kaiser said these initial sampling results, plus the project’s significant licence area – largely untouched in terms of LCT pegmatites – provided strong indicators for the future.

“We are excited to have identified high grade lithium of over 6 percent received from Mzimba’s first pass reconnaissance visit,” he said.

“We believe this was the first real exploration for lithium in Malawi and given the extensive project areas and noted pegmatite workings by artisanal miners, we are just starting to scratch the surface here and looking forward to further sampling over the coming months and positive assay results from these programs.”

DY6 has progressed to rock chip sampling work – consisting of six samples from six outcrop locations – at Mzimba South and Central, with these being prepared for dispatch to SGS South Africa.

DY6 Metals is trading at 4c.

dy6 by the numbers
More From The Market Online

Listen: HotCopper Wire Podcast #047 – Maybe just send an email next time, Albo

In this week’s HotCopper Wire episode, Isaac McIntyre and Jonathon Davidson break down (poke holes in) Albo’s national address from 7PM Wednesday, talk
The Market Online Video

Introducing Prairie Lithium: Saskatchewan’s permitted lithium project ready to scale

We've spoken to Prairie Lithium founder Zach Maurer about the explorer's overall mission, right after Macquarie's…
The Market Online Video

US growth, injectable iron pipeline: How AFT Pharma is driving toward $300 million by FY27

AFT Pharmaceuticals (ASX:AFP) is in a red-hot position as we head straight into FY26’s fourth quarter in Australia, and
The Market Online graphic with ASX-branded charts and the text "HotCopper Highlights" centred in white.

HotCopper Highlights, Week 15: Santos, Karoon, Viva all riding the Iran-fuelled Energy rollercoaster

Hello, hello, and welcome to HotCopper Highlights for Week 15, CY26, I’m Isaac McIntyre.