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41.42
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Iron Ore
102.75
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DY6 Metals (ASX: $DY6) stakes highly prospective lithium ground

Exploration for lithium in Malawi


DY6 Metals Ltd (ASX: $DY6) has submitted four exclusive prospecting licence applications totaling 746.7km2 in northern Malawi for tenements highly prospective for lithium. The recent applications will expand the Company's overall strategic footprint in Malawi to a total of 1,080 km². The Company's geological team identified multiple pegmatite swarms during recent field visits, with rock chip samples from the Mzimba licence areas submitted for laboratory analysis in South Africa.

Executive commentary on the lithium license applications


We are very excited about these four strategic lithium license applications in northern Malawi. Field reconnaissance has identified several pegmatite systems, which are currently being worked by artisanal miners for a range of minerals, including the gemstones tourmaline and beryl, and lithium micas. While the Company waits for license granting, the focus of the exploration team will be on undertaking a detailed geological and geophysical review of these three new licence areas over the coming months.

Summary of the lithium exploration in Malawi


DY6 Metals Ltd has applied for exclusive prospecting licences in northern Malawi, targeting highly prospective lithium ground. The recent applications will expand the Company's strategic footprint in Malawi to a total of 1,080 km². The geological team identified multiple pegmatite swarms during recent field visits, with rock chip samples from the Mzimba licence areas submitted for laboratory analysis. The Company's CEO expressed excitement about the strategic lithium license applications and outlined plans for detailed geological and geophysical reviews in the new licence areas over the coming months. The Company notes the presence of pegmatites, but cautions that visual estimates of mineral abundance should not be considered a substitute for laboratory analysis. Investors should be aware that the observed presence of pegmatite does not necessarily equate to lithium mineralisation, and the concentration of mineralisation will be determined by chemical analysis.

Sourcehttps://announcements.asx.com.au/asxpdf/20231215/pdf/05ylsr0bmvk0fn.pdf

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