Latest news with #DY6
Herald Sun
15 hours ago
- Business
- Herald Sun
Long Shortz: DY6 Metals
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Stockhead's Tylah Tully catches up with newly appointed DY6 Metals (ASX:DY6) CEO Cliff Fitzhenry after the company secured $4.625 million in a strongly supported capital raise. Existing holders, new sophisticated and institutional investors, and the DY6 directors alike are taking part at market price, looking forward to taking in funds that will drive aggressive exploration over Cameroonian projects as the company positions itself for a transformational period. This video was developed in collaboration with DY6 Metals, a Stockhead advertiser at the time of publishing. The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions. Originally published as Long Shortz with DY6 Metals: $4.6M raise fuels Cameroon rutile ramp up
Herald Sun
14-05-2025
- Business
- Herald Sun
StockTake: DY6 ready for Cameroon rutile run
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. DY6 Metals (ASX:DY6) has exploration imminent over a pair of recently acquired rutile and mineral sands projects in Cameroon. With high priority areas already identified at the Central Rutile project and plans for an auger drilling program at Douala Basin, DY6 is poised to make the most of a jam-packed campaign. Watch the video to hear the details. This video was developed in collaboration with DY6, a Stockhead advertiser at the time of publishing. This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as StockTake: DY6 ready for Cameroon rutile run Stockhead Compumedics Neuroscan Orion LifeSpan magnetoencephalography (MEG) system records brain activity in children and adults in world-first for the cutting-edge tech. Stockhead Barry chats to DY6 Metals about two large and freshly acquired rutile-heavy mineral sands projects in a fast-emerging province.
News.com.au
05-05-2025
- Business
- News.com.au
Who made the gains in April? The big movers were (checks notes) yep, gold stocks again
Top resources stocks for April included gold, copper, rare earths … and ... lithium explorers DY6 takes top spot for biggest monthly stock gain Jindalee Lithium nabs honourable mention Despite hitting a bit of a speedbump last month, gold still shone as the commodity to be in during April. The precious metal briefly touched the sun at a record US$3500 an ounce before dropping back to under US$3300/oz post-month's end. But there's still room to soar, JPMorgan reckons gold could blast past US$4000/oz by mid-2026. It's pinning those hopes on rising recession risks, worsening US-China trade tensions and a global economy that's starting to wobble under the weight of tariffs. Goldman Sachs is also in the gold bull camp. The bank reckons US$3700 by year-end, and US$4000 by mid 2026. Even with gold front and centre it was a critical minerals hopeful that took the cake in April. The biggest stock gainer among ASX resources companies was DY6 Metals (ASX:DY6), which rocketed 371% higher in April after a review of historical drill results identified high-grade gallium at the Tundulu project in Malawi. The company struck broad intersections of up to 74m at 93.26 g/t gallium, as well as 1.56% total rare earth oxides, with grades peaking at 310.46 g/t gallium and 5.68% TREO over about a metre. Gallium hits have been exciting investors since China announced export controls of the semiconductor metal. In fact it's the second straight win for the niche critical mineral, normally extracted as a by-product of alumina refining, with RareX (ASX:REE) taking the crown in March. DY6 Metals also announced in April it was acquiring two highly prospective rutile and heavy mineral sands projects in Cameroon. The top 50 ASX resources stocks for the month of April>>> Security Description Last %Mth MktCap DY6 DY6 Metals 0.165 371% $8,317,787 JLL Jindalee Lithium Ltd 0.565 176% $30,172,658 NMR Native Mineral Res 0.185 113% $159,001,115 DTR Dateline Resources 0.01 100% $24,890,118 RDS Redstone Resources 0.006 100% $5,552,271 TKL Traka Resources 0.002 100% $4,251,580 SRL Sunrise 0.525 94% $53,234,224 ADN Andromeda Metals Ltd 0.014 75% $48,002,188 ASM Ausstrat Materials 0.635 74% $120,591,554 NTU Northern Min Ltd 0.034 70% $284,143,298 KNB Koonenberry Gold 0.076 69% $63,043,928 BNR Bulletin Resources 0.07 67% $19,965,706 ERL Empire Resources 0.005 67% $5,935,653 GUL Gullewa Limited 0.077 60% $16,351,663 FLG Flagship Minerals 0.07 59% $14,862,378 KCC Kincora Copper 0.036 57% $9,397,719 GHM Golden Horse Mineral 0.41 52% $45,661,457 MOM Moab Minerals Ltd 0.0015 50% $1,733,666 PSL Paterson Resources 0.012 50% $5,016,417 STM Sunstone Metals Ltd 0.012 50% $77,580,797 MEI Meteoric Resources 0.105 50% $245,370,592 RNU Renascor Res Ltd 0.07 49% $190,733,664 R8R Regener8 Resources NL 0.12 48% $3,900,300 SVG Savannah Goldfields 0.025 47% $18,263,918 WMG Western Mines 0.145 45% $12,649,468 FRS Forrestania Rsources 0.039 44% $10,235,724 MTM MTM Critical Metals 0.23 44% $110,082,702 MKR Manuka Resources. 0.037 42% $27,566,101 BGD Barton Gold Holdings 0.014 40% $37,423,647 NWM Norwest Minerals 0.007 40% $13,881,525 TM1 Terra Metals Limited 0.285 39% $111,828,585 EL8 Elevate Uranium Ltd 0.093 39% $22,572,185 OZM Ozaurum Resources 0.054 38% $73,704,255 EUR European Lithium Ltd 0.125 37% $5,779,343 PAT Patriot Lithium 0.075 36% $174,324,130 TMG Trigg Minerals Ltd 0.083 36% $135,019,174 CEL Challenger Gold Ltd 1.7 36% $60,748,503 GML Gateway Mining 0.155 35% $33,955,091 RVT Richmond Vanadium 0.086 34% $81,334,971 WA8 Warriedar Resources 0.13 34% $15,913,506 DKM Duketon Mining 0.067 34% $24,985,847 ACS Accent Resources NL 0.004 33% $3,169,590 QXR Qx Resources Limited 0.004 33% $1,505,619 AQC Auspaccoal Ltd 0.041 32% $4,734,886 OMX Orange Minerals 0.25 32% $16,485,032 CVR Cavalier Resources 0.025 32% $6,472,750 DAL Dalaroo Metals 1.42 31% $280,554,834 INF Infinity Lithium 0.175 30% $8,594,194 AHK Ark Mines Limited 0.035 30% $25,032,161 SUH Southern Hem Min 0.011 29% $16,082,889 The largest share of companies in the Top 50 came from the gold sector, with over 40% of the stocks on the list making the yellow metal their primary focus, including bolters like Dateline Resources (ASX:DTR) and Native Mineral Resources (ASX:NMR). But a number of other stocks had interesting stories to tell in April, including even a US lithium player. Small cap standouts Jindalee Lithium (ASX:JLL) The company was bolstered last month by the initiatives of the US government to boost domestic production of critical minerals. Progress is being made at the 100%-owned McDermitt lithium project straddling the Oregon and Nevada border in the US as outlined in a recent quarterly report. Plus, subsequent to the end of the quarter, McDermitt was named as one of 10 mining projects across the US to be granted FAST-41 'Transparency Project' status. FAST-41 is a legislatively established process for improving federal agency coordination and timeliness of environmental reviews for infrastructure projects, as established by Title 41 of the Fixing America's Surface Transportation Act. The permitting progress of the initial 10 can be publicly tracked, part of what the Trump administration calls a push for greater transparency and faster permitting. 'Being named among the first 10 FAST-41 Transparency Projects validates McDermitt's strategic importance to US mineral security' Jindalee's CEO Ian Rodger said at the time. 'Inclusion on the Federal Permitting Dashboard highlights our project's national significance, offering greater transparency and federal support to advance our Exploration Plan of Operations (EPO), currently in the final stages of National Environmental Policy Act (NEPA) review with an Environmental Assessment recently published for public comment.' TKL is the latest company to test the waters in the Siguiri Basin in Guinea (home to numerous multi-million ounce gold deposits) signing an earn-in agreement with Guinea-based Alamako corp for the Didi gold project. The project is between two major gold assets owned by AngloGold Ashanti and just 12km east of its 8.5Moz Siguiri mine. The Didi permit hosts high-grade gold mineralisation supported by drilling, extensive high-grade surface geochemical anomalies and widespread artisanal activity with compelling evidence for a significant gold system. Alamako intersected high-grade gold across the project, including 1m at 6.5 g/t gold from 79m; 19m at 2.7 g/t from 31m, including 1m at 17.1 g/t from 31m; and 3m at 2.7 g/t from 15m. 'With established mineralisation and multiple walk-up drill targets already identified, the Didi gold project offers a strong platform for near-term exploration success and future resource growth,' Traka CEO Steve Lynn said. The stock backed by mining billionaire Robert Friedland, jumped 100% in April after receiving high-grade scandium assays from its Syerston project in central NSW. Assays of drill pulps from 1997 that were not previously assayed for scandium returned up to 6m at 553ppm Sc from 4m, including 2m at 760ppm from 8m, and 12m at 458ppm from 12m. SRL is now planning a new drill campaign to expand the high-grade zones and also announced a $7.5 million capital raise.
West Australian
02-05-2025
- Business
- West Australian
ASX Runners of the Week: DY6 Metals, Dateline, Andromeda & Jindalee
As school holidays ended, so it seems did many of the market's fears and the ASX ripped for a third week running. Market data confirmed Australia's slowdown in inflation, which combined with US tech giant earnings and AI investment roaring back to life, resulted in a steady flow of green for traders. There hasn't been a red day on the market for nine straight trading days. Aussie tech stocks ripped on the week, as the mining and energy sectors both pulled back to the pack. Lower inflationary figures are helping to push calls for the Reserve Bank to announce further rate cuts at its May meeting and Australia's economic figures show expansion despite higher cost of living pressures and higher interest rates. Resources again seem to be the saving grace, thanks to jacked-up LNG prices and Chinese demand for minerals triggered in part by a stream of economic stimulus from President Xi's CCP. The United States and the Ukraine finally inked their critical minerals agreement this week. The deal grants the US a portion of profits and royalties from any future sales of Ukrainian minerals and rare earths – the latter would seem to be limited. Trump may have overstated Ukraine's rare earths-rich landscape, which is in fact why one Bulls N' Bears Runner made a late charge for the podium spot. On song, critical minerals companies dominated this week's Runners of the Week list. As the ASX was humming, so was the Runners podium, with all three of the companies three bagging between Monday and Friday. Taking out top spot is an African critical minerals minnow, that does have quite a bit of rare earth elements and the critical mineral gallium. DY6 METALS LTD (ASX: DY6) up 340% (4.2c – 18.5c) This week's Bulls N' Bears ASX Runner of the Week is rare earth elements (REE) and heavy minerals exploration company DY6 Metals. The company shot out of a cannon on Tuesday after it revealed that historical assays at its Tundulu REE project in Malawi features significant high-grade mineralisation of the critical mineral gallium. A review of past drill results confirmed high-grade intercepts, including a 74-metre hit grading 93.3 grams per tonne (g/t) gallium oxide with 1.56 per cent total rare earth oxides (TREO) from 72m depth and 53m running 72.8g/t gallium with 1.02 per cent TREO. Gallium was recently put on China's hit list for critical mineral export controls, as the metal's demand and price has steadily increased in recent years for its uses in semiconductors. China controls about 94 per cent of global gallium supply, leaving the rest of the world frantically searching for the metal, which has interestingly popped up in DY6's carbonotite hosted rare earth project. The company noted its gallium mineralisation was open at depth, with elevated results occurring within the saprolite clays near surface and again within fresh rock at depth. It has not assayed for deeper potential. DY6's shares promptly quadrupled on Tuesday morning peaking at 18.5 cents for a gain of 340 per cent from last week's close of 4.2c. The company was quickly placed into a speeding halt by the good boys and girls down at the ASX, who insisted the company needed to supply more evidence and documentation. Some $1.1 million worth of stock was exchanged in its one hour of trading on Tuesday, which was the company's highest most one-day volume over the past year. DY6 says it will now kick off critical metallurgical test work on a Tundulu bulk sample to determine if the deposit can economically produce a multiple product package. The company says substantial potential remains for additional gallium, as only 40 per cent of the 91.5-square-kilometre project area has been drill-tested. With gallium being thrown into the mix, Tundulu's already REE-rich deposit could quickly add a valuable byproduct. Sampling carried out by the company found mineral rich carbonatite at the previously unexplored Tundulu Hill and Makhanga Hill to the east and west of Nathace respectively. DATELINE RESOURCES LTD (ASX: DTR) Up 329% (0.7c – 3.0c) Charging late this week and going down by a nose is gold and rare earths hopefully Dateline Resources. The company was touted by Donald Trump on his Truth Social platform this week, with the leader of the free world giving his seal of approval to the company's Colosseum project outside of Las Vegas. President Trump referred to the developing gold project as 'America's second rare earths mine', noting it had been approved after years of stalled permitting. In response, Dateline's share price surged 167 per cent on Friday on $370 million worth of shares traded. Admittedly, the project is highly prospective for rare earth elements (REE) as it sits just 10km north of the globally significant Mountain Pass REE mine. However, the company has been primarily focussed on Colosseum's 1.1-million-ounce gold endowment. Gold is the only metal that has been mined from the large open pit mine since the 1800s. Dateline will now look to weave rare earths exploration into its ongoing development story. The gold project is no slouch, with Dateline wrapping a robust scoping study around its deposit, outlining an 8.3-year mine life with an annual output of 75,000 ounces at an all-in sustaining cost of $2500 per ounce. The study projects a net present value of US$235 million and a 31 per cent internal rate of return, based on a conservative gold price of US$2200 per ounce. With gold prices now more than US$3200 per ounce, the project's economics are significantly juiced up, forecasting total sales of nearly US$1.5 billion over its lifespan. The Trump administration appears more focused on the project's rare earth elements potential and highlighted the project as 'America's second rare earth elements mine.' An executive order from President Donald Trump earlier this year seeking to reduce US dependence on China seems to be the driving force here, however we wonder if the gun hoe leader of the free world may have gotten his wires crossed. ANDROMEDA METALS LTD (ASX: ADN) up 200% (0.95c – 2.85c) Runners' final podium finish goes to high purity alumina hopeful Andromeda Metals after the company announced it had achieved the critical four nine purity designation (4N or 99.99 per cent) for its high purity alumina (HPA) product from its Great White kaolin project in South Australia. Kaolin is a soft white alumina clay primarily used in ceramics and paints that can also be converted to HPA for high end uses in synthetic sapphires and smart phones. Andromeda announced that after seven years of successful metallurgical test work, the company had achieved a 99.9985 per cent purity level from its kaolin sourced at its Great White project. The news sent its share price skyward on Thursday, hitting a top of 2.85c on $6.5M worth of paper traded, exactly 200 per cent up on its close price from last week. Andromeda says its HPA is among the highest quality grades, which makes it ideal for applications in batteries, semiconductors, ceramics and emerging technologies. With demand for this critical mineral projected to exceed supply by 48 per by 2028, Andromeda is looking to cash in on the growing market, using its novel process flowsheet, which was confirmed by an independent analysis to produce a premium HPA. The company says its lab scale trials sets it apart from other HPA producers, as Andromeda's process will likely be more cost and carbon effective than other reported processes. Following the positive results, the company will look to complete a scoping study and investigate government funding opportunities. It locked in $75M in project debt financing a little over a month ago. JINDALEE LITHIUM LTD (ASX: JLL) Up 158% (26c – 67c) The final Runner and critical minerals company for the week is Jindalee Lithium. After its promising start last week, the company got a run on with our critical minerals' quartet thanks to its addition to the US's FAST-41 framework. The framework designation signals US federal interest in projects that are of national strategic importance and promises them a fast track to eventual production. Jindalee Lithium started the week at relatively the same levels it was last week, before the Trump administration included its flagship McDermitt Lithium project in Oregon on the incoming US FAST-41 list. The market quickly took notice, with five solid days of volume sending its share price to a high of 67c on Thursday, up 41c to a high of 67c. This was a 158 per cent increase on last week. The company says its significant McDermitt deposit was designated a 'transparency project' under the FAST-41 framework because it has one of the biggest contained lithium resources nationally. It was one of only 10 resource projects nationally listed in FAST-41 in a White House announcement early last week. Jindalee has gotten busy simultaneously applying for US Department of Defence grants to co-fund a feasibility study at McDermitt. The company expects to know the success of any awards by the middle of the year. The growing demand for domestically sourced lithium has been highlighted as a priority for the Trump administration, as have rare earths. In a struggling lithium market, getting government recognition at a counter cyclical time could be just what McDermitt needs to push on to become a producing lithium mine.
Sydney Morning Herald
02-05-2025
- Business
- Sydney Morning Herald
ASX Runners of the Week: DY6 Metals, Dateline, Andromeda & Jindalee
This week's Bulls N' Bears ASX Runner of the Week is rare earth elements (REE) and heavy minerals exploration company DY6 Metals. The company shot out of a cannon on Tuesday after it revealed that historical assays at its Tundulu REE project in Malawi features significant high-grade mineralisation of the critical mineral gallium. A review of past drill results confirmed high-grade intercepts, including a 74-metre hit grading 93.3 grams per tonne (g/t) gallium oxide with 1.56 per cent total rare earth oxides (TREO) from 72m depth and 53m running 72.8g/t gallium with 1.02 per cent TREO. Gallium was recently put on China's hit list for critical mineral export controls, as the metal's demand and price has steadily increased in recent years for its uses in semiconductors. China controls about 94 per cent of global gallium supply, leaving the rest of the world frantically searching for the metal, which has interestingly popped up in DY6's carbonotite hosted rare earth project. The company noted its gallium mineralisation was open at depth, with elevated results occurring within the saprolite clays near surface and again within fresh rock at depth. It has not assayed for deeper potential. DY6's shares promptly quadrupled on Tuesday morning peaking at 18.5 cents for a gain of 340 per cent from last week's close of 4.2c. The company was quickly placed into a speeding halt by the good boys and girls down at the ASX, who insisted the company needed to supply more evidence and documentation. Some $1.1 million worth of stock was exchanged in its one hour of trading on Tuesday, which was the company's highest most one-day volume over the past year. DY6 says it will now kick off critical metallurgical test work on a Tundulu bulk sample to determine if the deposit can economically produce a multiple product package. The company says substantial potential remains for additional gallium, as only 40 per cent of the 91.5-square-kilometre project area has been drill-tested. With gallium being thrown into the mix, Tundulu's already REE-rich deposit could quickly add a valuable byproduct. Sampling carried out by the company found mineral rich carbonatite at the previously unexplored Tundulu Hill and Makhanga Hill to the east and west of Nathace respectively. DATELINE RESOURCES LTD (ASX: DTR) Up 329% (0.7c – 3.0c) Charging late this week and going down by a nose is gold and rare earths hopefully Dateline Resources. The company was touted by Donald Trump on his Truth Social platform this week, with the leader of the free world giving his seal of approval to the company's Colosseum project outside of Las Vegas. President Trump referred to the developing gold project as 'America's second rare earths mine', noting it had been approved after years of stalled permitting. In response, Dateline's share price surged 167 per cent on Friday on $370 million worth of shares traded. Admittedly, the project is highly prospective for rare earth elements (REE) as it sits just 10km north of the globally significant Mountain Pass REE mine. However, the company has been primarily focussed on Colosseum's 1.1-million-ounce gold endowment. Gold is the only metal that has been mined from the large open pit mine since the 1800s. Dateline will now look to weave rare earths exploration into its ongoing development story. The gold project is no slouch, with Dateline wrapping a robust scoping study around its deposit, outlining an 8.3-year mine life with an annual output of 75,000 ounces at an all-in sustaining cost of $2500 per ounce. The study projects a net present value of US$235 million and a 31 per cent internal rate of return, based on a conservative gold price of US$2200 per ounce. With gold prices now more than US$3200 per ounce, the project's economics are significantly juiced up, forecasting total sales of nearly US$1.5 billion over its lifespan. The Trump administration appears more focused on the project's rare earth elements potential and highlighted the project as 'America's second rare earth elements mine.' An executive order from President Donald Trump earlier this year seeking to reduce US dependence on China seems to be the driving force here, however we wonder if the gun hoe leader of the free world may have gotten his wires crossed. ANDROMEDA METALS LTD (ASX: ADN) up 200% (0.95c – 2.85c) Runners' final podium finish goes to high purity alumina hopeful Andromeda Metals after the company announced it had achieved the critical four nine purity designation (4N or 99.99 per cent) for its high purity alumina (HPA) product from its Great White kaolin project in South Australia. Kaolin is a soft white alumina clay primarily used in ceramics and paints that can also be converted to HPA for high end uses in synthetic sapphires and smart phones. Andromeda announced that after seven years of successful metallurgical test work, the company had achieved a 99.9985 per cent purity level from its kaolin sourced at its Great White project. The news sent its share price skyward on Thursday, hitting a top of 2.85c on $6.5M worth of paper traded, exactly 200 per cent up on its close price from last week. Andromeda says its HPA is among the highest quality grades, which makes it ideal for applications in batteries, semiconductors, ceramics and emerging technologies. With demand for this critical mineral projected to exceed supply by 48 per by 2028, Andromeda is looking to cash in on the growing market, using its novel process flowsheet, which was confirmed by an independent analysis to produce a premium HPA. The company says its lab scale trials sets it apart from other HPA producers, as Andromeda's process will likely be more cost and carbon effective than other reported processes. Following the positive results, the company will look to complete a scoping study and investigate government funding opportunities. It locked in $75M in project debt financing a little over a month ago. JINDALEE LITHIUM LTD (ASX: JLL) Up 158% (26c – 67c) The final Runner and critical minerals company for the week is Jindalee Lithium. After its promising start last week, the company got a run on with our critical minerals' quartet thanks to its addition to the US's FAST-41 framework. The framework designation signals US federal interest in projects that are of national strategic importance and promises them a fast track to eventual production. Jindalee Lithium started the week at relatively the same levels it was last week, before the Trump administration included its flagship McDermitt Lithium project in Oregon on the incoming US FAST-41 list. The market quickly took notice, with five solid days of volume sending its share price to a high of 67c on Thursday, up 41c to a high of 67c. This was a 158 per cent increase on last week. The company says its significant McDermitt deposit was designated a 'transparency project' under the FAST-41 framework because it has one of the biggest contained lithium resources nationally. It was one of only 10 resource projects nationally listed in FAST-41 in a White House announcement early last week. Jindalee has gotten busy simultaneously applying for US Department of Defence grants to co-fund a feasibility study at McDermitt. The company expects to know the success of any awards by the middle of the year. The growing demand for domestically sourced lithium has been highlighted as a priority for the Trump administration, as have rare earths. In a struggling lithium market, getting government recognition at a counter cyclical time could be just what McDermitt needs to push on to become a producing lithium mine.
