DMC Mining is an Australian-based iron ore company developing the Mayoko Iron Ore Project in The Republic of The Congo.
On the 7th May 2008, DMC announced it's initial JORC resource - Mayoko Iron Ore Project.
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Total Inferred Mineral Resource estimate of 33mt @ 55.5% Fe (50% Fe cut off) at the Mayoko Iron Ore Project
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Geological modelling of the Mayoko Project has outlined an exploration target of 110 - 135 mt of haematite enrichment at 55 - 58% Fe and 750 - 800 mt magnetite at 35 - 45% Fe
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Major drilling programme of 20,000m+ is planned to commence in July 2008
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Scoping Study currently underway by GRD Minproc to access mining parameters is due for completion in May 2008
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With significant infrastructure largely in place, DMC is poised to become a direct shipping ore (DSO) producer within the next few years
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Independent research confirms The Republic of The Congo ("ROC") as one of the lowest risk African countries