Firawa Uranium, REE & Niobium

DMC Mining is acquiring the high-grade uranium, rare earth elements and niobium project in Guinea.

Guinea is a mining-friendly jurisdiction

Guinea is the second largest bauxite exporter and has large iron ore projects being developed.

Recompliance with ASX Listing Rules

Along with the acquisition, DMC will be raising new equity via a Prospectus raise.

Diversified Mining

& Exploration Excellence

Critical future-facing commodities

Rare Earths and Uranium

DMC Mining is acquiring the high-grade Firawa REE and Uranium Project in eastern Guinea. The Firawa Project is a carbonatite style deposit and has the potential to be a globally significant deposit, based on scale potential and historic grades.

Mineralised zones of uranium & REE extend over a length of ~3 km and are open at depth and to the east and west. Analyses of 5 high-grade samples have resulted in an average NdPr:TREO ratio of 28.0%.

The Project has a JORC-2012 compliant Uranium Mineral Resource Estimate of 27.1Mt at 295ppm U3O8 (Inferred).

The Project also contains anomalous concentrations of niobium (Nb2O5) throughout the 3km mineralised zone, with results up to 22,784 ppm (2.28%) Nb2O5 in rock chips.

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