Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: DNI; DMNKF

Graphite Miner Releases Maiden Resource Estimate for Madagascar Project
News Update

Source:

The resource covers a small portion of the deposit and remains open, and the grades exceeded company expectations.

DNI Metals Inc. (DNI:CSE; DMNKF:OTC) announced in a news release the results of the initial NI 43-101 mineral resource estimate for its Vohitsara graphite deposit in Madagascar, highlighting the grade exceeded its expectation.

The report, prepared by Micon International Ltd., is based on DNI's Main zone. It incorporates results of work done through Dec. 31, 2017, including four trenches, one road cut, 22 diamond drill holes and 38 reverse circulation drill holes, all over a small portion of the Main zone, specifically 750 meters in length.

The report outlined an Inferred mineral resource of 4 million tons of 5% graphitic carbon (GC) using a 3% cutoff grade base case.

"We had indicated to the markets that we would be happy with a 4% GC grade, since many of the deposits in our area of Madagascar range from 24.2% GC, but having a 5% GC grade in saprolitic, weathered host rock is above our expectations," CEO Dan Weir said in the release.

The resource remains open along the north-south strike length and downdip to the west.

Next for DNI, once it receives its expected environmental licenses, is constructing a pilot plant.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: DNI Metals. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of DNI Metals, a company mentioned in this article.




Want to read more about Critical Metals and Base Metals investment ideas?
Get Our Streetwise Reports Resources Report Newsletter Free and be the first to know!

A valid email address is required to subscribe