Rock Chips of up to 3.22% TREO Identified in Newly Granted Machinga Licence

Heavy rare earths (HREE) and Niobium (Nb) explorer DY6 Metals Ltd (ASX: DY6) (“DY6”, “the Company”) is pleased to announce the receipt of the assay results for the second comprehensive reconnaissance rock chip and soil sampling program completed at Machinga Main Licence Area Anomaly (Figure 1).

HIGHLIGHTS

• Sampling program consisting of a total of 727 rock chips and soil samples recently completed into recently granted licence area at Machinga
• Full assay results received from soil and rock chip sampling program at Machinga:
  • 305 soil samples were taken on a 200m x 100m grid
    • Assays returned up to 0.49%TREO
    • 21% of all soil samples returned >1000ppm (>0.1%) TREO
  • 422 rock chip samples were taken on a nominal 50 x 50m grid
    • Assays returned up to 3.22% TREO, with 5 samples returning 1%+ TREO
    • Rock chips also returned up to 0.75% Nb2O5
• Two anomalies west of the main road of the newly granted licence show a much more continuous character of higher TREO results – highlighting the scale potential of REE mineralisation in this new area of the licence
• Assays will assist in refining targets ahead of next phase of drilling at Machinga

Machinga Soil and Rock Chip Sampling Program

Following on from the DDH assays reported in December 2023, DY6 conducted a comprehensive geochemical sampling over the Machinga exploration licences (EL0705/EL0529) initially, targeting the western side of the maiden drilling in Area 1 and 2 in licence EL0529 before moving to the anomalous soil responses in the southern region of Machinga main (EL0705) (Figure 1). The program consisted of a total of 727 samples which included 422 rock chips and 305 soils. The full list of assay results is included in Table 1.

Geochemical sampling was extended into the new licence and over the anomalous southern region covering and area of approximately 3000m x 2000m along a NW-SE strike direction. A previously reported extensive uranium radiometric anomaly, which spans over 7km along the same geological unit (refer ASX release dated 6 July 2023) is being targeted by the Company.

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