DY6 Metals (ASX:DY6) has secured three additional licences at the group’s Central Rutile Project in central Cameroon, increasing its landholding to 5,901km2.
The three licences – Biyan, Long, and Ayene – are considered highly prospective for rutile and heavy mineral sands.
Biyan is contiguous to the Nganda and Bounde permits. Nlong is immediately west of the Alamba and Nsimbo permits, while Ayene sits to the southwest of the Weaver group of licences.
DY6 Metals, which has a market capitalisation of $24.14 million, plans to expand its systematic soil sampling program to include the new licence applications.
CEO Cliff Fitzhenry says the company has been able to move quickly in securing additional ground in what is seen as an “emerging globally significant rutile province”.
“We are keen to further expand our footprint at the Central Rutile Project where we see the right ingredients for prospective residual natural rutile deposits, being correct underlying geology, a deep in-situ weathering profile, and strategically located,” Fitzhenry says.
The Central Rutile Project, comprising 14 exploration permits, is predominantly underlain by kyanite-bearing mica schist bedrock which is considered the primary source of rutile.
Rutile is the most abundant of three naturally occurring forms of titanium dioxide. It has various uses including pigments in paints, plastics, and paper, as well as in cosmetics and sunscreens. The mineral can also be used in ceramics, glass, and as a welding electrode.
DY6 Metals is a diversified mineral explorer focused on discovering natural rutile and heavy mineral sands. The company owns two projects in Cameroon, West Africa.
Write to Aaliyah Rogan at Mining.com.au
Images: DY6 Metals
