DKO 0.00% 5.6¢ dakota minerals limited

Ann: Battery Grade LithiumCarbonate Produced from Sepeda Petalite, page-82

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 399 Posts.
    @Quanta, I know you used to hold DKO at one stage, I recall you may have gotten out at the right time. I'm sure the fundamentals for Lynas looked great, which may have attracted you to the stock initially.

    With a new chapter in DKO's life all based on the European supply strategy here's a quick summary:

    - DKO have proved up a 10Mt resource at 1% (large intersections of 50m @ 1.5% have recently been found and this should result in a resource upgrade in Q3 2017.
    http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01829830
    http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01853797

    - Ore is largely petalite which they have been able to prove up 4.4% concentrate with conventional processing methods.
    http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01849801

    - Further sighter testwork has proven lithium carbonate production can be achieved with grades of 99.97% using off-the-shelf processing technologies including calcination, acid baking and leaching.
    - Scoping study set for release in 2 weeks
    - Cash of $15.9M and more funds expected from PLS, in cash or shares.
    http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01860801

    Other significant items:

    - New tenements acquired in Sweden with Spodumene mineralisation shown from initial surface sampling with grades of up to 1.69% (@ tenement called Spodumene Mountain - "Spodumenberget"). Additional tenements have also been acquired around Hamrange region surrounding Leading Edge Materials' Bergby Lithium Project, where recent drilling returned 10.5m @ 1.62% Li2O.
    http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01855211

    - Name change is planned to Novo Litio, with a potential cross listing.

    Would like to hear your thoughts on this. I feel DKO have made frugal use of the cash raised in 2016 and have continued to hit the goals and milestones they've set and it looks like the project has been derisked considerably. DKO is way undervalued at present considering the work that has been done.

    Cheers
    Last edited by Danzas: 30/05/17
 
watchlist Created with Sketch. Add DKO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.