DNI Metals, is pleased to give the following update on its graphite properties in Madagascar. As previously outlined in a press release dated August 17, 2017, due the positive Drilling and metallurgical results from its Vohitsara Graphite Project, DNI has initiated a programme to construct and commission a modular pilot plant. Additionally, per DNI's press release dated August 14, 2017 — a non-binding MOU for up to 20,000 [...]
DNI Metals, is pleased to announce that it will build a graphite pilot plant for testing its properties in Madagascar. DNI Metals has had positive Drilling and metallurgical results from its first mining claims. DNI's projects are permitted. Saprolitic-hosted (weathered) material, average depth from current drill program is 28 meters. Modular plant to be on site in 3-4 months.. Budget for the pilot plant is $1 ...
DNI Metals has signed a non-binding Memorandum of Understanding agreement, with ASX listed Peninsula Mines Limited to form a cooperative joint venture to supply and potentially produce, initially up to 20,000 tonnes per year of large flake graphite concentrate to Korean end-users from 2018. The MOU includes the following non-binding terms: 1. The parties agree to cooperate with respect to supply and potential development [...]
Since DNI Metals, has had positive Drilling and metallurgical results from its first mining claim, DNI has signed an LOI on a second property contiguous to the first mining claim. The new property, Madagascar claim number PE8904 (the 'Marofody' project), is a permit that allows for production, is good for 40 years, and can be extended (refer Figure 1 below & Table 1 following). With the addition of the new claim, DNI will [...]
DNI Metals Highlights — First 3 holes from the Main Zone VHT0019: 19.50m @ 6.12% GC, from 10.00m (incl. 4.50m @ 10.59% GC, from 19.00m); VHT0025: 11.50m @ 7.23% GC, from surface; VHT0016: 12.00m @ 4.14% GC from 8.50m & 4.50m @ 5.20% GC, from 25.00m. DNI Is pleased to announce the following (refer Figure 1 and Table 1 following): Receipt of the first batch of drilling assay results from its Vohitsara Graphite [...]
Toronto, Ontario--(Newsfile Corp. - July 19, 2017) - DNI Metals Inc. (DNI: CSE) (FSE: DG7N) (OTC Pink: DMNKF) ("DNI" or the "Company"): This press release contains excerpts from Cougar Metals "Cougar" press release dated July 18, 2017 Metallurgical Tests have produced very high grade concentrates (>98% Total Graphitic Carbon) from both high and low grade raw composites Conventional Flowsheet utilised with minimal [...]
DNI Metals Is pleased to announce the following: Further to its news release dated April 5th, 2017, the Company has closed, subject to final Regulatory approval, the final tranche (the "final Tranche") of its non-brokered private placement financing (the "Private Placement"). The final Tranche comprises 3,024,599 units of the Company (the "Units") at a price of CDN$0.065 per Unit for aggregate gross proceeds of [...]
On a recent trip to Madagascar, the management, directors, an investor and an advisor visited the Madagascar's main port only 50 kms from DNI's permitted graphite deposit on the country's main paved highway. Infrastructure such as roads and ports are critical to any industrial project as transport and logistics costs represent a very significant portion of the final delivered cost. As noted in the CIM Best Practice [...]
DNI Metals Is pleased to announce the following: Further to its news release dated April 5th, 2017, the Company has closed, subject to final Regulatory approval, the second tranche of its non-brokered private placement financing. The second Tranche comprises 3,673,990 units of the Company at a price of CDN$0.065 per Unit for aggregate gross proceeds of CDN$238,809.35. Each Unit consists of one common share of the Company [...]
DNI Metals organized a trip to Madagascar last week to check on the progress of its fully permitted graphite deposit in Madagascar. Highlights: Cougar Metals has drilled Test holes in the southern zone. Trenching has begun in the main zone. Multiple layers of graphite mineralization have been exposed. The layers are shallow dipping at about 25-30 degrees to the east. Gr...
DNI Metals Is pleased to announce the following: Further to its news release dated April 5th, 2017, the Company has closed, subject to final Regulatory approval, the first tranche of its non-brokered private placement financing. The first Tranche comprises 15,566,184 units of the Company at a price of CDN$0.065 per Unit for aggregate gross proceeds of CDN$1,011,801.96. Each Unit consists of one common share of the Company [...]
DNI Metals is pleased to announce the following: Drilling has commenced on DNI's Vohitsara graphite project in Madagascar. As the road and drill pads were/are being constructed, new graphitic zones were uncovered by the bulldozer. Drilling to focus on the main zone, but a few test holes will be drilled on secondary zones. The Main zone is over 2.5 kms long, drilling will start on the central 1 km portion of graphite [...]
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