Dynasty Metals Australia (DMA)

Shares / Stock Code

DMA

Stock Exchange / Sharemarket

Australian Securities Exchange

Dynasty Metals Australia (DMA) is an advanced mineral exploration company which was listed on the ASX in December 2005. Since that time Dynasty's exploration teams' have defined substantial deposits of mineral resources and in particular iron ore on the Company's Prairie Downs tenements in the Pilbara of Western Australia.

Dynasty in the 2009 field season completed an ~10,000m drilling program on Prairie Downs and is compiling the data from this program with a view to defining JORC Compliant resources of Marra Mamba Formation, Detrital Iron and Channel Deposits. In 2010, it is planned to complete the evaluation of these deposits and explore for extensions and the other targets on Prairie Downs which include buried Marra Mamba Formation, Brockman Iron Formation, a vast Proterozoic iron rich basal conglomerate and a copper deposit.

The iron rich basal conglomerate covers an area exceeding 130sqkm and is located on the boundary of the Hamersley and Bangemall Basins, represented by the regional Prairie Downs Fault. The focus of the Company is iron ore. Dynasty's exploration focus during the 2010 field season is to continue with the evaluation of the Prairie Downs tenements with a view to defining measured resources and, as warranted, to begin a pre-feasibility study into the development of the substantial iron deposits identified during 2009.

The Prairie Downs tenements cover an area in excess of 3,000sqkm and contain targets for iron, copper and gold. In addition to iron ore, the company has a broad portfolio of exploration projects in Western Australia, Northern Territory, Queensland and Victoria which include gold, uranium, coal, coal seam gas and other minerals. For the non iron ore/non core tenements in Dynasty's portfolio, the Company is actively seeking joint venture partners as Directors and shareholders have decided to focus on the evaluation of the iron ore and copper potential at Prairie Downs and on adding value to these projects through further exploration and mineral resource development studies.

Dynasty Metals Australia has 100% interests in a diversified portfolio of projects in WA and Victoria. It has rights to five applications for exploration licences in the Cascoyne and Ashburton regions, which have indications of uranium mineralisation. As an explorer, DMA has no customers at present. DMA competes with other companies involved in exploration activites such as BHP Billiton, Rio Tinto and Harmony.

Dynasty Metals Australia (DMA) Products and Services

  • Gold, uranium and base metals exploration

Dynasty Metals Australia (DMA) Locations and Subsidiaries

Dynasty Metals Australia Head Office
Suite 2 Level M, 35-37 Havelock Street,
WEST PERTH, WA 6005
Phone: 08 9322 2700
Fax: 08 9322 7211

Dynasty Metals Australia (DMA) Share Price

Submitted by ASX Listed Company on 18 March, 2010 - 00:20

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