- DMC Mining (DMM) carries out airborne electromagnetic (EM) survey over its Ravensthorpe nickel project in Western Australia
- The company’s 2022 exploration program began immediately following its listing on the ASX in late December 2021
- A total of 522 line kilometres of data were acquired using line spacings of 100 metres
- The company also says data processing, modelling and targeting studies are under way, involving the integration of the new airborne EM data
- DMM shares are up 9.68 per cent at 17 cents
DMC Mining (DMM) has flown a high-resolution helicopter-borne electromagnetic (EM) and magnetic survey over its entire 62 square kilometre Ravensthorpe nickel project in Western Australia.
The project’s geological setting is regarded by the company as “highly prospective” for nickel sulphide deposits.
It covers a strike length of about 15 kilometres of the Bandalup ultramafics, the target host rocks considered prospective for Kambalda-style komatiitic nickel sulphide deposits.
DMC’s 2022 exploration program began immediately following its listing on the ASX in late December.
The just completed survey acquired a total of 522 line kilometres of data using line spacings of 100 metres.
Data processing, modelling and target generation studies were under way, involving the integration of the new airborne EM data. Results were is due in coming weeks.
The survey was completed by NRG Australia, and for the data processing and interpretation, DMC has engaged Resource Potentials.
DMM shares were trading 9.68 per cent higher at 17 cents at 3.36 pm AEDT.