DMC Mining Ltd. (AU:DMM) has released an update.
DMC Mining Ltd. has announced binding agreements to acquire two uranium projects in Guinea, the Firawa Uranium-REE-Nb Project, which could be a globally significant deposit, and the Labé Uranium Project. The Firawa Project boasts a JORC (2012) inferred Mineral Resource Estimate of 27.1 million tonnes with significant uranium and rare earth element intercepts. The mineralization of uranium and rare earth elements extends over a 3 km zone, with positive correlation results and notable niobium concentrations.
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