DMC Mining Limited announced that geophysical consultancy group Resource Potentials Pty Ltd. (Resource Potentials) have completed processing and interpretation of the recent high-resolution helicopter-borne time domain electromagnetic (EM) and magnetic (XciteTM) survey covering all the Ravensthorpe Nickel Project (RNP or the Project). The results of the survey have delineated a number of high priority conductivity anomalies associated with magnetic features consistent with buried komatiite ultramafic units. These conductivity anomalies will now be ground-truthed with geochemistry and ground geophysical surveys.

Results from the geochemical and ground geochemical surveys will then be followed up by diamond drilling to test the anomalies for potential nickel sulphide mineralisation. A total of 552-line kms of airborne EM and magnetics data at 100m line spacing was acquired over the entire RNP by NRG Australia in late December, 2021. DMC engaged Resource Potentials to process and interpret the data.

Resource Potentials have identified a number of high priority conductivity anomalies within the data associated with magnetic features consistent with possible buried komatiite volcanic units.