Updated announcement - Investor Presentation
Released
Released
Announcement PDF
ASX Announcement
ASX:DY6
25 September 2025
Updated Announcement
Investor Presentation
DY6 Metals Ltd (ASX: DY6, “DY6” or the “Company”) refers to the Company’s announcement dated
4 September 2025 “Investor Presentation” (“Announcement”).
An updated version of the Announcement is attached now incorporating requisite cautionary wording
and referencing for certain visual displays of mineralisation observed at the Company’s Central Rutile
Project.
This announcement has been approved by the Board of DY6.
More information
Mr Daniel Smith
Mr Cliff Fitzhenry
Executive Chairman
Chief Executive Officer
dan.smith@dy6metals.com
Clifford.fitzhenry@dy6metals.com
Registered Office
Level 8, 99 St Georges Terrace
Perth WA 6000
P: +61 8 9486 4036
E: info@dy6metals.com
dy6metals.com
African-based Critical Minerals
Targeting Tier-1 Rutile in Cameroon
Company Presentation
September 2025
ASX:DY6
ASX:DY6
Corporate Snapshot
Capital
Structure
ASX:DY6
$0.215
92.2M2
$19.8M
~$5M
58.8M
32.1M
ASX Share Price
Shares on Issue
Undiluted Market Cap
Cash
Options on Issue
Performance Rights
1
Shareholders*
Others
75%
3
($0.08 - $0.60)
1 (2/9/25)
2 (2/9/25)
3 31/08/25)
Share Price
Board & Management
17%
Strategic Cornerstone Investor
(Zhenshi Group) 8%
ASX:DY6
2
Board & Management – Significant African Experience
Mr Dan Smith
Mr Myles Campion
Mr John Kay
Dr Nannan He
Executive Chairman
Non-Executive Director
Non-Executive Director
Non-Executive Director
Over 30 years’ experience in the natural resources
sector, including exploration geology, resource
analysis, fund management, equities research and
project and debt financing.
Experienced corporate lawyer and corporate
adviser.
Over 12 years’ experience in geosciences, chemical
material trading, exploration and resources investment.
Significant financial experience in Australian and UK
Over 17 years’ experience in equity capital markets,
M&A and resources gained through both private
practice and inhouse roles in Australia and the UK.
M.Sc. in Minerals Exploration from the Royal School of
Mines in London and B.Sc. Honors in Geology from
University of Wales College Cardiff.
Co-founder of Arcadia Corporate, which provides
corporate advisory and capital raising services to listed
and unlisted companies in the small cap mining sector.
Dr He holds a PhD in Geochemistry from Curtin
University, a MS in Geochemistry from Hokkaido
University, and a BS in Mineral Resource Exploration
from Jilin University.
Mr Cliff Fitzhenry
Mr Troth Saindi
Dr Moses Ndasi
Mr Corne Coester
Chief Executive Officer
Exploration Manager, Africa
Country Manager, Cameroon
Senior Geologist
MSc and BSc Honours (cum laude) degrees from the
University of KwaZulu Natal (South Africa)
Mr Saindi holds a Master of Science degree in
Economic Geology from the University of Witwatersrand
and a Bachelor of Science honours degree in Geology
from University of Johannesburg.
specialist in mineral exploration, resource evaluation and
project management.
Over 7 years as exploration geologist throughout
Africa
Discovery track-record in Africa
GIS and exploration management expertise
Cameroonian national with a PhD in geology from the
University of Johannesburg and an MBA from Wits
Business School.
Experience in the establishment and oversee of incountry/in-house laboratories
BA, Fellow of the Governance Institute of Australia
Over 17 years’ capital markets expertise.
Director and co-founder of Minerva Corporate, a
boutique corporate services and advisory firm.
Non-executive director for several companies on
AIM/ASX operating in the resources sector
Registered Professional Natural Scientist in South
Africa.
Previously the Senior Geologist for Sovereign Metals
Limited (ASX. SVM)
He has 17 years’ experience in the mineral resource
sector spanning from exploration geology, through to
development and production.
Previously technical advisor to Chilwa Minerals
ASX:DY6
3
African-based Critical Minerals
Targeting Tier-1 Rutile in Cameroon
DY6 Metals is advancing a portfolio of rare earth
element (REE) and critical mineral projects in Malawi
and Cameroon, with a strong focus on natural rutile
and heavy rare earth elements (HREE). With a strong
board and management team that has extensive
experience in Africa, the company is well funded for an
aggressive exploration program throughout fiscal year
2026.
ASX:DY6
Figure: A coarse rutile nugget (~4 cm) exhibiting a massive texture, sub-metallic luster, and black coloration with
secondary Fe-oxides and subrounded crystals, suggesting limited lateral transport. It was recovered from residual
regolith composed primarily of fine-grained, iron-rich soil and clay near a road cutting at the sample site GRMAU0012
(not assayed). For detailed nugget analysis, refer to ASX announcement: 11 August 2025 - XRF Analysis confirms highquality of natural rutile. Cautionary Statement: The rutile nugget is presented solely as a display specimen and does not
reflect in-situ mineralisation or assay outcomes.
4
Investment Snapshot
ASX:DY6
100% owned projects
with no royalties
Access to key infrastructure
(rail, ports, power)
Central Rutile Project –
district scale (~5,900km2)
Natural Rutile – purest
form of titanium
Cameroon – significantly
underexplored
Strong board & management
with significant African
experience
3 highly prospective REE
projects in Malawi
Fully funded for high-impact
exploration throughout FY26
Figures: (Top left) – DY6
geologist inspecting auger
samples NSIAU000013,
(Top right) –
Example saprolite material
from 8-9m . Refer to ASX
announcement: 29 July 2025 Central Rutile Project
exploration update (Bottom)
– Auger samples being dried
prior to despatch for
laboratory analysis
Cautionary Statement: The images shown are for illustrative purposes only, depicting auger
drilling and sampling techniques. This is not indicative of any mineralisation, resources or
reserves, and should not be relied upon as a measure of economic potential. Assay results from
further the drilling and sampling programmes will be required to understand the grade and
extent of mineralisation. Initial assay results are expected in Q4 2025.
5
African Based Portfolio of Critical Minerals Assets
Cameroon Rutile Projects: Flagship Central Rutile Project
covers approximately 5,900 km², while the Douala Basin
Heavy Mineral Sands (HMS) project covers 2,580 km² and is
located within 50 km of the deep-water port of Douala.
Malawi REE Projects: In Malawi, the company has three
highly prospective REE projects: Tundulu (light REEs, gallium,
and rock phosphate), Machinga (HREEs and niobium), and
Salambidwe (REEs and niobium).
High-Value Minerals: Rutile is the purest and most valuable
naturally occurring form of titanium, with applications in
aerospace, defense, and pigment manufacturing. Global
supply is projected to decline sharply, making new deposits
highly sought after.
ASX:DY6
Cameroon
Malawi
6
Rutile: The Most Valuable Titanium Mineral
Rutile is a key source of titanium, a highly versatile and high-demand metal.
It’s the highest-grade and most naturally occurring form of titanium dioxide.
Strong industrial demand: Titanium's exceptional strength-to-weight ratio and
high corrosion resistance make it essential for various applications. It's used in
pigments (paints and plastics), aerospace, medicine (implants), and
technology.
Growing Market: The demand for titanium is expected to rise due to
increasing global infrastructural development and through increasing
industrial applications.
Limited Supply: Despite its widespread use, new high-grade deposits of rutile
are limited, which could lead to increased value over time. Outside of
Sovereign Metals’ Kasiya Rutile Project in Malawi there are limited new
deposits forecast to come online in the near term.
ASX:DY6
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Central Rutile Project: World Class Potential
The Central Rutile Project in Cameroon has the key ingredients to become a world-class rutile deposit. The project is analogous
to Sovereign Metals’ Tier 1 Kasiya deposit in Malawi, the world’s largest primary rutile deposit.
District Scale: 14 exploration permits under valid applications covering
~5,900 km².
Favourable Geology: The project is underlain by kyanite-bearing mica
schist, which is the source rock for the rutile.
Deep Weathering Profile: Deep, intense weathering has concentrated
and upgraded the rutile into a high-grade layer of saprolite, which is
easier to mine.
Historical Evidence: Historical production from the area (1935-1955)
recorded 15,000 tons of high-purity rutile (>95%).
Promising Neighbours: The project borders Lion Rock Mineral’s Minta Rutile
Project, where initial sampling has shown high-value mineral assemblages
with valuable heavy minerals (VHM) up to 93% of total heavy minerals
(THM) and with the dominant VHM’s being rutile (up to 69.8%), monazite
(up to 35.6%) and zircon (up to 21.5%).
ASX:DY6
DY6’s Central Rutile Project comprises 14
licence blocks in Cameroon’s central
region
8
Central Rutile Project: First pass reconnaissance assay results
Significant Mineralisation Confirmed
• Initial reconnaissance sampling confirmed high
grade residual rutile mineralisation
• Validation of geological model targeting Tier
1 residual rutile deposits
• Ultra-high grade rutile including 1.57% and 2.1%
rutile
• Several ore-grade rutile occurrences (>0.7%+)
• Notable assays:
o 2.25m @ 8.7% HM incl. 0.6% rutile
o 3.5m @ 5.29% HM incl. 0.78% rutile
o 5.8m @ 6.98% HM incl. 0.47% rutile
o 4.8m @ 4.99% HM incl. 0.3% rutile
o 0.8m @ 2.81% HM incl. 0.66% rutile
o 1.35m @ 1,23% HM incl. 0.84% rutile
ASX:DY6
Figure : Zoomed in geological map of the Nsimbo and Alamba licences showing the recently
completed reconnaissance sampling campaign and 41km strike of high-grade mineralisation.
9
Central Rutile Project: Assay Results Continued
District Scale Potential Confirmed
• Samples comprised channel samples of roadcutting exposures and very shallow auger holes
• District scale of rutile mineralisation – 41km
distance between mineralised samples
• 24-hole, 237.9m reconnaissance drilling
campaign completed (9.9m average hole
depth)
• Holes displayed same weathering profile as
Kasiya, with visual HM in panned samples
• Samples currently being prepped; assays
expected in 6 weeks
Figure: Weathering
profile at the Bounde
licence showing a
classic residual
“Kasiya-type” profile
ASX:DY6
10
Central Rutile Project
Seeing the right ‘ingredients’
Figure: Fine-grained heavy mineral (HM) and rutile grains (~1 mm) recovered from a
panned concentrate of auger hole GRMAU0004 (not assayed). For assay results from this
hole, refer to ASX announcement: 2 September 2025 - High-grade saprolite-hosted rutile
confirmed at Central Rutile Project (0.95 m @ 11.52% HM, including 0.96% rutile)
ASX:DY6
Figure: Rutile nuggets from the Bounde licence grading 96,74% TiO2
(refer to announcement on 11 August 2025 “XRF analysis confirms high
quality of natural rutile”)
08
11
Douala Basin HMS Project
The Douala Basin HMS Project consists of 3 granted exploration permits and
3 exploration permits under valid applications covering 2,580km² across the
Douala Basin of Western Cameroon.
The tenements are all located within 50km of the deep-water port city of
Douala.
Geologically the Douala Basin is a coastal sedimentary basin consisting of
a package of mainly marine sedimentary formations
The Diwong licence was previously known as the Missole Project which
was held by the French multinational Eramet.
Historical sonic drilling at Douala by Eramet delivered significant
intercepts from the Diwong licence, including:
o 10m @ 5.0% THM from surface (DIB_S00024)
o 12m @ 4.7% THM from surface (DIB_S00018)
o 7.7m @ 4.0% THM from surface (DIB_S00022)
o 18m @ 3.7% THM from surface, ending in
mineralisation (DIB_S00010)
ASX:DY6
DY6’s Douala Basin Project comprises 6
licence blocks proximal to the port city of
Douala along Cameroon’s coast
09
12
Rutile Peers
Sovereign Minerals
Sierra Rutile
Lion Rock Minerals
DY6 Metals
Market Cap
$440m
N/A
~$163m
~$19m
Country
Malawi
Sierra Leone
Cameroon
Cameroon
Ownership
100%
100%
80%
100%
Landholding Size
~786km2
559km2
8,800km2
5,901km2
Stage of development
DFS – pre-development Operating
Exploration
Exploration
Bedrock geology
High-grade mica-schist
Alluvial placer
High-grade mica-schist
High-grade mica-schist
Style of mineralisation
Saprolite-hosted,
residual rutile
Alluvial placer
Saprolite-hosted,
residual rutile
Saprolite-hosted,
residual rutile
Resource Grade/Size
1.8Bt @ 1% rutile
0.78Bt @ 1.04% rutile
N/A
N/A
Notable residual
intercepts
N/A
N/A
• 4m @ 1.57% HM, inc
1.05% rutile
• 5.65m @ 5.2% HM
• 7m @ 5.1% HM
• 5.8m @ 6.98% HM, inc
0.47% rutile (channel)
• 3.5m @ 5.29% HM, inc
0.78% rutile (channel)
• 2.25m @ 8.7% HM, inc
0.6% rutile (auger)
Market caps - as at 2 September 2025
Resources / grades:
• Sovereign Metals - https://api.investi.com.au/api/announcements/svm/a75dced1-d48.pdf
• Sierra Rutile - https://sierra-rutile.com/media/nqcbj0ij/srx-2022-resources-and-reserves-statement-final.pdf
• Lion Rock - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02963007-6A1271135&v=c2533a54e2514fb77a8f93f84db686e1125273e9 and https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-029487336A1265374&v=c2533a54e2514fb77a8f93f84db686e1125273e9
• Dy6 - https://investors.dy6metals.com/announcements/7135080
ASX:DY6
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Cameroon – Next steps
DY6 is fully-funded to undertake an aggressive exploration programme across the Company’s Central Rutile and Douala
Basin projects. Over the next 6 months, the key objectives are to:
Completion of assays
and mineral assemblage
work on reconnaissance
samples
ASX:DY6
Systematic soil sampling
to define higher-grade
zones at the Central
Rutile Project
Deep auger drilling to
follow up on high-grade
zones
Establishment of an
in-country laboratory
and build local
Cameroonian work
force
14
Malawian Projects – REEs, Gallium & Phosphate
DY6 has three highly prospective rare
earth element (REE) projects in Malawi:
Tundulu: carbonatite hosting light
REEs, gallium and rock phosphate
Machinga: alkaline intrusive
complex enriched in heavy REEs
and niobium
Salambidwe: circular syenite
intrusive enriched in REEs and
niobium
ASX:DY6
15
Malawian Projects – REEs, Gallium & Phosphate
Tundulu REE & Gallium Project - Significant Undeveloped REE Carbonatite Complex
• Tundulu formed of multiple ring structures around a central vent Nathace Hill where major drilling
uncovered a large REE, P2O5 hosted mineralised system
• In addition to high-grade rare earths and phosphate, a review of historical drill results at Tundulu has
identified the presence of high-grade gallium (Ga) mineralisation from surface
• Notable significant drill intersections:
• 101m @ 1.02% TREO, 3.6% P2O5 from surface (TU030)
• 74m @ 1.55% TREO, 93.26g/t Ga2O3, 4.4% P2O5 from 72m (TU043), including 14m at 202.79g/t Ga2O3 from
89m (TU043), and the highest grade in all assays intersected within this interval at 310.46 g/t Ga2O3, 5.68%
TREO from 97m to 98m
• Quality historical data and impressive results with significant exploration upside to expand
Machinga HREE & Nb Project - Alkaline Intrusive Complex
• HREE enrichment, exhibiting high grade Nb
• Significant assay results include:
• 13m @ 0.65% TREO, 0.25% Nb from surface; incl. 1m @ 1.06% TREO, 0.37% Nb from 7m, and 1m @ 1.28%
TREO, 0.42% Nb from 9m (MR019)
• 7m @ 1.42% TREO with 0.49% Nb from 65m (MR011)
• 15.1m @ 1.01% TREO, 0.36% Nb from 23.9m incl. 4m @ 1.75% TREO, 0.63% Nb from 33m drilled downdip
(MDD007)
• Rock Chips confirm significant mineralised footprint along strike
ASX:DY6
Figures: (Top) Carbonatite outcrop at Tundulu Hill, representing
sample Tundu 1 1.8026 % TREO, Refer to ASX Announcement: 27
May 2024, Exceptional Historical Drill Results @ Tundulu . (Bottom)
Nathace Hill, Malawi
16
Contact Details
Mr Dan Smith
Executive Chairman
Mr Clifford Fitzhenry
Chief Executive Officer
DY6 Metals Ltd
Dan.smith@dy6metals.com
Clifford.fitzhenry@dy6metals.com
Perth WA 6000
ASX:DY6
ASX:DY6
Level 8, 99 St Georges Tce
www.dy6metals.com
17
Advancing Social Initiatives
DY6 Metals understands the importance of
community engagement across our projects
Engagement with key stakeholders from local
communities through to Government is ongoing
All engagements are in strong standing with
significant support for our projects and activities
The Company will advance social initiatives as we
develop these projects further
ASX:DY6
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Disclaimer
The material in this presentation has been prepared by DY6 Metals (“Company”). This presentation may not be reproduced, redistributed or passed on,
Competent Persons’ Statement - Malawi
directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval of the Company. This presentation
The information in this presentation that relates to exploration results, mineral resources or ore reserves at the Malawian projects is based on information
and the material contained in it is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a
compiled by Mr Allan Younger, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Younger is a consultant of the Company. Mr
recommendation in relation to, securities in the Company and neither this presentation nor anything contained in it shall form the basis of any contract or
Younger has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity that he is
commitment. This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction.
undertaking to qualify as a Competent Person as defined in the 2012 edition of the `Australian Code for Reporting Exploration Results, Mineral Resources and
Recipients should inform themselves of the restrictions that apply in their jurisdiction. Failure to do so may result in a violation of rules in such a jurisdiction. This
Ore Reserves’ (the JORC Code). Mr Younger consents to the inclusion of this information in the form and context in which it appears in this report. Mr Younger
presentation is not financial product or investment advice. It does not consider the investment objectives, financial situation and particular needs of any
holds shares in the Company.
investor. Before making an investment in the Company, an investor or prospective investor should consider whether such an investment is appropriate to their
The exploration results contained in this presentation were first reported by the Company in its prospectus dated 3 April 2023 and announced to ASX on 27
particular investment needs, objectives and financial circumstances, seek legal and taxation advice as appropriate and consult a financial adviser if
June 2023, 6 July 2023, 12 September 2023, 3 October 2023, 10 October 2023, 26 October 2023, 4 December 2023, 11 December 2023, 15 December 2023, 29
necessary.
December 2023, 3 January 2024, and 29 April 2025. The results were reported in accordance with the 2012 edition of the “Australasian Code for Reporting of
This presentation may contain forward-looking statements. Forward-looking statements include those containing such words as “anticipate”,
Exploration Results, Mineral Resources and Ore Reserves”. The Company confirms that it is not aware of any new information or data that materially affects
“estimates”, “forecasts”, “should”, “could”, “may”, “ideal”, “intends”, “will”, “expects”, “plans” or similar expressions. Such forward-looking statements are not
the information included in the Prospectus or these subsequent announcements.
guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond
With respect to the Tundulu Project, Mr Younger has not yet visited the site or conducted an in-depth due diligence of the data presented in this
the control of the Company, its directors and management that could cause the Company’s actual results to differ materially from the results expressed or
announcement. Mr Younger confirms the information in this market announcement is an accurate representation of the available data for the exploration
anticipated in these statements. The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied
areas mentioned herein, but that further investigation is ongoing. The Information in this report that relates to Exploration Results for the Tundulu Project is
by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these
extracted from the Company’s announcement titled: “Additional historical drilling results confirms Tundulu REE potential”, dated 27 May 2024 and
forward-looking statements. The Company does not undertake to update or revise forward looking statements, or to publish prospective financial information
announcement dated 29 April 2025. The Company confirms that it is not aware of any new information or data that materially affects the information
in the future regardless of whether new information, future events or any other factors affect the information contained in this presentation, except where
included in the above original market announcement.
required by applicable law. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of
variables and changes in underlying assumptions which could cause actual results or trends to differ materially. The Company does not make any
representation or warranty as to the accuracy of such statements or assumptions.
This presentation has been prepared by the Company based on information currently available to it. No representation or warranty, express or implied, is
made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum
extent permitted by law, none of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party,
nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including
without limitation, any liability arising from fault or negligence on the part of the Company or its subsidiaries or affiliates or the directors, employees,
agents, representatives or advisers of any such party.
Competent Person Statement - Cameroon
Cautionary Statement – Tundulu Project
Information is this release is considered as historical by nature, and while all care has been taken to review previous reports and available literature, ground
testing and confirmation work is yet to be completed by the Company. The historical laboratory analysis was conducted on a range of drill core by reputable
laboratories in South Africa. However, there is no guarantee that these results are representative of the Tundulu deposit until further sampling, drilling, assaying
and processing test work is conducted by the Company. The Company confirms that it is not aware of any new information or data that materially affects
the information included in this release.
Drilling results (Exploration Results) presented in this release have not been reported previously by the former owners and operators of the Tundulu project.
As a result, the reported Exploration Results:
Have not been reported in accordance with the JORC Code 2012 and may not conform with the JORC Code 2012.
The information contained in this announcement that relates to geological information and exploration results at the Central Rutile and Douala Basin Projects,
A Competent Person has not done sufficient work to disclose the Exploration Results in accordance with the JORC Code 2012.
is based on information compiled by Mr Clifford Fitzhenry, a Competent Person who is a Registered Professional Natural Scientist with the Council for Natural
It is possible that following further evaluation and/or exploration work that the confidence in the prior reported Exploration Results may be reduced when
Scientific Professionals (SACNASP). Mr Fitzhenry is the Company’s CEO and has sufficient experience which is relevant to the style of mineralization and type of
reported under the JORC Code 2012.
deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian
Nothing has come to the attention of the Company that causes it to question the accuracy or reliability of the former owner’s Exploration Results; but
Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Fitzhenry consents to the inclusion in this announcement of the matters
The Company has not independently validated the former owner’s Exploration Results and therefore is not to be regarded as reporting, adopting or
based on his information in the form and context in which it appears.
endorsing those results.
The exploration results contained in this presentation were first announced by the Company on 11 June 2025, 23 June 2025, 11 August 2025, and 3 September
2025. The Company confirms that it is not aware of any new information or data that materially affects the information included in these announcements.
ASX:DY6
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