DISCOVERY METALS LIMITED
DML - BFS Infill Drilling at Boseto - Mr Brad Sampson, Managing Director
Wed, 24 Sep 2008 05:30AM
Click to listen to audio on your default player or
Download the latest version of the Flash Player
Brad Sampson
Wed, 24 Sep 2008
05:30AM Europe/London
Wed, 24 Sep 2008
03:30PM Australia/NSW
Boardroom Radio Tools
Select a tab above to display more information
DISCOVERY METALS LIMITED (DME)
Ticker code: DML,DME
Website: http://www.discoverymetals.com.au
Industry: Materials,Nonferrous Metals
Principal Activities:
Exploration for nickel and copper deposits in Botswana and Australia.
Address:
410 Queen Street, Level 8
BRISBANE
QLD
Phone: (07) 3218 0222
Fax: (07) 3218 0233
Executives & Directors
Mr Gordon Galt , Chairman
Mr Stuart Bradley Sampson , Managing Director
Mr Ribson Gabonowe , Director
Mr Jeremy Read , Non Exec. Director
Mr Morrice Cordiner , Non Exec. Director
Mr John Shaw , Non Exec. Director
Mr Paul Fulton , CFO
Mrs Roslynn Shand , Company Secretary
Company Podcasts
Subscribe to current and future audio events for this company by clicking on the podcast icon:
Company ASX Announcements
Company ASX announcements can be viewed on the ASX website.
Announcements from the preceding six months are shown below.
Please refer to the relevant stock exchange if any of the above information is incorrect
DISCOVERY METALS LIMITED (DME) Events
Europe/London
DISCOVERY METALS LIMITED (DME)
| Appendix 3B | Wed, 31 Dec 2008 |
| Change in substantial holding from MQG | Wed, 31 Dec 2008 |
| Copper Grade increased 22% upgraded Zeta Mineral Resource | Thu, 18 Dec 2008 |
| Appendix 3B | Mon, 15 Dec 2008 |
| Change of Director`s Interest Notice x 3 | Mon, 15 Dec 2008 |
| New geochemical anomaly - extension of Petra Prospect | Wed, 26 Nov 2008 |
| Results of 2008 AGM | Tue, 18 Nov 2008 |
| Quarterly Activities Cashflow reports 30 September 2008 | Fri, 31 Oct 2008 |
| Notice of AGM and Annual Report | Wed, 22 Oct 2008 |
| Renewal of Tenements for Boseto Copper Project | Tue, 21 Oct 2008 |
Please note: This company appears on this website as a result of its listing on the Australian Securities Exchange. Boardroom Radio does not claim any association with any company listed on this site.
INTERVIEW WITH BRAD SAMPSON, MANAGING DIRECTOR OF DISCOVERY METALS LIMITED (DML)
“DML - BFS Infill Drilling at Boseto”
http://www.brr.com.au/event/51706
WEDNESDAY, SEPTEMBER 24, 2008, 3:30 PM.
BRR Today, Boardroom Radio welcomes the Managing Director of Discovery Metals, Mr. Brad Sampson. Brad, thanks for your time.
10 DML Good morning, Cameron. Thanks for having me.
BRR Brad, you’ve just released an ASX announcement on your Boseto Project. First of all, that’s a very significant result at the Boseto Copper Project in Botswana. Can you tell us a little bit more about these results, please?
15 DML Absolutely, Cameron. The results of our release yesterday relate to an infill drilling program that’s been underway at the Plutus prospect. All of the holes that were released yesterday, they all sit within the existing resource envelope at Plutus. Plutus is one of the three zones of mineral resource that we have at the Boseto project and all of the holes that we’ve released
20 yesterday sit within that existing resource envelope. I guess the importance of those is that it’s an infill drilling program, so we started off with daily wide-spaced drilling at average of 500 metre-spaced drill sections. Over the last 12 months, we’ve been working through the Zeta, Petra and Plutus Resources to infill closer to 200- and in some cases close to 100 metre-spaced drill
25 sections.
Some of the results that came out yesterday are very encouraging. One of the holes, PSDD280, was 6.5 metres at 2.1% copper and almost 25 grams per tonne silver. Another one, PSDD282, 13 metres at 2% copper and 20
30 grams per tonne silver. What’s encouraging for us has been that this particular set of drill holes had almost all returned thicknesses and grades better than the average grade of the Plutus Resource, so that bodes very well for when we remodel the Plutus Resource which is currently underway.
35 BRR Just a background, please, on the Boseto Project?
DML Absolutely. The Boseto Project sits in North Western Botswana. It’s part of the Kalahari Copper Belt, a significant extension of the Zambian Copper Belt that runs right across the north western corner of Botswana and off into Namibia. We have a very large land position. We have the largest land
40 position of any company in the area, fairly dominant land position right across the north western corner Botswana and major chunk of what’s called the Kalahari Copper Belt.
The Boseto Project sits on one of the 14 tenements that we hold in that area.
45 The company has been working on those tenements now for a number of years; completed the pre-feasibility study on the Boseto Project in the middle of this year, so completed that in June, announced results in July, very promising results coming out of the pre-feasibility study indicating economically and technically viable project, and we believe pretty robust outcomes from the pre-feasibility study on the back of a fairly conservative approach to the pre-feasibility study that we’ve had. A very important milestone that we passed was completion of the pre-feasibility study. We’ve continued with the drilling program at Boseto and have now commenced the
5 Bankable Feasibility Study on that project. At Boseto, we currently have 49 million tonnes in resource at 1.2% copper -- it’s a mixture of Indicated and Inferred Resource at Boseto Project.
So we have passed a very important pre-feasibility milestone, have gotten on
10 with the Bankable Feasibility Study in a timing that we’d always indicated that we would, continuing the drilling program, and we expect to have the Bankable Feasibility Study completed in the middle of 2009. At this stage, absolutely targeting the development of the project immediately following a successful Bankable Feasibility outcome and envisage the earliest
15 commissioning of our copper concentrator at the start of 2011. We believe it’s a very exciting project. It is the project on which the company is totally focused at the moment.
BRR Brad, we wish you well at the Boseto Project and know that we’ll speak again
20 with you soon as development unfolds.
DML Yes, thanks, Cameron. I appreciate the chance to talk with you this morning.
BRR That’s been Brad Sampson, the Managing Director of Discovery Metals speaking to us on Boardroom Radio.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
DISCLAIMER: Transcripts made available by Boardroomradio.com is a free service whereby the transcripts are created by one or more third party contractors without any involvement or oversight by Boardroomradio.com or the respective company, firm, partnership or individual that is being transcribed. Boardroomradio.com and its contractors, client companies, firms, partnerships and guest speakers (paid or otherwise) do not invite reliance upon, nor accept responsibility for, the information they provide. Boardroomradio.com makes every effort to provide a high quality service. However, neither Boardroomradio.com, its transcript providers, nor the providers of any other written or oral data made available on the Boardoomradio.com site (and its partner sites) give any guarantees, undertakings or warranties concerning the accuracy, completeness or up-to-date nature of the information provided. Users should confirm information from another source if it is of sufficient importance for them to do so. Boardroomradio.com, its directors and employees do not accept any liability for the results of any actions taken or not taken on the basis of information in this site, or for any negligent misstatements, errors or omissions.
