DMC Mining (ASX: DMM) – Nickel in Ravensthorpe & Fraser

ABOUT COMPANY

DMC Mining (DMM) (https://www.dmcmining.com.au/) explores nickel and base metals in Western Australia. It owns a 100% interest in the Fraser Range project and the Ravensthorpe Nickel Project.

The company was listed in December 2021 by raising $5m@20c.

CAPITAL STRUCTURE


ASX Code	Share Price	Shares	Option (In)	Market Cap	Cash/Asset ($m)
DMM	0.058	46350000		2688300	1/0


Holders No	Top 20 (Cur)	Top 20 (Pre)	Director Hold	Performance Right	Note
482	52.85%	51.83%	12.94%

FLAGSHIP ASSETS

Fraser Range Project WA

Fraser Range - Nickel - IGO, LEG, CWX, RTR, GAL

Project WA

The project costs 1.25m shares + 1m 30c options.

OTHER ASSETS

Ravensthorpe Nickel Project WA

Minimal acquisition cost

Ravensthorpe - Li, Ni, Au - GXY, MEK, MM8, OD6, NIS, BNR

Gibb River Copper Project East Kimberley WA

At far north Kimberley.

SUMMARY

The company hasn’t spent much on two projects acquisition. It issued 25.5m (55% of total issued shares) extremely long dated options at the strike price of 20c.