DISCOVERY METALS LIMITED
Key Appointments To Progress Bankable Feasability Study
DML - Boseto Copper Project Update - Mr Brad Sampson, MD
Wed, 3 Sep 2008 12:30PM
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Brad Sampson
Wed, 3 Sep 2008
12:30PM Australia/NSW
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DISCOVERY METALS LIMITED (DML)
ASX 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
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Announcements from the preceding six months are shown below.
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DISCOVERY METALS LIMITED (DML) Events
Australia/NSW
DISCOVERY METALS LIMITED (DML)
| 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 |
| Ceasing to be a substantial holder | Wed, 15 Oct 2008 |
| Copper Day London Presentation | Fri, 10 Oct 2008 |
| Becoming a substantial holder | Fri, 10 Oct 2008 |
| Becoming a substantial holder | Thu, 9 Oct 2008 |
| New Plutus Resource enhances Boseto Copper Project | Mon, 6 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 MR BRAD SAMPSON, MANAGING DIRECTOR OF DISCOVERY METALS LIMITED (DML)
“Boseto Copper Project Update”
http://www.brr.com.au/event/47463
WEDNESDAY, JULY 2 2008, 3:50 PM.
BRR Good morning and welcome to Boardroomradio. Today, we’re speaking with Mr. Brad Sampson, Managing Director of Discovery Metals Limited.
10 Thanks for joining us today, Brad.
DML Thanks for having me again, Eddie.
BRR Brad, we see Discovery Metals has made some very strong developments in its Bankable Feasibility Study at the Boseto Copper Project, with the couple
15 of key appointments made for the resource consultancy and also engineering partners. Brad, who has won these tenders?
DML Yes Eddie, look we recently completed the Pre-Feasibility Study on the Boseto Copper Project and all the groups have been moved directly to the Bankable Feasibility Study and to progress the Bankable Feasibility Study we
20 needed to appoint appropriate partners to work with this. So for the Resource Modelling and Mining Engineering which we include Geotechnical out of the study, Snowden Mining Industry Consultants have been awarded the work. We’re very pleased by that because Snowden were involved with the initial resource modelling on the Boseto Copper Project and know the area
25 extremely well and has a staff of being as on site so possibly very familiar with the project and internationally respected and have very capable team. Some of the team will be based in Brisbane for that study. On the engineering side, I was initially a little concerned actually that having confirmed a contract and background, myself, I know how hard it can be at
30 different times to attract special interest in the project from the engineering companies. We actually had a very strong field of very credible, very well-known engineering companies. They were interested in working on the study with us and GRD Minproc were the successful engineering company, and we believe that GRD Minproc are really not in position to add significant value to
35 this study and get to the successful bankable feasibility outcomes that we’re looking for today. As experienced in Africa, have worked on the feasibility studies very recently with similar-sized plans and in fact some similar-sized copper plants. So we’ve been in a very good position not only to add value now for the Bankable Feasibility Study, but potentially to continue on and
40 build this plan for us upon the successful outcomes from Bankable Feasibility Study.
BRR Brad, what stages is Discovery Metals at with the environmental impact assessment?
45 DML We actually started the environmental permitting sort of the things, so environmental studies when we commenced the Pre-Feasibility Study for the Boseto Project and the process in Botswana is one that I think entirely appropriate. You go out and consult with the local communities and potential effective persons. Those consultations inform the development in terms of reference for Environmental Impact Assessment Studies. You develop those terms of reference, submit them to the Department of Environment for approval, and then, once they’re approved, you get on with the detailed studies. So we’ve worked through all of those steps, we’ve consulted with
5 (inaudible) (00:02:59)) multiple times, have listened to the feedback. They understand the project, have expressed their interest and concerns to us. The Department of Environment has approved the terms of reference for the studies and those studies are all very well progressed. So we remained on track to have all of the environmental studies completed by the end of this
10 calendar year, and that’s a very important milestone for us because having that out of that way well in advance of the completion of Bankable Feasibility put us in a very good position to build up this project as quickly as possible.
BRR Brad, the funds to technical studies, what are the activities that you’re going
15 to be occupied within the near future?
DML Besides the field of technical studies that’s also have millions, and resource definition drillings continuing at the Boseto Project, so we currently have three diamond rigs, but the drilling expect will bring either another diamond rig or a nice (inaudible) (00:03:54) rig on the side very soon and those rigs, right now,
20 are continuing to infield drill on the two to three sources also, in fact, during some extension drilling between Plutus and Petra. You may be aware from some the previous discussions that we’ve had that the Plutus prospects continuing to grow towards Petra and we continue to have very interesting intersections between those two resources. So drilling will continue. We’re
25 also continuing with our regional exploration program and recently had really exciting outcomes at Quirinus, where we went off to a new area, an area that really haven’t been explored before, and have drill-tested anomalies. We have significant anomalies there, one is 8 kilometers long and the initial drill testing highlighted that these anomalies are copper-silver minerals. They’re
30 very similar style of mineralization to what we’ve got elsewhere on the land tenement package. So the regional exploration further will continue. We’ll continue with our resource definition drilling with Boseto Project and then we personally have some promotional work to do so I’m going to get on the plane in a few minutes. I’ll be going to Africa Down Under Conference in Perth, and
35 later in the year, in December, we’ll be in London at London Money Conference, again, talking about the company. So, there’s a lot of activity Eddie and it’s going to be a busy round to the end of the year.
BRR Brad, certainly it does sound like some fantastic news coming out at
40 Discovery Metals there. We thank you for your time today and we look forward to speaking to you soon.
DML Thanks Eddie, it’s always a pleasure talking with you. Thank you.
BRR That was Brad Sampson, Managing Director of Discovery Metals Limited. If
45 you have any questions about this broadcast or any other broadcast, please feel free to contact us on brr@brr.com.au. I’m Eddie (inaudible) and thank you for listening to Boardroom Radio.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
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