DMC Mining Limited update the market on a review the Company has recently completed. The review included historical open-source exploration data (WAMEX) and satellite spectral image processing for Li (Lithium) targeting within the Fraser Range tenement package (tenements). The area surrounding the tenement package to the south show several Li occurrences giving credence of the potential for the area. Historical exploration over the area has been strongly focused on gold, however some available datasets did include multi-element geochemistry data to support DMC's observations that geological units within the Fraser Range tenement package could have potential to host pegmatites. This is supported with pegmatite observations on geological maps/drill logs surrounding the DMC tenements but also suggests cover could be masking outcrop observations more regionally. Over 31,000 historical geochemical data points were reviewed from the region to develop a detailed understanding of some of the geochemical relationships. These sample points covered all key geological units, contacts, and structures however only approximately 20% of these points fall within the DMC tenement package. Given the sparse geochemical data, spectral processing over the tenements was completed to
understand if there is a spatial relationship between spectral responses and known surrounding Li occurrences. Sentinel-2 unmixing VNIR/SWIR imagery was used in multivariate analysis to classify each pixel and weight its Li potential given the spectral responses relative to these known surrounding occurrences. These classification methods incorporate the top 16 unmixed endmembers to known mineral absorption wavelength libraries from the United States Geological Survey. The classes are defined at a pixel scale and 10m pixel resolution is available from the Sentinel-2 satellite.