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discovery metals ltd (DML) Snapshot

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52 Week High
07/7/14 - A$0.07
52 Week Low
12/17/14 - A$0.01
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discovery metals ltd (DML) Details

Discovery Metals Limited is engaged in the acquisition, exploration, development, mining, and initial processing of base and precious metals in Australia and Botswana. It explores for copper, silver, gold, nickel, and manganese ores. The company’s principal project includes the 100% owned Boseto copper project located in Kalahari Copperbelt in north-west Botswana. It also has prospecting licenses covering approximately 26,150 square kilometers in Botswana. The company was formerly known as Discovery Nickel Limited and changed its name to Discovery Metals Limited in 2006. Discovery Metals Limited was incorporated in 2003 and is based in Brisbane, Australia.

473 Employees
Last Reported Date: 08/28/14
Founded in 2003

discovery metals ltd (DML) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: $405.3K
General Manager of Boseto Operations
Total Annual Compensation: $79.0K
Compensation as of Fiscal Year 2014.

discovery metals ltd (DML) Key Developments

Discovery Metals Ltd. Announces Management Changes

Discovery Metals Ltd. announced the appointment of Mr. Robert (Bob) Fulker as its Managing Director, effective from December 24, 2014. Bob is currently the Chief Executive Officer of the company, and will now assume the combined role of Managing Director and Chief Executive Officer. Mr. Ribson Gabonowe has resigned as a Non-Executive Director of the company with effect from December 24, 2014. Ribson has been a director since May 2008.

Discovery Metals Limited Announces Resignation of Russell Luxford as Non-Executive Director

Discovery Metals Limited announced that Mr. Russell Luxford has resigned as Non-Executive Director of the company with effect from December 16, 2014. Mr. Luxford has been a director since September 2013.

Discovery In Exclusive Discussions To Sell Its Boseto Copper Operation To Cupric Canyon Capital

Discovery Metals Ltd. (ASX:DML) said that it is engaged in exclusive discussions with Cupric Canyon Capital, LLC in relation to a potential sale by Discovery Metals of its Boseto Copper Operation to Cupric. Discovery Metals said, "The Company has entered into a $5 million short term working capital facility (the Facility) with Cupric. A condition to the Facility agreement grants Cupric a period of exclusivity to allow it to complete due diligence, and to allow time for both DML and Cupric to finalize and agree definitive terms of the potential Transaction." The exclusivity period extends until the earlier of the execution of a legally binding sale and purchase agreement with Cupric, and January 31, 2015. The Facility has a final termination date of August 31, 2015. Ironstone Capital are acting as advisor to DML in relation to this transaction.


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