Cameroon Overview
On 24 April 2025, the Company announced the execution of a binding agreement to acquire a 100% interest in two large and highly prospective rutile and heavy mineral sands (HMS) projects in Cameroon (Acquisition). The Acquisition will see DY6 acquire Aardvark Minerals Pty Ltd and EKOM Metals Pty Ltd, which together hold the 11 exploration permits and applications through their wholly owned Cameroonian subsidiaries (Table). The Company completed the Acquisition on 13 June 2025.
Why Rutile?
Rutile is highly sought-after by end users as it is the purest, highest-grade naturally occurring form of titanium. Titanium serves a range of industrial markets due to its remarkable properties. Titanium is highly corrosion resistant and chemically inert while offering a high strength-to-weight ratio. In its form as titanium dioxide, titanium feedstock is also essential for pigment manufacturing, for example in paints and paper. Titanium is used extensively in aerospace, defence, healthcare, and technology applications, due to its inherent properties.
With the ongoing depletion of reserves of existing operations as well as declining ore grades, global rutile supply is projected to decline sharply. Outside of Sovereign Metals’ Kasiya Rutile Project in Malawi there are limited new deposits forecast to come online in the near term.
Table: Tenement Details
| Tenement Name | Project Name | Holder | Application Date | Area | Granted Date |
| Mungo | Douala | Rhino Resources Ltd |
29/06/2022 |
483Km2 |
14/12/2022 |
| Mbanga | Douala | Rhino Resources Ltd |
29/06/2022 |
468Km2 |
14/12/2022 |
| Maleke | Douala | Rhino Resources Ltd |
30/01/2024 |
491Km2 |
N/A |
| Diwong | Douala | Rhino Resources Ltd |
30/01/2024 |
484Km2 |
N/A |
| Mbongo | Douala | Rhino Resources Ltd |
30/09/2022 |
214Km2 |
N/A |
| Edea Sud | Douala | Rhino Resources Ltd |
29/06/2022 |
440Km2 |
14/12/2022 |
| Nganda | Central |
Gorilla Mining Ltd |
19/02/2025 |
396Km2 |
N/A |
| Nsimbo | Central |
Gorilla Mining Ltd |
19/02/2025 |
495Km2 |
N/A |
| Kombo | Central |
Gorilla Mining Ltd |
19/02/2025 |
460Km2 |
N/A |
| Bounde | Central |
Gorilla Mining Ltd |
19/02/2025 |
425Km2 |
N/A |
| Alamba | Central |
Gorilla Mining Ltd |
19/02/2025 |
348Km2 |
N/A |