Discovery Metals Limited

Discovery Metals Limited, was formed as Discovery Nickel Limited in May 2003 changing its name to Discovery Metals in 2006. Discovery Metals is focused on developing their nickel and copper projects in northern Botswana to create shareholder wealth through discovery and development of economic deposits in the minerals.
Discovery Metals listed on AIM in June 2007 at 18.5p per share at a market capitalisation of £17.85 million. A capital raising of £5m in September at 14.5p placed 31.6m new shares. The share price has seen a steady rise since the capital raising. They are also listed on the Australian and Botswana stock exchanges
The company's major assets are the Maun Copper Project and the Dikoloti Nickel Project in northern Botswana. There are three smaller Australian projects, two of which are joint ventured with the joint venture partners earning into 51%.