DNI - Madagascar Project #2 Marafody

DNI’s Second Madagascar Graphite Project – Marafody PE8904

On July 26, 2017, the Company entered into a non-binding agreement (“LOI”) to buy a property in Madagascar called the Marafody property. The purchase price for Marofody is U$1,650,000 cash, payable as follows:

  1. USD $100,000, upon signing the LOI
  2. USD $550,000 shall be paid in 60 days,
  3. USD $1,000,000 shall be paid in 90 days.

Stick and puck

3 holes were drilled in 2016, by previous owners (not to NI-43-101 standards)

Drilling intercepts on Marafody

Over 600 m of trenching completed in 2016, by previous owners.

Marafody

Madagascar Permits