Dynamic Metals Ltd has generated dozens of gold and lithium targets across its Western Australian projects during the previous half year period, making particular progress at the Lindsays and Widgiemooltha projects.
At Lindsays, DYM identified 36 gold targets and 22 lithium targets, while at Widgiemooltha the company outlined a 3-kilometre by 2-kilometre gold-in-soil anomaly with soil grades up to 2,100 parts per billion gold and rock chips up to 2,040 g/t gold.
Dynamic also conducted a heritage survey at Deep Well and entered into a farm-in joint venture with Mineral Resources Ltd to develop the Widgiemooltha project.
Busy exploration season ahead
DYM has turned its focus to priority gold targets at the Widgiemooltha project for the near-term, with plans to drill test the Cognac West and Chalice South prospects early this year.
With a 60% stake in Widgiemooltha’s lithium rights, the company will simultaneously work to advance lithium exploration on the project alongside MinRes.
DYM will also advance its gold and lithium targets at Lindsays assess alternative exploration targets at the Deep Well project to account for heritage considerations flagged within the survey conducted there.
Dynamic believes it is well funded to continue its exploration plans, with net assets totalling $11.15 million and cash and cash equivalents of $4.67 million.
The company is also exposed to several gold, nickel and battery metal assets through various joint ventures, which include:
- Deep Well Nickel JV (80% owned by Dynamic)
- Leinster Nickel JV with Future Battery Minerals (20%)
- Torque Gold JV with Torque Metals (20%)
- Bundie Bore Gold JV with Voltaic Strategic Resources (20%)
- Prospect Ridge Magnesite JV with GWR Group (30%)