Dynamic Metals Uncovers Exceptional Gold Grades at Cognac West, Sets Stage for 2025 Drilling

Exploration Breakthrough at Cognac West

Dynamic Metals Limited (ASX: DYM) has delivered a compelling update from its Widgiemooltha Project, highlighting the discovery of strong gold anomalies at the Cognac West prospect. The recent soil sampling program, comprising 191 additional samples, confirmed two robust gold anomalies, including a newly identified peak assay of 2.1 grams per tonne (g/t) gold. This reinforces the prospect’s potential as a significant gold target within a historically underexplored region.

Complementing the soil results, rock chip sampling returned extraordinary high-grade gold assays, with standout values such as 2,040g/t and 53.1g/t Au. These exceptional grades, particularly the 2,040g/t sample taken from a shallow pit, underscore the prospectivity of the quartz vein systems and mineralised structures at Cognac West.

Systematic Targeting and Drill Planning

Building on these encouraging results, Dynamic Metals completed 755 infill soil samples during the quarter, strategically spaced to refine the geometry of the gold anomalies and support drill targeting. This comprehensive dataset, integrated with detailed geological mapping and rock chip assays, has enabled the company to delineate multiple high-priority drill targets.

With exploration momentum accelerating, Dynamic is advancing preparations for Reverse Circulation (RC) drilling scheduled for early 2025. This next phase aims to validate the extent and continuity of mineralisation, potentially unlocking a new high-grade gold resource in the Widgiemooltha region.

Strategic Focus and Financial Strength

Dynamic Metals continues to focus on gold exploration at Widgiemooltha, while its lithium rights are managed through a joint venture with Mineral Resources Limited. The company’s well-capitalised position, with a cash balance of $4.7 million at the end of December 2024, provides a solid foundation to fund upcoming drilling campaigns and ongoing exploration activities.

Beyond Cognac West, Dynamic is also progressing geological modelling and target generation at the Chalice South prospect, further expanding its gold exploration pipeline. The company’s broader portfolio, including the Lindsays Project and other generative tenements, positions it well to capitalize on Western Australia’s rich mineral endowment.

Outlook and Market Implications

Dynamic Metals’ recent discoveries at Cognac West mark a significant step forward in its exploration journey, potentially transforming the Widgiemooltha Project’s gold prospects. The high-grade nature of the rock chip samples is particularly noteworthy, suggesting the presence of rich mineralised zones that warrant aggressive follow-up.

As drilling approaches, the market will be watching closely for assay results that could validate these early indications and enhance the company’s valuation. The combination of strong anomalies, high-grade surface samples, and a clear path to drilling sets a promising stage for Dynamic Metals in 2025.