Dynamic Metals has secured heritage and regulatory approvals to commence a targeted 13-hole drilling program at its Chalice South gold prospect, advancing exploration in a proven mineralised corridor in Western Australia.
- Heritage clearance received from Ngadju Native Title Aboriginal Corporation
- Programme of Work approval granted by Western Australian regulators
- 13-hole RC drilling planned targeting gold anomalies from 3D modelling
- Drilling scheduled for completion in September quarter
- Pending assay results from Cognac West and Courvoisier prospects
Heritage and Regulatory Milestones
Dynamic Metals Limited (ASX – DYM) has cleared significant hurdles to progress its exploration at the Chalice South gold prospect within the Widgiemooltha Project in Western Australia. The company announced it has received positive heritage clearance from the Ngadju Native Title Aboriginal Corporation, an essential step in respecting Indigenous custodianship and ensuring community support. Additionally, the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) has granted Programme of Work approval, greenlighting the planned drilling activities.
Targeting a Proven Gold Corridor
The Chalice South prospect lies along a well-established mineralised trend south of the Chalice Gold Mine, historically a prolific producer with over half a million ounces extracted. Dynamic Metals’ exploration licence covers 14 kilometres of greenstone geology within the same structural corridor that hosts this significant deposit. Leveraging a detailed 3D geological model built from historical drilling and geochemical data, the company has identified five priority targets for follow-up drilling.
Drilling Program and Broader Exploration Strategy
The upcoming Reverse Circulation (RC) drilling program comprises 13 holes designed to test gold anomalies highlighted by the modelling exercise. The program remains on track for completion in the September quarter, marking a critical phase in Dynamic Metals’ systematic exploration approach. Concurrently, the company awaits assay results from a recently completed second phase drilling at the Cognac West prospect and soil sampling at the Courvoisier prospect, both within the Widgiemooltha Project area. These results will feed into ongoing geological modelling and help refine future exploration priorities.
Community Engagement and Forward Outlook
Managing Director Karen Wellman emphasised the importance of the Ngadju community’s support and the company’s commitment to responsible exploration practices. The heritage clearance and regulatory approvals not only enable drilling to proceed but also reflect Dynamic Metals’ proactive engagement with stakeholders. As the company advances its exploration programs, investors will be watching closely for assay results and any signs of significant mineralisation that could unlock value in this historically rich gold region.
Bottom Line?
With heritage and regulatory approvals secured, Dynamic Metals is poised to unlock new gold potential at Chalice South, setting the stage for a pivotal exploration quarter.
Questions in the middle?
- What will the upcoming assay results from Chalice South reveal about gold grades and continuity?
- How might findings at Cognac West and Courvoisier influence Dynamic Metals’ exploration focus and capital allocation?
- What are the potential timelines and milestones for advancing from exploration to resource definition in the Widgiemooltha Project?