Dynamic Metals Unveils Promising Gold Drilling Results at Widgiemooltha

Exploration Momentum at Widgiemooltha

Dynamic Metals Limited (ASX – DYM) has delivered a robust quarterly update highlighting promising progress in its gold exploration activities at the Widgiemooltha Project in Western Australia. The company’s Phase 1 reverse circulation (RC) drilling at the Cognac West gold prospect yielded encouraging assay results, including intercepts such as 8 metres at 2.87 grams per tonne gold, with a higher-grade 4-metre section at 5.37 grams per tonne. These results underscore the prospect’s potential within a region historically known for significant gold mineralisation.

Building on this momentum, Dynamic Metals completed a Phase 2 drilling campaign comprising 19 RC holes aimed at expanding and refining the geological model around the initial mineralised zones. While assay results from this follow-up drilling remain pending, the program’s completion marks a critical step in advancing the project’s exploration profile.

Expanding the Gold Footprint

Beyond Cognac West, the company has undertaken a comprehensive soil sampling program at the Courvoisier prospect, located approximately 4.4 kilometres north. This campaign involved collecting 385 samples for multielement analysis, with assay results expected shortly. The initiative reflects Dynamic Metals’ systematic approach to exploration, leveraging geochemical data to identify new targets within the structurally complex Republican Thrust fault zone.

Meanwhile, at the Chalice South prospect, Dynamic Metals secured all necessary approvals and completed heritage clearance surveys in collaboration with the Ngadju Native Title Aboriginal Corporation. The company is poised to commence a 13-hole RC drilling program targeting gold anomalies identified through 3D modelling of historical data, with drilling anticipated to conclude in the September quarter. This planned activity signals a strategic push to unlock value in a region adjacent to the historically productive Chalice Gold Mine.

Financial Position and Corporate Outlook

Financially, Dynamic Metals remains well positioned to support its exploration agenda, closing the quarter with $3.15 million in cash. An additional $1 million was received shortly after quarter-end from deferred consideration related to a transaction with Mineral Resources Limited. The company’s prudent capital management ensures it can sustain its active exploration programs across multiple projects, including gold, lithium, and nickel targets within Western Australia.

Dynamic Metals continues to leverage its extensive portfolio and joint venture arrangements to maintain exposure to critical and precious metals, balancing self-funded exploration with partnerships that share risk and reward. The company’s experienced management team and focused strategy underpin its efforts to advance high-quality prospects toward resource definition.

As assay results from Phase 2 drilling and soil sampling become available, market participants will gain clearer insights into the scale and grade of mineralisation at these key prospects. Dynamic Metals’ ongoing exploration activities and solid financial footing position it well to capitalize on emerging opportunities in a competitive resource landscape.