Funding Boost Puts Pressure on Dynamic Metals to Deliver at Cognac West
Dynamic Metals has won a $175,000 co-funding grant from the WA Government to advance diamond drilling at its promising Cognac West gold and copper prospect, part of the Widgiemooltha Project.
- Awarded up to $175,000 co-funding grant for diamond drilling
- Grant covers 50% of direct drilling and mobilisation costs
- Recent drilling revealed encouraging gold assay results
- Cognac West prospect shows significant gold and copper potential
- 12-month timeline to complete the proposed drilling program
Government Support Boosts Exploration Ambitions
Dynamic Metals Limited (ASX – DYM) has secured a significant win with a co-funding grant of up to $175,000 from the Western Australian Government’s Exploration Incentive Scheme. This funding will support diamond drilling activities at the Cognac West prospect, a key part of the company’s Widgiemooltha Project in Western Australia. The grant covers up to half of the direct drilling and mobilisation costs, providing a welcome financial boost to the company’s ongoing exploration efforts.
Building on Encouraging Early Results
The Cognac West prospect has been the focus of extensive exploration since 2024, including soil sampling, geological mapping, and two phases of reverse circulation drilling. These efforts have identified multiple gold and copper anomalies, with assay results highlighting zones of significant mineralisation. Notably, drill holes have returned intervals such as 8 meters at 2.78 grams per tonne gold and other promising grades that underscore the prospect’s potential.
Strategic Location and Geological Complexity
Situated near major regional structures and historic mining areas, Cognac West benefits from a complex geological setting that includes felsic intrusions and second-order fault structures. This complexity, combined with historical data and recent exploration, has allowed Dynamic Metals to refine drill targets and develop a robust geological model. The company’s methodical approach aims to unlock the full potential of this underexplored area.
Looking Ahead – Drilling and Development Plans
With the grant secured, Dynamic Metals plans a four-hole diamond drilling program to test the identified gold and copper mineralisation further. The company has a 12-month window from December 2025 to complete this program, which will complement the extensive reverse circulation drilling already undertaken. Managing Director Karen Wellman expressed confidence that the government’s support validates the prospectivity of Cognac West and reinforces the company’s exploration strategy.
Broader Implications for Dynamic Metals
This grant not only reduces the financial burden of exploration but also signals external confidence in Dynamic Metals’ projects. The Widgiemooltha region, known for its rich mineral endowment, remains a hotspot for gold and critical metals exploration. Success at Cognac West could enhance the company’s resource base and attract further investment, positioning Dynamic Metals well in a competitive sector.
Bottom Line?
Dynamic Metals’ government-backed drilling push at Cognac West could be a pivotal step toward unlocking a new gold and copper resource.
Questions in the middle?
- Will the upcoming diamond drilling confirm and expand on the encouraging gold and copper assays?
- How might these exploration results impact Dynamic Metals’ resource estimates and valuation?
- Could further government or joint venture funding accelerate development beyond the current program?
