Widgiemooltha Drilling Yields 8m at 2.78g/t Gold and 1m at 1.06% Copper

Exploration Advances at Widgiemooltha

Dynamic Metals Limited (ASX, DYM) has delivered a robust quarterly update for the period ending 30 September 2025, highlighting significant progress across its flagship Widgiemooltha Project in Western Australia. The company’s recent reverse circulation (RC) drilling programs at the Cognac West and Chalice South prospects have yielded encouraging gold and copper assay results, reinforcing the area’s potential as a polymetallic exploration hotspot.

At Cognac West, Phase 2 drilling confirmed broad gold mineralisation with standout intercepts such as 8 metres at 2.78 grams per tonne gold, including a higher-grade 4 metres at 5.04 grams per tonne. Notably, copper anomalism was identified for the first time at this prospect, with assays up to 1.06% copper over 1 metre, suggesting a more complex mineral system than previously understood. These findings have prompted ongoing structural and geophysical studies to unravel the relationship between gold and copper mineralisation and to guide future drilling.

Chalice South and Courvoisier, New Frontiers

Dynamic Metals completed a 13-hole RC drilling campaign at Chalice South, targeting gold anomalies derived from 3D modelling of historical data. While assay results are pending, the program marks a critical step in testing extensions of the nearby Chalice Gold Mine’s mineralised corridor. Concurrently, a comprehensive soil sampling program at the Courvoisier prospect has delineated a coherent gold-in-soil anomaly exceeding 50 parts per billion over several hundred metres, spatially linked to a major structural fault known as the Republican Thrust. This anomaly bolsters confidence in the prospect’s bedrock mineralisation and sets the stage for potential drill testing.

Strategic Joint Venture Enhances Lithium Focus

In a key corporate development, Dynamic Metals formalised its joint venture agreement with Mineral Resources Limited (ASX, MIN), refining terms to extend the Stage 2 earn-in period by two years to six years total and reducing the expenditure commitment from AUD 15 million to AUD 14 million. This adjustment provides Mineral Resources with additional time to advance lithium exploration within the Widgiemooltha Lithium Joint Venture, while Dynamic retains full ownership of non-lithium minerals on certain tenements. The JV remains a cornerstone of Dynamic’s strategy to unlock value across precious and critical metals.

Financial Position and Outlook

Dynamic Metals closed the quarter with a healthy cash balance of AUD 3.06 million, supporting ongoing exploration activities across its portfolio. The company’s disciplined expenditure, including payments to related parties totaling AUD 109,000, reflects a focused approach to advancing drill-ready targets while maintaining financial prudence. With multiple projects progressing and assay results forthcoming, Dynamic is well positioned to build on its recent momentum.