Dynamic Metals eyes potential partnership deals 

Dynamic Metals (ASX:DYM) will consider pursuing potential joint ventures (JVs) and/or strategic partnerships from interested third parties as part of the company’s growth strategy heading into 2024.    

Speaking to Mining.com.au, Dynamic Metals Managing Director Karen Wellman says despite only listing in January, the company is open to the idea of forming such partnerships while it continues to work on its Widgiemooltha Project in Western Australia. 

“We remain open to any opportunities and clearly this area is of a lot of interest…we are open to conversations with different parties. We’ve been too early stage for most of them until now, but hopefully, once we progress these forward, advance the projects a little bit further on, and give them a bit more confidence, then I think there’s quite a large opportunity potentially in front of us.”

Wellman notes, however that it is too early to determine how any partnerships could be structured should the company go down that route.

In the meantime, Dynamic is lining up additional drilling and further soil sampling at the project to define potential drill targets for 2024, as well as follow up on the presence of a ‘robust’ and consistent lithium trend uncovered through ongoing reconnaissance programs. 

The company recently returned the presence of lithium in soils over 100 parts per million (ppm), with peak assays of 190ppm (equivalent to 409ppm lithium oxide) from Widgiemooltha, as reported today. 

Wellman states the results definitely exceeded the company’s expectations.

Dynamic Metals is an explorer focused on advancing a ‘highly prospective’ portfolio of ‘future-facing’ critical minerals projects in Australia. 

The company’s flagship Widgiemooltha Project covers an ‘extensive’ area of 880km-square between the townships of Norseman and Kambalda. 

As of 30 September 2023, Dynamic Metals had just shy of $3.7 million cash and cash equivalents at hand, according to its latest quarterly report.

Write to Adam Drought at Mining.com.au

Images: Dynamic Metals
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.