Dynamic Metals (ASX:DYM) has identified 18 gold targets and five lithium targets that it will prioritise following desktop studies at the Lindsays Project in Western Australia.
In total the desktop studies generated 36 gold targets, with 18 selected as a priority for reconnaissance fieldwork, alongside 22 lithium targets, with five selected for field assessment.
Dynamic Metals, which has a market capitalisation of $8.57 million, intends to complete fieldwork in the coming quarter, with the aim being to confirm surficial geology through mapping and sampling to determine priority for drill testing.
The information found will be used to constrain, refine, and prioritise permitting activities, in preparation for the next phase of exploration.
Further, the company continues to expand its exploration target inventory via a methodical and systematic approach to its generative tenure in Western Australia.
Historically, no lithium specific exploration work has been undertaken at the Lindsays Project. However, the company notes Northern Star Resources (ASX:NST) completed multielement assaying, as part of its broad traverses which has been used in parallel with geological logging for target generation.
Over the last 12 months, Dynamic Metals has been granted three tenements covering 300km2 of the Lindsays Project, which lies 60km northeast of Kalgoorlie. The project covers a portion of the Norseman-Wiluna greenstone.
Dynamic Metals is a mineral explorer focused on advancing underexplored areas prospective for minerals needed for decarbonisation efforts and growing the battery minerals market.
Write to Aaliyah Rogan at Mining.com.au
Images: Dynamic Metals
