Dynamic Metals (ASX:DYM) is lining up additional drilling for the Spargos East prospect within its Widgiemooltha Project in Western Australia, in early 2024.
The company says drilling, in conjunction with further infill soil sampling, is being planned to define potential drill targets for 2024 and follow up on the presence of a ‘robust’ and consistent lithium trend uncovered through ongoing reconnaissance exploration programs.
Dynamic reports the results from the first 300 assays returned from Spargos East as part of this previous exploration work highlight lithium in soils over 100 parts per million (ppm), with peak assays of 190ppm (equivalent to 409ppm lithium oxide).
Other key results include rubidium of up to 492ppm, tantalum of up to 57ppm, and caesium of up to 64ppm, demonstrating the potential for lithium-caesium-tantalum (LCT) mineralisation.
Up to 880 soil samples were taken at both the Spargos East and Franks Far Southeast prospects as part of the ongoing reconnaissance exploration programs across the company’s project portfolio.
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 $3.69 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Dynamic Metals
