Dynamic Metals (ASX:DYM) reports a drill rig and crew has mobilised to site in preparation of the first exploration drilling program at the Widgiemooltha Project in Western Australia.
This drilling follows an initial public offering (IPO) on the Australian Securities Exchange (ASX), which raised $7 million in December 2022.
The company says the reverse circulation (RC) program will start this week on the Dordie Far West nickel target, designed to test for Kambalda-type nickel sulphide mineralisation using geological interpretations developed by Dynamic’s specialist komatiite nickel exploration consultant.
Dordie Far West is located on the northwest margin of the Widgiemooltha dome on E15/1680 where anomalous nickel results were detected in RC drilling completed by Mincor Resources (ASX:MCR) in the late 2000s.
Dynamic’s recent geological modelling of the historic data set interpreted that the results may indicate the keel of a synform in the ultramafic stratigraphy along the komatiite-basalt contact.
Dynamic’s recent geological modelling of the historic data set interpreted that the results may indicate the keel of a synform in the ultramafic stratigraphy along the komatiite-basalt contact
Dynamic reports planning for future drill programs is well advanced with all permitting in place for drilling at the Mandilla, Higginsville, and Sunday Soak targets at Widgiemooltha.
The company is also continuing to progress its earlier stage lithium exploration programs with regional mapping and sampling for target generation across all projects.
Dynamic Metals is a new Australian-focused lithium, nickel, and gold exploration company with a portfolio of ‘future facing’ critical minerals projects. These projects include the Widgiemooltha, Lake Percy, and Deep Well projects in Western Australia.
Images: Dynamic Metals Ltd