Dynamic Metals (ASX:DYM) is in the final preparation stages for a reverse circulation (RC) drilling program at the D3 and D5 nickel prospects within its Widgiemooltha Project in Western Australia.
The $11.51 million market capitalisation company has planned 12 RC holes for 1,600m of drilling. The aim of the program is to directly test for fresh rock nickel sulphide mineralisation associated with the ‘basal contact’ at both prospects.
Drilling is expected to begin by the end of this month and is estimated to be completed before the end of Q3 2023.
Dynamic says it has interpreted the position of the basal contact at D3 and D5 through fieldwork completed to date, as well as aeromagnetic and surface geochemistry.
The company adds that confirming this interpretation through deploying RC drilling is considered a ‘high priority’ for Dynamic due to the strength of coincident geochemical and geophysical anomalies in a globally ‘significant’ nickel province.
Meanwhile, Dynamic is expecting to finish a ‘large’ regional lithium soil sampling program at the Pioneer Dome prospect this week. Assays are expected within 2 months.
In addition, the company is still awaiting assays from the aircore drilling programs conducted at the Sunday Soak, Higginsville, and Mandilla areas.
Dynamic Metals is an exploration company focused on its portfolio of critical minerals projects in Australia. The Widgiemooltha Project covers an area of 880km-square extending between Norseman and Kambalda.
As of 30 June 2023, the company had $4.41 million cash at hand, according to its latest quarterly report.
Images: Dynamic Metals Ltd
