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Dynamic Metals bolsters lithium pipeline with new licence at Widgiemooltha Project

Published 16/06/2023, 09:29 am
Dynamic Metals bolsters lithium pipeline with new licence at Widgiemooltha Project
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Dynamic Metals Ltd (ASX:DYM) has added about seven kilometres of highly prospective nickel exploration land to its Widgiemooltha Project in Western Australia’s Goldfields region.

The nickel, lithium and gold explorer has generated three nickel targets on the newly-granted E15/1753 tenement, for which a Program of Work application has been submitted to the Department of Mines, Industry Regulation and Safety (DMIRS).

The Widgiemooltha Project totals 850 square kilometres and is 550 kilometres east of Perth.

The area has recently emerged as a significant lithium belt with three lithium-caesium-tantalum (LCT) pegmatite-related mines developed in the past few years.

Dynamic’s tenure is within 25 kilometres of the Mt Marion, Bald Hill and Buldania projects.

Widgiemooltha tenements with nickel mining operations, prospects and targets. Recently granted E15/1753 in light blue.

Aircore program

Separately, the explorer has completed an aircore campaign at Widgiemooltha to test three gold and nickel prospects across the project area.

Samples from 48 drill holes for 2,099 metres have been sent to the laboratory in Kalgoorlie for assaying, with results anticipated in late July.

Summary of the aircore campaign.

Soil sampling

Dynamic has also accelerated plans to complete a large soil sampling program at the newly-granted Chalice South (E15/1721) tenement to explore the lithium prospectivity at Pioneer Dome West.

The program will collect geochemical data to generate drill targets for a campaign expected to commence in the first quarter of next year.

Chalice South is adjacent to Essential Metals' Dome North Lithium Project, which hosts a mineral resource of 11.2 million tonnes at 1.2% lithium.

Read more on Proactive Investors AU

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