💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Dynamic Metals samples soil for lithium at Widgiemooltha prospects

Published 13/11/2023, 10:58 am
© Reuters.  Dynamic Metals samples soil for lithium at Widgiemooltha prospects

Dynamic Metals Ltd (ASX:DYM) has begun assessing the lithium, caesium and tantalum (LCT) potential of the Spargos East and Franks Find Southeast prospects at its Widgiemooltha Project in Western Australia.

Reconnaissance soil sampling is underway on areas previously identified by the company as having residual or outcrop geology.

Sampling will take 10 days to complete, according to the company’s exploration update on its portfolio in WA’s Goldfields region.

Follow-up program

At the Pioneer Dome West target, Dynamic has carried out three lines of auger sampling to follow up on the 28-kilometre lithium anomaly defined during a first-pass soil sampling in October, with assays pending.

The Pioneer Dome West tenement sits on the recently granted E15/1721 licence and covers 20 kilometres of strike along the highly prospective western side of the Pioneer Dome.

It is adjacent to Essential Metals’ Dome North Lithium Project, which hosts a mineral resource of 11.2 million tonnes grading 1.2% lithium oxide and is subject to proposed acquisition by Develop Global.

Location of all soil samples taken at Pioneer Dome West.

Data compilation

Setting its sights on new exploration grounds, Dynamic has identified 100 square kilometres of highly prospective exploration ground in a project in the Davyhurst region known as Lady Jane.

First-in-time applications have been submitted for five exploration licences in tenements that are in close proximity to Ora Banda Mining Ltd (ASX:OBM)’s Davyhurst project, where OBM recently signed a $26 million lithium joint venture with Wesfarmers (ASX:WES) Chemicals, Energy & Fertilisers.

Dynamic will conduct desktop studies and follow up geological reconnaissance to generate exploration work programs in anticipation of the Lady Jane tenement applications being granted in 2024.

The Lady Jane tenure (in blue).

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.