Mining
Dynamic Metals is the successful spin-off from Jindalee Resources Limited (ASX:JRL) and raised its maximum subscription of $7M in its IPO in December 2022. Dynamic is progressing exploration across its portfolio of projects in the critical minerals space in Western Australia including the Widgiemooltha Lithium-Nickel-Gold Project, the Lake Percy Lithium-Nickel Project and the Deep Well Nickel-Copper-PGE Project.
The flagship project, Widgiemooltha, covers an extensive area of approximately 880km2 extending between Norseman and Kambalda. The region is well known for its numerous nickel and gold mines, but more recently has emerged in significance for its lithium mineralisation and prospectivity.
Located approximately 100km to the west of Widgiemooltha is the Lake Percy Project, which covers the northern extension of the Lake Johnson greenstone belt and hosts several nickel mines and lithium prospects.
The Deep Well Project is 80% owned by Dynamic, and is located in the Murchison Region of Western Australia. Outcropping gossans were identified at Deep Well in 2020 and remain untested by drilling.
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