Dynamic has started a 6,000m aircore drill program at its Lake Percy project to advance existing and generate new nickel and lithium targets for follow-up drilling.

The 100-hole program will drill through the weathering profile across the western ultramafic to obtain fresh rock samples for geochemical analysis which will feed into the company’s targeting model for nickel sulphides.

Dynamic Metals (ASX:DYM) will use results from this Phase-1 drill program to refine additional targets for the deeper reverse circulation drill program planned for the second phase.

Both drill programs will also provide additional information on the nature and extent of pegmatites in the region as part of its assessment of the lithium-caesium-tantalum (LCT) potential of the project.

“It is fantastic to see the drill rig turning on our second drill program since listing only seven weeks ago,” managing director Karen Wellman said.

“We are excited to be systematically exploring the Lake Percy belt and obtaining fresh data for our nickel and lithium mineralisation models, ensuring bang for our buck in the next Phase-of drilling.”

Lake Percy project and coming plans

Lake Percy consists of two exploration licence and four exploration licence applications in Western Australia’s southeastern Goldfields region about 60km east of Covalent Lithium’s Mt Holland/Earl Grey mining project.

It was previously explored by Anaconda, LionOre, Norilsk, White Cliffs for nickel, and by, Liontown Resources (ASX:LTR) for lithium.

The project hosts spodumene-bearing pegmatites at the Mt Day prospect and is the northern extension of the Lake Johnston Greenstone Belt, which hosts the Maggie Hays and Emily Ann nickel mines.

Dynamic is reviewing the project’s LCT potential and will continue mapping and sampling through March to build on the knowledge of the zoning of the Lake Percy pegmatites and refine potential lithium drill targets.

Separately, first assays from RC drilling completed last month at the Dordie Far West Prospect at the Widgemeooltha project are expected before the end of the quarter.




This article was developed in collaboration with Dynamic Metals (ASX:DYM), a Stockhead advertiser at the time of publishing.  

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.