New samples from Dynamic’s Dordie Far West project are adding weight to the argument that the company’s onto a new Kambalda style deposit. Pic via Getty Images.
Mining
Dynamic Metals is steadily proving the prospectivity of its flagship Widgiemooltha nickel project, with new samples from its Dordie Far West project confirming its status as a potential new Kambalda style deposit.
Since 1966 Kambalda and its sister town of Widgiemooltha in WA’s eastern Goldfields has been the place to be for hunters of high grade nickel sulphide, home to around 1.5Mt of production over more than 50 years.
1m samples from a five-hole RC drilling campaign have come back with similar widths but stronger nickel values at shallow depths to previous samples, with strong anomalous cobalt grades of up to 0.5% also bolstering Dynamic Metals (ASX:DYM) confidence in the economic potential of the Widgiemooltha project.
Updated drill hits after the 1m RC samples flew in from the lab include:
Those build on thick high grade assays from 3m composite samples from the program.
Another two RC holes are planned to the south-west, testing for the extension of the mineralisation at DFW into fresh rock, expected to be completed this quarter subject to permitting and land access.
If you’re looking for high-grade nickel sulphides the Kambalda komatiites are where you want to be.
DFW is hosted on the north-west margin of the Widgiemooltha Dome on a tenement called E15/1680.
Importantly, it has previously been in the portfolio of the region’s major player Mincor Resources (ASX:MCR), which hit anomalous nickel in the late 2000s.
Mincor is now off the market after Wyloo Metals, the private investment vehicle of Aussie uber-billionaire Andrew Forrest, made a play to acquire the nickel producer at a value of $760 million.
It’s a deal that illustrates just how strong the growing demand is for nickel and cobalt sulphides – like those Dynamic Metals is seeking at Widgiemooltha – in the new electric age.
Dynamic’s 736m program was undertaken on four sections at DFW over a strike length of around 300m.
“Importantly, the thick widths and high-grade tenor intersected in Dynamic’s drilling compare favourably with the historic drilling, confirming and enhancing the potential for significant mineralisation along this trend,” the company said.
Meanwhile, DYM is wrapping up a drilling program at its Lake Percy project this week, obtaining fresh rock samples of the bedrock geology to conduct geochemical analysis highlight areas of potential nickel mineralisation.
The study will also provide information on the nature and extent of pegmatites in the region, with DYM sitting on ground believed to be prospective for another battery metal, lithium.
This article was developed in collaboration with Dynamic Metals, 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.
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