Drill target exploration work is ongoing across prospective lithium deposits. Pic via Getty Images.
Lithium target generation underway at Dynamic Metals’ WA Goldfields projects
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- Soil sampling underway at Widgiemooltha lithium project
- Initial studies commenced at Lady Jane, neighbouring Wesfarmers’ Davyhurst lithium JV
- Augur results from sampling at Pioneer Dome on their way
Special Report: Dynamic Metals is dialling in on lithium drill targets at the Widgiemooltha, Lady Jane and Pioneer Dome projects in the Tier-1 WA Goldfields region.
The Goldfields might need a name change with all the hotbed of activity going on proving up lithium and other critical minerals projects. Dynamic Metals (ASX:DYM) is right in the mix with four prospective tenement areas in the vicinity of major exploration and mining projects.
These include Wesfarmers’ (ASX:WES) and Ora Banda’s (ASX:OBM) nearby Davyhurst JV as well as Essential Metals’ (ASX:ESS) Dome North lithium project.
Other lithium deposits, including the Mt Marion, Bald Hill, and Buldania projects, are all within 25km of DYM’s tenure.
Latest movements
At Widgiemooltha, an exploration team is currently completing reconnaissance soil sampling at the Spargos East and Franks Find Southeast lithium prospects with areas that contain residual or outcrop geology.
It recently uncovered a monster 2.8km-long lithium anomaly next door to ESS’ 11.2Mt @ 1.2% Li2O Dome North.
The program will assess the lithium, caesium, tantalum (LCT) pegmatite potential of the two prospects and is anticipated to take 10 days to complete.
At Pioneer Dome, assays are pending from augur sampling carried out last month at an identified 2.8km lithium entrenched trend.
Over to Lady Jane, comprised of 100km2 of prospective exploration ground near Davyhurst, data is being compiled and reviewed for further exploration.
DYM has first-in-time applications for five exploration licenses in close proximity and will conduct desktop studies and reconnaissance to generate exploration work programs in anticipation of the tenement applications being granted next year.
“Dynamic holds an enviable land and cash position where we have several highly prospective lithium assets to explore,” Karen Wellman told Stockhead
“We are systematically working through the projects to fully understand their potential which will then feed into our exploration schedule for the next 12 months.”
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.
