Dynamic Metals Limited announced the completion of its first drill program since the company successfully fulfilled its Initial Public Offering (IPO) in January 2023. Five Reverse Circulation (RC) holes were drilled for a total of 736m at the Dordie Far West nickel prospect. Drilling was undertaken on four sections over a strike length of approximately 300m.

The drill program was designed to test for Kambalda komatiite type massive sulphide mineralisation which is interpreted to occur where the base of the komatiite stratigraphy is in contact with the underlying basalt, known as the `basal contact'. Two of the five drillholes intersected the basal contact and all samples have been submitted to the laboratory in Kalgoorlie for analysis. This is the first of four fully permitted drill programs expected to be completed at the Widgiemooltha Lithium-Nickel-Gold Project during the first half of 2023, in addition to a regional Air Core (AC) program at the Lake Percy Lithium-Nickel Project.

Next Steps: Whilst the Dynamic team await the assays for Dordie Far West, preparations and logistics for AC drilling at the Lake Percy Project are being finalised. This will be a 100-hole program testing 5 nickel targets on the northern extension of the Lake Johnson greenstone belt. Additionally, key geochemical data will be acquired in this program that will feed into geological modelling for targeting prospective Lithium-Caesium-Tantalum pegmatites in the region.

This program is expected to commence in the coming weeks.