Dynamic Metals (ASX:DYM) Gold Exploration Update

Dynamic Metals Limited (ASX:DYM) has identified a new strong gold anomaly with a peak assay of 2.1g/t gold in soils at the Cognac West prospect. The company has completed 191 additional soil samples and engaged an exploration contractor to commence infill soil sampling mid-October. Dynamic Metals is well-funded for exploration after receiving $4M from Mineral Resources as part of the Widgiemooltha lithium joint venture.

Executive Commentary on Gold Exploration Activities

The latest findings from our gold exploration at the Cognac West prospect reinforce our measured approach of systematic exploration, integrating historical data with recent soil sampling to enhance and define exploration targets. We are optimistic that these promising results, combined with our location adjacent to leading gold producers, emphasize the potential for major discoveries within our tenure. By consistently incorporating high-quality geological data into our analysis, we are building a robust foundation for future exploration and eagerly anticipate starting drilling activities on these targets in early 2025.

Summary of Gold Exploration Update

Dynamic Metals (ASX:DYM) has identified a new strong gold anomaly at the Cognac West prospect, demonstrating the company's systematic and methodical approach to gold target generation. The company is well-funded for exploration after receiving $4M from Mineral Resources as part of the Widgiemooltha lithium joint venture. The high-grade results from soil samples spaced at 50 to 100m intervals indicate the potential for major discoveries within the company's tenure. Dynamic Metals is eagerly anticipating starting drilling activities on these targets in early 2025, reflecting its commitment to future exploration and potential discoveries.