Dynamic Metals fires up WA gold exploration pipeline

West Australian explorer Dynamic Metals has fired up its West Australian gold exploration program after securing key approvals for government co-funded diamond drilling at the company’s Cognac West prospect.

Completion of first-pass soil sampling campaigns has also delivered encouraging gold anomalism at its Leinster and Lady Jane projects.

The company says its systematic workflow to date highlights its disciplined approach to building robust geochemical and geological datasets in under-explored, highly prospective terranes.

At the Cognac West gold prospect, which forms part of its Widgiemooltha project, Dynamic has secured program of work (PoW) approval from the West Australian government’s exploration incentive scheme (EIS). Highly prized by juniors, the EIS provides partial funding for exploration in the State.

The government grant of up to $175,000 will cover up to 50 per cent of eligible drilling and mobilisation costs for a four-hole diamond program to test structurally controlled gold and copper mineralisation beneath areas of limited historical drilling and transported cover.

The diamond drill bit will target second-order structures close to a late-stage felsic intrusion that lies east of the locally significant Republican Thrust.

Previous exploration by Dynamic, including soil geochemistry, mapping, rock chip sampling and reverse circulation drilling, has built strong targeting confidence.

Notably, 2025 reverse circulation drilling returned a standout hit of 8m assaying 2.78 grams per tonne (g/t) gold and 1m assaying 1.06 per cent copper, supporting the interpretation of a robust gold-copper system.

The drilling start date is currently subject to contractor availability, with up to 12 months permitted under grant conditions to complete the program.

At the company’s Leinster gold project, six kilometres south of Agnew and 370km north of Kalgoorlie, Dynamic has completed a first-pass soil sampling program, involving around 450 samples collected on 200m-spaced east-west lines at 50m intervals.

Sampling results have defined a coherent gold-in-soil anomaly at the Risdon prospect, with a peak value of 1.43 parts per million (ppm) gold recorded about 100m west of the westernmost historical drill line.

Multiple samples above 0.1ppm gold have formed a locally linear trend within elevated background values and areas of outcrop or residual soils.

Importantly, the company says gold anomalies one kilometre northwest of the primary response cluster show no relationship to topography, suggesting they may be sourced from primary bedrock rather than from mechanical dispersion.

By integrating the results with its 2024 drone-borne magnetic survey, the company has identified dominant northwest–southeast structural trends, with several geochemical anomalies running subparallel to the interpreted structures.

The company believes the anomalies and their apparent structural associations warrant further geological assessment as priority follow-up targets.

At its Lady Jane gold project, Dynamic’s regional soil sampling is progressing across two exploration licences, based on similar grid lines spaced 200m apart, with sampling at 50m intervals along the lines.

The program aims to generate systematic first-pass soil geochemistry over areas of shallow transported cover and limited outcrop.

In the northernmost licence, sampling across thin, shallow cover has been designed to test a structural corridor linked to the big Ida Fault system, including extensions to broad historical gold anomalism to the north. The work should help the company better define the continuity and geometry of mineralisation across this structurally complex zone.

In the southern licence area, the same program is being used to infill and extend across a historic auger anomalism dataset outlined by earlier explorers, including Evolution Mining.

The target geology includes northeast-trending ultramafic and mafic units in faulted contact with granite, close to the interpreted alignment of the regionally significant Zuleika Shear. Assays from Lady Jane are pending, with results to be reviewed upon receipt.

With EIS co-funding locked in and a work program approved for deeper diamond drilling at the promising Cognac West prospect, coherent new gold-in-soil anomalies taking shape at Leinster and systematic regional sampling progressing at Lady Jane, Dynamic Metals is steadily assembling a pipeline of drill-ready gold targets across its strategic WA portfolio.

This disciplined, data-driven approach across multiple highly prospective positions leaves the company well placed to translate groundwork into potential discoveries as several programs move towards drilling in the months ahead.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au