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Dynamic lights up lithium anomaly at Widgiemooltha

Updated: Apr 19


Graduate geologist Henry Visser soil sampling at Dynamic Metals’ Pioneer Dome West prospect. Credit: File

A reconnaissance soil sampling program at Dynamic Metals’ Widgiemooltha project has lit up an intriguing 2.8km-long lithium anomaly at its Pioneer Dome West prospect.


Located within Western Australia’s evolving East Yilgarn lithium corridor, the Widgiemooltha area plays host to a stellar cast of lithium deposits led by Mineral Resources’ Mt Marion deposit with 71.3 million tonne at 1.4 per cent lithium oxide. Other notable mentions include the 26.5 million tonne Bald Hill deposit that is set to join MinRes’ mounting lithium portfolio, along with Liontown Resources’ 14.9 million tonne Buldania deposit.


Dynamic’s Pioneer Dome West prospect is also within earshot of junior explorer Essential Metals’ Dome North lithium project that hosts a mineral resource of 11.2 million tonnes averaging 1.2 per cent lithium oxide.


Essential Metals is the subject of a proposed $102 million acquisition by ASX-listed Develop Global where, curiously, MinRes makes a cameo appearance in its list of top 20 shareholders.


Pioneer Dome West covers some 20km of strike along the highly-prospective western side of the Pioneer Dome. Previous exploration largely focused on nickel and gold, with virtually no exploration targeting lithium.


Dynamic conducted a systematic reconnaissance soil sampling program. collecting samples every 40m on 400m spaced lines and stretching out almost 15km of the prospective greenstone belt that flanks the Pioneer Dome granite. Elevated lithium in soil grading more than 40 parts per million was detected consistently along a 2.8km trend.


While considered subtle, the company says the near-3km strike length is highly encouraging. Field validation of the anomaly indicates a lack of outcrop, which it says may explain the subtle anomaly.


The company is preparing to dig deeper into the undercover source of the lithium anomaly, with an infill auger sampling program expected to begin in the coming week.

We are highly encouraged by the first pass results at Pioneer Dome, in a highly prospective area that has not seen any systematic exploration for lithium before now. Whilst the anomaly is subtle, its significant size warrants follow-up to increase our understanding of the regolith profile, which we will do through the auger sampling program. Dynamic Metals managing director and chief executive officer Karen Wellman

Since hitting the ASX earlier this year, after spinning out of Jindalee Resources, Dynamic has been in full swing exploring its portfolio of projects prospective for a gamut of battery metals. It recently wrapped up a second phase of reverse-circulation (RC) drilling at its Dordie Far West prospect, chasing up a string of high-grade nickel hits and uncovering a 5m section from just 30m that returned 2.84 per cent nickel.


Two of the company’s recently-acquired tenements sit across from Mincor Resources’ Cameron and Stockwell nickel deposits, which are within the Bluebush ultramafic corridor. Collectively, the two Mincor deposits contain 650,000 tonnes averaging about 3 per cent nickel for up to 20,000 tonnes of the critical battery metal.


The combination of market jitters and the global gallop toward decarbonisation seems to be triggering a fresh season of mergers and acquisitions, particularly in the battery metals sector.


Locally, the WA lithium scene has witnessed a flurry of recent changes, ushered in by MinRes’ claim on market darling Delta Lithium and followed closely by business heavyweight Gina Rinehart’s $500 million raid on Liontown – gate-crashing Abermarle’s $6.6 billion bid.


With a strong foothold on almost 900 square kilometres of premier Widgiemooltha real estate nestled in amongst a bevy of tier-one lithium and nickel deposits, Dynamic has placed itself in pole position as it shores up a pipeline of projects in an area garnering plenty of attention from the big end of town.


Is your ASX-listed company doing something interesting? Contact: office@bullsnbears.com.au

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