Dynamic Metals dusts off forgotten 900m WA gold trail
Dynamic Metals (ASX: DYM) has fired up a new field campaign at its big Widgiemooltha gold project in Western Australia, completing a 286-sample soil program over a historic 900-metre-long gold anomaly at its Princess Sally prospect.
By blowing off the cobwebs at Princess Sally, the company has given itself a golden opportunity to put a sizeable historic soil anomaly to the test in one of Australia’s most active gold exploration districts. The campaign forms part of a broader pipeline of gold exploration programs Dynamic is pushing out across its vast 800 square-kilometre Widgiemooltha tenure, 100km south of Kalgoorlie.
The sampling comprised 19 east-west test lines, predominantly on a tight 50m by 50m grid to provide high-resolution data. Wider-spaced 200m by 100m sampling was also completed to provide regional coverage and test the anomaly’s extent to the west and south.
The historic anomaly, defined by data from 1999, contains gold-in-soil results of up to 415 parts per billion gold and notably also encompasses the historic Princess Sally gold mine, which management says has never been adequately drill tested in the past.
Adding further intrigue, a review of historic drilling records revealed six historic drillholes on or around the margins of the anomaly that were never assayed for gold, leaving the door wide open for a modern explorer to potentially make a significant discovery.
Princess Sally is a great example of the opportunities we are generating through a fresh review of the extensive historical datasets across our Widgiemooltha portfolio. We have now completed systematic soil sampling across the approximately 900 metre long historic gold anomaly, which is coincident with historic gold workings and has seen limited effective historic drill testing. Dynamic Metals Managing Director Karen Wellman
The renewed field campaign comes as Western Australia’s gold exploration sector enjoys a period of intense activity. Gold exploration spending in the State reached a record $461.1 million in the June 2026 quarter, while annual expenditure reportedly climbed to $1.57 billion in the 2025–26 financial year. The strength of the sector is also placing pressure on exploration capacity, with drill rigs and crews reportedly in tight supply around Kalgoorlie as companies advance new programs.
The renewed focus on forgotten or parked prospects at Widgiemooltha forms part of a broader strategy that has seen Dynamic astutely manage its portfolio, using a project generator model to provide non-dilutive funding for its priority targets.
The company recently closed a second significant gold asset divestment this year, agreeing to sell its Lady Jane project to First Au for $650,000 cash plus a 1.5 per cent royalty. That deal also locks in a $250,000 drilling commitment from the new owner. It follows an earlier deal to offload its Chalice South prospect to Corazon Mining for up to $3.5 million in cash, shares and milestone payments, in addition to a royalty.
The spate of savvy sales allows Dynamic to concentrate capital on its flagship Widgiemooltha project, which lies in a world-class mineral province renowned for both gold and nickel. Beyond its gold riches, the ground also holds plenty of lithium potential, attracting the attention of mining giant Mineral Resources, which has a joint venture covering part of the project’s lithium rights.
Additionally, the company recently launched an ultra-widegold targeting program across the project's 800 square kilometres tenure, including planned soil sampling at its promising Redross prospect, interpretation of geophysical data sets at the Lake Zot prospect and planned follow-up reverse circulation drilling at the Little Pea prospect.
The review will then blend the existing geological, geochemical and drilling data to identify and rank the next generation of priority gold targets. That dataset will also include intel from drilling at its Cognac West gold-copper prospect, where gold mineralisation was recently confirmed at depth.
While gold is the current focus, Dynamic's portfolio holds another card: its Meentheena fluorspar project in the Pilbara. The company recently lodged a Reserve Access Management Plan following encouraging environmental surveys. Historic grades of up to 82.8 per cent calcium fluoride and metallurgical recoveries of acid-grade concentrate exceeding 97 per cent purity add weight to its plans for maiden drilling once approvals are secured. Fluorspar is gaining strategic importance for its use in the semiconductor and battery supply chains.
With results from the Princess Sally soil sampling program expected within four to six weeks, the market will likely be keen to see the lab results land. If Dynamic's numbers come in strong, it may not be long before the rods start turning on a prospect brought back to life by a clever, self-funding exploration strategy.
Is your ASX-listed company doing something interesting? Contact: office@bullsnbears.com.au
