DYM - Dynamic Metals

[System]

Dynamic Metals Limited was incorporated on 24 May 2022 as a wholly owned subsidiary of Jindalee Resources Limited (JRL) for the sole purpose of separating Jindalee's Australian Assets into a standalone vehicle.

Dynamic’s initial portfolio of Australian Assets is comprised of three main mineral projects located in Western Australia, as well as non-contributing interests in several joint ventures over a range of commodities, and a portfolio of early-stage generative projects.

Following its IPO, the Company’s three main projects will be comprised of:

• the 100% owned Widgiemooltha Lithium Nickel Project;
• the 100% owned Lake Percy Lithium Nickel Project; and
• the 80% owned Deep Well Nickel Copper PGE Project.

The Australian Assets are prospective for a range of “future facing” minerals critical to global efforts to decarbonise industry, being lithium, nickel and PGEs, as well as gold. The Widgiemooltha Lithium Nickel Project will be an initial focus for the Company given its significant land position in this proven lithium and nickel province, which boasts a number of operating mines.

It is anticipated that DYM will list on the ASX during January 2023.

Home • Dynamic Metals

A portfolio of future facing critical minerals projects in Australia.

dynamicmetals.com.au

 

[Dona Ferentes]

Listing date	06 January 2023 ; 12:00 PM AEDT ##
Company contact details	https://dynamicmetalsltd.com/ Ph: +61 8 9321 7550
Principal Activities	Mining
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	DYM
Capital to be Raised	$7,000,000
Expected offer close date	16 December 2022
Underwriter	Not underwritten. Discovery Capital Partners Pty Ltd and Canaccord Genuity (Australia) Limited (Joint Lead Managers)

 

[Dona Ferentes]

Listed a week late, but has never hit the IPO price. Now 15c

There was a brief flurry on the back of early days drilling, but things have quietened down.

THICK HIGH-GRADE NICKEL INTERCEPTED IN FIRST DRILL HOLES AT DFW PROSPECT
HIGHLIGHTS
• Five RC holes were drilled to test Kambalda nickel ore deposit model at Dordie Far West (DFW), part of the Widgiemooltha Project
• Three holes returned significant nickel results from first pass 3m composite RC samples, including:
o WDR002 15m @ 1.86% Ni from 27m downhole, incl. 6m @ 2.4% Ni
o WDR003 15m @ 1.11% Ni from 30m downhole
o WRD003 12m @ 1.58% Ni from 48m downhole, incl. 3m @ 2.0% Ni
o WDR005 3m @ 1.38% Ni from 30m downhole
• Detailed geochemical analysis on 1m split samples will be undertaken to confirm the nickel mineralisation model and determine follow up drill program
• Dynamic fully funded for exploration across its critical minerals portfolio following completion of $7M IPO in January 2023

And, taking a DYM view: