Dynamic Metals Ltd (ASX:DYM) managing director Karen Wellman speaks with Proactive’s Jonathan Jackson about the confirmation and extension of a large historical lithium soil anomaly at the Lake Percy Project in the Goldfields Region of Western Australia, with a peak lithium oxide value of 314 parts per million (ppm). A recent infill and orientation soil sampling program included 762 samples taken at 40-metre spacings, with line spacings between 200 and 400 metres. This program extended the lithium anomaly of greater than 100ppm over a strike of 2.5 kilometres and width of 2 kilometres. The company has identified lithium anomalies near historic drill holes, which logged multiple wide pegmatites up to 81 metres downhole with elevated lithium values. Wellman described the results as "very encouraging," and expressed anticipation for the analysis of the lithium assay suite to refine potential drill targets. Dynamic Metals is evaluating the lithium potential of its land package in WA, particularly following the Widgiemooltha Project transaction with Mineral Resources. The Lake Percy Project, about 120 kilometres west of Norseman, has been historically explored for nickel but was recently identified for its significant lithium potential. This potential has been highlighted by discoveries at the nearby Medcalf spodumene and Burmeister sites. Previously, White Cliff Nickel Ltd conducted lithium-focused soil sampling in 2015 and 2016, establishing Lake Percy as an area of interest. In 2016, a joint venture with Liontown Resources led to the drilling of eight holes, but no ore-grade lithium intercepts were found, despite encountering multiple pegmatite intervals. Minimal work on lithium potential has been done since Liontown's withdrawal in 2017. In 2023, Dynamic Metals drilled for nickel, intersecting multiple pegmatites with lithium grades up to 1,170ppm. Sample pulps from these intervals have been submitted for full lithium suite analysis to guide further exploration efforts. #ProactiveInvestors #DynamicMetals #ASX #LakePercyProject, #LithiumExploration, #GoldfieldsRegion, #WesternAustralia, #SoilSampling, #Pegmatites, #LithiumAnomaly, #MineralExploration, #GeologicalModel, #WhiteCliffNickel, #LiontownResources, #MedcalfDiscovery, #BurmeisterDiscovery, #LithiumAssay, #ExplorationEfforts, #LithiumPotential, #NickelExploration, #MineralResources, #CovalentLithium #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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Jun 25 20241 m