Join our daily newsletter At The Bell to receive exclusive market insights
Dynamic Metals (ASX:DYM) is set to launch into 2025 with its Cognac West gold prospect the most favoured child among its portfolio.
Geotechs have been busy ascertaining what possible connections exist between underground geology and surface-level geochemistry, and from that exercise, the exploration team at Dynamic has inked fresh exploration targets.
On the hunt for gold and backed up by no less than 859 soil samples (as well as rock chip grabs) – and historical data – the company now has an idea of where to place the first rigs on-site in 2025.
However, as for which target gets first preference is perhaps not yet solidified in the minds of the company’s Board, if MD Karen Wellman is anything to go by.
“We are entering 2025 in a strong position with an exciting range of exploration targets to choose from, and Cognac West has clearly established its top-shelf status in our asset portfolio,” Wellman said.
(Note usage of the term ‘to choose from.’)
“We are delighted with the outcome of [the fieldwork] program which, after a comprehensive evaluation of the relationship between the complex geology and the surface geochemical footprint through our mapping and sampling activities, has defined specific targets for drill testing,” Wellman added.
“Right now, the company is working through permitting to launch drilling on-site in “early 2025.”
Dynamic pointed to $5.3M in cash reserves as of late September and said it was well funded to bankroll activities. As of December 11, the company has a market cap of just $7M.
While the stock is relatively illiquid, it’s worth noting one-year returns are up +30%.
DYM last traded at 20cps.
Join the discussion: See what HotCopper users are saying about Dynamic and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
