Highlights

  • Dynamic Metals shares rose 2.86% to AUD 0.54 on 31 March 2026, extending a favourable 12-month gain of 58.82%.
  • Four diamond drill holes totaling 1,400m were completed at the Cognac West prospect, targeting gold-copper mineralisation at depth.
  • The program was supported by $175,000 in co-funding from the WA Government’s Exploration Incentive Scheme (EIS).
  • Drilling was designed to provide critical structural and alteration data to refine the geological model of the Widgiemooltha Project.
  • Assay results from the core samples are expected in early May 2026.

Dynamic Metals Limited (ASX:DYM) saw its share price advance 2.86% to AUD 0.54 during the afternoon session on 31 March 2026. The uptick follows the announcement that the Company has successfully completed a significant diamond drilling program at its Cognac West gold prospect.

This latest operational milestone contributes to a strong growth trajectory for the stock, which has climbed over 58% in the past year as investors respond to Dynamic’s systematic exploration approach and its high-potential landholding in Western Australia.

About Dynamic Metals: Unlocking the Widgiemooltha Project

Dynamic Metals is a precious and critical metals explorer focused on its flagship Widgiemooltha Project, which spans approximately 800km² between the historic mining hubs of Norseman and Kambalda. The region is a well-known "prospector’s paradise," adjacent to multiple million-ounce gold camps and established nickel producers.

Beyond its core gold and nickel targets at Widgiemooltha, Dynamic maintains a diversified portfolio across Australia, including joint ventures prospective for lithium and iron ore. This multi-commodity exposure, combined with a strategy of leveraging government grants and partner funding, has established the Company as a disciplined explorer with significant leverage to discovery success.

Testing Gold-Copper Potential at Depth

The recently completed 1,400m diamond drilling program at Cognac West follows two successful phases of Reverse Circulation (RC) drilling in 2025. While those earlier programs confirmed the presence of gold mineralisation, the new diamond core provides the high-fidelity geological data required to understand a "structurally complex corridor."

By drilling deeper into the system, Dynamic aims to:

  • Map Controls: Identify the exact structural and alteration markers that dictate where the gold-copper mineralisation is concentrated.
  • Assess Continuity: Determine if the mineralised zones intercepted in shallower RC holes extend and potentially thicken at depth.
  • Refine the Model: Integrate new data to create a precise "road map" for larger-scale follow-up drilling later this year.

Strategic Funding and Government Validation

A key feature of this program was the $175,000 in co-funding provided by the Western Australian Government’s Exploration Incentive Scheme (EIS). This competitive grant program is only awarded to projects deemed to have high technical merit and the potential to deliver a major new discovery. For Dynamic, this non-dilutive funding allows the Company to execute high-impact exploration while preserving its cash reserves.

What Investors are Watching?

Dynamic Metals (ASX:DYM) is executing a textbook exploration strategy: using shallow drilling to find smoke and diamond drilling to find the fire. The 2.86% rise in share price reflects steady confidence in the Company’s ability to hit milestones on time. With 58.82% gains over the past year, the market is clearly pricing in the potential for a significant discovery at Widgiemooltha. The immediate catalyst for investors will be the assay results expected in early May 2026; if these show high-grade continuity at depth, it could trigger a fundamental re-rating of the stock.