Dynamic Metals Secures $175k Grant for WA Gold Drilling, Unveils New Soil Anomalies
Dynamic Metals fires up WA gold exploration with EIS grant

West Australian mineral explorer Dynamic Metals has ignited its gold exploration campaign across the state, buoyed by a critical government approval for co-funded diamond drilling at a key prospect.

Government Backing Fuels Deeper Drilling at Cognac West

The company has received a coveted Program of Work (PoW) approval under the Western Australian government's Exploration Incentive Scheme (EIS) for its Cognac West gold-copper prospect. This approval unlocks a grant of up to $175,000, covering as much as half the eligible costs for a four-hole diamond drilling program.

This funded work will test for structurally controlled gold and copper mineralisation lying beneath areas with limited historical drilling and shallow transported cover. The diamond drill bit is set to probe second-order structures adjacent to a late-stage felsic intrusion, east of the significant Republican Thrust.

Dynamic's confidence in the target is built on prior work including soil geochemistry, mapping, rock chip sampling and reverse circulation (RC) drilling. Notably, 2025 RC drilling delivered a high-grade intercept of 8 metres at 2.78 grams per tonne gold and 1 metre at 1.06% copper, reinforcing the potential for a robust gold-copper system. Drilling commencement is pending contractor availability, with the grant allowing up to 12 months for completion.

New Gold Anomalies Emerge at Leinster Project

Meanwhile, at the Leinster gold project situated six kilometres south of Agnew, Dynamic has wrapped up a first-pass soil sampling campaign. The program collected roughly 450 samples on a systematic grid.

The results have delineated a coherent gold-in-soil anomaly at the Risdon prospect, with a peak value of 1.43 parts per million gold recorded about 100 metres west of the furthest historical drill line. Multiple samples exceeding 0.1ppm gold form a linear trend within areas of outcrop.

Critically, the company notes that gold anomalies located a kilometre northwest of the main cluster show no link to topography, suggesting a primary bedrock source rather than surface dispersion. Integrating these findings with a 2024 drone magnetic survey has revealed dominant northwest-southeast structural trends, with several geochemical anomalies running parallel. These are now considered priority follow-up targets.

Systematic Sampling Progress at Lady Jane

Exploration is also advancing at the Lady Jane gold project, where regional soil sampling is underway across two exploration licences. Using a similar grid pattern, the program aims to generate systematic first-pass geochemistry over areas with shallow cover.

In the northern licence, work is testing a structural corridor linked to the major Ida Fault system. In the southern area, sampling is infilling and extending a historical auger anomaly dataset previously outlined by other explorers, including Evolution Mining. Target geology here involves faulted contacts between ultramafic units and granite, near the interpreted trace of the regional Zuleika Shear. Assay results from Lady Jane are currently pending.

A Pipeline of Drill-Ready Targets Takes Shape

With EIS co-funding secured for deeper drilling at the promising Cognac West prospect, coherent new gold anomalies defined at Leinster, and methodical regional sampling progressing at Lady Jane, Dynamic Metals is methodically assembling a pipeline of drill-ready gold targets.

This disciplined, data-driven approach across multiple highly prospective terrains in Western Australia positions the company to potentially convert its rigorous groundwork into new discoveries as several programs advance towards drilling in the coming months.