Dynamic Metals Limited (AU:DYM) has released an update.
Dynamic Metals Limited, in partnership with GWR Group, reports significant findings at the Prospect Ridge magnesium project in northwest Tasmania, with Phase 1 diamond drilling revealing high-grade magnesium intersections, including a standout result of 118.7m at 43.3% MgO. Approval for a Phase 2 drilling program has been granted to further explore the potential of the site, which hosts the third-largest magnesite inventory in Australia. The companies are also engaged in a Regional Research Collaboration Grant project with the University of Tasmania, focusing on sustainable critical metal production.
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