Dynamic Metals (ASX: DYM) – JRL lithium spun-out in Kambalda

COMPANY SCOREBOARD

Pro Plus	Pro	Con Plus	Con
	Enough cash to carry out 12 months drilling program Nickel, Cobalt, Lithium rich Kambalda region	Current results were within weathered profile, not fresh rock

ABOUT COMPANY

Dynamic Metals (DYM) (https://dynamicmetals.com.au/) explores lithium and nickel in Western Australia. Its flagship project is the Widgiemmoltha Lithium Project in Norseman WA.

The company was spun off from JRL in January 2023 by raising $7m@20c.

CAPITAL STRUCTURE


ASX Code	Share Price	Shares	Option (In)	Market Cap	Cash/Asset ($m)
DYM	0.185	48985001		9062225.185	3/0


Holders No	Top 20 (Cur)	Top 20 (Pre)	Director Hold	Performance Right	Note
422	61.19%	49.50%	2.55%

JRL owns 25%, and GAL owns 2%.

FLAGSHIP ASSETS

Widgiemooltha Lithium Nickel Project Norseman WA

ASX DYM Dynamic Metal Widgiemooltha Project

Project Data

no previous drilling for lithium

Current nickel results were within weathered profile, not fresh rock.

OTHER ASSETS

Lake Percy Lithium Nickel Project West Norseman WA

Deep Well Nickel Copper PGE Project WA (80%)

1m consideration share

Meekathara - Gold, Copper - WGX, MEK, ODY, GBR, S2R, DYM

SUMMARY

The company might need a good six months to settle down after the IPO.