Dynamic Metals Limited (AU:DYM) has released an update.
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Dynamic Metals Limited has completed a joint venture agreement with Mineral Resources, forming a 40/60 partnership over the Widgiemooltha Project, with options for increased stakes linked to further investment. The company confirmed a significant lithium soil anomaly at Lake Percy and ended the quarter with a strong cash position, bolstered by a $3.6 million payment from Mineral Resources. Dynamic Metals is now shifting focus to explore the gold potential within their retained mineral rights at the Widgiemooltha Project.
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