Dynamic Metals Limited (AU:DYM) has released an update.
Dynamic Metals Limited has entered into a lucrative joint venture with Mineral Resources Limited, selling 40% of its lithium rights on the Widgiemooltha Project for $5M and forming a partnership to further lithium exploration. With the potential to increase MinRes’s stake to 80% through additional investment, Dynamic retains exploration rights for other minerals, bolstering its position in a region known for nickel and gold. The company also reports the discovery of two significant lithium soil anomalies, enhancing the project’s prospectivity.
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