Dynamic Metals Completes Princess Sally Soil Test, Results in 4-6 Weeks
Key Takeaways
- Dynamic Metals has completed a 286-sample soil program over the 900m Princess Sally gold anomaly, with results due within 4-6 weeks.
- The historic anomaly returned up to 415ppb Au in WMC's 1999 work, but Dynamic hasn't verified those results and no mineralisation is claimed.
- Six historic drillholes on or near the anomaly were never assayed for gold, which is why Dynamic calls effective drill testing limited.
- The new UF+ analysis on a 50m x 50m grid is designed to be more sensitive than WMC's minus 6mm sampling on 40m stations along lines 400m apart.
- With a $29.4 million market cap and $1.92 million cash at 30 June 2026, funding follow-up drilling across multiple Widgiemooltha prospects is the next test.
Princess Sally soil sampling completed as fieldwork ramps up at Widgiemooltha
Fieldwork has recommenced across the broader Widgiemooltha Gold Project in Western Australia, and Dynamic Metals (ASX: DYM) has completed a 286-sample soil program at its Princess Sally prospect on E15/1680. Results are pending, so this is progress, not a discovery.
The target is a historic gold-in-soil anomaly of approximately 900m north-south, with individual historic results of up to 415ppb Au. The historic Princess Sally gold mine sits within the anomalous trend.
Karen Wellman, Managing Director
“Princess Sally is a great example of the opportunities we are generating through a fresh review of the extensive historical datasets across our Widgiemooltha portfolio.”
“We have now completed systematic soil sampling across the approximately 900 metre long historic gold anomaly, which is coincident with historic gold workings and has seen limited effective historic drill testing.”
For you, this is a low-cost, early-stage test of an underexplored target. Results are anticipated within 4-6 weeks.
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Why does the Princess Sally anomaly stand out?
Historic data, limited drilling
The historic anomaly includes individual results of 415ppb Au, 290ppb Au and 228ppb Au. Of these, the 415ppb and 228ppb samples sit on ground held by Dynamic. The 290ppb sample lies within Special Prospecting Licence P15/6874-S, held by a third party inside E15/1680.
The results were reported by WMC Resources Ltd in 1999, and the company has not independently verified them by resampling or re-assaying. The competent person considers them suitable for exploration targeting.
Drilling is the other half of the story. Six historic drillholes on or around the margins of the anomaly were not assayed for gold, which is why Dynamic describes historic testing as limited and effective testing as thin.
No mineralisation is claimed at Princess Sally. Historic drilling immediately east of Dynamic’s tenure has recorded gold mineralisation at depth, but the relationship, if any, to the surface anomaly “has not been established” according to the company.
How the program was run
The program was designed to give a detailed picture of the anomaly and its edges:
- 286 samples (272 sites plus 14 field duplicates)
- 19 east-west sample lines
- Predominantly 50m x 50m infill sampling over the anomaly
- 200m x 100m regional coverage to the west and south
- Ultra fine (UF+) multi-element analysis
Soil geochemistry means collecting surface soil and testing it for metals that can point to buried mineralisation. UF+ analysis separates the under 2 micron fraction of the soil, allowing sensitive detection of gold along with a broad suite of pathfinder elements (elements that often travel with gold).
The program also lets Dynamic assess UF+ against the historical conventional soil dataset, and its potential application across other areas of its tenure.
| Feature | Historic (WMC 1999) | Dynamic 2026 |
|---|---|---|
| Samples | **878** | **286** |
| Spacing | **40m** stations on lines **400m** apart | **50m x 50m** grid |
| Sample fraction | Minus 6 mm | Under 2 micron (UF+) |
The 2026 sample count is smaller, but the grid is tighter over the anomaly, and the finer fraction is designed to be more sensitive.
What is in the wider Widgiemooltha gold pipeline?
The project sits approximately 100km south of Kalgoorlie, in a region known for orogenic gold and komatiitic nickel sulphide deposits, and more recently for lithium. Dynamic’s Widgiemooltha tenure covers approximately ~800km².
In parallel with Princess Sally, the company is advancing:
- Redross: planned soil sampling, with activities moving there next.
- Lake Zot: interpretation of geophysical datasets to generate priority exploration targets.
- Little Pea: planned RC drilling to follow up an existing aircore anomaly.
- Cognac West: 3D geological and geochemical modelling of the 2025 drilling program, with petrophysical testing of diamond core and reprocessing of open-file magnetic and gravity data.
The gold push followed execution of Heads of Agreement for the divestment of non-core gold assets to Corazon Mining Limited (ASX: CZN) for up to $3.5 million plus a royalty, announced on 3 August 2026. Dynamic then commenced a project-wide gold targeting program.
Programs at different stages of exploration point to several potential sources of news flow, though outcomes at each remain unknown.
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What should investors watch next?
Soil results are anticipated within 4-6 weeks and will be interpreted alongside historic geochemical, geological and drilling information. Subject to results, Dynamic will assess follow-up exploration.
That may include aircore drilling across priority targets, or extension of the soil grid to the north-west along the ultramafic-mafic contact, subject to approvals.
The company’s capital snapshot from the announcement:
- Share price: $0.56 (7/10/26)
- Market capitalisation: $29.4M
- Shares on issue: 52.5M
- Cash at 30/06/2026: $1.92M
The cash figure is dated, so it should not be read as current funding runway. No Mineral Resource or Ore Reserve is reported.
The Princess Sally results are the next key catalyst to watch.
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