Australia's Dynamic Metals touches record high on nickel hits at WA project

Dynamic Metals

16/03/2023 04:00

** Shares of Dynamic Metals Ltd  DYM.AX  climb as much as
64.3% to a record high of A$0.23
    ** Stock posts its biggest intra-day percentage gain since
listing in January, even after gains recede to 50% at A$0.21
    ** Mineral explorer reports "thick, high-grade" nickel hits
from its Widgiemooltha project in Western Australia
    ** Co says intersected nickel widths & grades compared
"favourably" with historical drilling, confirming the potential
for mineralisation in the area
    ** Says it has four fully-permitted drilling programs
scheduled to run across Widgiemooltha during H2 of 2023
    ** Stock down 26.3% since listing on ASX, as of last close

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))