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Dynamic Metals Limited (ASX:DYM)

ALERT: Price-sensitive ASX Announcement for DYM
Current share price for DYM : $0.595 0.16 (36.78%)+
Announcement
Release
3 Aug 2026 8:27AM
Price at Release
$0.435
Full Release
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Summary
Corazon Mining Limited has secured significant tenure and gold rights through a binding agreement with Dynamic Metals Limited, enhancing its strategic land position in Western Australia's productive gold belt around the Chalice Gold Project. This acquisition involves tenement E15/1802 and adjoining gold rights over E15/1705 and E15/1721, extending Corazon's footprint by 170km². This move consolidates Corazon's position as a focused WA gold explorer, supporting its district-scale exploration strategy. The acquisition involves a total consideration of up to A$3.5 million, including contingent payments linked to achieving specific resource estimates, alongside a 1.5% net smelter return royalty on extracted gold.
Key Points
  • Corazon Mining Limited has entered into a binding agreement with Dynamic Metals Limited.
  • The agreement secures tenure and gold rights across three tenements covering 170km² around the Chalice Gold Project.
  • This acquisition expands Corazon's land position in a productive gold belt in Western Australia.
  • Corazon will own tenement E15/1802 and have gold rights over E15/1705 and E15/1721.
  • The acquisition supports Corazon's district-scale exploration strategy in WA.
  • Total consideration for the acquisition is up to A$3.5 million, with payments to Dynamic Metals.
  • Deferred payments are contingent on achieving JORC-compliant resource estimates.
  • A 1.5% net smelter return royalty is payable to Dynamic Metals on extracted gold.
  • Corazon's Phase 1 drilling at Chalice is set to commence in Q3 CY2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.