InvestSMART

Dynamic Metals Limited (ASX:DYM)

ALERT: Price-sensitive ASX Announcement for DYM
Current share price for DYM : $0.570 0.135 (31.03%)+
Announcement
Release
3 Aug 2026 8:31AM
Price at Release
$0.435
Full Release
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Summary
Dynamic Metals Limited has formalized a strategic agreement with Corazon Mining Limited to divest its non-core gold assets at the Widgiemooltha Project for up to $3.5 million plus a 1.5% net smelter return royalty. The deal encompasses an upfront consideration of $500,000 in cash and $1.0 million in Corazon shares, with additional payments contingent on achieving specific gold resource milestones. Dynamic Metals retains lithium rights and existing agreements with Mineral Resources Limited are unaffected. The transaction aligns with Dynamic’s strategy to manage its portfolio for near-term value while maintaining exposure to potential future exploration outcomes.
Key Points
  • Dynamic Metals Limited has entered into a binding agreement with Corazon Mining Limited for the divestment of gold assets.
  • The transaction includes upfront payment of $500,000 in cash and $1.0 million in Corazon shares.
  • Dynamic will retain significant exposure to future success through deferred payments and a 1.5% royalty.
  • Deferred payments include $1.0 million upon announcing 150,000 ounces gold resource and another $1.0 million for 300,000 ounces.
  • The transaction does not affect the existing lithium rights with Mineral Resources Limited.
  • Conditions precedent include due diligence, regulatory approvals, and execution of sharing and royalty deeds.
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.