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Dreadnought Resources Limited ( (AU:DRE) ) has issued an update.
Catalina Resources Limited has completed the acquisition of the Central Yilgarn Project, which includes the Yerilgee and Evanston greenstone belts, from Dreadnought Exploration Pty Ltd. This strategic acquisition expands Catalina’s exploration portfolio, providing access to five camp-scale prospects with promising gold mineralization across over 650 km². The project area is underexplored despite its proven mineralisation potential for multiple minerals. Catalina plans to commence exploration activities in the first quarter of 2025, potentially enhancing its market position in the mineral exploration industry and offering significant opportunities for stakeholders.
More about Dreadnought Resources Limited
Catalina Resources Limited is an Australian diversified mineral exploration and mine development company focusing on exploring and developing mineral resources in underexplored regions. The company’s primary focus includes the exploration of gold, iron ore, lithium, nickel, and Cu-Zn-Ag massive sulphides, particularly in the Yilgarn Craton region.
YTD Price Performance: -8.33%
Average Trading Volume: 3,294,119
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$41.45M
For detailed information about DRE stock, go to TipRanks’ Stock Analysis page.
