Dreadnought Resources Limited ( (AU:DRE) ) has issued an update.
Dreadnought Resources Limited has announced the acquisition of the E09/2479 tenement, which is strategically located within its 100% owned Mangaroon Gold Project. This acquisition is expected to enhance the company’s exploration potential by providing access to additional gold mineralization areas with limited previous drilling. The tenement covers a significant portion of the Minga Bar shear zone, known for high-grade gold occurrences, and is anticipated to offer further opportunities for major gold discoveries. The company plans to commence drilling this month to identify and add ounces to production, potentially strengthening its position in the gold mining sector.
More about Dreadnought Resources Limited
Dreadnought Resources Limited operates in the mining industry, focusing primarily on the exploration and development of gold resources. The company is engaged in expanding its footprint in the Mangaroon Gold Project located in the Gascoyne region of Western Australia, aiming to exploit historical gold occurrences and prospective gold corridors.
YTD Price Performance: 50.0%
Average Trading Volume: 4,451,340
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$58.23M
For an in-depth examination of DRE stock, go to TipRanks’ Stock Analysis page.