Dreadnought Resources Limited ( (AU:DRE) ) has shared an announcement.
Dreadnought Resources Limited has made substantial progress in its ‘Finding More Gold, Faster’ strategy during the first quarter of 2025. The company released a robust scoping study for the Star of Mangaroon and expanded its land holdings with acquisitions that have high-grade gold and base metal potential. Financially, Dreadnought strengthened its position by securing significant funding through placements and share purchase plans, totaling over $13 million. These funds will support accelerated exploration activities, potentially leading to significant discoveries and enhancing the company’s market position. Additionally, Dreadnought divested non-core assets, estimated a JORC Exploration Target for the Stinger Niobium deposit, and received a drilling grant, further solidifying its strategic focus on key projects.
More about Dreadnought Resources Limited
Dreadnought Resources Limited is a company operating in the mining industry, primarily focusing on gold exploration and development. The company is engaged in acquiring and developing high-grade gold and base metal projects, with a significant emphasis on the Mangaroon and Illaara gold projects in Western Australia.
YTD Price Performance: 40.0%
Average Trading Volume: 8,841,397
Technical Sentiment Signal: Buy
Current Market Cap: A$67.39M
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