Dreadnought Resources Limited ( (AU:DRE) ) has shared an update.
Dreadnought Resources Limited has commenced reverse circulation (RC) drilling at its 100% owned Mangaroon Gold Project in Western Australia, targeting near-surface high-grade gold ounces. The drilling program, which involves approximately 46 RC holes across multiple sites, aims to add production ounces and extend mineralization at the Star of Mangaroon and other sites. This initiative is part of Dreadnought’s strategy to increase gold production, improve mining efficiency, and enhance cash flow, with the objective of commencing open pit mining in 2025 and processing material at Black Cat’s Paulsens facility.
More about Dreadnought Resources Limited
Dreadnought Resources Limited is a mining company focused on gold exploration and development. The company operates primarily in the Gascoyne region of Western Australia, with its key projects including the Mangaroon and Illaara gold projects. Dreadnought aims to enhance its gold production capacity and improve mining efficiency by exploring and developing high-grade gold deposits.
YTD Price Performance: 40.0%
Average Trading Volume: 5,236,257
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$54.07M
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