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Dreadnought Resources Limited ( (AU:DRE) ) has shared an update.
Dreadnought Resources Limited has announced the acquisition of tenement E09/2383, which further consolidates its presence at the Mangaroon Gold Project in Western Australia. This acquisition strengthens their strategic position by closing a gap in their tenement holdings and enhancing their exploration potential at the Mangaroon site. The newly acquired tenement is particularly significant as it includes a portion of the Jailor gold lode, which has shown high-grade gold mineralization. The company plans to continue its target generation work in February 2025, which is expected to amplify their prospects for discovery-focused drilling, potentially impacting their market positioning and offering new opportunities for stakeholders.
More about Dreadnought Resources Limited
Dreadnought Resources Limited operates in the mining industry, focusing primarily on the exploration and development of gold and base metal resources. The company is strategically positioned in the Gascoyne region of Western Australia, with a significant emphasis on expanding its footprint and enhancing its mineral resource base through targeted exploration activities.
YTD Price Performance: 20.0%
Average Trading Volume: 3,294,972
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$45.21M
Learn more about DRE stock on TipRanks’ Stock Analysis page.
