Dreadnought Resources provides update on Bresnahan project

Dreadnought Resources Limited (ASX: $DRE) has announced significant untested uranium targets at its 100% owned Bresnahan Uranium, Heavy Rare Earths and Gold-Silver-Antimony Project in Western Australia. The project has revealed a dozen significant untested unconformity and paleochannel uranium targets from extensive geophysical data acquired by major companies in the early 2000s. The company is also exploring opportunities for partnerships or commercialization of the project, with surface sampling over the targets set to commence in April 2024.

Executive commentary on Bresnahan project

Dreadnought's Managing Director, Dean Tuck, highlighted the significance of the Bresnahan project, stating, 'Bresnahan is a known uranium province containing over a dozen quality targets identified by a significant amount of work undertaken by major companies. Our focus is on gold and base metals, and we are seeking commercialization opportunities, including joint ventures, divestment, or demerger for Bresnahan with discussions underway with various parties.'

Summary of Bresnahan project update

Dreadnought Resources has unveiled a significant update on its Bresnahan project, showcasing untested uranium, Heavy Rare Earths (HREE), and Gold-Silver-Antimony (Au-Ag-Sb) targets in Western Australia. The project has consolidated the largest landholding in the region with known mineralization, and discussions are ongoing regarding potential partnerships or commercialization. The company is set to commence surface sampling over the identified targets in April 2024. With the global energy decarbonization driving demand for HREE and uranium, the project holds substantial potential for major discoveries and aligns with the company's ambitions for exploration and development in the region.