Dreadnought Resources pushes forward with R&D

Dreadnought Resources (ASX:DRE) has announced a major advancement in their research and development efforts, with support from a Federal Government Research & Development Tax Incentive. The funding will aid in metallurgical research to optimize extraction routes from the Yin and Gifford Creek Carbonatites, which is crucial for the commercial viability of their projects.

Strategic focus and future ambitions

Dreadnought Resources (ASX:DRE) is focused on enhancing its metallurgical research and development to optimize the extraction processes from the Yin and Gifford Creek Carbonatites, supported by a Federal Government R&D Tax Incentive. The company aims to commercialize these processes, with a primary focus on its Mangaroon project, a critical minerals hub with significant rare earth element resources. Additionally, Dreadnought is developing methodologies for producing concentrates from polymetallic sulphides in the West Kimberley region. The projects are strategically located in Australia, known for being a top investment jurisdiction. With federal support, Dreadnought aims to advance its exploration and development efforts, contributing to the global demand for critical minerals.

Executive insights on strategic advancements

The Federal Government's support through the R&D Tax Incentive is a crucial endorsement of our efforts to optimize extraction processes at Mangaroon and the West Kimberley region. This incentive will accelerate our R&D focus and assist in developing methodologies that are commercially viable for critical mineral extraction.