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Dreadnought Resources (ASX: $DRE) commences drilling at Tarraji-Yampi Cu-Au VMS system

Dreadnought Resources announces commencement of drilling at Tarraji-Yampi


Dreadnought Resources Limited (ASX: $DRE) has confirmed the commencement of drilling at Tarraji-Yampi, located in the Kimberley Region of Western Australia. The detailed technical review has identified a Cu-Au volcanogenic massive sulphide system with 6 priority targets for immediate drill testing. The exploration plan has been modified due to favorable weather conditions, and drilling is set to begin in early June 2024.

Executive Commentary on Tarraji-Yampi Drilling Program


Phase I of the 2024 drilling program at Tarraji-Yampi will test 6 high-quality Cu-Au VMS targets. This results from a detailed review of past results leading to significant advancements in the understanding of the mineral systems active at Tarraji-Yampi including at and around the Orion deposit. Mobilisation for this exciting program has commenced with drilling to start in early June 2024 and will be completed in mid-July 2024.

Summary of Tarraji-Yampi Cu-Au VMS System and Outlook


Dreadnought Resources has confirmed the commencement of drilling at Tarraji-Yampi, with 6 priority targets identified for immediate testing. The company's exploration plan has been modified due to favorable weather conditions, allowing for the drilling to begin in early June 2024. The drilling program aims to test high-quality Cu-Au VMS targets and is expected to be completed by mid-July 2024. The company's ambitions include deploying modern geochemical and geophysical techniques to explore for mineralisation under shallow cover in the region, with a focus on significant growth potential and high-grade multi-metal potential including Cu-Ag-Au-Co. Additionally, the global energy decarbonisation is driving copper fundamentals, with forecasts indicating a potential doubling of global demand for copper by 2035. Dreadnought's drilling program aligns with the company's strategic goals and commitment to exploring and developing mineral resources in the Kimberley Region of Western Australia.

DREADNOUGHT RESOURCES LTD
DRE | ASX | Materials
0.022-0.002(-8.33%)
At close 05/07 (AEDT)
Market cap
$84.3M
Volume
3,032,120
DY Yield
0
PE Ratio
0
52 Week Range
0.015 - 0.069
1YR Return
193.333%

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