Dreadnought Resources extends drilling program for critical minerals

Dreadnought Resources Limited (ASX: $DRE) has announced the extension of the current Tarraji-Yampi drilling arrangements to Gifford Creek and Tiger targets at the 100% owned Mangaroon Project in Western Australia. The company has secured a RC drill rig to commence drilling the Gifford Creek Nb-REE carbonatite targets in July 2024, immediately following the Tarraji-Yampi drill program. The drill for equity agreement with Topdrill Pty Ltd has been extended to cover Cu-Au, Nb-REE, Cu-Zn-Ag-Au, and Au drilling programs. Additionally, a GSWA Exploration Incentive Scheme grant will co-fund the Gifford Creek and Tiger programs. The Managing Director of Dreadnought, Dean Tuck, expressed his satisfaction with the extended arrangements and the secured RC rig for programs at Mangaroon, emphasizing the exciting period ahead for the company.

Executive Commentary on Mangaroon Project

Dreadnought's Managing Director, Dean Tuck, expressed the company's pleasure in extending the drill for equity arrangements with Topdrill and securing a RC rig for programs at Mangaroon. He highlighted the significance of the programs at Mangaroon, which include extensions to thick, high-grade niobium, testing areas of deeper weathering for niobium accumulations, and the first test of the Cu-Au, Zn-Ag VMS target at Tiger. Tuck also acknowledged the support of the GSWA EIS for co-funding the Gifford Creek and Tiger programs. He emphasized that the commencement of drilling at Tarraji-Yampi marks the beginning of an exciting period for Dreadnought.

Summary of ASX Announcement

Dreadnought Resources Limited has extended the drilling program to Gifford Creek and Tiger targets at the 100% owned Mangaroon Project in Western Australia. The company has secured a RC drill rig to commence drilling the Gifford Creek Nb-REE carbonatite targets in July 2024, immediately following the Tarraji-Yampi drill program. The drill for equity agreement with Topdrill Pty Ltd has been extended to cover Cu-Au, Nb-REE, Cu-Zn-Ag-Au, and Au drilling programs. Additionally, a GSWA Exploration Incentive Scheme grant will co-fund the Gifford Creek and Tiger programs. The Mangaroon Project is confirmed as a globally significant critical minerals complex with a combined, independent Resource at the Yin Ironstones and the Gifford Creek Carbonatite. The company's ambitions include exploring the genuine scale potential at the Yin Ironstones and the significant, growth, and multiple critical minerals potential at the Gifford Creek Carbonatite. Dreadnought is receiving increasing levels of interest from midstream and downstream industry participants in Mangaroon, and the company is focused on upstream options while considering opportunities to collaborate with midstream and downstream industry participants.