Exciting gold discoveries at Mangaroon

Dreadnought Resources (ASX:DRE) has announced significant high-grade gold intercepts from its drilling at the Star of Mangaroon. Located in Western Australia, the Mangaroon Gold Project revealed impressive gold intersections, including 2.7 meters at 55.5 g/t Au. This underscores the company's strategy to develop a high-grade open pit operation.

Outlook for Mangaroon Gold Project

Dreadnought Resources' recent announcement highlights successful high-grade gold findings at the Mangaroon Gold Project, emphasizing the project's potential to become a high-grade open pit resource by November 2024. The company plans to outsource development and operations to third parties, focusing on exploration and growth. The project area, once a significant gold producer, still holds untapped potential as evidenced by recent drilling successes. With initial JORC Mineral Resource estimates expected by November 2024, Dreadnought aims to leverage modern exploration techniques for further growth. Exceptional metallurgical recoveries support the project's economic prospects, aligning with Dreadnought's strategy to become a self-funded explorer.

Executive insights on drilling success

The drilling results support our strategy of transforming into a self-funded explorer by developing a potential high-grade open pit at the Star of Mangaroon, where funding and operations are outsourced to third parties.