Dreadnought Resources (ASX: $DRE) Placement Announcement

Dreadnought Resources Limited (ASX: $DRE) has received firm commitments for a placement to raise $3.71m at $0.018 per share before costs. The placement includes investments from institutional/sophisticated investors and the Company's Board of Directors. The proceeds from the placement will be utilized for exploration activities, including niobium drilling at the Gifford Creek Carbonatite, gold drilling at Mangaroon, and working capital.

Executive Commentary on Placement and Exploration Activities

With this funding secured, we will continue to progress our niobium and gold drilling at Mangaroon. We are also advancing a number of commercialization discussions at Central Yilgarn, Bresnahan, and the Money Intrusion. We would like to thank our existing and new shareholders for their support.

Summary of Dreadnought Resources (ASX: $DRE) Placement Announcement

Dreadnought Resources Limited (ASX: $DRE) has successfully secured firm commitments for a $3.71m placement at $0.018 per share before costs. The placement, which includes investments from institutional/sophisticated investors and the Company's Board of Directors, will support the company's exploration activities, including niobium and gold drilling. The upcoming newsflow includes the completion of the placement, commencement of RC drilling at Mangaroon Au, and results from further target generation and definition work at Mangaroon Au. The company's projects, such as the Kimberley Ni-Cu-Au Project, Mangaroon Ni-Cu-Co-3PGE, Au & REE Project, Bresnahan HREE-Au-U Project, and Central Yilgarn Gold, Base Metals, Critical Minerals & Iron Ore Project, demonstrate the potential for significant mineral resources. The successful completion of the placement and the upcoming exploration activities position the company for potential growth and development in the mining sector.