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- Dreadnought has a raft of new lithium prospects at Mangaroon, WA
- The targets were identified in soil geochem sampling
- Shares opened Monday at 3.3c
Dreadnought (DRE) has reported its confirmation that 16 new camp-scale lithium targets now join its books.
Located at its Central Yilgarn and Mangaroon targets, Dreadnought ran geochemical sampling nearby known pegmatites.
10 camp scale targets have been formalised at Central Yilgarn, and at Mangaroon, another 6.
The company also referred to “historical company and government mapping” as useful in locating targets.
Busy end to 2023 for Dreadnought
One target called Peggy Sue has seen “limited” exploration for lithium in the past with the other targets seeing none whatsoever, according to Dreadnought.
Mapping and further surface sampling is now underway at Mangaroon.
Central Yilgarn will see boots hit the sand for the same reason in December 2023.
“Evaluation of all targets will continue into 2024,” the company wrote.
Management comment
“With the year’s significant drilling campaigns wrapping up, Dreadnought looks forward to returning to its roots and getting back to generative exploration across its portfolio of projects and the potential within,” Dreadnought chief Dean Tuck said.
“The first cab off the rank from the recently completed project wide stream sediment surveys at Mangaroon and the ongoing review of Central Yilgarn has resulted in the identification of several camp scale potential LCT pegmatite swarms.
“With the intense interest in both regions for lithium, Dreadnought views lithium target definition work as a significant low cost, high value exploration priority.”
DRE shares opened Monday at 3.3c.
