The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Dreadnought Resources (DRE) continues to intersect thick rare earth ironstones at Yin, within its Mangaroon project in the Gascoyne region of WA
  • Of the 67 reverse circulation drill holes completed so far at Yin, 87 per cent have intersected mineralisation
  • Initial assay results have experienced a delay in the lab and are now expected in late July 2022, with further assays to follow thereafter
  • Due to the success of the RC program, a diamond drill rig is being sent to site and will commence drilling later this month
  • DRE shares last traded at 5.1 cents each

Dreadnought Resources (DRE) has continued to intersect thick rare earth ironstones at Yin, within its Mangaroon project in the Gascoyne region of WA.

The company is currently drilling at Yin with 67 reverse circulation (RC) holes completed for around 6415 metres. About 87 per cent of the holes drilled to date have intersected mineralisation.

Initial assay results have experienced a delay in the lab and are now expected in late July 2022, with further assays to follow thereafter.

Due to the success of the RC program, a diamond drill rig is currently being sent to site and will commence drilling later this month.

The RC program commenced in June, with significant results including 31 metres at 2.5 per cent total rare earths oxide (TREO) from one metre, including ten metres at 6.3 per cent TREO from 11 metres.

Managing Director Dean Tuck said drilling at Yin has continued to “exceed expectations.”

“With a second rig mobilising to site, we are confident that Yin will produce a substantial initial rare earth mineral resource by the end of the year.

“We also expect to confirm high-grade potential with first assays due back in late July 2022,” he said.

On the market, DRE shares last traded at 5.1 cents each on 22 July.

DRE by the numbers
More From The Market Online
Image of a lamp in an old mine

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Lor Resources Ltd has entered into a binding earn-in agreement with Blackrock Resources Pty Ltd to…
AI image of copper mineralisation

Bastion picks up historic samples grading up to 9.88% Cu from ICE Copper project in Canada

Bastion Minerals Ltd has been carrying out sampling work on historic drill core at its ICE…
Crosse section of the earth

Earths Energy confirms Paralana as an Enhanced Geothermal Systems Program project

Earths Energy Ltd has completed preliminary work on its Techno Economic Feasibility study for the Paralana…
Small pile of rare earth minerals

Critica confirms high grade REE mineralisation at Jupiter with 3,074 ppm intercept

Critica Ltd has confirmed high grade REE mineralisation at the Jupiter target, part of the larger…