- Dreadnought Resources (DRE) has entered a trading halt ahead of a capital raise announcement
- Recently, Dreadnought conducted a review of its historical, high-grade iron ore prospects within the Illaara Greenstone Belt in WA
- These prospects contain the potential for significant, high-grade iron ore, similar to that found in other deposits within the Yilgarn iron ore region
- Further, Dreadnought will soon commence reverse circulation drilling at Metzke’s Find, Longmore’s and Black Oak within the Illaara Project
- Company shares last traded for 0.9 cents on July 31
Dreadnought Resources (DRE) has entered a trading halt ahead of a capital raise announcement.
The company’s shares will remain in a trading halt until the earlier commencement of trading on Wednesday, August 5.
Recently, Dreadnought conducted a review of its historical, high-grade iron ore prospects that lie within the Illaara Greenstone Belt in Western Australia.
These prospects contain the potential for significant, high-grade iron ore similar to that found in other deposits within the Yilgarn iron ore region. Importantly, there are also broad zones which contain higher-grade material of more than 62 per cent iron.
Dreadnought has engaged a commercial, logistics and operational iron ore expert to further develop iron ore potential at Illaara.
The company’s upcoming activities include a reverse circulation drilling program at Metzke’s Find, Longmore’s and Black Oak within the Illaara Project.
Company shares last traded for 0.9 cents each on July 31.