- Dreadnought (DRE) defines fresh rare earth and niobium zones at its Mangaroon project in Western Australia
- The company unveiled assays from infill drilling completed this year
- DRE struck one 62-metre-wide section with total rare earth concentrations of 1.68 per cent and high-value magnet metals making up 20 per cent of that
- A further nine-metre section clocked in at 3.88 per cent rare earth, while another fifteen-metre section graded similarly at 3.26 per cent
- Dreadnought shares last traded at 5.5 cents
Dreadnought Resources (DRE) has defined fresh rare earths and niobium zones at its Mangaroon project in Western Australia.
The company unveiled 18 assays from infill drilling completed this year. As part of the program, DRE completed 24 reverse circulation drillholes for more than 3800 metres.
Dreadnought struck one nine-metre section with total rare earth oxide (TREO) grades at 3.88 per cent. Neodymium and praseodymium (NdPr), the highest-value rare earth, reflected 22 per cent of that.
The company also reported a fifteen-metre-wide section at 3.26 per cent TREO; NdPr concentrations in that sample were at 21 per cent.
However, most notably, a section no shorter than 62 metres clocked in at 1.68 per cent TREO; NdPr concentrations sat at 20 per cent.
Carbonatite is a type of host rock often coinciding with rare earth mineralisation; the ‘C3’ and ‘C5’ targets at Mangaroon were the targets that reflected more positive news for Dreadnought on Monday.
Mangaroon is a 100 per cent owned target area associated with the company’s Yin Ironstone REE complex project in WA 250 kilometres southeast of Exmouth.
In June the company extended its resource at Yin, before doing the same thing again earlier this month in July.
Dreadnought shares last traded at 5.5 cents.