- Dreadnought Resources (DRE) sees encouraging results from flotation test work at the Yin Prospect, located within the Mangaroon Project
- The results from outcropping rare earth elements (REE) ironstones showed a 92.8 per cent recovery into 3.55 per cent of the original mass
- A detailed airbore magnetic-radiometric surveys over Yin will commence this month
- Just before the market opens, Dreadnought last traded at 4.3 cents per share
Dreadnought Resources (DRE) has seen encouraging results from of flotation test work at the Yin Prospect, located within the Mangaroon Project in WA.
Initial metallurgical results from outcropping rare earth elements (REE) ironstones at the prospect showed a 92.8 per cent recovery into 3.55 per cent of the original mass from flotation testwork.
An initial flotation circuit, using bulk surface samples from Yin, achieved a recovery of 92.8 per cent at a concentrate grade of 12.3 per cent neodymium oxide.
Dreadnought said the type of minerals hosting REE at Yin was mainly monazite, which is well-known to be amendable to commercial processing and as a source of REE at commercial scales.
A detailed airborne magnetic-radiometric survey over Yin will commence this month. These surveys will help with the maiden drilling program scheduled for the March 2022 quarter.
Managing Director Dean Tuck is looking forward in continuing the exploration at Yin.
“These metallurgical and mineralogical results provide us with plenty of
encouragement to get on with our planned work at Yin,” he said.
“This work includes airborne magnetic and radiometric surveys in September 2021 as a precursor to discovery and initial JORC 2012 Resource definition drilling in the March 2022 quarter. Exciting times ahead on the rare earths front.”
Just before the market opens, Dreadnought last traded at 4.3 cents per share.