Diamond drill rig. Source: Dreadnought Resources
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  • Dreadnought Resources (DRE) wins up to $1,357,500 in tax credits through the Federal Government’s Junior Mineral Exploration Incentive
  • The JMEI assists companies in developing projects with strategic outcomes for the nation
  • Only yesterday, the company boosted the total resource estimate of its flagship rare earths project by 40 per cent at Yin in WA
  • Dreadnought shares are down 2.59 per cent, trading at 5.7 cents at 12:12 pm AEST

Dreadnought Resources (DRE) has been awarded up to $1,357,500 in tax credits through the Federal Government’s Junior Mineral Exploration Incentive.

The JMEI is designed to aid companies in developing projects with strategic outcomes for the nation.

Dreadnought acknowledged the support of both the Commonwealth of Australia and the Association of Mining and Exploration Companies (AMEC).

Only yesterday, the company boosted the total resource estimate of its flagship rare earths project by 40 per cent at Yin in Western Australia.

Dreadnought shares were down 2.59 per cent, trading at 5.7 cents at 12:12 pm AEST.

dre by the numbers
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