- Dreadnought Resources (ASX:DRE) reports new resource upgrades at its Yin REE Ironstone complex, part of its Mangaroon REE project in the WA Gascoyne region
- The JORC Mineral Resource upgrade at Yin now totals 29.98Mt at 1.04 per cent TREO and combined the total resource is 40.82Mt at 1.03 per cent TREO
- The upgrade represents a colossal stride for the company, boasting an impressive 87 per cent Measured and Indicated status
- The Indicated Resource expands to an impressive 21.13Mt at 1.02 per cent TREO, confirming Dreadnought is emerging as a global player in critical minerals
- DRE shares are up 6.06 per cent, trading at 3.5 cents at 12:16 pm AEDT
Critical minerals explorer Dreadnought Resources (ASX:DRE) has reported new resource upgrades at its Yin REE Ironstone complex, part of its Mangaroon rare earth element project in Western Australia’s Gascoyne Region.
The newly defined JORC Mineral Resource at Yin now totals 29.98 million tonnes (Mt) at 1.04 per cent total rare earth oxide (TREO), 18 months from the initial REE discovery at the Yin ironstone complex.
The upgrade represents a colossal stride for the company, boasting an impressive 87 per cent Measured and Indicated status.
Notably, the Resource only spans about 10 per cent of the vast 43-kilometre Yin strike, underlining the immense growth potential still untapped.
“Since drilling commenced in June 2022, Dreadnought has delivered another substantial increase in the initial Resource over just 4.6 kilometres of the Yin Ironstone Complex. Yin continues to demonstrate one of the highest NdPr: TREO ratios in the world,” DRE Managing Director Dean Tuck said.
The significance is further underscored by the presence of a substantial initial Measured Resource of 5.17Mt, exhibiting a high grade of 1.34 per cent TREO over a mere 250 meters of surface strike.
Meanwhile, the Indicated Resource has expanded to an impressive 21.13Mt at 1.02 per cent TREO, confirming that Dreadnought has emerged as a global player in critical minerals, hosting a combined Resource of 40.82Mt at 1.03 per cent TREO.
DRE shares were up 6.06 per cent, trading at 3.5 cents at 12:16 pm AEDT.