Dreadnought Resources hits further high-grade critical metals at Stinger

• Dreadnought has significantly expanded its Stinger discovery with significant niobium, rare earth and scandium intercepts.
• The critical minerals discovery remains open to the north and northwest.
• Update of the niobium JORC exploration target underway.

Dreadnought Resources (ASX: DRE) has significantly expanded its Stinger rare earths and critical minerals discovery with further drilling success at the Mangaroon critical metals asset in the Gascoyne region of Western Australia.

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Results from a recent diamond hole have successfully extended the footprint of Stinger with significant niobium, total rare earth oxides and scandium intercepts, including 22.3m at 1.3% niobium pentoxide (Nb2O5) from 71.6m, 19.4m at 0.9% TREO from 71.6m and 19.4m at 181 parts per million (ppm) Sc from 71.6m.

Dreadnought’s managing director, Dean Tuck, said metallurgical test work at Stinger and the wider Gifford Creek area shows promise of being commercial.

“The Stinger discovery continues to grow, as does our understanding of it. Over the past six months, we’ve extended mineralisation at Stinger beyond our previously estimated exploration target, intersected some of the highest grades across a range of critical metals and deepened our mineralogical understanding as we prepare to commence a significant metallurgical program,” he said.

“Our final phase of mineralogical work, prior to commencing metallurgical test work, is underway, and we look forward to commencing our low-cost, high-value metallurgical studies at Stinger with a focus on niobium and rare earths with potential scandium, titanium, zirconium and phosphate by-products.

“In the meantime, we will continue to expand our understanding of the system, update our exploration target and prepare targets for drill testing once our metallurgical studies are completed.”

In addition to proving the discovery’s high-grade, all holes have extended mineralisation at Stinger, which now remains open to the north and northwest.

Mr Tuck said the latest drilling has returned some of the highest-grade intercepts to date from Stinger and has extended mineralisation, and as a result, the niobium JORC exploration target will be updated and include the by-products. The exploration target is expected to be completed in May 2026.

Mangaroon covers 5,000 sq. km and is 250 km south-east of Exmouth. Since CY20, Dreadnought has identified three major focus areas within the project.

DRE is steady at 2¢. Market cap. $114.5M.

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