0 seconds of 2 minutes, 10 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
02:10
02:10
 
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Dreadnought Resources (DRE) has “second mover advantage” when it comes to its rare earths exploration work in the Gascoyne region of Western Australia, building upon its 14 million tonne resource.

Managing Director Dean Tuck said the company had been able to de-risk the Yin project prior to drilling.

The project is focussed on neodymium and praseodymium, which are key ingredients in permanent magnets, used in wind turbines, electric vehicle motors and other applications.

“We can produce a high value concentrate with numerous parties already interested in that product,” Mr Tuck said.

“We had second-mover advantage and the market responded so favourably to us because Hastings Technology Metals had already shown that they can produce a sellable concentrate in the region.

“We have been able to piggyback on the metallurgical research that existed.

“Before we drilled anything at Yin, we had metallurgy done to prove that we could also produce a sellable concentrate.”

The company also has an early-stage heavy rare earth project called Bresnahan, 350 kilometre northeast of Yin targeting dysprosium and terbium.

Mr Tuck said Australia only had exposure to the first three value stages of rare earths and much of that was still in the planning stages.

“Australia has the mines, the next stage mixed rare earth carbonate (MREC) processing is happening soon and we’re moving towards producing oxide,” he said.

“But Australia is completely out of the picture as far as producing metal, alloys and magnets. It’s all made in China.

“This is where the western world needs to move quickly to secure our supply chain.”

More From The Market Online
The Market Online Video

MD tells investors: WIN Metals already has a WA gold resource

WIN Metals (ASX:WIN) has a market cap below $10 million, despite having a 357,000 ounce indicated…
The Market Online Video

Watch: HotCopper on the floor at the 2025 RIU Explorers Conference

HotCopper this week attended the RIU Explorers Conference in Fremantle, where more than 150 companies exhibited what they’ve been working on these last
The Market Online Video

Gold bar gains $600,000 in just a year

ABC Refinery was again showing off a 400 ounce gold bar at the RIU Explorers Conference…
The Market Online Video

It’s a gold rush at the 2025 RIU Explorers Conference

About 150 companies are exhibiting at the RIU Explorers Conference in Fremantle, with about 80 per…