InvestSMART

Dreadnought Resources Ltd (ASX:DRE)

ALERT: Price-sensitive ASX Announcement for DRE
Current share price for DRE : $0.013 -0.013 (-50%)+
Announcement
Release
2 Mar 2026 9:10AM
Price at Release
$0.026
Full Release
download
Summary
Dreadnought Resources Ltd announced the strategic acquisition of 12 tenements adjacent to their 100% owned Mangaroon Critical Minerals project in the Gascoyne Region of Western Australia. This acquisition consolidates approximately 20 km of high-grade rare-earth mineralisation associated with carbonatite dykes and veins, enhancing Dreadnought's position in the critical minerals sector. The tenements also exhibit significant potential for tungsten, copper, and gold along the Chalba Shear zone. Initial work will focus on metallurgical testing and assessing gold, copper, and tungsten potential through stream sediment sampling. This move is part of Dreadnought's broader strategy to cement its role in the rare earth sector, with the Gifford Creek site already recognized as globally significant.
Key Points
  • Acquisition of 12 tenements adjacent to Mangaroon project.
  • Consolidation of 20 km of rare-earth mineralisation.
  • High potential for tungsten, copper, and gold.
  • Focus on metallurgical testing and stream sediment sampling.
  • Strengthens position in the critical minerals sector.
  • Gifford Creek recognized as a globally significant site.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.