Dreadnought (ASX:DRE) claim outstanding early success at Mangaroon

Dreadnought Resources early drilling has met with remarkable success, defining well over half-a-square-kilometre of rare earth minerals at the C3 discovery, part of its exciting Mangaroon project southeast of Exmouth in Western Australia’s Gascoyne Province.

The 550 x 600-metre zone containing rare earth, phosphorus, niobium, titanium and scandium mineralisation was substantiated in the search for carbonatite intrusions considered to be the source of the Yin REE Ironstone Complex, holding an initial 14.36Mt @ 1.13% TREO resource which covers only three of 43 kilometres of strike.

DRE.AX

DREDNOUGHT FPO [DRE]

ASX

$0.013

$0.001

8.33%

Dreadnought Managing Director Dean Tuck said that even in the early stages, the continued delivery of significant mineralisation had highlighted the project’s massive potential.

“Despite only completing roughly a third of the planned first pass drilling, the
large scale of the critical metal opportunity at Mangaroon is already apparent,” he said.

“We are excited to have two RC rigs on site and to be re-commencing our unfinished first pass drilling of the C1-C6 carbonatites.”

Our infill Resource drilling at C3 is also showing significant promise. The high-grade niobium intercepts may also be a sign of things to come as we infill the wide spaced drilling.”

Dreadnought hold a 40km long exploration target ranging up to 100Mt and 1.3% TREO for the top 150m of the Yin Ironstone Complex, which holds a fraction of highly sought neodymium and praseodymium over 50 per cent higher than the global average for rare earth deposits.

A second RC rig has begun first pass, wide spaced drilling at the C1-C6 carbonatites as the first continues along the ironstone exploration target and a diamond rig begins metallurgical and QAQC drilling at the Yin resource and C3-C4 carbonatites.

Results include:

• CBRC084: 195m @ 0.57% TREO from 6m (ending in mineralisation), including:
  • 24m @ 1.26% TREO (22% NdPr:TREO), 4.4% P2O5, 0.24% Nb2O5, 4.4% TiO2 and 100ppm Sc from 16m
• CBRC083: 128m @ 0.74% TREO from 8m, including:
  • 34m @ 1.31% TREO (21% NdPr:TREO), 4.4% P2O5, 0.16% Nb2O5, 4.4% TiO2 and 80ppm Sc from 14m
  • 12m @ 1.09% TREO (20% NdPr:TREO), 2.5% P2O5, 1.1% TiO2 and 58ppm Sc from 111m
• CBRC087: 195m @ 0.55% TREO from 6m (ending in mineralisation), including:
  • 33m @ 1.10% TREO (21% NdPr:TREO), 3.7% P2O5, 0.17% Nb2O5, 5.5% TiO2 and 82ppm Sc from 6m
• CBRC088: 187m @ 0.54% TREO from 6m (ending in mineralisation), including:
  • 41m @ 0.93% TREO (22% NdPr:TREO), 3.5% P2O5, 0.08% Nb2O5, 3.5% TiO2 and 83ppm Sc from 14m
• CBRC085: 114m @ 0.56% TREO from 9m, including (ending in mineralisation):
  • 10m @ 0.92% TREO (23% NdPr:TREO), 8.1% P2O5, 1.2% Nb2O5, 5.5% TiO2 and 110ppm Sc from 37m
  • 11m @ 8.0% P2O5 from 36m; 21m @ 11.7% TiO2 from 45m; and 7m @ 1.38% Nb2O5 from 39m

Plan view map

DREDNOUGHT FPO [DRE]

Sector: Basic Materials

Industry: Other Industrial Metals & Mining

Employees:

Dreadnought Resources Limited operates as mineral exploration company in Australia. It primarily explores for copper, nickel, gold, silver, cobalt, platinum group elements, rare earth elements, iron ore, and base metals. The company was formerly known as Tychean Resources Limited and changed its name to Dreadnought Resources Ltd in February 2019. Dreadnought Resources Limited was incorporated in 2006 and is based in Osborne Park, Australia.

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