Dreadnought (ASX:DRE) reveal the C3 resource

Dreadnought Resources has delivered another resource to Mangaroon and unveiled an Inferred Mineral Resource of 10.84Mt @ 1.00% TREO from the C3 carbonatite containing rare earths and significant levels of niobium, phosphate, titanium, and scandium at its wholly owned project in the West Australian Gascoyne.

With a global resource now exceeding 30Mt, it further reinforces the status of Mangaroon as a globally significant rare earth asset earmarked for hefty, continued expansion.

The C3 resource covers only a small 600 by 550 metre area of a greater nine by one kilometre carbonatite zone expanded by first pass drilling, and more resources are set to come in from high-grade NdPr discoveries at the similarly untapped Yin Ironstones as soon as this year.

Dreadnought Managing Director Dean Tuck said its delivery of the first carbonatite resource had also marked the company’s first polymetallic critical mineral resource.

“Since drilling commenced in June 2022, Dreadnought has delivered its third Resource for the Mangaroon Project bringing the total resources to over 30Mt with further Resource updates underway and significant exploration upside with first pass drilling still ongoing,” Mr Tuck said.

“Further work will seek to understand the economic potential of the Project as we continue to highlight the critical metal endowment of the Region. We are proud of how much has been achieved in such a short space of time and are looking forward to continuing to build on this later in 2023,” he added.

C3 Inferred Resource as adjusted for different cut-off grades

Expanding assets

With an inferred 20.06Mt @ 1.03% TREO resource covering only four of the 43 kilometres of strike at the Yin Ironstones discovery, Dreadnought will not rest on its laurels for long.

The company has set an exploration target of up to 100Mt and 1.3 per cent TREO for just the top 150 metres of the ironstone complex and it expects an upgraded Yin resource to come in before Christmas.

Infill drilling has over the ironstones has recently returned with some of the thickest and highest-grade intercepts of neodymium and praseodymium to date and continued to build potential for the grand reveal at year’s end.

And with genuine scale already apparent for a multi-critical metal resource appearing to be easily mined and processed, it could place Dreadnought at the very heart of a West Australian Gascoyne province eyed as a future hub of the state’s critical mineral industry.

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Sector: Basic Materials

Industry: Other Industrial Metals & Mining

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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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