$15M Joint Venture to Boost Dreadnought’s Nickel and Copper Prospects

Dreadnought Resources Limited ( (AU:DRE) ) has provided an update.

Dreadnought Resources Limited has entered into a $15 million Farm-In and Joint Venture Agreement with a subsidiary of Teck Resources Limited to advance the Money Intrusion Ni-Cu-Co-PGE prospect at Mangaroon in Western Australia. This agreement allows Teck to earn a 75% interest in the tenements by funding the exploration, while Dreadnought retains its focus on gold prospects. The collaboration is expected to enhance Dreadnought’s exposure to nickel and copper potential, aligning with global development and energy transition needs.

More about Dreadnought Resources Limited

Dreadnought Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Their primary products include nickel, copper, cobalt, and platinum group elements (PGE), with a market focus on gold and critical metals such as rare earth elements and niobium.

YTD Price Performance: 50.0%

Average Trading Volume: 8,826,745

Technical Sentiment Signal: Hold

Current Market Cap: A$72.67M

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