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Dreadnought Resources Limited ( (AU:DRE) ) has shared an announcement.
Dreadnought Resources Limited has entered into a joint venture with Black Cat Syndicate Limited to mine and process ore from the high-grade Star of Mangaroon gold deposit. This agreement allows Black Cat to manage and fund the initial development, with both companies sharing the surplus cashflow. The venture is expected to provide significant cashflow benefits and operational flexibility for Black Cat, while also offering strategic opportunities for further discoveries in the region.
More about Dreadnought Resources Limited
Average Trading Volume: 16,670,217
Technical Sentiment Signal: Buy
Current Market Cap: A$167.8M
Find detailed analytics on DRE stock on TipRanks’ Stock Analysis page.