Dreadnought expands Mangaroon footprint with rare earths tenement deal

Dreadnought Resources Limited ( (AU:DRE) ) just unveiled an update.

Dreadnought Resources has agreed, subject to completion, to acquire 12 tenements adjacent to its 100% owned Mangaroon Critical Minerals project in Western Australia’s Gascoyne Region, consolidating a further ~20km of mapped high-grade rare earth mineralisation. The ground, acquired from an unrelated party, lies within the Chalba Shear zone and is geologically similar to Dreadnought’s nearby Gifford Creek Carbonatite Complex, where the company has established a substantial multi-mineral resource.

The tenements also carry strong tungsten, copper and gold potential along roughly 54km of strike, broadening Dreadnought’s exposure to key critical and precious metals in a tier-one jurisdiction. Initial work will focus on metallurgical testing of outcropping rare earth mineralisation and project-wide stream sediment sampling, moves that management says will expand scale, cement the company’s regional position and enhance the value of its Gifford Creek hub for investors and other stakeholders.

The most recent analyst rating on (AU:DRE) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Dreadnought Resources Limited stock, see the AU:DRE Stock Forecast page.

More about Dreadnought Resources Limited

Dreadnought Resources Limited is an ASX-listed exploration company focused on critical minerals in Western Australia, particularly rare earth elements within carbonatite complexes. The company is developing the Mangaroon Critical Minerals project in the Gascoyne Region and already controls the Gifford Creek Carbonatite Complex, which hosts a large rare earths resource and associated exploration targets.

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Technical Sentiment Signal: Buy

Current Market Cap: A$146.7M

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