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Dreadnought Resources Limited ( (AU:DRE) ) has shared an announcement.
Dreadnought Resources Limited has successfully secured additional funding to expedite its ‘Finding More Gold, Faster’ strategy, raising $18 million in capital to advance its Mangaroon and Illaara gold projects. The company reported a 36% increase in the Measured and Indicated category of the Star of Mangaroon Resource and discovered new mineralized trends at Steve’s Reward. Additionally, drilling at the Stinger REE/niobium deposit revealed a new thick REE carbonatite. These developments strengthen Dreadnought’s position in the mining sector, potentially enhancing its production capabilities and market standing.
The most recent analyst rating on (AU:DRE) stock is a Buy with a A$0.05 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 operates in the mining industry, focusing on the exploration and development of gold and rare earth elements. The company is actively engaged in projects such as Mangaroon and Illaara, with a strategic emphasis on accelerating gold discovery and production.
Average Trading Volume: 14,995,517
Technical Sentiment Signal: Hold
Current Market Cap: A$201.4M
For a thorough assessment of DRE stock, go to TipRanks’ Stock Analysis page.