Dreadnought Resources Limited ( (AU:DRE) ) has issued an update.
Dreadnought Resources Limited has announced significant progress in its Mangaroon Gold Project, extending the high-grade gold lode at Steve’s Reward from approximately 300 meters to 1,000 meters and identifying additional parallel or splay lodes with high-grade rock chips. The confirmation of gold mineralization at Midday Moon adds another promising target to their exploration efforts. The company plans to commence drilling at several approved mining leases, aiming to expand its production potential, which could enhance its position in the gold mining sector and provide new opportunities for stakeholders.
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. The company is primarily involved in gold exploration projects, with a significant focus on the Mangaroon Gold Project in the Gascoyne region of Western Australia.
YTD Price Performance: 16.67%
Average Trading Volume: 4,458,368
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$58.23M
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