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An announcement from Dreadnought Resources Limited ( (AU:DRE) ) is now available.
Dreadnought Resources Limited has successfully raised $18 million through a share placement at $0.035 per share, with additional director participation pending shareholder approval. The funds will be used to accelerate exploration activities in the Yilgarn region, including underground and new target drilling at Star of Mangaroon, enhancing the company’s prospects in the mining sector.
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 is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the exploration of gold and critical minerals, with a significant focus on projects in the Yilgarn region.
Average Trading Volume: 12,342,875
Technical Sentiment Signal: Buy
Current Market Cap: A$213.3M
See more insights into DRE stock on TipRanks’ Stock Analysis page.