Dreadnought Resources Limited ( (AU:DRE) ) just unveiled an announcement.
Dreadnought Resources Limited has successfully raised $8.5 million through a two-tranche placement, with participation from Black Cat Syndicate Limited, to fund its ongoing gold exploration and development activities. The capital will support further drilling and mining approvals at the Mangaroon Gold Project and other sites, aiming to expedite gold discovery and production.
More about Dreadnought Resources Limited
Dreadnought Resources Limited is a company operating in the mining industry, focusing primarily on gold exploration and development. The company is engaged in advancing projects such as the Mangaroon Gold Project and aims to produce gold ore or concentrate for processing facilities.
YTD Price Performance: 50.0%
Average Trading Volume: 4,717,358
Technical Sentiment Signal: Hold
Current Market Cap: A$62.39M
For a thorough assessment of DRE stock, go to TipRanks’ Stock Analysis page.