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Dreadnought Resources Limited ( (AU:DRE) ) has issued an announcement.
Dreadnought Resources Limited has announced a comprehensive agreement with Black Cat Syndicate Ltd for the development and processing of the Star of Mangaroon gold project. This arrangement allows Dreadnought to commence mining operations without upfront funding, leveraging Black Cat’s expertise and infrastructure. The collaboration is expected to generate cash flows, supporting Dreadnought’s strategic objectives while it continues exploration activities. The agreement also outlines financial terms, including a profit-sharing structure, and positions Dreadnought to focus on further exploration and discovery efforts.
More about Dreadnought Resources Limited
Dreadnought Resources Limited is a company operating in the mining industry, focusing on gold exploration and production. The company is engaged in the discovery and development of gold resources, with a strategic emphasis on becoming a self-funded explorer through its ‘Finding More Gold Faster Strategy.’
Average Trading Volume: 16,670,217
Technical Sentiment Signal: Buy
Current Market Cap: A$167.8M
See more data about DRE stock on TipRanks’ Stock Analysis page.