Dreadnought Resources Limited (AU:DRE) has released an update.
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Dreadnought Resources Limited has reported promising high-grade gold intercepts from recent drilling at the Star of Mangaroon and the newly discovered Popeye prospect, both in Western Australia. Visible gold was identified in several drill holes, with an initial Mineral Resource Estimate expected in November 2024, signaling potential for high-grade open-pit operations. The company’s strategy focuses on transforming into a self-funded explorer by outsourcing cash-flow generating activities while concentrating on exploration and growth.
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