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Dreadnought Resources Limited ( (AU:DRE) ) has provided an announcement.
Dreadnought Resources Limited has announced successful results from its recent RC drilling program at the Stinger REE-Nb target, part of the Mangaroon Critical Metals project. The drilling revealed high-grade deposits of critical metals such as rare earth elements, niobium, titanium, scandium, and phosphate, which are essential for the global energy transition and electronics and defense industries. The company is optimistic about the potential for further discoveries, with only a quarter of the Gifford Creek Carbonatite explored so far. Additional diamond drilling is underway to test high-grade REE targets, with results expected in early 2026. This development could enhance Dreadnought’s position in the critical metals market and contribute to economic growth in northern Australia.
More about Dreadnought Resources Limited
Dreadnought Resources Limited is a company operating in the mining industry, focusing on the exploration and development of critical metals. The company is engaged in projects that target rare earth elements, niobium, titanium, scandium, and phosphate, particularly in the Gascoyne region of Western Australia. Their market focus includes contributing to the global energy transition and supporting Australia’s strategic interests in critical minerals.
Average Trading Volume: 15,271,696
Technical Sentiment Signal: Sell
Current Market Cap: A$139.8M
Learn more about DRE stock on TipRanks’ Stock Analysis page.