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An update from Dreadnought Resources Limited ( (AU:DRE) ) is now available.
Dreadnought Resources Limited has announced an initial inferred mineral resource for the Orion deposit, part of the Tarraji-Yampi project, confirming it as a Besshi-style volcanogenic massive sulphide system. The resource contains significant quantities of copper, gold, silver, and cobalt, with potential for further discoveries and extensions. This development positions Orion as a potentially significant economic contributor to the West Kimberley Region, especially following the closure of the Koolan Island Iron Ore mine. The project’s location in a critical minerals zone underscores its importance for Australia’s strategic interests and the global energy transition.
More about Dreadnought Resources Limited
Dreadnought Resources Limited is a mining company engaged in the exploration and development of mineral resources. The company focuses on discovering and developing copper, gold, silver, and cobalt deposits, particularly in Western Australia. Its primary project, Tarraji-Yampi, is located in the Kimberley Region and is part of the Northern Australia Infrastructure Facility zone, highlighting its strategic importance for critical minerals essential for global energy transition and economic development.
Average Trading Volume: 14,981,440
Technical Sentiment Signal: Buy
Current Market Cap: A$151.9M
For an in-depth examination of DRE stock, go to TipRanks’ Overview page.