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Dreadnought Resources Limited ( (AU:DRE) ) has provided an update.
Dreadnought Resources Limited has announced a significant discovery at its Stinger niobium deposit within the Gifford Creek Carbonatite complex. A recent drilling program revealed a previously unseen thick rare earth carbonatite, with assays showing 140 meters at 0.9% total rare earth oxides (TREO). This discovery, which includes a fractionated zone enriched with barium and strontium, bears similarities to the Mountain Pass deposit in the US, suggesting substantial potential for further exploration. The findings are expected to enhance Dreadnought’s position in the critical metals market, attracting increased commercial interest and highlighting the Gifford Creek complex’s potential as one of the largest carbonatite complexes globally.
The most recent analyst rating on (AU:DRE) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Dreadnought Resources Limited stock, see the AU:DRE Stock Forecast page.
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. Their primary products include niobium, rare earths, titanium, scandium, and phosphorus, with a significant market focus on the Gascoyne region of Western Australia.
Average Trading Volume: 9,755,522
Technical Sentiment Signal: Buy
Current Market Cap: A$162.5M
For an in-depth examination of DRE stock, go to TipRanks’ Overview page.