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Dreadnought Resources Limited ( (AU:DRE) ) has provided an announcement.
Dreadnought Resources has secured regulatory approval for its Mine Development and Closure Proposal for an open pit at the Star of Mangaroon deposit within its Mangaroon Gold Project in Western Australia. The company expects to receive a Native Vegetation Clearing Permit shortly, clearing another key hurdle toward commencing operations.
The project underpins Dreadnought’s strategy to become a self-funded explorer by outsourcing funding, development, haulage and processing to third parties, reducing reliance on capital markets. Cash flow from the Star of Mangaroon open pit, developed with joint venture partner Black Cat, is intended to support further exploration and potential future commercialisation of other assets such as Metzke’s Find, while Dreadnought retains full ownership of the underground potential at the deposit.
More about Dreadnought Resources Limited
Dreadnought Resources Limited is an Australian mineral exploration company focused on gold projects in Western Australia. Its portfolio includes the 100% owned Mangaroon Gold Project in the Gascoyne region, where it targets high-grade deposits and aims to leverage third-party processing infrastructure to support a self-funded exploration model.
Average Trading Volume: 4,957,112
Technical Sentiment Signal: Sell
Current Market Cap: A$108.8M
For an in-depth examination of DRE stock, go to TipRanks’ Overview page.