Price next leg up . Friday14th Noted good volume
$1,357,500 in JMEI tax credits to Dreadnought.
Concentrates from Tier 1 jurisdictions such as Australia are keenly sought after so as to provide diversity in the rare earth supply chain. The test work being undertaken by Dreadnought will assist in ensuring a competitive process for Dreadnought’s potential concentrates.
UPCOMING NEWSFLOW June-December: Ongoing drilling results from Mangaroon REE (100%)
June: Results of high-grade gold review (Mangaroon 100%)
21-22 June: Gold Coast Investment Showcase
June/July: REE Resource upgrade (Mangaroon 100%)
June/July: Results of nickel review with Newexco (Central Yilgarn 100%)
July: FLEM Results from Thunderer and Orion (Tarraji 80%, Yampi 100%)
July: Commencement of RC drilling at the Money Intrusion (Mangaroon First Quantum Earn-in)
July: Quarterly Activities and Cashflow Report 19-21 July: Noosa Mining Investor Conference
7-9 August: Diggers and Dealers Conference September: Commencement of drilling at Tarraji-Yampi (80% and 100%) December 2023 quarter: REE Resource upgrade (Mangaroon 100%)
First pass drilling will finish as planned in June 2023, following which infill drilling will commence on Y2 and other mineralised ironstones and mineralised carbonatites targeting Resource growth.
Need some assurance, share price dwindles.
$440,000 in Drilling Grants for Mangaroon and Orion
No, the Company is not aware of any information that if known by some would explain the recent increases in share price and volume traded.
Noted Share price 52 week High: 0.155cps
" " " " : 0.032cps
Directors have today increased their combined investment in Dreadnought from $3.1m to $4.5m
The Company also has exciting opportunities in gold, nickel and copper across the portfolio that will be tested in the near term.
Pump or Dump ..see what happens here.
- Summary: S&P DJI Announces March 2023 Quarterly Rebalance
- Price Sensitive: Yes
Rebalance kicks of Monday 20th.
So peruse the list:
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4g21yhH%2Fv%2FNr%2BrFiGug%3D
All Ordinaries: Removal 3DP
SIQ the balance sheet debt/ Equity not good either ( especially nervous in the high interest rate environment)
As at 31 December 2022, the Group had net assets of $31,317,209 (30 June 2022: $19,050,734 (restated)). During the half-year, the Group had cash outflows from operating activities of $575,846 (31 December 2021: $765,785 (restated)) and cash outflows from investing activities (including payments for exploration and evaluation activities) of $10,737,965 (31 December 2021: $3,953,323 (restated)).
Depreciation of the shareholder $$$$ at present
The heavy rare earth (HREE) results and associated P, Sr and Ba pathfinders are similar to those seen at the unconformity HREE Browns Range deposits owned by Northern Minerals Ltd. (ASX:NTU).
Firm commitments received for an institutional placement to raise $20.0m (before costs) at an issue price of $0.10 per share from institutional and sophisticated investors
• Proceeds primarily to be used to accelerate drilling activities at Dreadnought’s 100% owned Mangaroon Rare Earth (“REE”) Project where the range and scale of minerals have seen Mangaroon emerge as a worldclass critical metals province.
• Dreadnought will also advance its other projects including: Mangaroon Gold, Tarraji-Yampi, Central Yilgarn and Bresnahan as discussed below.
• In addition to the Placement, Directors of Dreadnought have made commitments to invest $1.4m at the same price as the Placement (subject to shareholder approval at a general meeting in March 2023) and will have a pro-forma ownership of ~13%, with a total investment of ~$4.5m.
Normal Trading Wednesday.
21 November 2022 BROAD, HIGH-GRADE ASSAYS AT YIN REE DISCOVERY – MANGAROON 100% DRE HIGHLIGHTS • Final assays received for 29 RC holes out of a 120-hole program continue to confirm thick, high-grade, rareearth element (“REE”) mineralisation at the Yin ironstone discovery.
- Release Date: 21/11/22 08:22
- Summary: Broad, High-Grade Assays at Yin REE Discovery
- Price Sensitive: Yes
Mangaroon covers >4,900 sq kms of the Mangaroon Zone in the Gascoyne Region of Western Australia. Part of the project is targeting Ni-Cu-PGE and is subject to an earn in with First Quantum Minerals Ltd (earning up to 70%) – Figure 5. The region is host to high-grade gold mineralisation at the Bangemall/Cobra and Star of Mangaroon gold mining centres and the high NdPr:TREO ratio Yangibana REE deposits. Dreadnought has located outcropping high-grade gold bearing quartz veins along the Edmund and Minga Bar Faults, outcropping high-grade REE ironstones, similar to those under development at Yangibana and outcropping high tenor Ni-Cu-PGE blebby sulphides in the recently defined Money Intrusion
- Summary: Mineralised Carbonatites Discovered at C3 and C4 - Mangaroon
- Price Sensitive: Yes
Below cross section of C3 & C4 of
The outlook:
28 September 2022 DRILLING COMMENCED C1-C5 CARBONATITES & Y8 DISCOVERY EXTENDS RARE EARTHS TO >6KMS HIGHLIGHTS • RC drilling has commenced at the C1-C5 rare earth element (“REE”) carbonatites where wide-spaced, first-pass drilling is designed to test the carbonatites undercover. Importantly, the carbonatites could be the source REE intrusions for the region and are analogous to the mineralisation style at Mt Weld (ASX.LYC) and Mountain Pass (NYSE.MP).
• Drilling at C1-C5 (83 holes for ~6,600m) is expected to take 6-8 weeks with assays expected through to the end of the March 2023 quarter. Regular updates will be provided as appropriate. • First-pass, wide-spaced drilling at the Sabre and Y8 ironstones is complete. These ironstones sit within the Yin Ironstone Complex and are comprised of multiple REE lodes over ~3kms of strike. This brings the total strike length of mineralised ironstones discovered in the Complex to ~6kms (Yin 3kms, Sabre ~1.5kms, Y8 ~1.5kms).
• In addition, high-grade rock chip results have been received from the outcropping ironstones at Y8 including: • MNRK0574: 7.56% TREO (1.33% Nd2O3+Pr6O11) • MNRK0575: 8.02% TREO (1.71% Nd2O3+Pr6O11) • Assays from Sabre and Y8 are expected in early November 2022 with follow up JORC Resource drilling to commence upon completion of the C1-C5 drilling. A JORC Resource for Sabre and Y8 is expected in the June 2023 quarter.
More- 2924-02573462-6A1111670 (markitdigital.com)
Mines Projects
Dreadnought currently has three West Australian projects providing a diverse mix of geological terrains, target commodities while ensuring year round news flow: Kimberley Cu-Ag-Au-Co, Ni-Cu-PGE, Mangaroon Ni-Cu-PGE-REE-Au and Central Yilgarn Au, Iron Ore, Ni, Cu, Li.
Closed at 14cps
Market Cap $364.
YIN DRILLING COMPLETE, SIGNIFICANT GROWTH POTENTIAL – MANGAROON 100% DRE
share Price reaction to 11cps up 4.76% Return (inc div) 1yr: 161.90% 3yr: 180.20% pa 5yr: 104.87% pa
Location: WA, Kimberley Ni-Cu-Au Projects, Mangaroon Ni-Cu-PGE JV & REE Au 100%,
Central Yilgarn Gold, Base Metals, Critical Minerals & Iron Ore Project,
