Dreadnought Resources Increases Mineralised REE Ironstones

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) completed regional surface sampling that has extended the current strike of the Yin Rare Earth Element (REE) Ironstone Complex at the company’s 100 per cent-owned Mangaroon project, located in the Gascoyne Region of Western Australia.

Dreadnought Resources reported the surface sampling along the Yin REE Ironstone Complex has increased the mineralised ironstones by approx. 13 kilometres to around 43kms, including the addition of two further ironstone trends (Y9 and Y42).

Latest results include:

From Y42:
MNRK0602
4.68 per cent total rare earth oxide (TREO), 2.25 per cent neodymium (Nd2O3)+ Praseodymium (Pr6O11) (48% NdPr:TREO); and

MNRK0598
5.65 per cent TREO, 2.54 per cent Nd2O3+Pr6O11 (45% NdPr:TREO)

From Y9:
MNRK0650
4.05 per cent TREO, 1.01 per cent Nd2O3+Pr6O11 (25% NdPr:TREO); and

MNRK0652
3.77 per cent TREO, 1.09 per cent Nd2O3+Pr6O11 (29% NdPr:TREO)

From Yin:
MNRK0612
5.12 per cent TREO, 2.26 per cent Nd2O3+Pr6O11 (44% NdPr:TREO); and

MNRK0611
1.68 per cent TREO, 0.75 per cent Nd2O3+Pr6O11 (45% NdPr:TREO)

Y42 has produced some of the highest NdPr:TREO ratios to date while Y9 greatly expands the scale of the Yin Ironstone Complex being located some 12kms northwest of Yin.

“These results further emphasise the ever-increasing scale of the critical metals at Mangaroon,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“With only one surface sampling program we have: increased the mineralised ironstones by over 40 per cent; confirmed increasing NdPr:TREO ratios at Yin; discovered two new ironstones at Y9 and Y42; and confirmed that the C7 carbonatite is mineralised.

“With over 43 kilometres of mineralised ironstones, a multi-metal, regional source at C3 and six more potential source carbonatites, we are extremely excited about what the drill rigs will deliver for us in 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE