Dreadnought Resources Continues Thick, High-Grade Rare Earths Encounters at Yin

THE DRILL SERGEANT: There appears to be nothing ‘rare’ about the rare earth elements (REE) potential of the Yin Ironstone Complex within Dreadnought Resources’ (ASX: DRE) Mangaroon project in Western Australia.

Dreadnought Resources reported assays results for 59 holes of extensional and infill drilling at the Yin Ironstone Complex that encountered high-grade neodymium and praseodymium (NdPr), which the company declared to further demonstrate the “global significance” of the rare earths at Mangaroon.

The company said the recent infill drilling at Yin includes some of the thickest and highest-grade NdPr intercepts to date including:

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36m at 2.75 per cent total rare earth oxide (TREO) (31 per cent NdPr:TREO) from 3m, including 12m at 6 per cent TREO (31 per cent NdPr:TREO) from 15m;

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28m at 2.6 per cent TREO (31 per cent NdPr:TREO) from 10m, including 12m at 4.73 per cent TREO (31 per cent NdPr:TREO) from 18m; and

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19m at 3.37 per cent TREO (30 per cent NdPr:TREO) from 30m, including 6m at 6.05 per cent TREO (31 per cent NdPr:TREO) from 36m.

“The high-grade NdPr or ‘payable’ results underscore the global significance of Yin,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“We are also seeing the effectiveness of Dreadnought’s regional geology model; the likely conversion of the large-scale Exploration Target; and the Resource intensity of Yin.

“The addition of high NdPr:TREO mineralisation north of the current Yin Resource remains highly encouraging as we look to include that material in our next Resource update.

“With Resource drilling nearly complete, we have returned to the C1-C5 carbonatites in search of further zones of high-grade rare earths and niobium and we look forward to additional discoveries within this highly prospective and fertile intrusive complex.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE