Dreadnought Resources Reports Large, High Confidence Yin Ironstone Resource

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) has delivered an updated Mineral Resource Estimate (MRE) for the Yin REE Ironstone Complex thin the company’s 100 per cent-owned Mangaroon project in Western Australia.

Dreadnought Resources reported the Yin REE Ironstone Complex Resource to now stand at 29.98 million tonnes at 1.04 per cent total rare earth oxides (TREO), 87 per cent of which is in the high confidence Measured & Indicated categories delivered in only 18 months from discovery.

The company declared the updated MRE confirms the Mangaroon project as a, “globally significant critical minerals complex”, with a combined, high confidence Resource at Yin and the Gifford Creek Carbonatite of 40.82 million tonnes at 1.03 per cent TREO.

“Since drilling commenced in June 2022, Dreadnought has delivered another substantial increase in the initial Resource over just 4.6 kilometres of the Yin Ironstone Complex,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“The upgraded independent Resource confirms Yin as a high-grade and high Resource intensity deposit.

“Both material factors in a project’s economics.

“Yin continues to demonstrate one of the highest NdPr (neodymium-praseodymium):TREO ratios in the world.

“We are proud of how much has been achieved in such a short space of time and are looking forward to continuing to build on the regions potential in 2024.”

 

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