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Dreadnought Resources (ASX:DRE) confirms high-grade REE findings at Mangaroon
Source: Dreadnought Resources
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  • Dreadnought Resources (DRE) confirms high-grade rare earth element ironstones over 2.5 kilometres from the Yin Prospect at the Mangaroon Project in WA
  • Significant rock chip results from twelve prospects include 7.5 per cent total rare earth oxide, with a ground magnetic survey confirming the ironstones continue under shallow cover between outcrops
  • Dreadnought says a detailed airborne magnetic-radiometric survey will be flown over all twelve of the currently identified prospects in the December 2021 quarter
  • Dreadnought Resources last traded at 3.9 cents on July 16

Dreadnought Resources (DRE) has confirmed high-grade rare earth element (REE) ironstones over 2.5 kilometres from the Yin Prospect at the Mangaroon Project in WA.

Twelve REE prospects have been identified to date, based on wide-spaced radiometric anomalies coincident with apparent ironstone outcrops. Eleven of these prospects are still pending inspection.

Significant rock chip results include 7.5 per cent total rare earth oxide, including 2.73 per cent neodymium oxide and praseodymium oxide.

The company says the total rare earths oxides (TREO) from the Yin Prospect exhibit similar mineralogical features to those found at Yangibana, located around 15 kilometres away. As a result of this, samples have been submitted for lab testing to confirm similar metallurgical characteristics.

A ground magnetic survey has confirmed the Yin ironstones continue under shallow cover between outcrops.  Dreadnought says a detailed airborne magnetic-radiometric survey will be flown over all twelve of the currently identified prospects in the December 2021 quarter.

“The metallurgical assessment will focus on the potential for the TREO to be upgraded into a saleable intermediate product in the form of a concentrate,” Dreadnought’s Managing Director Dean Tuck said.  

“In the interim, work in the Kimberley continues with two rigs and a ground geophysical crew operating,” said Dean Tuck.

Dreadnought Resources last traded at 3.9 cents on July 16.

DRE by the numbers
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