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Golden State Mining’s (ASX:GSM) shares drop following exploration update
  • Dreadnought Resources (DRE) has entered a trading halt ahead of a capital raise announcement
  • Recently, Dreadnought conducted a review of its historical, high-grade iron ore prospects within the Illaara Greenstone Belt in WA
  • These prospects contain the potential for significant, high-grade iron ore, similar to that found in other deposits within the Yilgarn iron ore region
  • Further, Dreadnought will soon commence reverse circulation drilling at Metzke's Find, Longmore's and Black Oak within the Illaara Project
  • Company shares last traded for 0.9 cents on July 31

Dreadnought Resources (DRE) has entered a trading halt ahead of a capital raise announcement.

The company's shares will remain in a trading halt until the earlier commencement of trading on Wednesday, August 5.

Recently, Dreadnought conducted a review of its historical, high-grade iron ore prospects that lie within the Illaara Greenstone Belt in Western Australia.

These prospects contain the potential for significant, high-grade iron ore similar to that found in other deposits within the Yilgarn iron ore region. Importantly, there are also broad zones which contain higher-grade material of more than 62 per cent iron.

Dreadnought has engaged a commercial, logistics and operational iron ore expert to further develop iron ore potential at Illaara.

The company's upcoming activities include a reverse circulation drilling program at Metzke's Find, Longmore's and Black Oak within the Illaara Project.

Company shares last traded for 0.9 cents each on July 31.


Find out more about this capital raise


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