Dreadnought MD Dean Tuck used his presentation at the Diggers & Dealers Mining Forum to drive home the point – juniors make discoveries – and that the company was driving value with the drill bit across a portfolio of WA projects primed for discoveries:
- Mangaroon Ni-Cu-PGE-REE-Au
- Kimberley Cu-Ag-Au-Co, Ni-Cu-PGE
- Central Yilgarn Au, Iron Ore, Ni, Cu, Li
- Bresnahan HREE Au-Ag
Dreadnought’s (ASX: DRE) drumbeat of news, especially from the Mangaroon project in the Gascoyne region of WA, gave investors plenty to chew on.
In 2023 alone, the company drilled 359 RC holes (42,328m) and 19 diamond holes (2,444m) to deliver a 40% upgrade to the Yin Resource – which now sits at 20.06Mt at 1.03% TREO – and two new high-grade discoveries to the north of Yin.
Mr Tuck said Mangaroon sits in the region that contains the highest neodymium and praseodymium (together NdPr) to TREO ratios in the world, at 28-31 per cent. NdPr the key component in magnets needed for electric vehicles, and also has many other high-tech applications.
Mr Tuck, who celebrated his 40th birthday today, told delegates the company has no plans to take its foot off the gas, either.
Infill drilling continues and a second resource upgrade in 12 months is on the way. Metallurgy to shore up the resource is ongoing, and a planning for a scoping study is well advanced.
