New tenements added to WA projects
Dreadnought Resources is set to acquire up to 10 new tenements to complement its Mangaroon and Central Yilgarn projects in Western Australia.
- Dreadnought has agreed to acquire seven tenements (926km2) in two separate transactions with unrelated, third parties. The tenements are prospective for a range of minerals including rare earths. The transactions are subject to Completion and key terms are shown below.
- Dreadnought has also acquired an option to acquire three tenements (100 km2) in a transaction with another unrelated, third party. The tenements are prospective for a range of minerals including iron ore, nickel and gold. The key terms of the option to acquire are also shown below.
- The tenement acquisitions (subject to Completion and option exercise) complement our Mangaroon and Central Yilgarn projects.