Initial High-Grade, Independent Resource Over 3kms at Yin
Highlights
- Initial Independent JORC 2012 Mineral Resource over 3kms of the Yin REE Ironstone Complex delivers significant high grade foundation for substantial Resource growth. The initial Resource of 14.36Mt @ 1.13% TREO is based on 2.5 months of RC drilling (117 holes| 11,907m) between June-August 2022.
- The robust nature of the initial Yin Inferred Resource is demonstrated by significant contained Nd2O3+Pr6O11 (“Nd+Pr”) at various cut-off grades with the lowest (0.20% TREO) approximating the cut-off used at the close-by and advanced-stage Yangibana Project:
- Initial Resource only covers ~10% of the Yin Ironstone Complex which currently consists of ~30kms strike. Importantly this Resource does not include the Sabre or Y8 ironstone discoveries nor any of the C1-C7 carbonatites.
- RC and diamond drilling will recommence in February/March 2023 along the ~30km of strike at Yin as well as theC1-C7 carbonatites. Additional Resource updates will be announced during 2023.
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Dreadnought Resources is pleased to announce the initial Resource covering only 3kms of the ~30km long Yin Ironstone Complex at the 100% owned Mangaroon, located in the Gascoyne Region of Western Australia.
Managing Director Dean Tuck said that Dreadnought has delivered a substantial initial Resource, paving the way for significant Resource growth drilling in 2023.
“Since drilling commenced in June 2022, Dreadnought has delivered a substantial initial Resource over just 3kms of Yin paving the way for significant Resource growth drilling in 2023. The initial independent Resource confirms Yin as a high-grade and high Resource intensity deposit. Both material factors in a project’s economics.
Yin also has some of the highest NdPr:TREO ratios in the world. We are proud of how much has been achieved in such a short space of time. We are also looking forward to building on our success in 2023.”