Rare Earth Ironstone and Carbonatite Drilling Update – Mangaroon (100%)
In July 2022, initial discovery drilling at the Yin Ironstone Complex (“Yin”) intersected the thickest and highest-grade rare-earth ironstone intercepts seen in over 35 years of exploration in the Gifford Creek Carbonatite Complex. Over the next 12 months, Dreadnought would announce:
- Two JORC 2012 Mineral Resource (“Resource”) estimates at Yin for 20.06Mt @ 1.03% TREO (ASX 5 Jul 2023)
- An Exploration Target* of 50-100Mt of 0.9-1.2% TREO on the ~43km long Yin trend (ASX 13 Feb 2023)
- Discovery of additional rare earth ironstones at Sabre, Y8 and Y2
- Discovery of high-grade rare earth and niobium zones at the C3 and C5 carbonatites
First pass, wide spaced (400m x 40m) RC drilling of ~18km strike along the ~43km Yin trend is now complete with ~16 kms of mineralised ironstones confirmed.
Dreadnought Resources Limited (“Dreadnought”) is pleased to announce a drilling update from the first pass and resource drilling along the Yin Ironstone Complex and the recommencement of first pass drilling at the C1-C5 carbonatites, part of the 100% owned Mangaroon Project, located in the Gascoyne Region of Western Australia.