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Dreadnought Resources Limited ( (AU:DRE) ) has shared an announcement.
Dreadnought Resources Limited has announced an upgraded scoping study for its Star of Mangaroon project, showing a 24% increase in initial production targets to approximately 24,000 ounces of gold. The study highlights improved financial outcomes, including a reduced maximum cash drawdown and a significant operating cash flow, driven by additional high-grade mineralization and favorable gold prices. The company is advancing towards production, with mining approvals submitted and contractor agreements in place, while also exploring opportunities to expand resources and extend operations.
The most recent analyst rating on (AU:DRE) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Dreadnought Resources Limited stock, see the AU:DRE Stock Forecast page.
More about Dreadnought Resources Limited
Dreadnought Resources Limited is a company operating in the mining industry, focusing on gold exploration and production. The company is primarily engaged in the development of its Mangaroon Gold Project, located in the Gascoyne region of Western Australia, and aims to leverage its critical and base metal assets to provide value to its shareholders.
Average Trading Volume: 15,305,404
Technical Sentiment Signal: Buy
Current Market Cap: A$190.2M
See more insights into DRE stock on TipRanks’ Stock Analysis page.