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An announcement from Dreadnought Resources Limited ( (AU:DRE) ) is now available.
Dreadnought Resources Limited has announced a significant 36% increase in the high-grade Measured and Indicated (M&I) resource at its Star of Mangaroon project, now totaling 27,000 ounces at 11.1g/t Au. This update, which includes a threefold increase in shallow ounces in the top 30 meters, is expected to enhance the project’s economics and cash flow. The company is progressing with commercial discussions to outsource key project components and is conducting further drilling to expand the resource. These developments align with Dreadnought’s ‘More Gold, Faster Strategy,’ aiming to become a self-funded explorer by leveraging high-grade open pit opportunities.
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 mining company operating in the gold industry, focusing on the exploration and development of high-grade gold resources. The company is primarily engaged in the Mangaroon Au project located in the Gascoyne Region of Western Australia, with a strategic emphasis on increasing gold production and enhancing project economics.
Average Trading Volume: 9,007,926
Technical Sentiment Signal: Buy
Current Market Cap: A$132.1M
For detailed information about DRE stock, go to TipRanks’ Stock Analysis page.