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DRE - Dreadnought Resources

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Stockybailz said:
i'm hoping mid August (couple of days) they start spinning of drill targets. don't quite get were your coming from @kennas. Once drilling starts they should be able to finance sum results...
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Defining targets will come from the airbourne magnetic survey that was 'underway' according to your screenshot you put up on Wednesday. Then they'll prioritise the targets and decide which ones to drill first. Then they'll have to get the drill to the spot, maybe build a pad, and start cranking away. They may even announce they're about to start drilling before you get a sense of time before any actually holes are dug and then wait for results.
 
Dreadnought, back in business it would seem. Some results in today as expected. shows some positive news for the share price;


RC RESULTS FROM ORION, GRANT’S FIND & FUSO INDICATE A LARGE Cu-Au-Ag-Co SYSTEM HIGHLIGHTS
• Initial assay results have been received from drilling at Orion, Grant’s Find and Fuso. Significant
results include:

• Orion: 12m @ 1.6% Cu, 31.7g/t Ag and 0.5g/t Au from 45m (KMRC0107)
• Grant’s Find: 10m @ 2.3% Cu, 0.1 g/t Au and 0.03% Co from 101m (KMRC016)
• Including: 4m @ 4.9% Cu, 0.2 g/t Au and 0.07% Co from 106m
• Fuso: 1m @ 2.1% Cu, 3.9 g/t Ag, 0.1 g/t Au and 0.2% Co from 90m (KMRC012)

• Initial results of downhole and fixed loop EM surveys (“DHEM” and “FLEM”) from KMRC017 at Orion
indicate that only the edge of the magnetic target and the conductive plate were intersected. The
final surveys will be used to plan follow up drilling in mid-September 2021.

• The Fuso result is considered a near miss, with the magnetic anomaly still unexplained.

• The metal association between Orion, Grant’s Find and Fuso indicates that these targets (along with
Rough Triangle) are potentially part of a larger mineralisation system. Based on the success of the
initial program, the immediate drill focus will be on Orion, Grant’s Find and Fuso.
Dreadnought Resources Limited (“Dreadnought”) is pleased to announce that it has received rushed assays
over select 1m samples from the recently completed RC drilling program (18 RC holes for 3,511m) at the
Tarraji-Yampi Project in the West Kimberley region of Western Australia. Of the total of 1,542 samples
collected, 283 were rushed with the remaining assays expected in September 2021.
 
What a complicated system, DRE came out with some positive news yesterday. Expected to undertake a positive day, if not week. Buyers were thrown on to the sent. With a influx in volume, only to end up with a negative result. Kind of pissers me off, because I've got my money on DRE and expect a good result, as do others, only to be let down by the system...Hope today shows some improvements!
 
Calm down bud. This is the game - not an easy one
 
Miner said:
Calm down bud. This is the game - not an easy one
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Sucks Puss! makes it a kind of a obtuse game, I mean if you can't depend on your instinct then what is there! Got patients for this game, but only can trade on what I rely on. I guess I can only take a page out of the next Investors book, but were do you get all the research... Sorry to hear about it, have a good one...Just takes the buyers out and brings the sellers in...
 
Just referring our postings of August and today's announcement and market reaction after trading halt


 
The Dred in TH for exploration results. Interesting. Not sure what's due, they have a few irons in the fire. Maybe Yin REE



 
DRE has been bouncing along the 4c level for most of the last 12 months, but seems to have discovered its mojo. Now 6.5c, with nearly 3 Billion shares out there, working hard for holders.

Now in a Trading Halt to add to the supply, another 167 million shares to be issued at 6¢ each, about 5 per cent of its market capitalisation. Where is this going towards? Why, it's a REE play (and a bit of everything)
  • Mangaroon REE: high-grade, high NdPr, large scale: Yangibana- type ironstones confirmed; Mt Weld style carbonatites to be tested and could be regional source of ironstones : 9 out of first 12 holes intersected Ni-Cu sulphides
  • Tarraji-Yampi: Cu-Ag-Au-Co discovery at Orion and potential for look alikes
  • Central Yilgarn: strong regional iron ore interest, commercial & technical review underway
 

The interesting bit is the capital raise offer (through Canaccord Genuity) may get away at 6c, which is a very small discount for the usual mining cap raise gig .... (coming in at a 7.4 per cent discount to the last close, 1.4 per cent discount to the five-day VWAP and 0.8 per cent premium to the 10 day VWAP).

Dreadnought posted assay results from its first drill line at the Yin rare earth ironstone, which sits in its Mangaroon Project in the WA Gascoyne region. A JORC Resource is not expected until the December quarter, but "some investors were said to view it as the most significant rare earths discovery since Lynas Rare Earths" [or so goes the scuttlebutt].
 
Hi @Dona Ferentes ,

As I have said before, your contribution to ASF is impressive, you always appear...onestep ahead. DRE for me came up in a recent search, a very impressive chart.

Thanks for your time

bux
 
Can only see DRE going south from here? Just a quick impression looking at the chart only. When it comes to stocks I've always got to have a conspiracy theory. Tends to be how they work...Without taking any glamour away from DRE, I feel it may be exhausted from all the theocracy and long over due to settle it difference with the market. Like I said i can't be looking to far into it and by the sounds of thing it may surge yet can. Only time will tell?
 
Hi All, (First post)
been with DRE since 4 April, happy so far but looking through all the archived posts, this company has been around for awhile with little luck and now understand why they have so many outstanding shares on their books.
I was hoping that with Dreadnought Resources being so close to the Hastings Technology Metals mine and now Lanthanein Resources (also in the portfolio) kicking off their drilling program right next door, there could have been some government money to go to one of them to fund a processing plant (similar to what they did with Arafura). Alas, reading today, Hastings has semi joined with Wayloo and Neo and will be moving their RRE ores elsewhere for processing.
Thought a big player might also have seen three RRE players very close together with great resources and some M&A would occur.
 
The DRE chart is at an interesting juncture.

bux
 
bux2000 said:
The DRE chart is at an interesting juncture.

bux
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Yes the weekly had some consistent gains for a number of weeks leading into the trading halt at the end of August.
It was sold off after coming out of the trading halt from 14cents down to 11.5cents with a couple of high volume days.
I have a feeling it will recover as the announcements after the halt were quite positive.
It looks like the Gascoyne territory in WA will be a significant area for rare earths with Hastings (HAS) and DRE showing some outstanding finds and Lanthanein commencing drilling there too with high expectations.
 
Dreadnought has agreed to acquire 7 tenements (926km2) in two separate transactions with unrelated, third parties. The tenements are prospective for a range of minerals including rare earths.

It appears Australia has the 2nd most abundant source of rare earths outside of China making the Chinese very interested in securing supplies outside its own domain.

Not saying it's a takeover by a long shot, but DRE has performed very well over the last 6/7 months tripling since early April.
 
The initial MRE for the Yin REE resource is due out. Not sure what's factored in for it. No real movement in volume in the market as yet.





 
I think I saw a Bell Potter 'picks for 2023' include this in their list and thought this MRE would be around the 30Mt@1.2? % TREO.

 
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