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DRE - Dreadnought Resources

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I'm taking DRE for the January Tipping Comp. It looks like it might have some support in now around that 0.09 area, so hopefully that holds and then gives me the chance for the upside if it comes.
Price above the 20d MA which is also rising, fingers crossed for some profit this month to start the year off in the right direction.

 
There's a bit of a backgrounder in the AFR on migration, attracting those with skills and the like. Texan Dean Tuck isn't one, rather he came to do a PhD, was homeless, lucked into jobs, had a stint at BHP before landing CEO at DRE....


Paul Chapman, an accountant and serial company-starter, was looking for someone “young and dumb to do all the dirty work” on a new exploration business he was going to create out of a sharemarket shell, Tuck says.

The company had $300,000 in cash, no employees, no mining or exploration approvals, and no relationships with organisations that owned the land it wanted to explore. Tuck offered to become the chief executive – and pay his own wage. He invested $30,000, which covered three months of his salary.

It wasn’t easy, but four years and 12 hires later, Dreadnought Resources reported, on 28 December, that it had discovered neodymium and praseodymium, two rare earths used in electric cars and wind turbines. The ore body, at the Yin prospect near Exmouth, contains 14 million tonnes, of which 1 per cent is estimated to be rare earths. Drilling over the next six months should find more.

Dreadnought, without raising one dollar of revenue, is now worth $300 million.

Tuck says he borrowed his leadership style from Google. “They train people up so the business wants them, but they want to leave,” he says. “I look forward to the day they [the Dreadnought staff] go off on their own and start their own businesses.”
 

Hopefully this is good for a spike.

 
went as high as 6.9c, now 5.8c. .... up 40 per cent .

Massive & Disseminated Ni-Cu Sulphides Intersected – Mangaroon (Earn-in)

HIGHLIGHTS
• RC drilling recently commenced at the Bookathanna North prospect along the 45km Money Intrusion, part of the Mangaroon Ni-Cu-PGE Project (First Quantum Minerals Earn-in). A total of 5 holes was planned for ~1,000m followed by down hole EM.
• The first hole (REYRC013, for 153m) was targeting a 37,000S conductor plate and has intersected ~14m of Ni-Cu sulphide mineralisation from 37m. The intersection includes 2m of massive sulphides and 12m of disseminated sulphides. The massive sulphides appear to be high tenor, comprised of 40-50% combined pentlandite and chalcopyrite in equal proportions.
• REYRC013 was the first of 2 holes to be drilled at Bookathanna North where two highly conductive plates have been modelled over a ~100m strike. Based on these results, additional holes will be drilled and DHEM crews are mobilising to Bookathanna North. After Bookthanna North, the rig will move to High Range to test 3 further conductors.
• Samples for REYRC013 are being rushed with assays expected in September 2023. Drilling is currently expected to take 1-2 weeks with assays and DHEM results expected in October 2023.
• This program is fully funded by First Quantum Minerals.
 
In response to a number of queries received at our Facebook page (ASX Traders United) regarding this particular stock, here's a chart analysis for Dreadnought Resources (DRE) considering the recent price action on 31st August.

 

Very good grades but not sure of the potential tonnage. Looks like it might be a nuggety deposit and perhaps hard to mine if it does get to scale. Will be interesting to see follow up drilling and if it hangs together in some sort of orderly fashion.
 

Share price movement may be get interesting once recent resistance of $0.036 from 13th November is cleared @Miner - until then, looks like it's struggling (see today's price wick as well as the price wick from 30th November). All of the best!

 
Thanks @IvoryWolf and @Sean K - both of your responses are useful to support the old adage : all that glitters is not gold.
 
In light of the ARU orgasm I'm searching for rare earths that will get a rub by the government. $2.1m to the Dred isn't quite $800m but have they got enough to come under the spotlight down the track? Their SP has been going the same way as ARUs was. South.

Maybe this project is nothing like Nolan's.

And, maybe they've just got too many projects running and can't focus..


 

Dreadnought goes after top gold targets at Yilgarn

Dreadnought Resources has begun its first focused campaign of drilling on four high priority gold targets at its Central Yilgarn project.
themarketonline.com.au
05 April 2024 10:33(AEDT) Dreadnought Resources (ASX: DRE) – a multi-metal explorer with a suite of projects across Western Australia – has begun its first focused campaign of drilling on four high priority gold targets at its Central Yilgarn project.

Earlier exploration by Dreadnought on the targets in question – Viper, Leghorn, Chicken Little and Honey – has revealed intercepts such as 15 metres at 1.5grams per tonne gold from 12 metres, including 3 metres at 6.7grams per tonne from 12 metres (Viper) and 48 metres at 0.7 grams per tonne gold from 27 metres including 21 metres at 1.3 grams per tonne from 54 metres (Leghorn).
 
Good evening
No money left in the kitty.

Announcement 05/08/24 (see attached):

Firm commitments have been received for $3.71m (before costs) at an issue price of $0.018 per share from institutional/sophisticated investors and Directors.
Directors have committed to invest $0.21m (subject to shareholder approval) bringing their total investment to $6.81m.

Proceeds to be used on exploration activities including: - - - Niobium drilling at the Gifford Creek Carbonatite; Mangaroon gold drilling; and Working capital.

Announcement 25/10/24 (see attached):
  • Dreadnought is pleased to advise that it has been awarded a co-funded diamond drilling grant under the WA Government’s merit-based Exploration Incentive Scheme (“EIS”) for its Mangaroon Critical Metals Project.
  • This is the third EIS grant that Dreadnought has received this year.
  • The EIS co-funded drilling grant is for up to $180,000 which will go towards two deep diamond drill holes to test the Stinger Niobium Discovery.
Quarterly published 30/10/24 (attached):
  • Developed a commercialisation strategy for gold which included a strategic acquisition of ~300km2 of highly prospective ground along the Mangaroon Shear Zone at Mangaroon Au (ASX: 26 July 2024).
  • Identified four strong off-hole conductors at Tarraji Yampi. (ASX: 4 July 2024).
  • Intercepted thick high-grade niobium in Gifford Creek Carbonatite at Mangaroon Nb-REE. (ASX: 19 August 2024 and 20 September 2024).
  • Identified visual sulphides at the Tiger Ci-Ai-Zn-Ag prospect - Mangaroon Gold. (ASX: 15 August 2024). Subsequent to the quarter end, the Company has
  • Released high grade gold intercepts from the Star of Mangaroon and significant results from Popeye, as well as visible gold logged in three diamond holes drilled as part of a Resource drilling program. (ASX: 1 October 2024).
  • Released significant results from Tarraji-Yampi with six new zones of mineralisation and four off-hole conductors. (ASX: 7 October 2024). • Released high grade niobium results from Mangaroon confirming fresh mineralisation over ~1.2km of strike. (ASX: 9 October 2024).
  • Released exceptional gold recoveries from Star of Mangaroon with metallurgical results highlighting the quality of the mineralisation, supporting the gold commercialisation strategy. (ASX: 14 October 2024).
  • Announced the award of a further co-funded grant under the Exploration Incentive Scheme (“EIS”) for diamond drilling which will provide critical information for the ongoing assessment of the Gifford Creek Carbonatite. (ASX: 25 October 2024).
  • Released further results from the Tiger VMS prospect at Mangaroon with significant base metal intercepts. (ASX: 29 October 2024).


weekly chart

Daily Chart


Not holding
Have a great week.


Kind regards
rcw1
 

Attachments

  • $371m-Placement-to-Advance-Niobium-and-Gold-Exploration.PDF
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  • Quarterly-Activities-Report---September-2024.PDF
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  • $180,000-EIS-Diamond-Drilling-Grant.PDF
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rcw1 said:
No money left in the kitty..
Click to expand...
spent that: and back for more
rcw1 said:
Announcement 05/08/24
Firm commitments have been received for $3.71m (before costs) at an issue price of $0.018 per share from institutional/ sophisticated investors and Directors.
Click to expand...
Up to A$10 million capital raising comprising A$8.5 million two tranche placement;
- A$6.1 million under the Company’s placement capacity under ASX Listing Rules 7.1 and 7.1A (Tranche One);
- A$2.4 million subject to shareholder approval at a general meeting of the Company to be held on or around 6 May 2025 (Tranche Two)
- Up to A$1.5 million share purchase plan
- Offer Price Offer price of A$0.012

Finding more gold, faster​
- Investor Presentation March 2025

... looks like the three musketeers:
 
wondering the market does not react with the drill result.
But if Next Investors publish the same prices will go through the roof.
THinking of putting it as my tip now. It is your tip until I formally lodge the tip.
 

Attachments

  • DRE_ASX_Shallow Thick HighGrades at Mangaroon incl 8m162 gt Au_1756072920.pdf
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$0.015

Star of Mangaroon Shines Gold Including 7m @ 46.7 g/t Au​

HIGHLIGHTS
• Assays have been received from an additional 16 infill holes (1,198m) on the northern and southern sections of the Star of Mangaroon. These have returned shallow, thick, high-grade intercepts including:
• SOMRC073: 7m @ 46.7 g/t Au from 27m, incl. 2m @ 103.8 g/t Au from 28m
• SOMRC078: 12m @ 20.6 g/t Au from 3m, incl. 2m @ 112.9 g/t Au from 6m
• SOMRC077: 3m @ 65.1 g/t Au from 93m, incl. 1m @ 162.8 g/t Au from 94m
• SOMRC070: 6m @ 17.6 g/t Au from 66m, incl. 1m @ 98.2 g/t Au from 70m
• These results are in addition to other recent infill drill results from Star of Mangaroon including:
• SOMRC062: 8m @ 16.2 g/t Au from 20m, incl. 3m @ 32.2 g/t Au from 20m
• SOMRC060: 4m @ 15.0 g/t Au from 72m, incl. 2m @ 29.3 g/t Au from 72m
• SOMRC056: 6m @ 3.8 g/t Au from 8m, incl. 1m @ 14.8 g/t Au from 9m
• Being shallow and high-grade, these results are expected to have a material, positive impact on both the Resource 23,300oz (56,600t @ 12.8 g/t Au), mine plan and project economics. Assays for the remaining 14 holes at Star of Mangaroon are expected in September 2025. An upgraded Resource, mine plan and study will then be completed as soon as possible.
• The next RC drilling program at Mangaroon Au will commence in early September
 
Miner said:
wondering the market does not react with the drill result.
But if Next Investors publish the same prices will go through the roof.
THinking of putting it as my tip now. It is your tip until I formally lodge the tip.
Click to expand...
Exactly one week back I raised the query why DRE is not been picked up with such an excellent gold discoveries. Latest one is a massive one to ignore and market rewarded with 33% increase putting me just after @Kyngdom . Hope both him and I should do well . For me within 10 would be better than my consistent wood spoon wins,
@Dona Ferentes has already published ASX announcement so I am just putting what I saw from Trading In fore casting or TA

Good luck all punters.
@peter2 @Sean K @So_Cynical @greggles @Dona Ferentes @DrBourse @farmerge @tech/a - what do you this stock's going forward in next 6 months (regardless of my tip)
 

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For somehow DRE stocks are going up and helping my tip until it goes wrong otherwise.
I was intrigued to look back and noticed in 2023 (posting #107) Dreadnought also released exciting stories but that is .chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02990283-6A1282548&v=c2533a54e2514fb77a8f93f84db686e1125273e9
 
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