Dreadnought Resources: Confirms HREEs at Bresnahan, WA

Dreadnought Resources Confirms HREEs at Bresnahan, WA

  • Dreadnought Resources (DRE) confirms the potential for its Bresnahan Basin project in Western Australia to host ‘unconformity’ heavy rare earth elements (HREEs)
  • Surface samples collected in November confirmed alteration, veining, brecciation and related hematite and manganese alteration associated with prospective structures
  • The assays confirmed rare earths and widespread pathfinders the company says are similar to those seen at the Browns Range deposit in north Australia
  • DRE plans to complete geophysical surveys and systematic mapping and sampling of the 300 kilometres of strike along major structural trends to define targets
  • Company shares are trading 2.38 per cent higher at 11 cents at 2:36 pm AEDT
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Lloyds Strengthens AI Strategy After Assessing Financial Value of Deployments

The bank plans to enhance its artificial intelligence capabilities further.Highlights: Lloyds assesses the financial value of its AI...

Santander Tightens Operations with Closure of 44 More Branches

The bank continues its restructuring as customer preferences shift to digital banking.Highlights: Santander is closing 44 more branches...

Stablecoin Bank Kontigo Suffers Cyber Attack, Disrupting Operations

The cyber incident raises concerns about security in fintech.Highlights: Kontigo, a prominent stablecoin bank, experienced a cyber attack.The...

Universal Launches UAE’s First Central Bank Registered Stablecoin

The new digital currency aims to enhance financial transactions in the UAE.Highlights: Universal launched the UAE's first Central...