FinTechFunding

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
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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.

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