Dreadnought Resources Advances FLEM surveys with First Quantum Minerals
- Dreadnought Resources (DRE) restarts fixed-loop moving electromagnetic (FLEM) surveys at the Money Intrusion within the Mangaroon project in Western Australia
- The survey is testing shallower portions of a recently confirmed bladed/funnel intrusion for accumulations of massive sulphides
- First Quantum Minerals is funding the survey as part of an earn-in to gain a 51 per cent stake in five Mangaroon tenements by funding $12 million of expenditure by early 2026
- Dreadnought expects the program will wrap up in December with results anticipated in the March quarter
- Shares in Dreadnought are down one per cent to trade at 9.9 cents at 1:38 pm AEDT
