Dreadnought Resources: Spends $1.9 million on exploration activities in Dec quarter

Dreadnought Resources Spends $1.9 million on exploration activities in Dec quarter

• Dreadnought Resources (DRE) spends $1.9 million on exploration activities in WA, a reduction from the previous quarter in which it spent $2.2 million
• Over the period, the company tested 20 targets, saw 16 significant intercepted, and drilled a total of 2,904 metres
• The objective for 2022 is to deliver a resource at both Orion and Grant’s Find at the Tarraji-Yampi project
• The company finished the quarter $5.7 million in cash and cash equivalents, which is estimated to last 2.75 quarters
• Shares closed 2.7 per cent lower today at 3.6 cents each