Australia's Dreadnought Resources hits 1-yr-high on rare earth find

Dreadnought Resources

25/07/2022 03:43

** Shares of mineral explorer Dreadnought Resources  DRE.AX 
rise as much as 13.7% to A$0.058, their highest since July 26,
2021
    ** Co says reverse circulation drilling at Yin prospect of
its Mangaroon Project in Western Australia intersected thick,
rare earth element mineralisation  urn:newsml:reuters.com:*:nASX7PJY71
    ** Says a diamond drill rig is currently mobilising to site
and will start diamond drilling in late July
    ** More than 25.4 mln shares change hands, 4.5 times the
30-day average of 5.6 mln shares
    ** As of last close, stock up 24.4% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))