Australia's Dreadnought Resources jumps on deal to buy five new tenements in WA

Dreadnought Resources

12/09/2022 06:14

** Shares of mineral explorer Dreadnought Resources Ltd
 DRE.AX  rise as much as 6.3% to A$0.128, highest since Sept. 9
    ** Co says it entered into a deal to acquire five tenements
in Western Australia's Gascoyne region  urn:newsml:reuters.com:*:nGLF4VTVr2
    ** Says acquired tenements hold at least 10 historical gold
mines and are highly prospective for gold, base metals, and rare
earths
    ** Says it has already paid A$75,000 ($51,262.50) to acquire
the tenements, with a further A$300,000 to be paid at completion
   
    ** Stock had risen 192.7% this year, as of last close 


($1 = 1.4631 Australian dollars)

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))