Australia's Dreadnought Resources jumps on regulatory nod for open pit mining

Dreadnought Resources

23/04/2026 03:27

** Shares of Dreadnought Resources DRE.AX rise as much as 21.1% to A$0.02, their highest level since March 19

** On track to log its best session since September 29, 2025

** Diversified miner's mine development and closure proposal for open pit mining at the Star of Mangaroon, Western Australia, receives regulatory approval

** The native vegetation clearing permit, required for the destruction or removal of native vegetation, is expected to be received shortly, co adds

** About 8.9 million shares change hands, 1.9 times the 30-day avg

** Down 18.5% YTD, including the session's moves

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))