Australia's Dreadnought Resources surges on rare earths find at WA project

Dreadnought Resources

29/09/2025 06:03

** Shares of Dreadnought Resources DRE.AX rise as much as 31.3% to A$0.042, hitting their highest since late October 2023

** Stock logs its biggest intraday pct jump since September 1

** Mineral explorer reports rare thick mineralisation of total rare earth oxides (TREO), including neodymium (Nd) and praseodymium (Pr), at its Stringer niobium deposit, a part of its Mangaroon critical metals project in Western Australia

** Flags rebounding market sentiment for critical metals; says co has been receiving increasing amount of commercial interest

** More than 60.9 million shares change hands, 4.3 times the 30-day average

** Stock has more than tripled in value so far this year

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))