Australia's Dreadnought Resources touches 11-year high on rare earth discovery
05/09/2022 02:27
** Dreadnought Resources Ltd DRE.AX rises as much as 10.7%
to A$0.155, its highest since June 14, 2011
** Copper-nickel-rare earths miner confirms rare earth
element mineralization at Mangaroon Project in Western Australia
(https://bit.ly/3cPjPcP)
** Says the diamond rig continues to drill twin holes at the
site in preparation of an initial JORC Resource due in Dec 2022
quarter
** Says supply chain security and low carbon transition are
of vital importance against heightened geopolitical tension
pushing supply away from China
** As of last close, shares up 241.5% YTD
(Reporting by Echha Jain in Bengaluru)
((Echha.Jain@thomsonreuters.com;))
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