Australia's Dreadnought Resources up on upbeat drilling results from niobium project

Dreadnought Resources

06/06/2024 03:24

** Shares of Dreadnought Resources  DRE.AX  rise as much as
21.9% to A$0.020, posting their biggest intraday percentage gain
since Aug. 31, 2023
    ** Stock hits its highest level since March 11
    ** Diversified miner posts positive drilling results from
its Mangaroon Critical Minerals Project in Western Australia
    ** Says results show dominant niobium mineral at project is
pyrochlore, which is a mineral from which ~95% of global niobium
is produced
    ** About 11.7 mln shares change hands, compared with the
30-day average volume of around 2.7 mln
    ** Stock down 46.7% YTD, based on last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))