Dreadnought hits over 10-yr high on rare-earths find in Western Australia project

Dreadnought Resources

28/07/2022 04:23

** Shares of mineral explorer Dreadnought Resources  DRE.AX 
climb as much as 24.6% to A$0.071, their highest since March 27,
2012
    ** Co says laboratory results have confirmed thick,
high-grade rare-earths mineralisation from first drill line at
Yin rare earth ironstone within its Mangaroon Project in Western
Australia  urn:newsml:reuters.com:*:nASXc17R2j
    ** Says infill reverse circulation drilling at Yin is
underway with a diamond rig starting in late July 
    ** Shares mark their biggest intraday pct gain since April 4
    ** More than 31.3 mln shares change hands, 3.5 times the
30-day average of 8.9 mln shares
    ** As of last close, stock up 39% this year
    

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))