Dreadnought Resources (ASX:DRE) identifies REE areas at Gifford-Mangaroon
December 6, 2023Dreadnought Resources’ journey in the Gascoyne region of Western Australia has seen it discover three more areas of rare earth and critical minerals mineralisation at the Mangaroon project.
Mangaroon covers about 5,200 square kilometres, about 250km south-east of Exmouth.
Drilling about 17 kilometres at the Gifford Creek REE-niobium-phosphate-titanium-scandium carbonatite at the project has highlighted three additional areas of TREO mineralisation.
One zone had already been identified, with less than 25% of the carbonatite tested.
Among the highlighted results from the first-pass wide-spaced reverse-circulation was 12 metres at 1.14% TREO for a 24% NdPr: TREO ratio from 36m in the CBRC139 intercept.
The highlight was found within a larger CBRC139 interception of 27m at 0.87% TREO for a 25% NdPr:TREO ratio from 30m.
Other critical minerals were unearthed with the RC drilling, including some of the highest-grading niobium, phosphate and scandium results so far at the wholly-owned project.
These included 3m at 1.37% Nb2O5 from 90m in the CBRC138 intercept.
Dreadnought Managing Director Dean Tuck said Gifford Creek carbonatite contained significant areas of rare earth, niobium, phosphate and scandium.
“With four zones of mineralisation already identified and only ~25% of the intrusion tested by wide spaced, first pass drilling we remain confident of the potential for a significant, high-grade discovery,” Tuck said.
The MD said Dreadnought had fingerprinted potentially high-grade zones using surveys and its knowledge of its existing resources at the project.
“These high priority targets will be RC drilled in early 2024 with the co-funding support of the GSWA’s Exploration Incentive Scheme,” he said.
About Mangaroon project
Mangaroon is a globally significant critical minerals complex with a combined resource of 40.82Mt @ 1.03% TREO at Yin and Gifford Creek carbonation. The project has a scale at the Yin resource updated in November, which features 29.98Mt measured and indicated resources at 1.04% TREO from 4.6km of a 43km strike. In August, Dreadnought unveiled a 10.84 Mt Gifford Creek resource grading 1.00% TREO.
The resource covers a small 600m-by-550m area of carbonation, now known to be more than 17km by 1km. It contains critical minerals such as rare earths, niobium, phosphate, titanium and scandium.
Dreadnought expects another assay result in December or January from additional Au, Ni-Cu-Co-3PGE and REE drilling at the project.
The Mangaroon project is one of four projects held by the WA minerals explorer in its home state.
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