DRE 5.88% 1.6¢ dreadnought resources ltd

Ann: Additional Orion Look-Alikes from Auger Program, page-26

  1. 5,713 Posts.
    lightbulb Created with Sketch. 8069
    There was a big wave of new shareholders (and pretend ones hehe) that came on after the Rare Earths discovery.

    I am not sure if any/all of these holders know much/anything about DRE's Kimberley project (today's Ann & SNAPSHOT page has most of the info):

    - Kimberley was (still is?) DRE's flagship project that they listed/RTO'd on
    - Company that DRE acquired the project from beat Rio Tinto to getting the project
    - project within the Govt/Defence Reserve
    - off limits to exploration since 1978 (due to Govt.)
    - half of all mineral discoveries in Australia were found after 1978
    - last exploration at Tarraji (Grants & Wilson prospects) was undertaken by the legendary late Roy Woodall himself with WMC (BHP) in the late 1950’s
    -- Roy went on to discover 150+ mineral deposits worth trillions of dollars (yes, actual numbers, Google him & his discoveries)

    Also, DRE's share price was at/higher than current SP on Kimberley exploration, before any Rare Earths drilling, let alone REE discoveries/resource.

    Kimberley project's Orion discovery had results like:

    - 16m @ 2.2% Cu, 6.6g/t Au, 38.7g/t Ag, 0.4% Co, from 83m (i.e. 16m @ 13.4g/t AuEq)

    So, 13 Orions/look-alikes, gets us long-timers a bit excited.

    Cheers,

    GB.
    Last edited by Green Bull: 18/05/23
 
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