DRE 5.56% 1.7¢ dreadnought resources ltd

Ann: Broad, High-Grade Assays at Yin REE Discovery - Mangaroon, page-94

  1. 3,106 Posts.
    lightbulb Created with Sketch. 8515
    DT has said many times HAS has done a lot of the heavy lifting to date in the Gascoyne.

    These images of planned pits are another example.

    For me it is easy to see the better sections of Yin as 2 to 3 pits. The details will change with more drilling but if the REE narrative remains strong there is a high chance of multiple pits, by someone, on what is now DRE ground.

    Sabre - early days but probably as good as some of HAS deposits especially for thickness. Grade to come.

    Then a large number of possible targets!
    At least 20 of the 100 or so thorium targets have made it past the first inspection. Some didn't.
    C1-7.....

    https://hotcopper.com.au/data/attachments/4754/4754167-b3d24cfceef596ae74b7c16b1144bef8.jpg
    For location purposes

    Six images of planned pits.
    Once they bed down the mine exploration of their ground will go ahead if it isn't already happening. Maybe HAS will get some clues from DRE along the Lyon River structure though it has probably seen first pass mapping and sampling if not drilling.
    https://hotcopper.com.au/data/attachments/4754/4754169-25591dcee04775a6f6ca286888b6d99b.jpg


    Transposing Fraser's 3 pits to a satellite image with fairly up to date drilling data as an example for what could be used at Yin.
    Line spacing a bit difficult to work out but mainly 50m with local probable 25m.

    Zones between pits have been drilled.

    https://hotcopper.com.au/data/attachments/4754/4754542-3911975fc9dfed53a224dd1029b154ba.jpg


    https://hotcopper.com.au/data/attachments/4754/4754541-1870d99e2ac88fc19f6a2cdfe6ce3093.jpg

    https://hotcopper.com.au/data/attachments/4754/4754171-dcfa0100d71d6410d3097baa41adc912.jpg
    https://hotcopper.com.au/data/attachments/4754/4754172-5abc1ed9cb14cf8ff5a9a36cc826419e.jpg
    Source 21/7/21 announcement from HAS.

    This table of HAS deposits gives some idea of what has made it into their ore reserves from a geometry aspect. Some to good down dip continuity is implicit as preliminary mining plans are given.

    https://hotcopper.com.au/data/attachments/4754/4754194-68c277cbdd18b4c538214ae5e2b3db7c.jpg


    Yin has down dip continuity, good thicknesses and mainly moderate dips amenable to possible open pit mining.

    Yin has many things going for it but to reach production many hurdles need to be jumped.


 
watchlist Created with Sketch. Add DRE (ASX) to my watchlist
(20min delay)
Last
1.7¢
Change
-0.001(5.56%)
Mkt cap ! $63.46M
Open High Low Value Volume
1.7¢ 1.8¢ 1.7¢ $18.14K 1.062M

Buyers (Bids)

No. Vol. Price($)
10 1696568 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.8¢ 806086 3
View Market Depth
Last trade - 16.10pm 30/08/2024 (20 minute delay) ?
DRE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.