DRE 6.67% 1.6¢ dreadnought resources ltd

Ann: Drilling Commenced - Gifford Creek Nb-REE Carbonatite, page-7

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  1. 5,760 Posts.
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    Looks like they've extended/doing more Niobium drilling then previously indicated in June (18 holes for 2,000m - up from 15 holes for 1,500m).

    Makes sense as Niobium gave the SP a kick up from under 2c, and it's currently and recently the hottest commodity.

    WA1 MC over $1B, ENR just under $300M, and a new wannabe acquiring (potential) Niobium projects it seems every week.

    Niobium price currently about what the NdPr price was when DRE hit a $471M MC.

    DRE already have the best Niobium drill results in Australia outside the Arunta, and that's from wide-spaced, first-pass drilling, that wasn't even targeting Niobium.

    Now they're targeting Niobium, using their knowledge from prior drilling for REEs + gravity + airborne EM + magnetics, so hopefully we'll get more of the same (36m @ 1.0% Nb2O5 from 39m) or better.

    Niobium drilling to be completed in 2 weeks.

    Then it's off to drilling Tiger VMS.

    Then it's off to drilling the Mangaroon Gold.

    Cheers,

    GB.
 
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