DRE 5.88% 1.6¢ dreadnought resources ltd

Ann: Significant Regional Consolidation - Central Yilgarn Project, page-49

  1. 3,092 Posts.
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    Some background on the Arrow acquisition.

    https://hotcopper.com.au/data/attachments/4506/4506765-b6ea94e963bf462bec2569c3b480fe95.jpg



    • Shows relationship to Illaara.
    • T 1-14 targets (not all shown) mentioned by AMD and this announcement. AMD drilled well over 1000 aircore holes plus some RC and at least one diamond hole. Some selected early AMD holes with elevated grades 24 25 30 are visible which mask others.
    • MI0 - MacArthur mining where the relatively small excised blocks host large resource of magnetite bearing BIF.
    • West of Yerilgee is a Nature reserve.
    • https://hotcopper.com.au/data/attachments/4506/4506727-231ef810b88009078f5a974f0939cf8c.jpg

    Yerilgee magnetics + some historical drilling

    https://hotcopper.com.au/data/attachments/4506/4506734-3cff4d94394e7c796981b17069f8ab10.jpg

    Detail of the central to south portion with early drill holes mostly targeting Fe.

    https://hotcopper.com.au/data/attachments/4506/4506779-d7d8f3f2574ab4c48aacf77c2c923d6e.jpg

    ==============
    Evanston block

    https://hotcopper.com.au/data/attachments/4506/4506795-75da3a501599eba4556dbf96509555ac.jpg


    ================
    AMD and DRE apparently had some words over the acquisition of Illaara in the late teens.
    AMD signed an access agreement with MacArthur for Miscellaneous licenses and received payment.

    A couple of snips from early AMD work showing the Anomaly numbers and source of locations for T1, 2 etc above.

    https://hotcopper.com.au/data/attachments/4506/4506801-4fc524df42bb9eb8e3378971eb073cfb.jpg
    https://hotcopper.com.au/data/attachments/4506/4506804-330526a08171a3eb361cd607fa4a4296.jpg

    DRE have a lot of ground to explore in the expanded Illaara area. Will keep them busy in the Wet season at Yampi and ?Mangaroon.

    Probably wouldn't have taken on this extra ground if they didn't feel that could explore it properly.

    As Crosby probably asked 'how are they going to fund it?' On ignore for me ATM.
    Last edited by salpetie: 14/07/22
 
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