YIN RESOURCE TO GROW

Dreadnought Resources Limited announced an update on drilling activities at Yin, part of the 100% owned Mangaroon project, located in the Gascoyne Region of Western Australia. Wide-spaced, first-pass, RC drilling is testing the Yin Exploration Target. Drilling to date (40 holes for 5,697m) has confirmed ~3kms of mineralisation along strike of the Yin Resource. Mineralisation has been confirmed by portable XRF (“pXRF”) with assays expected in the June 2023 quarter. These results are expected to grow the Resources which will be upgraded in the June 2023 quarter. A second RC rig and a diamond rig have arrived on site and commenced drilling. The second RC rig will focus on the first pass, wide-spaced drilling of the C1-C7 carbonatites. The diamond rig will provide ongoing support for Resource upgrades, metallurgical test work and geotechnical studies. These systematic drill programs have the potential to rapidly add significant Resources.

Dreadnought’s Managing Director, Dean Tuck, said:

“Identifying ~3kms of mineralised ironstones along strike from the 3km long Yin Resource has certainly got the 2023 drilling program off to a flying start. These results are expected to grow the Resource in the June 2023 quarter. We are excited to have two RC rigs on site and to be re-commencing our unfinished first pass, wide-spaced drilling of the C1-C7 carbonatites. We are now in full swing at Mangaroon.”