Dreadnought Resources to Acquire Three Tenements within Western Australia's Mangaroon Gold Project; Shares Up 5%

MT Newswires Live07-26

Dreadnought Resources to Acquire Three Tenements within Western Australia's Mangaroon Gold Project; Shares Up 5% Dreadnought Resources (ASX:DRE) entered into an agreement with Redscope Enterprises, a ...

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Shares Up 5% Dreadnought Resources (ASX:DRE) entered into an agreement with Redscope Enterprises, a Venus Metals (ASX:VMC) subsidiary, to acquire 100% of the three tenements located within the Mangaroon gold project in Western Australia, according to a Friday filing with the Australian Securities Exchange.The acquisition involves a non-refundable deposit of AU$10,000 payable within five days of signing, AU$40,000 payable upon completion, and 16 million fully paid ordinary shares in Dreadnought. The company also agrees to pay Redscope a 1% gross revenue royalty on all metals and minerals produced from the tenements, the filing said.Target generation and definition work will begin with drill-ready targets upon completion of the transaction, according to the filing.Dreadnought Resources shares rose nearly 5% in morning trading.","kind":null,"is_publish_news":false,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454532133"}