Berkshire is hoarding so. much. cash.
Dreadnought's Magnificent Unveiling: Rare Earth Treasures Discovered in WA's Mangaroon
Dreadnought Resources Unveils Significant REE-Nb-P-Ti-Sc Carbonatite Discovery at Gifford Creek – A Potential Game Changer in Western Australia’s Gascoyne Region
Dreadnought Resources Limited revealed groundbreaking results from initial drilling at the Gifford Creek Carbonatite within the Mangaroon Project, showcasing exceptional rare earth elements (REE) alongside tantalizing finds of niobium, phosphate, and scandium. The wide-spaced drilling of around 17 kilometers unraveled three new zones of noteworthy mineralization, fortifying the potential for a significant, high-grade discovery.
Who Is Involved?
Dreadnought Resources Limited, helmed by Managing Director Dean Tuck, spearheaded this remarkable discovery, solidifying the Mangaroon Project as a critical minerals hub, boasting an extensive Resource estimated at 40. 82Mt @ 1. 03% TREO.
Why Is It Important?
The recent drilling uncovered four mineralization zones, covering only a fraction of the Gifford Creek Carbonatite's vast territory, hinting at the possibility of further high-grade discoveries. These findings hold immense significance within the global rare earth landscape, given their strategic importance in low-carbon transition technologies and supply chain security amid geopolitical tensions.
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What Did the Drilling Reveal?
The exploration drilling revealed a rich bounty of critical minerals, with notable results such as 12 meters @ 1. 14% TREO, 3 meters @ 1. 37% Nb2O5, 6 meters @ 18. 4% P2O5, and more. The data signals the potential for significant, high-grade zones, triggering plans for additional drilling in early 2024, backed by co-funding from GSWA's Exploration Incentive Scheme.
What Lies Ahead?
With the Mangaroon Project boasting a globally significant critical minerals complex and the Gifford Creek Carbonatite expanding to over 17 kilometers, the potential for further significant discoveries is promising. Further drilling, comprehensive metallurgical studies, and collaboration possibilities with downstream industry participants are anticipated, showcasing a promising future for the Mangaroon Project.
The exciting discoveries at Gifford Creek Carbonatite could mark a significant milestone in Dreadnought Resources' quest to uncover high-grade critical mineral deposits and position itself as a key player in the global rare earth landscape. As exploration continues and new zones are identified, the spotlight intensifies on Mangaroon's potential as a cornerstone for critical mineral supply in the world's clean energy transition.
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Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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