At the time of writing, the rare earths explorer's shares are up 6% to 3.5 cents.

Why is the Dreadnought share price jumping?

Investors have been buying the company's shares today after it announced a significant resource increase and upgrade at the Yin REE Ironstone Complex, which is part of the 100% owned Mangaroon project in the Gascoyne Region of Western Australia.

According to the release, the resource now totals 29.98Mt @ 1.04% TREO and has been delivered in only 18 months from discovery. It contains significant neodymium and praseodymium (Nd+Pr) at various cut-off grades.

The good news is that this sizeable resource could only be a fraction what is underground. That's because it only covers ~10% of the 43km long Yin strike.

Management believes that this confirms the 100% owned Mangaroon project as a globally significant critical minerals complex with a combined, high confidence resource at Yin and the Gifford Creek Carbonatite of 40.82Mt @ 1.03% TREO.

It feels that this points to a "long-life, strategically important, tier 1 project" in one of the world's top investment jurisdictions.

Dreadnought's Managing Director, Dean Tuck, commented:

Since drilling commenced in June 2022, Dreadnought has delivered another substantial increase in the initial Resource over just 4.6kms of the Yin Ironstone Complex. The upgraded independent Resource confirms Yin as a high-grade and high Resource intensity deposit. Both material factors in a project's economics. Yin continues to demonstrate one of the highest NdPr:TREO ratios in the world. We are proud of how much has been achieved in such a short space of time and are looking forward to continuing to build on the region's potential in 2024.

The post Dreadnought share price jumps on 'tier 1 project' potential appeared first on The Motley Fool Australia.

At the time of writing, the copper explorer's shares are down 19% to 3.4 cents.

Why is the Dreadnought share price sinking?

Investors have been selling the company's shares today after it released an update on drilling activities at Tarraji-Yampi Project in Western Australia.

According to the release, the company's diamond drilling has now been completed for the year at the project.

And while no real results were released with the update, the feedback from its drill holes doesn't read overly positively.

Assay results are expected within the next four to eight weeks. However, it seems some investors aren't willing to stick around to see what becomes of them.

Dreadnought's Managing Director, Dean Tuck, spoke about the challenges the company has faced with its drilling campaign. He said:

This year's drilling program in the Kimberley has been challenging due to unseasonable weather, bush fires and rig break downs. As a result, the program remains largely incomplete as originally intended with only a handful of targets effectively tested.

Nevertheless, Tuck remains upbeat on the future. He adds:

On the positive side, mineralisation at Orion has been extended and remains open at depth, thanks to diamond drilling supported by the GSWA's co-funding Exploration Incentive Scheme. Additionally, a number of strong off hole conductors have been identified associated with "near miss" style mineralisation seen around the fringes of the Orion Discovery. These remain high priority targets for follow up drilling in 2024.

The Dreadnought share price is now down almost 70% over the last 12 months following today's decline.

The post Why is the Dreadnought share price crashing 19% today? appeared first on The Motley Fool Australia.

The ASX All Ords mining stock is currently worth 4.1 cents per share.

Dreadnought told the ASX it wanted the trading halt "pending a material release regarding exploration results" at its Mangaroon project in the Gascoyne Region of Western Australia.

The company requested that the trading halt remain in place until it made an announcement, or until the commencement of trading on Friday (whichever comes first).

Before news of the trading halt came through, Dreadnought released another announcement relating to Mangaroon.

Let's take a look.

Dreadnought stock on hold as investors await major news

While we await those exploration results, Dreadnought had other news to report to the market today.

The company has commenced a new Ni-Cu-PGE drilling program at its Mangaroon project.

Ni-Cu-PGE is an abbreviation for nickel, copper, and platinum group elements.

Mangaroon is a 5,300 sq km site containing multiple minerals including gold, rare earths, nickel, copper, and platinum group elements.

The Ni-Cu-PGE component of the project is subject to an earn-in agreement with First Quantum Minerals (TSE: FM).

First Quantum is fully funding the new drilling program, which involves five drill holes.

The drilling is targeting five EM conductors at the 'Money Intrusion' site.

Dreadnought says the conductors are "consistent with high tenor, massive and net textured sulphide bodies" and "significantly stronger" than those targeted in a first-pass drilling program last year.

The miner explained:

Conductors at the Bookathanna North target are up to 37,000S which is significantly higher than the 160-200S conductors tested in the 2022 drill program.

The 2022 program intersected net textured to brecciated sulphides in 9 holes and the Bookathanna North conductor is interpreted to represent a massive sulphide accumulation in a shallow keel position.

Dreadnought said the new drilling program would take one to two weeks to complete.

The company hopes to release assay and downhole EM results in October.

Dreadnought says fertile Ni-Cu-PGE sulphide systems are extremely rare, and the Money Intrusion "has already been proven to contain high tenor magmatic Ni-Cu-PGE mineralisation".

What did management say?

Dreadnought's Managing Director, Dean Tuck, commented:

With Rare Earth Resource drilling at Mangaroon coming to a close, we are excited to return to the highly prospective Ni-Cu-PGE targets defined at Bookathanna North and High Range with our partners First Quantum Minerals.

Dreadnought is excited to return to exploring for nickel, copper and gold across our project portfolio for the remainder of 2023 whilst our Resource and study preparation work on the rare earths advances in the background.

Nickel and copper are expected to play a key role in the world's decarbonisation.

Nickel is used in the cathodes of lithium-ion batteries.

Copper is essential in renewable energy systems, some of which require 12 times the amount of copper used in traditional electric energy systems.

Dreadnought stock performance snapshot

The Dreadnought share price has fallen 59% in the year to date and 66% over the past 12 months.

The post ASX All Ords mining stock Dreadnought halted ahead of material exploration results appeared first on The Motley Fool Australia.

Four ASX shares that have not let that hold them back are listed below. Here's why they are pushing higher:

Dreadnought Resources Ltd (ASX: DRE)

The Dreadnought Resources share price is up 1% to 9.7 cents. This follows the release of drilling results from the rare earths explorer's Yin Ironstone Complex at the 100% owned Mangaroon operation. Dreadnought's Managing Director, Dean Tuck, commented: "Since drilling commenced in June 2022, Dreadnought has delivered a substantial initial Resource over just 3kms of Yin paving the way for significant Resource growth drilling in 2023."

Pointsbet Holdings Ltd (ASX: PBH)

The Pointsbet share price is up 5% to $1.41. Investors have been buying the sports betting company's shares after it revealed that it is in discussions with the owner of Betr regarding the potential divestment of its Australian operations. Pointsbet hasn't revealed how much it is looking to sell the business for. Though, Goldman Sachs has previously valued the business at approximately $80 million.

Rio Tinto Ltd (ASX: RIO)

The Rio Tinto share price is up over 2% to $118.10. This follows another rise in the iron ore price overnight. The steel making ingredient is trading above US$110 a tonne thanks to optimism over the easing of COVID restrictions in China. Fellow iron ore miners are rising on the news as well.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is up 2.5% to $36.69. This appears to have been driven by a rise in the Brent crude oil price overnight in response to easing COVID restrictions in China. This has led to the S&P/ASX 200 Energy index rising 1.1% this afternoon.

The post Why Dreadnought, Pointsbet, Rio Tinto, and Woodside shares are pushing higher appeared first on The Motley Fool Australia.

Dreadnought shares are currently trading at yesterday's closing price of 11.5 cents apiece. For perspective, the S&P/ASX 200 Index (ASX: XJO) is up 1.09% at the time of writing.

Let's take a look at what's going on with the ASX mineral explorer share today.

What's going on?

Western Australian company Dreadnought is exploring multiple metals including zinc, iron, lead, silver, and gold.

A dramatic fall in the zinc price overnight may have impacted the Dreadnought share price. Zinc slumped 5.07% overnight to US$2,678.5 a tonne.

Base metal prices fell amid rising COVID-19 cases and weak manufacturing data from China, Reuters reported.

The iron ore price also dropped 2.38% overnight to US$82 a tonne, Trading Economics data shows.

Today, Dreadnought advised of successful assay results for drilling at the Central Yilgarn Project in Western Australia.

The company confirmed a fertile VMS base metals system at the Nelson copper, lead, zinc, and silver target. Results included:

• 1m at 2.26% zinc, 2.27% lead, 53g/t silver and 0.1 g/t gold from 157m at drill hole NERC006

At Spitfire, Dreadnought discovered thick high-grade goethite-hematite iron ore. Results included:

• 20m at 61.0% iron, 0.98% aluminum oxide., 2.99% silicon dioxide, 0.06% phosphorus, 8.2% LOI from 22m at drill hole SPRC001A

Management comment

Commenting on the news, managing director Dean Tuck said:

These results are a timely reminder of the potential at Central Yilgarn which represents a significant opportunity in an underexplored region.

We view Central Yilgarn as a valuable project in the portfolio with opportunity for commercialisation of a range of commodities and exploration success.

Share price snapshot

Despite today's stagnation, the Dreadnought share price has soared almost 200% in the past year, while it has gained 170% year to date.

In the past month, Dreadnought shares have climbed 13%.

Dreadnought has a market capitalisation of about $334 million based on the current share price.

The post Why is the Dreadnought share price struggling despite successful drill program appeared first on The Motley Fool Australia.

The sector is outperforming the broader S&P/ASX 200 Index (ASX: XJO), currently sitting 1.58% higher at more than 6780 points.

Let's take a look at three mineral explorers having a stellar day on the market.

Gascoyne Resources Ltd (ASX: GCY)

Gascoyne shares are up 12.2% today. Diamond drilling at the Never Never gold deposit in Western Australia intersected with visible gold mineralisation. Results included 12 metres at 34.5 grams per tonne (g/t) gold and 26m at 10.27 g/t gold. Gascoyne managing director Simon Lawson described Never Never as "one of the most remarkable gold deposits" he has ever seen. He added:

Our geologists are super excited as we drill each hole and, with such amazing intercepts being delivered with each successive step-out, it is becoming increasingly clear that this is one of the most significant new gold discoveries anywhere in Australia.

Dreadnought Resources Ltd (ASX: DRE)

Dreadnought shares are 10% higher today. Assay results from drilling at the Yin discovery showed thick, high-grade rare earth element (REE) mineralisation. This includes 54 metres at 2.07% Total Rare Earth Oxides (TREO) from 24 metres. The project is located within the company's 100% owned Mangaroon project in Western Australia.

Commenting on the news, managing director Dean Tuck said:

Yin continues to deliver exceptional REE results. With 91 of 120 holes reported, we remain on schedule to deliver our initial JORC resource at Yin in the December 2022 quarter.

Azure Minerals Ltd (ASX: AZS)

Finally, Azure shares are 10.71% higher in late afternoon trading after rocketing almost 20% higher during the session. The company discovered high-grade nickel and copper on new tenements at the Andover project in Western Australia. This project is a joint venture between Azure (60%) and Creasy Group (40%). Assay results showed up to 25.4% copper, 3.75% nickel, and up to 210 parts per billion (ppb) of palladium.

Commenting on the news, managing director Tony Rovira said:

Our regional exploration program on Andover continues to deliver outstanding outcomes.

The post 3 ASX mining shares going nuts on new discoveries appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are pushing higher:

Baby Bunting Group Ltd (ASX: BBN)

The Baby Bunting share price is up over 2% to $2.74. This appears to have been driven by a broker note out of Morgans today. According to the note, the broker believes that recent share price weakness has created a buying opportunity. Morgans has retained its add rating with a reduced price target of $3.60.

Brickworks Limited (ASX: BKW)

The Brickworks share price is up 2.5% to $22.25. Investors have been buying this building products company's shares after it was the subject of a bullish broker note. According to a note out of UBS, its analysts have upgraded Brickworks' shares to a buy rating with a $25.30 price target. The broker made the move after increasing its earnings estimates materially for FY 2023.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is up 5% to $1.21. This morning Core Lithium revealed that its managing director Stephen Biggins will step down with immediate effect. With the recent official opening of the Finniss Lithium Mine and appointment of Gareth Manderson as CEO, Biggins has decided it is the appropriate time to exit. Rising lithium prices have also given its shares a boost.

Dreadnought Resources Ltd (ASX: DRE)

The Dreadnought Resources share price is up 5% to 10 cents. This follows the release of an update on drilling activities at the 100% owned Mangaroon project. According to the release, the company has intersected thick rare earth mineralisation in both fresh and weathered material. Managing Director, Dean Tuck, commented: "We are already off to a good start so the next few months should be extremely exciting."

The post Why Baby Bunting, Brickworks, Core Lithium, and Dreadnought Resources are pushing higher appeared first on The Motley Fool Australia.

Names like BHP Group Ltd (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG) get plenty of investor attention because of the huge cash flow generated by their iron ore divisions.

But, there are other ASX shares that are exposed to different commodities.

Rare earth ASX shares could be one of the most interesting areas of the resources space. Examples of rare earths include neodymium (Nd) and praseodymium (Pr).

Examples of uses for rare earth elements, according to Geoscience Australia, include: magnets and super magnets, motors, metal alloys, electronic and computing equipment, batteries, catalytic converters, petroleum refining, medical imaging, colouring agents in glass and ceramics, phosphors, lasers and special glass.

This expert is bullish on rare earths

At the end of August, fund manager Emanuel Datt had allocated 23% of the fund towards rare earth ASX shares.

My colleague Tony Yoo has previously written about some of Datt's rare earth picks, which include Lynas Rare Earths Ltd (ASX: LYC) (which is down 25% since mid-August), Dreadnought Resources Ltd (ASX: DRE) and Lanthanein Resources Ltd (ASX: LNR).

Why is Datt optimistic about rare earth prices and rare earth ASX shares? He suggests that there could be higher tensions between China and Taiwan, which could lead to the "weaponization" of rare earth supply through supply restrictions. Datt explained:

We know that rare earths are absolutely essential for advanced technology applications, ie renewables, electric vehicles […] The second point was the market power. We've already discussed how China produces around 90% of rare earths globally on a downstream basis.

We're not looking or anticipating a full-blown war or anything like that between the two nations. But escalation in tensions, you know, sanctions and tit for tat retaliation. I think that will be enough to really get rare earth prices moving and demand being pushed forward effectively from rare earths uses, wanting to secure supply ahead of any potential restrictions.

What does Datt like about Lynas shares?

My colleague Tony Yoo reported on why Datt thinks that Lynas is the "gold standard" for rare earth ASX shares. Datt said:

It is an integrated producer with downstream processing facilities located in Malaysia and upstream operations in Western Australia.

Its customers are primarily Japanese and other nationalities who wish to diversify their supply from non-mainland Chinese sources.

Lynas Rare Earth share price snapshot

Since the start of 2022, Lynas has dropped by more than 30%.

The post Which ASX shares have exposure to this 'absolutely essential' market? appeared first on The Motley Fool Australia.

However, the Dreadnought share price has not maintained its positive momentum, and currently trades a hefty 5.7% lower at 13 cents.

In contrast, the S&P/ASX 200 Materials Index (ASX: XMJ) is having a good start to the week, up 1.03% at the time of writing.

Shares in Dreadnought were frozen last Thursday to give the mineral explorer time to prepare a release regarding its exploration results for its Mangaroon project in Western Australia.

Dreadnought posted two mineral discoveries to the market this morning. Let's cover what the company announced.

What's the drill?

Dreadnought Resources announced its drilling intersected REE ironstones at its Sabre discovery site. Previous drilling in Sabre uncovered ironstone deposits 10m to 21m thick over an area of approximately 1km.

These drillings were part of a larger effort of drilling 29 holes in total, of which 19 holes have been completed to date. Checks for mineralisation were completed, and further assays (analysis for composition and quality) are expected in November.

Dreadnought Resources managing director Dean Tuck commented:

The significant scale potential of the Mangaroon Rare Earth Project continues to be underscored with thick mineralised REE ironstones at the Sabre discovery (the prospect formally known as Y3).

With two rare earth discoveries in hand now at the Mangaroon REE Project, we look forward to continuing the discovery drilling program with additional drilling at Sabre, Y8 and then the C1-C5 carbonatite targets all commencing this month.

Second discovery at Mangaroon

In a separate announcement, Dreadnought confirmed further ironstone discoveries following preliminary drilling at the Yin site, also part of the Mangaroon project. Ironstone was discovered after drilling 41 out of 120 planned holes, covering an area of approximately 3km.

The company reported yields of strong rare earth elements such as neodymium and praseodymium, with concentrations ranging from 30% to 38%.

These elements are highly prized commodities for use in creating strong magnets for motors used in electric vehicles and their drive chains.

Tuck also commented on the Yin discovery:

Yin continues to deliver exceptional REE results that exceed expectations for the ironstones of the Gifford Creek Carbonatite Complex. We look forward to receiving the remaining assay results from the 120 RC holes drilled to date which will comprise our initial JORC resource at Yin.

Importantly this initial JORC resource will only cover ~3km of the ~16km of strike of the Yin Trend. We are also excited to announce in a parallel announcement the discovery at Sabre (formally known as Y3) and look forward to drilling the C1-5 carbonatite targets.

Dreadnought Resources share price snapshot

The Dreadnought Resources share price is up 229% year to date. In contrast, the Materials Index is down by around 10.46% over the same period.

The company's market capitalisation is $410.5 million based on its share price today.

The post Dreadnought share price pops then drops despite 'significant' discoveries appeared first on The Motley Fool Australia.

Trading of the stock has been halted as the company prepares to drop news of exploration results to the market.

The Dreadnought share price last traded at 14 cents.

Let's take a closer look at what's going on – or not going on – with the $400 million mineral exploration company today.

Why is the Dreadnought share price in the freezer?

The Dreadnought share price is on ice on Thursday as the company gets ready to drop potentially major news of its exploration activities.

That news is expected to be released sometime between now and Monday. If it's not released by then, the stock is set to begin trading as normal on Monday morning.

The company currently has three projects, each located in Western Australia. They appear to house numerous minerals, including silver, gold, cobalt, nickel, copper, platinum group elements (PGE), and rare earth elements.

It was only yesterday that the Dreadnought share price surged 17% on news First Quantum Minerals Limited (TSE: FM) exercised its $12 million earn-in option over the Mangaroon project.

It also revealed nine drill holes at the site's Money Intrusion intersected nickel copper sulphide mineralisation. The find highlights the potential that the approximately 45 kilometre long intrusion could host multiple nickel, copper, and PGE deposits.

The last time the company was put into a trading halt was in late July. Then, it thawed on news of a $12 million capital raise. The proceeds were earmarked to go towards infill, extensional, and discovery drilling at the Mangaroon Rare Earth Project.

The Dreadnought share price has soared 250% so far this year. It's also 233% higher than it was this time last year.

For comparison, the All Ordinaries Index (ASX: XAO) has sunk 11% year to date and 9% over the last 12 months.

The post Why is the Dreadnought share price on ice today? appeared first on The Motley Fool Australia.

Investors are rallying the ASX resources share following a company announcement on its Mangaroon project in Western Australia.

At the time of writing, the Dreadnought share price is up 9.52% to 12 cents.

Options exercised over Mangaroon

In a lengthy update, the resource explorer first advised that First Quantum Minerals Limited (TSE: FM) has exercised its earn-in option over the Mangaroon project.

"First Quantum has funded the option period and can now earn an initial 51% interest by funding $12 million of expenditure by 1 March 2026," Dreadnought said.

The agreement covers the base metal rights over five tenements located at the site.

Additional terms state that First Quantum may withdraw at any time during the earn-in phase with 0% interest; and that First Quantum must pay Dreadnought $150,000 by 30 September 2022.

A joint venture (JV) will then be formed if and when the earn-in requirements are satisfied.

First Quantum may elect to increase its interest to 70% up until a decision to mine. This reverts to a 49% interest if First Quantum decides to stop its funding expenditure.

What else did Dreadnought announce?

In a further possible boost to the Dreadnought share price, the company said nickel copper [Ni-Cu] sulphide mineralisation has been intersected in nine out of 12 recently completed reverse circulation (RC) holes at the site.

Assays from the drilling program are expected over the next month.

Speaking on the results, Dreadnought's managing director Dean Tuck said the company was "looking forward" to working with First Quantum:

The potential of the money intrusion to host significant, highgrade Ni-Cu-PGE mineralisation has been underscored with nine out of twelve drill holes intersecting disseminated to nettextured Ni-Cu sulphides along both sides of a bladed to funnel shaped mafic intrusion.

With only a handful of relatively shallow holes drilled to date, the Dreadnought-First Quantum team has confirmed a large scale, fertile Ni-CuPGE system.

In the past 12 months, the Dreadnought share price has lifted 160%. It is also up 180% this year to date.

The post Here's why the Dreadnought share price is zooming 10% higher today appeared first on The Motley Fool Australia.

Currently China is overwhelmingly the dominant global producer of the 15 elements that make up the group of rare earths.

According to Datt Capital chief investment officer Emanuel Datt, the tense current and prospective geopolitical situation has lit a fire under the fortunes of companies that extract these valuable minerals.

"Should the Taiwan situation worsen and/or should China use force to control Taiwan, it's likely there will be sanctions on goods sold to China and restrictions of the supply of strategic materials exported by China."

Datt's worries are underlined by this week's visit of US senator Marsha Blackburn to Taipei. That marked the third visit to Taiwan by American legislators this month, which has infuriated Beijing.

China considers the democratic island a part of its country and discourages other nations from recognising its sovereignty.

"I will not be bullied by Communist China into turning my back on the island," said Blackburn.

"Taiwan is our strongest partner in the Indo-Pacific Region. Regular high-level visits to Taipei are long-standing US policy." 

If China caused a worldwide rare earths shortage…

Datt fears that a cornered China could hold the world to ransom.

"China produces around 80% of the rare earth elements globally," he said.

"And given their critical nature in the production of a wide range of modern technologies, a logical first step would be China restricting this supply to the rest of the world in which it is in disagreement."

As such, Datt has started piling into ASX shares that are involved with rare earths production.

He named five stocks that fit the bill:

• Lynas Rare Earths Ltd (ASX: LYC)
• Iluka Resources Limited (ASX: ILU)
• Hastings Technology Metals Ltd (ASX: HAS)
• Dreadnought Resources Ltd (ASX: DRE)
• Lanthanein Resources Ltd (ASX: LNR)

Datt himself has bought Lynas, Dreadnought and Lanthanein shares.

Lynas reported bumper annual results on Friday, sending its share up 1.46%.

The company is globally "the gold standard" for rare earths producers, according to Datt.

"It is an integrated producer with downstream processing facilities located in Malaysia and upstream operations in Western Australia," he said.

"Its customers are primarily Japanese and other nationalities who wish to diversify their supply from non-mainland Chinese sources."

The other two players are in an exploratory stage.

"Dreadnought has made a new rare earth discovery with initial results demonstrating grades almost 3 times that of Hastings' deposit which is situated a short distance to the north," said Datt.

"Lanthanein has defined similar early rock chip samples as Dreadnought, which sits in a similar geological context. However, with a superior heavy rare earth ratio."

The post 5 ASX shares that could rocket from a rare earths crisis: expert appeared first on The Motley Fool Australia.

Investors have bid the share higher following a company announcement out of Dreadnought's camp today.

The chart below shows returns for Dreadnought shares over the past 12 months.

What did the company announce?

Dreadnought advised that infill reverse circulation (RC) drilling at its Mangaroon Project in Western Australia has again intersected mineralised rare earth element (REE) ironstones.

Further studies indicate this trend extends more than 16kms in strike, with "significant growth potential
beyond the initial 3km of drilling," it says.

The company's managing director, Dean Tuck, said that "understanding of the petrophysical properties [at Mangaroon] has significantly improved," following the drilling.

"We have also identified three new ironstone trends, including a possible link between Yin and Y3 and a new carbonatite target at C7," he added.

"We look forward to receiving assay results from our new targets and to inspecting the remaining 100 targets in our database."

Meanwhile, the company has already confirmed REE mineralisation at 22 of these inspected targets.

It had initially identified 140 anomalies prospective for REE mineralisation below surface following a detailed magnetic-radiometric survey. To date, only 40 of these have been mapped.

Dreadnought share price snapshot

In the past 12 months, the Dreadnought share price has spiked more than 162% into the green. Dreadnought shares have risen 115% in the last month alone.

The post Dreadnought share price leaps 5% on rare earths 'significant growth potential' appeared first on The Motley Fool Australia.

The Dreadnought Resources Ltd (ASX: DRE) share price is soaring 15.79% at the time of writing and is currently trading at 6.6 cents.

So what are the details of this company's new discovery?

ASX mining share makes high-grade rare earth discovery

Dreadnought today released assay results from the first drill line at the Yin rare earth ironstone, located at the company's Mangaroon project in Western Australia.

Laboratory assays confirmed thick, high-grade rare earth mineralisation at the project.

Results show up to 16% total rare earth oxides (TREO) with an average NdPr (neodymium and praseodymium) ratio of 30%. Dreadnought said this is nearly double the global average.

Infill drilling at the site is taking place now and an initial JORC Resource will be released in the December quarter.

Commenting on the results fuelling this ASX mining share today, managing director Dean Tuck said:

Drilling at Yin continues to exceed expectations. With a second rig mobilising to site this month, we are confident that Yin will produce a substantial initial JORC Resource by the end of 2022.

Tuck said once drilling is complete, the rigs will proceed to the Y3 ironstone and C1-C5 carbonatites. He added: "We are seeing genuine scale here with runs already on the board and 66 further anomalies to be assessed by September 2022."

Dreadnought share price recap

The Dreadnought share price has soared 61% in the year to date and 65% in the past month.

For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen nearly 9% year to date and 4% in the last month.

This ASX mining share has a market capitalisation of nearly $185 million based on the current share price.

The post Guess which ASX mining share is rocketing 16% on a new rare earths discovery appeared first on The Motley Fool Australia.

Drilling at its Mangaroon Project's Yin REE prospect has confirmed mineralised ironstones over approximately 3 kilometres of strike. The company has also identified another 66 REE-prospective anomalies.

At the time of writing, the Dreadnaught share price is 5.6 cents, 9.8% higher than its previous close.

Let's take a closer look at the news driving the mineral exploration company's stock higher today.

What's boosting the Dreadnaught share price?

The Dreadnaught share price is well and truly in the green on the back of successful exploration activities at the company's 100%-owned Mangaroon Project.

RC drilling at the project's Yin prospect has confirmed 3 kilometres of strike, open in all directions. The drilling program saw 67 holes drilled for 6,415 metres, confirming thick, mineralised, REE ironstones. Excitingly, 87% of holes drilled intersected mineralisation.

Following the success, the company is moving to begin diamond drilling at the prospect later this month.

Additionally, magnetic/radiometric surveys found 66 additional REE targets. They're currently undergoing assessment.

Dreadnaught managing director Dean Tuck commented on the news driving the company's share price today, saying:

Drilling at Yin continues to exceed expectations. With a second rig mobilising to site, we are confident that Yin will produce a substantial initial rare earth mineral resource by the end of the year.

We are seeing genuine scale here with runs already on the board and 66 further anomalies recently identified. We also expect to confirm high-grade potential with first assays due back in late July.

The Yin prospect – like the nearby Yangibana Project – is distinctive due to a high proportion of neodymium and praseodymium in its total rare earth oxides. Rock chips from Yin boast a neodymium and praseodymium ratio of up to 48%.

The company also believes the energy transition and heightened geopolitical tensions will drive rare earth prices higher.

Of course, that could bring more good news for the Dreadnaught share price in the future.

The post 'Genuine scale': Why is the Dreadnaught share price surging 10% today? appeared first on The Motley Fool Australia.

And for good reason.

Most of the ASX shares exploring for and producing rare earths have seen their share prices far outpace the broader index.

Here's what we mean…

ASX shares exposed to rare earths racing ahead

Over the past 12 months the All Ordinaries Index (ASX: XAO) is up 6.47%.

Over that same time, ASX rare earths share Australian Strategic Materials Ltd (ASX: ASM) has gained 71%. And the Iluka Resources Limited (ASX: ILU) share price has rocked 61%.

Hold on. We're not quite done yet.

Competitor ASX shares involved in rare earths include Dreadnought Resources Ltd (ASX: DRE), up 138% in 12 months; Hastings Technology Metals Ltd (ASX: HAS), up 41%; and Lynas Rare Earths Ltd (ASX: LYC), whose share price is up 86% since this time last year.

See what we mean?

What the heck are rare earths anyway?

To start off with, rare earths aren't really all that rare as far as how much of them you can find across the Earth. But they earn their name because they're generally only found in very low levels of concentration. Meaning to get to them, companies like the ASX shares listed above need to sort through a whole bunch of ore first. And then laboriously filter the choice bits out.

Depending on who you ask, there are either 15 or 17 rare earth elements (REEs).

Regardless of how many elements we choose to put into the category, you'd be hard-pressed to find anyone who can name them all. Or even a few.

Praseodymium anyone? How about gadolinium? Or maybe ytterbium?

We'll leave off the rest of the list. (To impress your friends, you can find that list here.)

Yet, while they're hardly household names, rare earths are critical to almost every high-tech gadget you own. Including the smartphone or computer you're probably using to read this right now.

They're also important to the move to green energy, used in the construction of things like wind turbines.

But there's an arguably bigger reason ASX shares working in the rare earths space are frequently in the spotlight.

That's because these elements are crucial to modern militaries across the world. We're talking satellites, missiles, submarines, high-tech ground vehicles, and all manner of aircraft here.

Just how dependent are these military machines on rare earths?

Very.

Roughly 418 kilograms of rare earths are used to make a single F-35 Lightning II fighter jet. And some 4,100 kilograms are required before an SSN-774 Virginia-class submarine can head off to duty, according to a 2013 United States Congressional Research Service report.

Why are so many ASX shares involved with rare earths?

While the West is moving to break China's stranglehold, the Middle Kingdom still controls some 70%-80% of the REE market.

As tensions with China have increased over the past few years, the United States and other nations have been increasingly turning to Australia to fill any potential shortcomings in their REE supplies.

And Australia is well placed to do so.

According to the CSIRO's Critical Energy Minerals Roadmap, Australia has the sixth-largest deposit of economically viable rare earth elements of any nation on the planet.

And the ASX shares listed above are working hard to secure those crucial resources.

The post What even are rare earths and why are ASX shares with exposure always in the spotlight? appeared first on The Motley Fool Australia.

We look at the latest update from the ASX resource explorer that looks to be piquing investor interest.

Exploration update from Dreadnought

The Dreadnought share price is soaring after the company reported positive assay results at its Tarraji-Yampi Project in Western Australia.

The results come from the first 6 mineralised follow-up holes drilled in an area of the project known as Orion. The company is awaiting the assay results of an additional 13 drill holes, including its deepest.

According to the release, results from the 6 assays returned so far confirm Orion as a high-grade resource discovery. Assays returned copper (Cu) grades up to 7.4% and silver (Ag) of up to 192 grams per tonne. Also gold (Au) of up to 34.2 grams per tonne and cobalt grades (Co) of up to 1.66%.

Atop those strong results, the Dreadnought share price could be getting a further boost. The miner reports that the mineralisation commences from 1 metre under cover and extends to at least 240 metres along strike and 150 metres down dip.

The company's geophysical modelling indicates the mineralised body could extend to at least 500 metres depth.

Dreadnought's managing director, Dean Tuck, commented on the promising results:

With multiple thick, high-grade intercepts now confirmed we are delighted to declare Orion a high-grade Cu-Ag-Au-Co discovery occurring just 1 metre below surface. With 13 mineralised holes remaining to be assayed, including our deepest, and our oxide and supergene intercepts, we expect more high-grade intercepts to come.

This is an amazing outcome from what is our second ever drill program at Tarraji-Yampi, the first programs here since 1958/1972 and an indication of the potential for this highly prospective and underexplored ground to produce more discoveries.

Dreadnought share price snapshot

The Dreadnought share price has soared 135% in 2021. This well outpaces the 14% year-to-date gains posted by the All Ordinaries Index (ASX: XAO).

Over the past month, Dreadnought shares have gained 27%.

The post The Dreadnought (ASX:DRE) share price soared 18% this morning. Here's why appeared first on The Motley Fool Australia.

Below we take a look at the ASX resource explorer's latest mineral results that appear to be spurring investor interest.

Why is Dreadnought's share price gaining on the report?

Dreadnought's share price is surging after the company reported bonanza grade results from follow up rock chip sampling at its Rough Triangle project in Western Australia.

Initial rock chip samples were taken at several historical prospects. Dreadnought is unaware of any historical records of sampling results from these prospects, which date back to tenement maps from the early 1900s.

The results of the sampling confirmed "high tenor polymetallic mineralisation". This include critical minerals Antinomy (Sb) and Bismuth (Bi), as well as Copper (Cu), Gold (Au) and Silver (Ag). The positive results were reported across numerous prospects.

According to the release, significant results include:

• 7% Cu, 142g/t Ag
• 6% Cu, 75g/t Ag, 0.1 g/t Au
• 2% Cu, 197g/t Ag, 14.5% Sb, 1.6% Bi
• 3% Cu, 291g/t Ag, 15.0% Sb, 3.1% Bi
• 4% Cu, 1.4 g/t Au, 0.2% Co, 5.0% Bi
• 9% Cu, 272g/t Ag, 8.8% Sb, 1.9% Bi

Six major lode systems have been sampled to date.

Dreadnought's share price may also be getting a boost from the report that more than half of the known outcropping lodes have yet to be sampled.

What did management say?

Commenting on the results, Dreadnought's managing director, Dean Tuck said:

With less than half of the known lodes sampled to date, we are continuing to identify high tenor Cu-Au-Ag-Bi-Sb-Co mineralisation across Tarraji-Yampi. As we continue to sample these systems, a geochemical pattern is developing which may allow us to vector in towards larger, undercover mineralisation like we have recently seen at Orion. We will continue to assess additional targets while undertaking our drilling programs at Orion, Fuso and Grant's Find.

Dreadnought share price snapshot

The Dreadnought share price is up 350% over the past 12 months, well outpacing the 23% gains posted by the All Ordinaries Index (ASX: XAO) over that same time.

Year-to-date, Dreadnought's share price has continued to outperform, up 125% in 2021.

The post Why the Dreadnought (ASX:DRE) share price is rocketing 7% today appeared first on The Motley Fool Australia.

Despite this, the Dreadnought Resources share price has given away 37% from its five-year high on 23 June.

At the time of writing, the Dreadnought Resources share price is down almost 7% at 4 cents apiece.

Here we cover the tension points in the Dreadnought share price lately.

Quick refresher on Dreadnought Resources

Dreadnought is an exploration company with expertise in the development of gold and other natural resource assets in the Northern Territory, Australia.

The Dreadnought Resources share price hit its 52-week high on 23 June at 6.2 cents. Dreadnought has a market capitalisation of $111 million at the time of writing.

Quarterly results fail to gain market's attention

Dreadnought released its quarterly activities report on 30 July. It contained several progress updates at the company's 3 core projects.

Dreadnought completed a number of surveys and reverse circulation (RC) drilling programs in the quarter just past.

In the report, Dreadnought also detailed an "option agreement" the company entered into regarding the base metal rights at its Mangaroon site.

As per Dreadnought's report, the agreement is structured in the following way:

The option provides FQM with the right, following the completion of an exploration program funded by FQM, to earn a 51% interest in Mangaroon by spending $15m and a further 19% interest by sole funding all expenditure up until a decision to mine

Dreadnought shares have fallen 7% since the release of its quarterly activities report.

Before this update, on 26 July, the company announced it had exercised a conversion of 109,090,909 ordinary, fully paid shares via 600,000 convertible notes as per the noteholders.

Selling pressure has continued on Dreadnought shares since this event until today.

There is no market-sensitive information for the company today so it appears these recent events may have an implication on the Dreadnought Resources share price.

Dreadnought Resources share price snapshot

Despite the short-term drop, the Dreadnought Resources share price has lifted 95% year to date and is up 333% over the past 12 months.

These returns have outpaced the S&P/ASX 200 Index (ASX: XJO), which has gained around 26% over the past year.

The post Why is the Dreadnought Resources (ASX:DRE) share price down 7% today? appeared first on The Motley Fool Australia.

The Dreadnought Resources Ltd (ASX: DRE) share price skyrocketed 11% this morning after the mining company released its latest drill results.

However, it has since retreated and at the time of writing, shares are swapping hands for 46 cents, a gain of 2.22% on yesterday's closing price.

Below we look at the ASX resource explorer's latest drill results.

What drill results did Dreadnought report?

The Dreadnought Resources share price is climbing today. It comes after the company reported promising results from the reverse circulation (RC) drill campaign at its Tarraji-Yampi project in Western Australia.

It has completed drilling at 18 RC holes for a total of 3,511 metres. According to the release, the program has intersected significant mineralisation "and/or alteration" across a number of targets.

Dreadnought noted the maiden hole drilled at the Orion site intersected "thick chalcopyrite-rich massive and semi-massive sulphides". That included 13 metres of massive to semi-massive sulphides containing approximately 5-20% copper sulphide.

The company said it had also suspended diamond drilling at its Texas site (at the same project in WA) after a drill rig broke down at 55 metres depth. It expects drilling to restart at Texas in early August, with initial results due by the middle of August.

Commenting on the results, Dreadnought's managing director Dean Tuck said:

Intersecting massive copper bearing sulphide in the first hole drilled at Orion is a watershed moment for the Tarraji-Yampi project. Furthermore, significant mineralisation and/or alteration was intersected at Grant's Find, Fuso, Paul's Find and Chianti with a number of targets still to be tested and new targets emerging.

We have rushed assays and expedited downhole and surface geophysical surveys to assist with prioritising follow up drilling.

The company has suspended the drilling program, according to plan. It said drilling will start back up in September, with Orion and Grant's Find its priorities.

Dreadnought Resources share price snapshot

Dreadnought Resources' share price has been shooting the lights out. Over the past 12 months shares are up 360%. By comparison the All Ordinaries Index (ASX: XAO) has gained 24% over that same time.

Year-to-date the Dreadnought Resources share price continues to outperform, up 130% so far in 2021.

The post Why the Dreadnought Resources (ASX:DRE) share price soared 11% today appeared first on The Motley Fool Australia.