FINWIRES · TerminalLIVE
FINWIRES

Dreadnought Resources Says Four Distinct Gold-Bearing Trends Identified at Western Australia Prospect; Shares Tumble 7%

By

Dreadnought Resources (ASX:DRE) said four distinct gold-bearing trends, ranging from around 2.5 kilometers to 7 kilometers in strike, were identified at Black Oak, part of the Illaara gold project in Western Australia, according to a Monday Australian bourse filing.

The company received assays for 288 air core drill holes of at the project, encountering intercepts of 21 meters at 0.3 grams per tonne (g/t) grade of gold from surface and 9 meters at 0.5 g/t grade of gold from 33 meters.

The company said the current drilling program is expected to finish in June, and a follow-up program has been planned, which will start immediately upon completion of this program.

Dreadnought Resources' shares tumbled 7% in recent Monday trade.

Related Articles

Asia

MetaOptics Receives Revised SGX Notice for Planned Nasdaq Listing

MetaOptics (SGX:9MT) received a revised listing and quotation notice from the SGX-ST for up to 121.3 million new shares to support its proposed listing on the Nasdaq exchange via American Depository Shares, according to a Friday bourse filing.Shares of the metalens producer were up over 1% in Monday trading.The revised notice will cover 102.4 million shares for the main ADS offering, up to 15.4 million shares for an overallotment option, and up to 3.5 million shares for the exercise of warrants.

SGX:9MT
Asia

Innoax Wins KRW3.48 Billion Samsung Life Insurance Front-End System Enhancement Contract

South Korean software company Innoax (KOSDAQ:296640) secured a contract from Samsung SDS (KRX:018260) to enhance the Samsung Life Insurance front-core system, according to a Monday filing with the Korean Exchange.The contract, valued at 3.48 billion won, is valid till Dec. 21, 2027.Shares of Innoax fell nearly 1% in recent trade.

KOSDAQ:296640KRX:018260
Asia

Hong Fok Repurchases Shares

Hong Fok (SGX:H30) bought back 176,800 shares in the open market on Friday for around SG$169,289, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has repurchased nearly 5 million shares under its current buyback program.

SGX:H30