The WA minerals explorer and developer will be out for institutional investor dollars on Monday morning, keen to lure them in with a bunch of recent discoveries.
Western Australian minerals explorer and developer Dreadnought Resources will be out for institutional investor dollars on Monday morning, keen to lure them in with a bunch of recent discoveries.Having mostly tapped its high-net-worth backers for 11 raisings since its ASX debut in 2019, Dreadnought’s understood to have set its sights on the institutional investor market and deep-pocketed funds that can help turn the $340 million small cap into the next $1 billion-plus critical minerals play.
While the details were to be finalised on Sunday night, funds raised would be piled into Dreadnought’s expanding drilling program, which has centred on its three major projects, all in Western Australia. The one thing investors can bank on is a steady news flow from the busy driller. It’s a point of pride for the company’s board that it had issued 229 market-sensitive announcements from the time it listed until its most recent annual report, at a run rate of 1.2 per week, which are the sort of stats that would make a listed blue-chip blush.
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