Dreadnought Resources (ASX:DRE) expanded its Mangaroon gold project in Western Australia with the acquisition of a tenement from vendors for AU$50,000, according to a Thursday Australian bourse filing.
The vendor will also receive 3.3 million fully paid ordinary shares and 1% gross royalty payable, the filing said.
The acquisition closed a gap in its tenement position at Mangaroon, according to its managing director Dean Tuck.
It is currently conducting target generation and definition work across the project, focused on gold and base metals.
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