EXPLORATION & DEVELOPMENT

First Quantum looking to explore Dreadnought's Gascoyne ground

MAJOR base metal producer First Quantum is taking a preliminary look at ground in the Gascoyne region of Western Australia called Mangaroon held by Dreadnought Resources and if it likes what it sees it could spend A$15 million on exploration over the next five year to earn a 51% stake.

 First Quantum's massive Cobre copper operation in Panama

First Quantum's massive Cobre copper operation in Panama

Should it continue to be interested, a joint venture could be formed in 2026 giving First Quantum the opportunity to increase its interest to 70% by funding all work up to a "decision to mine". Initially,...

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