Dreadnought Resources (ASX:DRE) intersected niobium from a recent drilling at the Mangaroon niobium and rare earth elements project in Western Australia, according to a Wednesday filing with the Australian bourse.

The program yielded up to 130 meters at 0.7% niobium pentoxide from 71 meters, including 4 meters at 2% niobium pentoxide from 86 meters, the filing said.

Shares of Dreadnought Resources rose almost 6% at market close.

Price (AUD): $0.02, Change: $+0.00100, Percent Change: +5.88%