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Dreadnought Resources Ltd (ASX:DRE)

ALERT: Price-sensitive ASX Announcement for DRE
Current share price for DRE : $0.013 -0.02 (-60.61%)+
Announcement
Release
10 Nov 2025 8:24AM
Price at Release
$0.033
Full Release
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Summary
Dreadnought Resources Ltd has announced encouraging results from early-stage RC drilling at Steve’s Reward, part of the Mangaroon Gold Project in Western Australia. The program identified high-grade gold intercepts across more than 1 km of strike, revealing significant structural complexity that suggests potential sub-optimal drilling orientation. To address this, Dreadnought plans to conduct diamond drilling to gain better structural understanding. The drill program consists of approximately 75 RC holes across various prospects, with Steve’s Reward showing a gold-in-soil anomaly of 2,600m x 600m. The company's strategy aims at transforming into a self-funded explorer by leveraging high-grade open pits and outsourcing processing activities, thereby reducing reliance on market funding.
Key Points
  • Encouraging results from early-stage RC drilling at Steve’s Reward.
  • High-grade gold intercepts over 1 km of strike.
  • Significant structural complexity in the drilled areas.
  • Plans for diamond drilling to enhance structural understanding.
  • Drill program includes ~75 RC holes across multiple prospects.
  • Steve’s Reward defined by 2,600m x 600m gold-in-soil anomaly.
  • Dreadnought's strategy to become a self-funded explorer.
  • Outsourcing processing activities to reduce market funding reliance.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.