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Dreadnought Resources Ltd (ASX:DRE)

ALERT: Price-sensitive ASX Announcement for DRE
Current share price for DRE : $0.015 -0.019 (-55.88%)+
Announcement
Release
11 Nov 2025 8:18AM
Price at Release
$0.034
Full Release
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Summary
Dreadnought Resources Ltd has submitted a mining lease application for Metzke’s Find, part of the Illaara Gold Project in Western Australia. The application includes the current high-grade gold resource and allows for future expansion. Dreadnought plans to conduct further drilling and studies to advance Metzke’s Find towards production, aligning with their self-funded explorer strategy. Discovered in 1911, Metzke’s Find has a rich history of exploration, with recent drilling by Dreadnought yielding significant results. The Illaara project offers unexplored potential over a vast area within the renowned Yilgarn Craton.
Key Points
  • Dreadnought Resources Ltd has submitted a mining lease application for Metzke’s Find within the Illaara Gold Project in the Yilgarn region of Western Australia.
  • The application covers the current high-grade resource of 14,900 ounces of gold at 6.8 grams per tonne, with 72% indicated.
  • Forward work programs at Metzke’s Find include infill and metallurgical drilling, extensional reverse circulation drilling, and surveys for studies and mining approvals.
  • Metzke’s Find was discovered in 1911 and has been explored sporadically until recently.
  • Dreadnought acquired Metzke’s Find in 2020 and has since conducted significant drilling, resulting in notable gold intersections.
  • The Illaara project encompasses over 800 square kilometers and is considered underexplored, providing substantial discovery potential.
  • Dreadnought's strategy focuses on becoming a self-funded explorer, with the potential for high-grade open pit mining at Metzke’s Find.
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.