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Dreadnought Resources Ltd (ASX:DRE)

ALERT: Price-sensitive ASX Announcement for DRE
Current share price for DRE : $0.014 -0.02 (-58.82%)+
Announcement
Release
12 Nov 2025 8:21AM
Price at Release
$0.034
Full Release
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Summary
Dreadnought Resources Ltd announced the commencement of a 43-hole (~3,600m) RC drilling program at Metzke’s Find, part of the Illaara Gold Project in Western Australia. This initiative is part of Dreadnought’s strategy to expand the resource along strike, upgrade more of the resource to the Indicated category, and produce material for metallurgical test work. The current resource at Metzke’s Find is 14,900 ounces at 6.8g/t Au, with 72% classified as Indicated. The drilling program, the first at the site since 2022, aims to add near-term production ounces and support the company's goal to become a self-funded explorer. Results from the drilling are expected in January or February 2026. The Illaara Gold Project covers a significant portion of the underexplored Illaara Greenstone Belt and presents substantial potential for discovery of new mineral resources.
Key Points
  • A 43-hole (~3,600m) RC drilling program has commenced at Metzke’s Find.
  • The program focuses on expanding the resource, upgrading resource classification, and producing material for metallurgical tests.
  • Current resource at Metzke’s Find is 14,900oz @ 6.8g/t Au.
  • The drilling program is part of Dreadnought’s 'Finding More Gold, Faster' strategy.
  • Metzke’s Find is part of the Illaara Gold Project located in the Yilgarn region of WA.
  • The drill program is expected to conclude in approximately four weeks with results anticipated in January/February 2026.
  • The Illaara Gold Project covers over 70 strike kilometers and about 800km2 in a highly prospective region.
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.