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Dreadnought Resources Ltd (ASX:DRE)

ALERT: Price-sensitive ASX Announcement for DRE
Current share price for DRE : $0.014 -0.005 (-26.32%)+
Announcement
Release
25 May 2026 8:19AM
Price at Release
$0.019
Full Release
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Summary
Dreadnought Resources Ltd has advanced the Illaara Gold Project, focusing on the Metzke's Find site. The company has declared a high-grade gold resource of 14,900 ounces at a grade of 6.8 g/t Au, with 72% of the resource classified as indicated. The mineralization at Metzke's Find is characterized by shallow, high-grade gold, primarily within 140 meters of the surface, and remains open along strike and at depth. Dreadnought acquired the Illaara project from Newmont in 2019 and has since consolidated the greenstone belt. The project covers approximately 800 square kilometers and presents significant exploration potential due to its underexplored status. Dreadnought is implementing a self-funded explorer strategy by outsourcing development and processing, enhancing its capability to pursue substantial discoveries.
Key Points
  • Dreadnought Resources Ltd focuses on Illaara Gold Project.
  • Metzke's Find resource: 14,900 oz at 6.8 g/t Au.
  • 72% of the resource is indicated.
  • Mineralization is shallow and high-grade.
  • Project covers ~800 km2 in the Yilgarn Craton.
  • Underexplored region with significant potential.
  • Dreadnought acquired Illaara from Newmont in 2019.
  • Self-funded strategy involves outsourcing development.
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.