InvestSMART

Dreadnought Resources Ltd (ASX:DRE)

ALERT: Price-sensitive ASX Announcement for DRE
Current share price for DRE : $0.015 -0.002 (-12.12%)+
Announcement
Release
3 Jun 2026 8:17AM
Price at Release
$0.017
Full Release
download
Summary
Dreadnought Resources Ltd announced the discovery of the Metzke’s North extension within the Illaara Gold Project, located in the Yilgarn region of Western Australia. The discovery was confirmed through a resource extension drilling program that revealed significant gold intercepts, extending the strike over 150 meters and remaining open to the north and at depth. The project, which covers approximately 800 square kilometers along the Illaara Greenstone Belt, represents a significant opportunity for high-grade gold exploration. A shallow, high-grade resource of 14,900 ounces at 6.8 g/t Au has been declared with 72% indicated. The company plans further studies and resource updates, aiming to accelerate development and potentially advance toward production, aligning with Dreadnought's strategy to become a self-funded explorer by generating near-term production ounces.
Key Points
  • Metzke’s North discovery extends over 150m strike and remains open at depth.
  • Resource extension drilling confirmed significant gold intercepts outside the current resource.
  • The Illaara Gold Project covers ~800km2 and is underexplored, offering significant discovery potential.
  • A high-grade resource of 14,900 oz at 6.8 g/t Au has been declared, 72% indicated.
  • Dreadnought aims to become a self-funded explorer by adding near-term production ounces.
  • Further drilling and resource updates planned for July 2026.
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.