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Dreadnought Resources Ltd (ASX:DRE)

ALERT: Price-sensitive ASX Announcement for DRE
Current share price for DRE : $0.014 -0.001 (-6.67%)+
Announcement
Release
23 Jun 2026 8:13AM
Price at Release
$0.015
Full Release
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Summary
Dreadnought Resources Ltd has announced a significant 94% increase in the high-grade Indicated Resource at Metzke’s Find, part of the Illaara Gold Project in Western Australia. The updated resource is now approximately 24,900 ounces at a grade of 5.2 g/t gold, with 84% of this classified as Indicated. This represents a 67% growth in total ounces. The resource is mostly contained within 150 meters of the surface, with a 50% increase in ounces in the top 50 meters, which is expected to enhance project economics and cashflow. The resource remains open at depth and along strike, and further drilling is planned for July 2026. The project is progressing towards development, with potential open pit and underground mining options being explored as part of Dreadnought’s strategy to become a self-funded explorer.
Key Points
  • 94% increase in high-grade Indicated Resource at Metzke’s Find.
  • Total resource now approximately 24,900 ounces at 5.2 g/t gold.
  • Resource is 84% Indicated.
  • 50% increase in ounces in top 50 meters enhances economics.
  • Resource remains open at depth and along strike.
  • Further drilling planned for July 2026.
  • Potential for open pit and underground mining.
  • Part of Dreadnought’s strategy to become a self-funded explorer.
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.