Dreadnought Resources Ltd (ASX:DRE)

ALERT: Price-sensitive ASX Announcement for DRE

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Announcement

12 Mineralised Corridors Identified and Growing

Release

20 Jul 2026 8:24AM

Price at Release

$0.014

Full Release

Summary

Dreadnought Resources Ltd announced the results from their air core drilling program at the Illaara Gold Project, located in the Yilgarn region of Western Australia. The drilling identified 12 distinct gold mineralised corridors, each ranging up to over 7 km in strike, demonstrating the potential for large-scale gold discoveries. Only 10% of the 70 km long Illaara greenstone belt has been tested, suggesting significant exploration potential remains. Encouraged by these findings, Dreadnought plans to begin follow-up infill drilling in August 2026 to further define these mineralised structures. The Illaara belt, previously unexplored for its gold potential, is now showing promising results in its first systematic exploration.

Key Points

Dreadnought announced results from air core drilling at Illaara Gold Project.
12 distinct gold mineralised corridors identified at Illaara with potential for large-scale gold discoveries.
Only 10% of the Illaara greenstone belt has been tested so far.
Follow-up infill drilling planned to commence in August 2026.
Illaara is one of the last major greenstone belts in Yilgarn Craton that hasn't been systematically explored for gold.
High potential for orogenic gold pathfinders detected.
Previous prospects such as Black Oak and CRA-Homestead have been extended.
First-pass drilling has revealed nearly 40 km of prospective mineralised corridors.

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.