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Dreadnought Resources Ltd (ASX:DRE)

ALERT: Price-sensitive ASX Announcement for DRE
Current share price for DRE : $0.012 -0.003 (-20%)+
Announcement
Release
17 Aug 2026 8:09AM
Price at Release
$0.015
Full Release
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Summary
Dreadnought Resources Ltd has identified a significant high-grade tungsten opportunity across its Mangaroon and Mangaroon South projects in the Gascoyne region of Western Australia. The projects have revealed multiple quartz-scheelite veins with notable concentrations of tungsten oxide (WO₃), exceeding typical global resource grades. Historical and recent surface sampling have confirmed the presence of high-grade tungsten, with the highest recorded at the Nina target. Dreadnought plans to conduct further detailed mapping, sampling, and RC drilling by the end of 2026 or early 2027 to expand on these findings. Tungsten's critical role in various industries, alongside rising global prices, underscores the potential value of these discoveries.
Key Points
  • High-grade tungsten confirmed at Mangaroon and Mangaroon South.
  • Significant rock chip results exceed typical global resource grades.
  • Historical work by Catalyst Metals Ltd reported high tungsten concentrations.
  • Recent sampling by Dreadnought reaffirmed the high-grade nature.
  • Plans for further exploration and drilling by late 2026 or early 2027.
  • Tungsten is a critical mineral with rising demand and prices.
  • Dreadnought continues to explore gold opportunities alongside tungsten.
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.