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Dreadnought Resources Ltd (ASX:DRE)

ALERT: Price-sensitive ASX Announcement for DRE
Current share price for DRE : $0.011 -0.003 (-21.43%)+
Announcement
Release
19 Aug 2026 8:02AM
Price at Release
$0.014
Full Release
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Summary
Dreadnought Resources Ltd is advancing exploration efforts at the Mangaroon Gold Project in Western Australia, focusing on identifying and defining gold-in-soil anomalies across High Range North and Northwest. This exploration, the first of its kind in the area, aims to tap into structures within the 1.67 Ga Edmund Group, previously unexploited despite historical evidence suggesting gold potential similar to the Bangemall Goldfield. With a strategic push towards becoming a self-funded explorer, Dreadnought is leveraging modern geochemical and geophysical techniques to explore under shallow cover, aiming for significant gold discoveries by late 2026 or early 2027. The project encompasses multiple camp-scale prospects across a vast area of 5,000 km².
Key Points
  • Dreadnought Resources Ltd (ASX: DRE) is conducting exploration activities at Mangaroon Gold Project in Western Australia.
  • Multiple strong gold-in-soil anomalies have been identified at High Range North and Northwest, linked to major structures in the 1.67 Ga Edmund Group.
  • This marks the first gold-focused exploration in the area, with historical similarities to the Bangemall Goldfield.
  • Future plans include detailed surface mapping and sampling to define and prioritize targets for drilling by late 2026 or early 2027.
  • The Mangaroon Project covers approximately 5,000 km² and includes several camp-scale prospects.
  • Dreadnought’s strategy is to become a self-funded explorer through high-grade open-pit mining at the Star of Mangaroon.
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.