Dreadnought boosts gold resources, secures funding and unveils new critical metals resource

Dreadnought Resources Limited ( (AU:DRE) ) has shared an update.

Dreadnought Resources advanced its “Finding More Gold, Faster” strategy in the December quarter, securing $18 million in fresh equity and additional director funding to accelerate work at its Mangaroon and Illaara gold projects. The company increased high-confidence Measured and Indicated resources at the high-grade Star of Mangaroon deposit by 36%, upgraded the associated scoping study to deliver materially improved projected operating cashflows, and signed a binding heads of agreement with Black Cat Syndicate to fund and develop an open pit operation at Star of Mangaroon once mining approvals are in place. Exploration momentum continued with successful discovery and follow-up drilling at Steve’s Reward and Cullen’s Find, and resource-expansion drilling at Metzke’s Find, with assays pending. Beyond gold, Dreadnought expanded its critical metals exposure through additional diamond drilling at the Stinger prospect within Mangaroon targeting high-grade rare earth carbonatite mineralisation for metallurgical test work, and delivered an initial Inferred Cu-Au-Ag-Co resource at the Orion target in Tarraji-Yampi, underscoring the multi-commodity potential of its portfolio. The company ended the quarter with $21.8 million in cash, broadened its shareholder base through large placements and director equity participation, and continues to benefit from Commonwealth and State support at Tarraji-Yampi, positioning it to advance both gold production and critical metals development in 2026.

The most recent analyst rating on (AU:DRE) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Dreadnought Resources Limited stock, see the AU:DRE Stock Forecast page.

More about Dreadnought Resources Limited

Dreadnought Resources Ltd is an Australian exploration company focused on gold and critical metals, including rare earth elements, niobium, copper, cobalt and other base and precious metals. Its key projects include the Mangaroon and Illaara gold projects and the Mangaroon Critical Metals and Tarraji-Yampi projects in Western Australia, targeting both high-grade gold deposits and a diversified suite of critical minerals supported by government funding initiatives.

Average Trading Volume: 8,281,766

Technical Sentiment Signal: Hold

Current Market Cap: A$146.7M

Learn more about DRE stock on TipRanks’ Stock Analysis page.