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An announcement from Dreadnought Resources Limited ( (AU:DRE) ) is now available.
Dreadnought Resources has reported exceptional metallurgical results from its Metzke’s Find deposit at the Illaara Gold Project in Western Australia, with combined gravity and carbon-in-leach recoveries averaging 98.9% across multiple grind sizes and gravity recovery averaging 78.5%. The test work confirms Metzke’s Find hosts free-milling, coarse-grained gold amenable to conventional processing with rapid leach kinetics and moderate reagent consumption, supporting plans to update and upgrade the existing high-grade resource in July 2026 and feeding into economic studies that could underpin development and bolster the company’s goal of self-funded exploration.
The metallurgical program, conducted on five composite samples representing various grades and locations within the planned resource, showed recoveries well above industry averages even at relatively coarse grind sizes, underscoring the robust processing characteristics of the ore. These strong results are expected to enhance the project’s economic appeal, potentially improving Dreadnought’s industry positioning as it advances Metzke’s Find towards development, plans additional metallurgical and geotechnical work, and evaluates the project alongside Star of Mangaroon as a future cash-generating asset.
More about Dreadnought Resources Limited
Dreadnought Resources Limited is an Australian mineral exploration company focused on gold projects in Western Australia, including the 100% owned Illaara Gold Project in the Yilgarn region. The company aims to advance high-grade deposits such as Metzke’s Find and Star of Mangaroon to support a strategy of becoming a self-funded explorer through project development and commercialisation.
Average Trading Volume: 5,277,818
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$97.33M
For a thorough assessment of DRE stock, go to TipRanks’ Stock Analysis page.

