tiprankstipranks
Advertisement
Advertisement

Dreadnought Reports Exceptional Gold Recoveries at Metzke’s Find

Story Highlights
  • Dreadnought’s Metzke’s Find tests show nearly 99% gold recovery, confirming free-milling ore.
  • Strong metallurgical results support a 2026 resource upgrade and bolster development prospects.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Dreadnought Reports Exceptional Gold Recoveries at Metzke’s Find

Claim 55% Off TipRanks

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1