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The latest update is out from Dreadnought Resources Limited ( (AU:DRE) ).
Dreadnought Resources Limited has commenced a 43-hole RC drilling program at Metzke’s Find, part of its Illaara Gold Project. This initiative, part of the company’s strategy to boost production, aims to expand and upgrade the existing gold resource, which currently stands at 14,900oz at 6.8g/t Au. The program will also provide material for metallurgical testing, with results expected in early 2026. The drilling is significant for Dreadnought’s goal of enhancing its resource base and advancing towards production, potentially impacting its market position and stakeholder interests.
More about Dreadnought Resources Limited
Dreadnought Resources Limited is a company operating in the mining industry, focusing on gold exploration and production. The company is engaged in the development of the Illaara Gold Project, located in the Yilgarn region of Western Australia. Its strategy, ‘Finding More Gold, Faster,’ aims to increase gold production and become a self-funded explorer.
Average Trading Volume: 16,044,050
Technical Sentiment Signal: Buy
Current Market Cap: A$184.6M
For a thorough assessment of DRE stock, go to TipRanks’ Stock Analysis page.