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An announcement from Dreadnought Resources Limited ( (AU:DRE) ) is now available.
Dreadnought Resources Limited announced the progress of its Reverse Circulation (RC) drilling at the Mangaroon Gold Project, with promising structures identified at various sites including Cullen’s Find and Midday Moon. The company has completed 55 RC holes totaling 4,675 meters and is awaiting assay results expected in October and November 2025. The drilling program aims to extend the open pit at Star of Mangaroon and add near-term production ounces at Pritchard’s Well, with discovery drilling underway at Lesgo and other prospects. The results of these assays could significantly impact the company’s exploration strategy and potential resource expansion.
The most recent analyst rating on (AU:DRE) stock is a Buy with a A$0.05 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 Limited is a company operating in the mining and exploration industry, focusing on gold resources. The company is engaged in the exploration and development of gold projects, with a significant focus on the Mangaroon Gold Project located in the Gascoyne region of Western Australia.
Average Trading Volume: 13,188,079
Technical Sentiment Signal: Buy
Current Market Cap: A$198.1M
For an in-depth examination of DRE stock, go to TipRanks’ Overview page.