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Dreadnought Resources Limited
(Sydney:DRE)
Dreadnought Resources Limited (DRE) vs. iShares MSCI Australia ETF (EWA)
Dreadnought Resources Limited Business Overview & Revenue Model
Dreadnought Resources Limited Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -162.70K | -160.00K | -133.00K | -62.11K | 0.00 |
| EBITDA | -2.04M | -6.14M | -5.37M | -1.64M | -1.20M |
| Net Income | -18.88M | -6.32M | -5.52M | -1.74M | -1.28M |
Balance Sheet | |||||
| Total Assets | 53.25M | 53.40M | 55.36M | 20.58M | 13.61M |
| Cash, Cash Equivalents and Short-Term Investments | 10.20M | 1.46M | 11.68M | 2.65M | 2.65M |
| Total Debt | 126.80K | 143.38K | 177.58K | 207.32K | 578.95K |
| Total Liabilities | 1.22M | 1.36M | 4.52M | 1.52M | 1.45M |
| Stockholders Equity | 52.03M | 52.04M | 50.84M | 19.05M | 12.16M |
Cash Flow | |||||
| Free Cash Flow | -9.78K | -19.40M | -20.42M | -7.85M | -6.46M |
| Operating Cash Flow | -1.53K | -2.09M | -1.74M | -1.07M | -456.36K |
| Investing Cash Flow | -6.63K | -7.57M | -27.11M | -6.81M | -6.00M |
| Financing Cash Flow | 16.90K | 5.44M | 32.01M | 7.74M | 8.64M |
Dreadnought Resources Limited Technical Analysis
Dreadnought Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | €146.73M | -5.36 | -1.95% | ― | ― | 21.74% | |
52 Neutral | AU$127.54M | -9.33 | -2.30% | ― | ― | 12.50% | |
50 Neutral | AU$141.06M | -1.94 | -36.29% | ― | ― | -166.67% | |
47 Neutral | AU$59.45M | -5.23 | -116.65% | ― | ― | -11.33% | |
43 Neutral | AU$184.61M | 222.22 | 0.74% | ― | ― | ― | |
43 Neutral | AU$41.44M | -11.22 | -13.86% | ― | ― | -12.34% |
Dreadnought Resources Limited Corporate Events
Dreadnought Resources Ltd, an Australian mineral exploration company listed on the ASX under the code DRE, has updated the market on changes to its capital structure. The company oversees various securities, including options, as part of its financing and ownership framework.
The company disclosed that 1,223,151 listed options with the code DREAO, exercisable at $0.12 and expiring on 2 March 2026, have lapsed without being exercised. This cessation slightly reduces Dreadnought Resources’ potential future share dilution from option conversion and clarifies the current volume of outstanding securities for investors.
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.
Dreadnought Resources has launched its largest exploration campaign to date, a ~550-hole, ~40,000-metre air core drilling program at its wholly owned Illaara Gold Project in the Yilgarn region of Western Australia. The systematic program, the first of its kind on this underexplored greenstone belt, will test roughly 24 kilometres of strike using wide-spaced drilling to identify gold anomalism in weathered saprolite with potential to host a major deposit.
Management positions the initiative as central to its “Finding More Gold, Faster” strategy, highlighting that Illaara sits beside belts with decades of multi-million-ounce production yet has not previously seen comparable air core coverage. Results are expected to start flowing from April 2026 over a three- to four-month drilling window, with the company signalling that any significant anomalies could underpin follow-up drilling and potentially transform its growth profile and market standing.
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.
Dreadnought Resources Limited has notified the ASX of a proposed placement involving the issue of up to 82,682,358 new fully paid ordinary shares. The securities are expected to be issued on 28 May 2026, indicating that the company is seeking to raise additional equity capital to support its ongoing activities and strengthen its financial position, which may have implications for existing shareholders through dilution but could enhance funding for project development.
The placement reflects Dreadnought’s continued engagement with capital markets to finance its exploration and development strategy. By expanding its share base, the company is positioning itself to advance its resource projects, potentially improving its competitive stance in the mining sector while signalling active growth and investment plans to stakeholders.
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.
Dreadnought Resources has agreed, subject to completion, to acquire 12 tenements adjacent to its 100% owned Mangaroon Critical Minerals project in Western Australia’s Gascoyne Region, consolidating a further ~20km of mapped high-grade rare earth mineralisation. The ground, acquired from an unrelated party, lies within the Chalba Shear zone and is geologically similar to Dreadnought’s nearby Gifford Creek Carbonatite Complex, where the company has established a substantial multi-mineral resource.
The tenements also carry strong tungsten, copper and gold potential along roughly 54km of strike, broadening Dreadnought’s exposure to key critical and precious metals in a tier-one jurisdiction. Initial work will focus on metallurgical testing of outcropping rare earth mineralisation and project-wide stream sediment sampling, moves that management says will expand scale, cement the company’s regional position and enhance the value of its Gifford Creek hub for investors and other stakeholders.
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.
Kingfisher Mining has agreed to sell 100% of its interest in 12 granted exploration licences in Western Australia’s Gascoyne region to Dreadnought Resources’ subsidiary, receiving A$2 million in Dreadnought shares upfront and up to A$1.5 million in performance-based cash milestone payments. The divestment frees capital and technical resources for Kingfisher to accelerate exploration at its NSW copper, gold, silver, zinc and lead projects, notably the Copper Blow IOCG project near Broken Hill, while retaining upside exposure to rare earths through its new Dreadnought shareholding and potential milestone payments.
Recent drilling at Copper Blow has delivered high-grade copper-gold intercepts across both the North and South zones along a 600-metre strike, within a largely untested four-kilometre magnetic anomaly. By redirecting funds from the Gascoyne assets into drill-ready NSW targets such as Copper Blow and Allendale, Kingfisher aims to capitalise on strong demand and favourable pricing for copper, gold, silver and base metals, sharpening its strategic focus and potentially enhancing shareholder value through more targeted discovery efforts.
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.
Dreadnought Resources has identified a seventh camp-scale prospect, High Range Northwest, at its Mangaroon Gold Project after completing project-wide stream sediment sampling, adding to a portfolio of large gold prospects with strong pathfinder geochemistry. Several of these prospects show gold and pathfinder anomalies that are stronger or larger than those at the historically productive Star of Mangaroon area.
Target definition work has extended the Steve’s Reward gold-in-soil anomaly to about 4 km by 1 km and outlined more than 8 km of gold-in-soil anomalism at High Range North, marking the first gold-focused exploration in this belt. The company plans extensive soil sampling and mapping across High Range North, High Range Northwest, Steve’s Reward, Minga Bar and High Range South in March–April 2026, aiming to generate drill targets for the second half of 2026 and potentially advance a major large-scale gold discovery.
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.
Dreadnought Resources has invited shareholders and InvestorHub members to an exclusive webinar on 25 February, where management will outline the company’s priorities and exploration plans for 2026. Managing Director Dean Tuck will deliver the presentation, take questions from participants, and provide guidance on what investors can expect over the year ahead.
Access to the event is limited to InvestorHub members, with shareholders required to register via the company’s website to attend and submit questions in advance or during the live session. The initiative underscores Dreadnought’s focus on investor engagement and transparency as it sets the tone for its 2026 exploration program and broader strategic direction.
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.
Dreadnought Resources Ltd is an Australian mineral exploration company focused on gold projects in Western Australia’s Gascoyne region. Its flagship Mangaroon Gold Project targets multiple camp-scale prospects along the Minga Bar shear zone, a crustal-scale structure with potential for several bulk and high-grade gold deposits within its extensive strike length.
The company’s strategy centres on systematic reverse circulation drilling across underexplored structural corridors such as Cullen’s Find, Midday Moon and Midnight Star. By upgrading historical work with modern geochemistry and detailed sampling, Dreadnought aims to define both near-term production ounces and larger-scale discoveries that can enhance its resource base and development pipeline.
Dreadnought Resources has reported upgraded high-grade gold results from its 2025 reverse circulation drilling at the Mangaroon Gold Project, confirming mineralisation at three soil-defined targets over about 7 kilometres of the Minga Bar shear zone. One-metre split assays at Cullen’s Find, Midnight Star and Midday Moon have delivered the thickest intercepts to date, indicating potential for bulk-tonnage gold in addition to narrow high-grade shoots.
The results validate the Minga Bar shear zone as a major camp-scale corridor, with just a fraction of its ~80-kilometre strike tested so far, and support plans for the first systematic drilling along the structure between Cullen’s Find and Midnight Star starting April–May 2026. Additional assays from other prospects and thousands of soil samples due through early 2026 are set to refine targeting, with implications for expanding Dreadnought’s resource inventory and strengthening its exploration position in the Gascoyne gold sector.
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.
Dreadnought Resources reported its quarterly cash flow for the period ended 31 December 2025, highlighting a modest net cash inflow of A$192,000 from operating activities, supported by government grants and tax incentives of A$386,000 and interest income of A$125,000. The company significantly increased investment in exploration and evaluation, with A$2.75 million spent during the quarter and A$5.44 million over six months, resulting in a net cash outflow of A$2.76 million from investing activities. This elevated exploration spend was largely funded by strong financing inflows, including A$18.61 million raised from equity issues and option exercises offset by A$1.19 million in transaction costs, delivering a net A$17.41 million inflow from financing activities. Overall, the cash movements underscore Dreadnought’s strategy of aggressively funding exploration through equity capital, reinforcing its growth-focused positioning while increasing its dependence on capital markets to support ongoing exploration programmes.
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.
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.
Dreadnought Resources Limited has disclosed a change in Managing Director Dean Tuck’s indirect interests in the company’s securities, held through the Tuck Family account. The notice details the expiry, without conversion, of a total of 6.8 million performance rights across Classes D, E and I as at 31 December 2025, with no consideration exchanged and no change to his substantial holding of 53,226,589 ordinary fully paid shares. Tuck continues to hold performance rights in several other classes (J, K, M, N and O), and the company confirmed that no trades occurred during a closed period, indicating the adjustment reflects the lapse of long‑term incentive instruments rather than active dealing in the stock.
The most recent analyst rating on (AU:DRE) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Dreadnought Resources Limited stock, see the AU:DRE Stock Forecast page.
Dreadnought Resources has notified the market that 20,325,000 performance rights (ASX code DREAR) have lapsed unexercised as of 31 December 2025, following their expiry. The cessation of these securities reduces the company’s pool of potential equity dilution tied to these rights, modestly tightening its issued capital structure and clarifying the outstanding incentive-based instruments for existing shareholders.
The most recent analyst rating on (AU:DRE) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Dreadnought Resources Limited stock, see the AU:DRE Stock Forecast page.
Dreadnought Resources Limited announced a change in the director’s interest, specifically the expiration of 853,098 unlisted options held by Director Philip Crutchfield. This change reflects a decrease in the director’s indirect holdings, potentially impacting the company’s governance and shareholder dynamics.
Dreadnought Resources Limited announced the cessation of 853,098 securities due to the expiry of options that were not exercised or converted by the deadline of December 16, 2025. This cessation of securities may impact the company’s capital structure and could influence investor perceptions, as it reflects the non-utilization of options that might have otherwise contributed to capital inflow.
Dreadnought Resources Limited announced a change in the director’s interest, with Philip Crutchfield acquiring 14,285,715 ordinary fully paid shares valued at $500,000.03. This acquisition was part of a company placement approved by shareholders, potentially strengthening the company’s financial position and signaling confidence in its strategic direction.
Dreadnought Resources Limited has issued over 17 million fully paid ordinary shares to its directors as part of a placement, increasing their total investment to approximately $7.9 million. Additionally, the company issued shares through the exercise of employee performance rights and options, raising $1,741, which reflects its ongoing efforts to strengthen its capital structure and support its strategic initiatives.
Dreadnought Resources Limited announced the issuance of 17,428,580 fully paid ordinary securities, which are to be quoted on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and reflects the company’s ongoing efforts to enhance its financial standing and operational capacity, potentially impacting its market position and stakeholder interests.
Dreadnought Resources Limited has announced an initial inferred mineral resource for the Orion deposit, part of the Tarraji-Yampi project, confirming it as a Besshi-style volcanogenic massive sulphide system. The resource contains significant quantities of copper, gold, silver, and cobalt, with potential for further discoveries and extensions. This development positions Orion as a potentially significant economic contributor to the West Kimberley Region, especially following the closure of the Koolan Island Iron Ore mine. The project’s location in a critical minerals zone underscores its importance for Australia’s strategic interests and the global energy transition.
Dreadnought Resources Limited has announced successful results from its recent RC drilling program at the Stinger REE-Nb target, part of the Mangaroon Critical Metals project. The drilling revealed high-grade deposits of critical metals such as rare earth elements, niobium, titanium, scandium, and phosphate, which are essential for the global energy transition and electronics and defense industries. The company is optimistic about the potential for further discoveries, with only a quarter of the Gifford Creek Carbonatite explored so far. Additional diamond drilling is underway to test high-grade REE targets, with results expected in early 2026. This development could enhance Dreadnought’s position in the critical metals market and contribute to economic growth in northern Australia.
Dreadnought Resources Limited has announced the application for quotation of 31,187,500 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of their strategy to enhance liquidity and potentially raise capital, which could impact their operational capabilities and market presence.
Dreadnought Resources Limited has announced the quotation of 23,207 fully paid ordinary securities on the ASX, effective from December 8, 2025. This move is part of the company’s strategy to strengthen its financial position and enhance liquidity, potentially impacting its market presence and offering benefits to its stakeholders.
Dreadnought Resources Limited announced a change in the interest of its director, Dean Tuck, involving the acquisition of performance rights. This change, approved by shareholders at the recent Annual General Meeting, reflects the company’s ongoing efforts to align management incentives with shareholder interests, potentially impacting its operational strategy and stakeholder engagement.
Dreadnought Resources Limited announced the issuance of 53,900,000 unquoted performance rights as part of an employee incentive scheme. This move is aimed at motivating and retaining talent within the company, potentially enhancing its operational efficiency and competitive positioning in the mining sector.