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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 | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -77.71K | -159.75K | -132.81K | -62.11K | 0.00 | 0.00 | EBIT |
| ― | -4.15M | -5.40M | -1.72M | -1.07M | -1.19M | EBITDA |
| -2.79M | -6.14M | -5.37M | -1.64M | -1.07M | -1.14M | Net Income Common Stockholders |
| ― | -6.32M | -5.52M | -1.74M | -1.28M | -1.22M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 538.23K | 1.46M | 11.68M | 2.65M | 2.65M | 464.10K | Total Assets |
| 43.18M | 53.40M | 55.36M | 20.58M | 13.61M | 5.67M | Total Debt |
| 150.38K | 143.38K | 177.58K | 207.32K | 578.95K | 578.95K | Net Debt |
| -372.84K | -1.31M | -5.49M | -2.29M | -2.07M | 114.85K | Total Liabilities |
| 721.31K | 1.36M | 4.52M | 1.52M | 1.45M | 1.07M | Stockholders Equity |
| 42.46M | 52.04M | 50.84M | 19.05M | 12.16M | 4.60M |
| Cash Flow | Free Cash Flow | ||||
| ― | -19.40M | -20.42M | -7.85M | -6.46M | -3.09M | Operating Cash Flow |
| ― | -2.09M | -1.74M | -1.07M | -456.36K | -543.00K | Investing Cash Flow |
| ― | -7.57M | -27.11M | -6.81M | -6.00M | -2.55M | Financing Cash Flow |
| ― | 5.44M | 32.01M | 7.74M | 8.64M | 2.91M |
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 |
|---|---|---|---|---|---|---|---|
50 Neutral | $1.99B | -1.06 | -21.34% | 3.71% | 2.03% | -30.65% | |
46 Neutral | AU$66.03M | ― | -34.82% | ― | ― | -142.11% | |
| £6.64B | 58.64 | -3.53% | 3.46% | ― | ― | ||
| $4.88B | 144.69 | 2.27% | ― | ― | ― | ||
| $18.57B | 22.48 | 11.01% | 2.69% | ― | ― | ||
| $2.01B | 1,408.33 | -36.53% | 6.84% | ― | ― | ||
| $2.96B | 43.31 | -33.95% | 4.54% | ― | ― |
Dreadnought Resources Limited Corporate Events
Dreadnought Resources Limited has announced a webinar for shareholders and InvestorHub members, scheduled for May 9, 2025. The session will feature Managing Director Dean Tuck, who will provide updates on the company’s progress and address questions, reflecting Dreadnought’s commitment to maintaining transparent communication with its stakeholders.
Dreadnought Resources Limited has entered into a $15 million Farm-In and Joint Venture Agreement with a subsidiary of Teck Resources Limited to advance the Money Intrusion Ni-Cu-Co-PGE prospect at Mangaroon in Western Australia. This agreement allows Teck to earn a 75% interest in the tenements by funding the exploration, while Dreadnought retains its focus on gold prospects. The collaboration is expected to enhance Dreadnought’s exposure to nickel and copper potential, aligning with global development and energy transition needs.
Dreadnought Resources Limited has requested a trading halt on its securities pending the release of an announcement concerning a significant Farm-in and Joint Venture Agreement. This halt will remain until the announcement is made or normal trading resumes on May 2, 2025. The move indicates a potentially impactful development in the company’s operations, which could influence its market positioning and stakeholder interests.
Dreadnought Resources Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $219,000, while investing activities resulted in a net cash outflow of $936,000. The company successfully raised $3.94 million from equity securities, contributing to a net cash inflow from financing activities of $3.71 million. This financial maneuvering indicates Dreadnought’s strategic focus on securing capital to support its ongoing exploration and development projects, potentially strengthening its position in the mining sector.
Dreadnought Resources Limited has made substantial progress in its ‘Finding More Gold, Faster’ strategy during the first quarter of 2025. The company released a robust scoping study for the Star of Mangaroon and expanded its land holdings with acquisitions that have high-grade gold and base metal potential. Financially, Dreadnought strengthened its position by securing significant funding through placements and share purchase plans, totaling over $13 million. These funds will support accelerated exploration activities, potentially leading to significant discoveries and enhancing the company’s market position. Additionally, Dreadnought divested non-core assets, estimated a JORC Exploration Target for the Stinger Niobium deposit, and received a drilling grant, further solidifying its strategic focus on key projects.
Dreadnought Resources Limited has announced a new application for the quotation of securities on the Australian Securities Exchange (ASX). The company will be quoting 30,769,231 fully paid ordinary securities, which were issued as part of previously announced transactions. This move is expected to enhance the company’s market presence and provide additional liquidity for its securities, potentially benefiting stakeholders by increasing the company’s visibility and attractiveness to investors.
Dreadnought Resources Limited has been awarded a $120,000 co-funded RC drilling grant under the Exploration Incentive Scheme for its Mangaroon Gold Project. This grant will support initial drilling at the Inevitable Cu-Au target within the Bordah gold camp, which shows strong potential for significant mineralization. The drilling, set to commence in June 2025, aims to explore multiple electromagnetic conductors and sub-cropping gossans, potentially enhancing the company’s exploration success and positioning in the industry.
Dreadnought Resources Limited has announced the application for the quotation of 143,800,000 fully paid ordinary securities on the ASX, set to be issued on April 23, 2025. This move is part of previously announced transactions and is expected to enhance the company’s capital structure, potentially impacting its market positioning and offering opportunities for stakeholders.
Dreadnought Resources Limited announced the cancellation of a previous securities issue announcement due to the timely granting of an ASX waiver, which allowed adherence to the original timeline for the securities purchase plan. This update ensures that the proposed issue of securities will proceed as planned, maintaining the company’s strategic timeline and potentially impacting its financial operations and stakeholder interests.
Dreadnought Resources Limited announced the successful completion of its Share Purchase Plan (SPP), which was oversubscribed, raising $1,725,600 through the issuance of 143,800,000 shares. The funds will support the advancement of the Mangaroon Gold Project, including resource and regional drilling, mining approvals, and studies. Additionally, the company conducted a placement raising $6,127,600, with a second tranche subject to shareholder approval. This financial boost is expected to enhance Dreadnought’s exploration and production capabilities, reinforcing its position in the gold mining sector.
Dreadnought Resources Limited announced the planned closure of its Share Purchase Plan (SPP) offer period, which will conclude at 2:00 pm on 15 April 2025, with no extensions. This development is significant for shareholders who wish to participate, as it marks a key step in the company’s capital raising efforts, potentially impacting its financial strategy and stakeholder engagement.
Dreadnought Resources Limited has announced a general meeting for its shareholders, scheduled to take place on May 9, 2025, at their office in Osborne Park, WA. The company is encouraging shareholders to opt for electronic communication to reduce administrative costs, with meeting materials available online or via email for those who have registered their email addresses. This move reflects a broader trend towards digital communication in corporate governance, aiming to streamline processes and enhance shareholder engagement.
Dreadnought Resources Limited announced an update regarding its proposed issue of securities. The company received an ASX waiver, allowing it to revert to the initially planned opening date of April 4, 2025, for its securities purchase plan. This update does not include any other changes to the previous announcement, indicating a stable progression in their securities offering strategy.
Dreadnought Resources Limited has announced a successful two-tranche placement to raise $8.5 million, with the first tranche already completed at $6,127,600. This funding supports their ‘Find More Gold, Faster’ strategy, aiming to transition into a self-funded explorer. Additionally, a Share Purchase Plan (SPP) is in place to raise up to $1.5 million from shareholders, with the ASX granting necessary waivers to facilitate this. The company’s strategic moves are expected to bolster its exploration capabilities and strengthen its market position.
Dreadnought Resources Limited has announced the opening of its Share Purchase Plan (SPP), allowing eligible shareholders in Australia and New Zealand to purchase up to $30,000 worth of new shares at a discounted price of $0.012 per share. The company aims to raise up to $1,500,000 through this initiative, which, along with previous funds raised, will be used to advance the Mangaroon Gold Project, conduct drilling at Illaara, and support general working capital. This move is expected to strengthen Dreadnought’s financial position and support its ongoing mining projects.
Dreadnought Resources Limited has successfully completed the first tranche of its recent share placement, issuing over 510 million shares at $0.012 each, raising approximately $6.1 million. This strategic move, utilizing the company’s existing placement capacity, aims to strengthen its capital structure and support its ongoing exploration activities. The second tranche, involving nearly 198 million shares, awaits shareholder approval, indicating a continued focus on capital raising to bolster its operational capabilities.
Dreadnought Resources Limited has announced the application for quotation of 510,633,333 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective April 4, 2025. This move is part of previously announced transactions and is expected to bolster the company’s financial standing and market presence, providing potential growth opportunities and increased liquidity for stakeholders.
Dreadnought Resources Limited has announced a proposed issue of 125,000,000 ordinary fully paid securities under a securities purchase plan. The offer is set to close on April 15, 2025, with the issue date scheduled for April 23, 2025. This move is part of the company’s strategy to raise capital, which could potentially impact its market positioning and provide opportunities for stakeholders.
Dreadnought Resources Limited has commenced reverse circulation (RC) drilling at its 100% owned Mangaroon Gold Project in Western Australia, targeting near-surface high-grade gold ounces. The drilling program, which involves approximately 46 RC holes across multiple sites, aims to add production ounces and extend mineralization at the Star of Mangaroon and other sites. This initiative is part of Dreadnought’s strategy to increase gold production, improve mining efficiency, and enhance cash flow, with the objective of commencing open pit mining in 2025 and processing material at Black Cat’s Paulsens facility.
Dreadnought Resources Limited has announced a webinar for shareholders and InvestorHub members, where the Managing Director, Dean Tuck, will discuss the company’s recent successful capital raise. This funding will support the company’s gold-focused strategy, particularly in accelerating exploration at Mangaroon and Illaara and advancing the Star of Mangaroon towards production. The webinar will provide an opportunity for stakeholders to engage with the company’s plans and progress.
Dreadnought Resources Limited has announced a corporate overview highlighting its current market capitalization of approximately $62 million and a cash position of around A$3.3 million as of February 2025. The company’s board includes key figures such as Non-Executive Chairman Paul Chapman and Managing Director Dean Tuck, with major shareholders comprising directors and management holding a 13% stake. This announcement underscores Dreadnought’s strategic focus on expanding its gold exploration activities, which could potentially enhance its industry positioning and offer significant implications for stakeholders.
Dreadnought Resources Limited has announced a proposed issue of 125 million ordinary fully paid securities under a securities purchase plan. This move is aimed at raising capital to support the company’s ongoing exploration and development activities, potentially strengthening its position in the mining sector and providing opportunities for growth and increased shareholder value.
Dreadnought Resources Limited has announced a proposed issue of 197,700,001 fully paid ordinary securities, with the issuance date set for May 14, 2025. This strategic move is expected to enhance the company’s capital structure, potentially impacting its operational capabilities and market position positively.
Dreadnought Resources Limited has announced a proposed issue of 510,633,333 fully paid ordinary securities, with an expected issue date of April 4, 2025. This move is part of the company’s strategy to raise capital, potentially impacting its market position by enhancing its financial resources for ongoing and future projects.
Dreadnought Resources Limited has successfully raised $8.5 million through a two-tranche placement, with participation from Black Cat Syndicate Limited, to fund its ongoing gold exploration and development activities. The capital will support further drilling and mining approvals at the Mangaroon Gold Project and other sites, aiming to expedite gold discovery and production.
Dreadnought Resources Limited has requested a trading halt on its securities pending an announcement regarding a capital raising. The trading halt is expected to remain in place until the announcement is made or normal trading resumes on March 28, 2025. This move is likely aimed at securing additional capital to support the company’s operations and growth strategy.
Dreadnought Resources Limited has announced the acquisition of the E09/2479 tenement, which is strategically located within its 100% owned Mangaroon Gold Project. This acquisition is expected to enhance the company’s exploration potential by providing access to additional gold mineralization areas with limited previous drilling. The tenement covers a significant portion of the Minga Bar shear zone, known for high-grade gold occurrences, and is anticipated to offer further opportunities for major gold discoveries. The company plans to commence drilling this month to identify and add ounces to production, potentially strengthening its position in the gold mining sector.
Dreadnought Resources Limited has announced significant progress in its Mangaroon Gold Project, extending the high-grade gold lode at Steve’s Reward from approximately 300 meters to 1,000 meters and identifying additional parallel or splay lodes with high-grade rock chips. The confirmation of gold mineralization at Midday Moon adds another promising target to their exploration efforts. The company plans to commence drilling at several approved mining leases, aiming to expand its production potential, which could enhance its position in the gold mining sector and provide new opportunities for stakeholders.
Dreadnought Resources Limited has issued 3,561,666 unlisted options to directors Paul Chapman and Philip Crutchfield as part of their remuneration, following shareholder approval. This move is intended to preserve cash for exploration activities, with directors having invested over $7 million in the company. The issuance of these options reflects the company’s strategy to manage its financial resources effectively while continuing its exploration efforts.
Dreadnought Resources Limited announced the cessation of 3,000,000 securities due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and could influence investor perception regarding the company’s ability to meet certain conditions for securities issuance.
Dreadnought Resources Limited has announced the issuance of new unquoted equity securities, specifically options expiring in February 2029. This move is part of an employee incentive scheme and reflects the company’s strategy to enhance its operational capabilities and retain talent, potentially impacting its market positioning positively.
Dreadnought Resources Limited has announced an Exploration Target for its Stinger niobium project, part of the Mangaroon Critical Metals Project. The internal study highlights significant economic potential, with Stinger delivering some of the thickest and highest-grade niobium intercepts in the region. The estimated Exploration Target ranges from 15 to 60 million tonnes with a niobium grade of 0.5% to 1.0%, indicating a substantial opportunity for further development. The company plans to seek a partner, preferably from the steel industry, to advance the project, while continuing its gold exploration efforts.
Dreadnought Resources Limited has received strong endorsement from Black Cat Syndicate Ltd for its gold operations development at the Star of Mangaroon, boosting investor confidence in its strategic direction. Recent trading activity in Dreadnought’s securities aligns with heightened interest in the critical minerals sector, and the company remains compliant with ASX listing rules.
Dreadnought Resources Limited has appointed Mrs. Debra Fullarton as Joint Company Secretary, effective 13 February 2025. This appointment aims to strengthen the company’s administrative functions, with Mrs. Fullarton also serving as the Chief Financial Officer, providing support in secretarial duties alongside Ms. Jessamyn Lyons.
Dreadnought Resources Limited has successfully settled the first tranche of a placement, issuing 288 million shares to raise $2.88 million. Additionally, it has issued shares to Black Cat Syndicate Ltd to raise an additional $1 million, with further investments by the company’s directors awaiting shareholder approval. This capital raising strengthens Dreadnought’s financial position, potentially enhancing its operations and influence in the mining sector.
Dreadnought Resources Limited has announced the issuance of 66,667 fully paid ordinary securities on February 12, 2025, as part of its strategy to manage its capital structure. This move could potentially strengthen the company’s financial position and enhance its ability to pursue further exploration and development activities, which may impact its market positioning and stakeholder interests.
Dreadnought Resources Limited announced a new issuance of 100 million fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX). This move follows a previously announced transaction and is expected to enhance the company’s capital structure, potentially impacting its market positioning and providing opportunities for investors.
Dreadnought Resources Limited announced the quotation of 288,000,000 fully paid ordinary securities on the ASX, effective February 12, 2025. This move is part of a previously announced transaction, potentially strengthening the company’s capital base and enhancing its operational capabilities, thereby impacting its market presence and stakeholder interests positively.
Dreadnought Resources Limited invites shareholders and members of InvestorHub to a webinar where Managing Director Dean Tuck will present an update on recent activities and plans for 2025, centered on developing the Star of Mangaroon gold mine. The webinar aims to engage stakeholders and provide transparency on the company’s strategic direction, potentially impacting its operational focus and investor relations.
Dreadnought Resources Limited has provided a corporate presentation updating their exploration activities across multiple projects. Highlights include significant discoveries and resource expansions in rare earth elements and gold, notably at the Mangaroon and Bresnahan projects. This ongoing exploration success positions the company as a key player in the rare earth and mineral resources sector, potentially impacting their operational capabilities and offering promising prospects for stakeholders.