Top Page
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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -162.70K | -162.70K | -160.00K | -133.00K | -62.11K | 0.00 |
| EBITDA | -15.05M | -2.04M | -6.14M | -5.37M | -1.64M | -1.20M |
| Net Income | -4.87M | -18.88M | -6.32M | -5.52M | -1.74M | -1.28M |
Balance Sheet | ||||||
| Total Assets | 53.25M | 53.25M | 53.40M | 55.36M | 20.58M | 13.61M |
| Cash, Cash Equivalents and Short-Term Investments | 10.20M | 10.20M | 1.46M | 11.68M | 2.65M | 2.65M |
| Total Debt | 126.80K | 126.80K | 143.38K | 177.58K | 207.32K | 578.95K |
| Total Liabilities | 1.22M | 1.22M | 1.36M | 4.52M | 1.52M | 1.45M |
| Stockholders Equity | 52.03M | 52.03M | 52.04M | 50.84M | 19.05M | 12.16M |
Cash Flow | ||||||
| Free Cash Flow | -9.78K | -9.78K | -19.40M | -20.42M | -7.85M | -6.46M |
| Operating Cash Flow | -1.53K | -1.53K | -2.09M | -1.74M | -1.07M | -456.36K |
| Investing Cash Flow | -6.63M | -6.63K | -7.57M | -27.11M | -6.81M | -6.00M |
| Financing Cash Flow | 16.90M | 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 | AU$146.73M | -47.22 | -1.95% | ― | ― | 21.74% | |
54 Neutral | AU$277.65M | 700.00 | 0.74% | ― | ― | ― | |
52 Neutral | AU$130.87M | -34.01 | -2.30% | ― | ― | 12.50% | |
50 Neutral | AU$146.70M | -5.42 | -36.29% | ― | ― | -166.67% | |
45 Neutral | AU$65.20M | -7.52 | -116.65% | ― | ― | -11.33% | |
43 Neutral | AU$41.44M | -6.89 | -13.86% | ― | ― | -12.34% |
Dreadnought Resources Limited Corporate Events
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.
Dreadnought Resources Limited announced the issuance of 1,840,000 unlisted options to directors as a substitute for salaries, following shareholder approval. This strategic move is aimed at conserving cash for exploration activities, with directors having invested over $7.8 million in the company, highlighting their commitment and confidence in its future growth.
Dreadnought Resources Limited has announced the issuance of 1,840,000 unquoted equity securities in the form of options set to expire on November 28, 2029. This issuance, part of an employee incentive scheme, reflects the company’s strategy to enhance employee engagement and align their interests with the company’s long-term growth objectives. The move is expected to strengthen the company’s operational capabilities and potentially improve its market positioning by retaining and motivating key personnel.
Dreadnought Resources Limited has announced a comprehensive agreement with Black Cat Syndicate Ltd for the development and processing of the Star of Mangaroon gold project. This arrangement allows Dreadnought to commence mining operations without upfront funding, leveraging Black Cat’s expertise and infrastructure. The collaboration is expected to generate cash flows, supporting Dreadnought’s strategic objectives while it continues exploration activities. The agreement also outlines financial terms, including a profit-sharing structure, and positions Dreadnought to focus on further exploration and discovery efforts.
Dreadnought Resources Limited has entered into a joint venture with Black Cat Syndicate Limited to mine and process ore from the high-grade Star of Mangaroon gold deposit. This agreement allows Black Cat to manage and fund the initial development, with both companies sharing the surplus cashflow. The venture is expected to provide significant cashflow benefits and operational flexibility for Black Cat, while also offering strategic opportunities for further discoveries in the region.
Dreadnought Resources Limited announced that all resolutions proposed at its Annual General Meeting were passed by the requisite majority. This outcome reflects strong shareholder support and is likely to positively impact the company’s strategic initiatives and governance, reinforcing its position in the mining industry.
Dreadnought Resources Limited has announced its AGM presentation, highlighting its financial position with approximately $22 million in cash to support its self-funding strategy and ongoing exploration activities. The company emphasizes its commitment to exploration, having invested over 85% of raised funds into exploration efforts, and maintains a strong shareholder base with significant insider investment, indicating confidence in its strategic direction.
Dreadnought Resources Limited has made significant strides in its various projects over the past year. The company finalized a joint venture with Teck Resources for its Bresnahan and Mangaroon Base Metals projects, and divested certain assets to Catalina Resources. At Mangaroon, the company identified promising rare earth mineralization and niobium zones, while also advancing its gold exploration strategy at the Star of Mangaroon. The company aims to become a self-funded explorer by outsourcing key operational aspects, reducing reliance on market funding, and focusing on high-grade gold discoveries. These developments position Dreadnought Resources strategically within the mining sector, particularly in Western Australia, a top investment jurisdiction.
Dreadnought Resources Ltd has announced promising results from their recent drilling program at Cullen’s Find, part of the Mangaroon Gold project. The program revealed thick, near-surface gold intercepts, indicating potential for bulk gold deposits. This marks a significant development since the last exploration in 1986. The company plans to conduct further diamond drilling to gather structural information and assist in future drill planning, with additional assay results expected in December 2025. These findings could enhance Dreadnought’s position in the gold mining industry and offer new opportunities for stakeholders.
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.
Dreadnought Resources Limited has submitted a mining lease application for the Metzke’s Find gold deposit, part of its Illaara Gold Project in Western Australia. This application is based on a high-grade resource and aims to extend mineralization and support infrastructure for an open-pit mine. The company plans to commence drilling in November 2025, aligning with its strategy to expedite gold production and enhance its market position.
Dreadnought Resources Limited has announced promising results from its recent RC drilling at Steve’s Reward, part of the Mangaroon Gold project in Western Australia. The drilling has revealed significant gold-bearing lodes over a 1,000m strike, although some structural complexities and unexplained anomalies suggest that the current drilling orientation may not be optimal. To address this, the company plans to conduct diamond drilling to gain better structural insights, which will guide future exploration efforts. This development indicates potential for a substantial gold discovery, enhancing Dreadnought’s positioning in the resource exploration sector.