Dreadnought Resources Limited (AU:DRE)
ASX:DRE
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Dreadnought Resources Limited
(Sydney:DRE)
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Rating:45Neutral
Price Target:
AU$0.02
▼(-40.00% Downside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by weak financial performance (no revenue, ongoing losses, and negative cash flow), partly offset by a low-debt balance sheet. Technical indicators add further pressure due to a downtrend (price below key moving averages and negative MACD). Valuation provides limited support because the company is loss-making (negative P/E) and has no stated dividend yield.
Positive Factors
Low leverage / conservative balance sheet
Very low debt reduces solvency and interest burden, preserving flexibility to fund exploration or withstand commodity cycles. That conservatism supports project advancement or strategic deals over the next several months without immediate refinancing pressure.
Negative Factors
Pre-revenue business model
With no revenue, the firm lacks operating cash inflows and remains fully reliant on capital markets or partners. That structural dependency raises execution risk and places project advancement contingent on successful financing or asset transactions within months.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
Very low debt reduces solvency and interest burden, preserving flexibility to fund exploration or withstand commodity cycles. That conservatism supports project advancement or strategic deals over the next several months without immediate refinancing pressure.
Read all positive factors
Dreadnought Resources Limited (DRE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$101.56M
Dividend YieldN/A
Average Volume (3M)12.23M
Price to Earnings (P/E)―
Beta (1Y)1.87
Revenue GrowthN/A
EPS Growth-166.67%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding5,642,425,000
10 Day Avg. Volume9,775,422
30 Day Avg. Volume12,231,524
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.70
Price to Sales (P/S)0.00
P/FCF Ratio-3.74K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dreadnought Resources Limited Business Overview & Revenue Model
Company Description
Dreadnought Resources Limited explores for and develops mineral properties in Australia. The company explores for copper, nickel, gold, silver, cobalt, platinum group elements, rare earth elements, iron ore, and base metals. Its core projects incl...
How the Company Makes Money
null...
Dreadnought Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
76
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -174.21K | -162.70K | -160.00K | -133.00K | -62.11K | 0.00 |
| EBITDA | -2.69M | -2.04M | -6.14M | -5.37M | -1.64M | -1.20M |
| Net Income | -6.52M | -18.88M | -6.32M | -5.52M | -1.74M | -1.28M |
Balance Sheet | ||||||
| Total Assets | 69.30M | 53.25M | 53.40M | 55.36M | 20.58M | 13.61M |
| Cash, Cash Equivalents and Short-Term Investments | 21.85M | 10.20M | 1.46M | 11.68M | 2.65M | 2.65M |
| Total Debt | 101.72K | 126.80K | 143.38K | 177.58K | 207.32K | 578.95K |
| Total Liabilities | 937.52K | 1.22M | 1.36M | 4.52M | 1.52M | 1.45M |
| Stockholders Equity | 68.37M | 52.03M | 52.04M | 50.84M | 19.05M | 12.16M |
Cash Flow | ||||||
| Free Cash Flow | -668.65K | -9.78K | -19.40M | -20.42M | -7.85M | -6.46M |
| Operating Cash Flow | -657.51K | -1.53K | -2.09M | -1.74M | -1.07M | -456.36K |
| Investing Cash Flow | -8.18M | -6.63K | -7.57M | -27.11M | -6.81M | -6.00M |
| Financing Cash Flow | 30.85M | 16.90K | 5.44M | 32.01M | 7.74M | 8.64M |
Dreadnought Resources Limited Technical Analysis
Negative
0.03
Price Trends
0.02
Negative
0.03
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
42.82
Neutral
28.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DRE, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.82 is Neutral, neither overbought nor oversold. The STOCH value of 28.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DRE.
Dreadnought Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
52 Neutral | AU$126.22M | 51.54 | -0.50% | ― | ― | 12.50% | |
47 Neutral | AU$51.78M | 0.64 | 86.21% | ― | ― | -11.33% | |
45 Neutral | AU$101.56M | -21.61 | -10.82% | ― | ― | -166.67% | |
45 Neutral | AU$120.83M | -5.36 | -5.19% | ― | ― | 21.74% | |
43 Neutral | AU$175.34M | -60.23 | -3.98% | ― | ― | ― | |
43 Neutral | AU$41.44M | -11.22 | -0.02% | ― | ― | -12.34% |
* Basic Materials Sector Average
AU:DRE
Dreadnought Resources Limited
0.02
<0.01
20.00%
AU:PEX
Peel Mining Limited
0.14
0.05
60.92%
AU:RDM
Red Metal Limited
0.14
0.02
12.50%
AU:IVR
Investigator Resources Ltd
0.07
0.05
184.00%
AU:GL1
Global Lithium Resources Ltd.
0.48
0.30
166.67%
AU:LEL
Lithium Energy Ltd.
0.37
0.00
0.00%
Dreadnought Resources Limited Corporate Events
Dreadnought Starts RC Drilling to Grow High‑Grade Metzke’s Find Gold Resource
Mar 9, 2026
Dreadnought Resources has begun a ~60‑hole, 4,900‑metre reverse circulation drilling program at the high‑grade Metzke’s Find deposit within its 100% owned Illaara Gold Project in Western Australia. The campaign targets exte...
Dreadnought Options Lapse, Trimming Potential Future Dilution
Mar 4, 2026
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 finan...
Dreadnought Launches Largest Drilling Campaign at Illaara Gold Project
Mar 3, 2026
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 firs...
Dreadnought Resources Plans Equity Placement of Over 82 Million Shares
Mar 1, 2026
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 r...
Dreadnought expands Mangaroon footprint with rare earths tenement deal
Mar 1, 2026
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 e...
Kingfisher Sells Gascoyne REE Tenements to Dreadnought to Fund NSW Copper-Gold Push
Mar 1, 2026
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...
Dreadnought Adds Seventh Camp-Scale Prospect at Mangaroon Gold
Feb 23, 2026
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 ge...
Dreadnought Resources Schedules Investor Webinar to Outline 2026 Plans
Feb 11, 2026
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 th...
Dreadnought Upgrades Mangaroon Gold Results, Sets Stage for Systematic Minga Bar Drilling
Feb 8, 2026
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,...
Dreadnought Resources Boosts Exploration Spend on Back of Strong Equity Raising
Jan 18, 2026
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...
Dreadnought boosts gold resources, secures funding and unveils new critical metals resource
Jan 18, 2026
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 co...
Dreadnought Resources’ Managing Director Sees 6.8m Performance Rights Expire
Jan 2, 2026
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 o...
Dreadnought Resources Lets 20.3m Performance Rights Lapse
Jan 2, 2026
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 potenti...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.