Dreadnought Resources (DRE) Q3 2026 TU earnings summary

Executive summary

• Cash position at AUD 19.6 million at quarter-end, supporting ongoing exploration and development.

• Major operational progress includes mining development and closure plan approval for Star of Mangaroon, with key approvals received and expanded drilling at Star of Mangaroon and Illaara.

• Delivered high-grade gold and critical metals results across multiple projects, including significant intercepts at Stinger and Minga Bar.

• Consolidated rare earths position with acquisition of additional tenements, enhancing scale and potential.

• Strategy remains focused on advancing high-grade gold deposits and large-scale discovery programs.

Financial highlights

• Cash on hand at 31 March 2026: AUD 19.6 million (bank: AUD 1.6 million, call deposits: AUD 18 million).

• Exploration and study expenditure for the quarter: AUD 1.9 million.

• Interest income of approximately AUD 300,000.

• Issued 82.7 million shares at AUD 0.024 for tenement acquisition and 92.6K shares at AUD 0.075 from option exercise.

• Directors' remuneration for the quarter: AUD 109,000.

Outlook and guidance

• Star of Mangaroon on track for mining and processing commencement later this year, pending final approvals.

• Metzke's Find resource update and scoping study expected soon, with mining targeted for 2027.

• Ongoing drilling at Illaara and Metzke's Find aims to expand resources and upgrade categories.

• Updated JORC Exploration Target for Stinger to include critical metal byproducts.

• Critical metals segment expected to gain momentum with rising prices and regional developments.