Dreadnought Resources (DRE) Q4 2026 TU earnings summary

Executive summary

• Advanced Star of Mangaroon open pit towards production with key mining and closure approvals received and road access progressing.

• Metzke's Find at Illaara Gold Project saw RC drilling, exceptional gold recoveries, high-grade extensions, and a 94% increase in high-grade Indicated Resource.

• Discovery-focused activities identified multiple large-scale gold anomalies at Illaara and Mangaroon.

• High-grade critical metals intercepts at Stinger prospect, Mangaroon, expanding the mineralised footprint.

• Divestment of the Mid-West Option while retaining exposure to upside.

Financial highlights

• Closing cash on hand at 30 June 2026 was $15.7 million.

• $3.77 million spent on exploration and study activities during the quarter.

• No new equity issued during the quarter.

Outlook and guidance

• Star of Mangaroon mine approvals expected to lead to commencement of mining and production in the December 2026 quarter.

• Ongoing drilling and exploration at Mangaroon and Illaara, with follow-up programs planned for newly identified anomalies.

• Updated JORC Exploration Target for Stinger to include potential critical metal by-products.