Dreadnought Resources (DRE) H1 2026 earnings summary

Executive summary

• Focused on exploration and development of high-quality projects in Western Australia, targeting gold, rare earths, niobium, copper, and nickel.

• Major project highlights include Mangaroon (gold and REE), Central Yilgarn (gold), Tarraji-Yampi (copper-gold-silver-cobalt), and Money Intrusion (nickel-copper-PGE, Teck JV).

• Significant corporate activity included a major capital raising, performance rights grants, and new tenement acquisitions.

Financial highlights

• Net loss after tax for the half-year was $1,654,444, a significant improvement from a $14,021,615 loss in the prior period.

• Cash and cash equivalents increased to $21,834,077 as of 31 December 2025, up from $10,186,957 at 30 June 2025.

• Net assets rose to $68,365,207 from $52,032,360 at 30 June 2025.

• Loss per share was (0.03) cents, compared to (0.38) cents in the previous period.

• Cash outflows from operating activities were $656,802, and from investing activities $5,089,781.

Outlook and guidance

• Ongoing exploration at key projects with a focus on resource expansion and commercialisation.

• First systematic air core drilling at Illaara planned for 2026.

• Continued partnership with Teck Resources for Money Intrusion, with up to $15m in JV funding.

• Recent acquisitions and consolidation of critical mineral tenements to enhance project pipeline.