Dreadnought Resources (DRE) Q3 2026 TU earnings summary

Executive summary

• Advanced the 'Finding More Gold, Faster' strategy with key approvals and expanded drilling at Star of Mangaroon and Illaara.

• Consolidated rare earths position with acquisition of 20km of outcropping mineralisation, enhancing scale and potential.

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

• Closed the quarter with $19.6M in cash, supporting ongoing exploration and development.

Financial highlights

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

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

• Exploration and study expenditure for the quarter: $1.77M.

• Directors' remuneration for the quarter: $109K.

Outlook and guidance

• Mining at Star of Mangaroon to commence following receipt of remaining approvals, with ore to be processed at Paulsens facility.

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

• Definition work at new camp-scale prospects to generate additional drill targets in H2 2026.

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