Dreadnought Resources (DRE) Q4 2025 TU earnings summary

Executive summary

• Strengthened balance sheet with $10.2M cash at quarter-end, following $8.5M capital raise and $1.7M share purchase plan.

• Secured $15M farm-in/JV with Teck Resources for Money Intrusion, Mangaroon.

• Advanced gold and critical metals projects, including drilling at Star of Mangaroon and Steve's Reward.

• Awarded $120,000 Exploration Incentive Scheme grant for Inevitable Cu-Au target drilling.

• Acquired new tenements at Mangaroon, expanding gold and base metals footprint.

Financial highlights

• $8.5M raised via placement (Tranche 1: $6.1M, Tranche 2: $2.4M); $1.7M from share purchase plan; $0.2M director participation.

• Closing cash on hand at 30 June 2025: $10.2M.

• $1.78M spent on exploration and study activities during the quarter.

Outlook and guidance

• Well positioned to develop Star of Mangaroon open pit, with mining, haul, and process agreements planned for Sep 2025 quarter.

• Drilling at Illaara scheduled for December 2025 quarter.

• Approvals and commencement of production at Star of Mangaroon targeted for December 2025 quarter.