Dreadnought Completes 6,386m RC Drilling at Mangaroon, Prepares Diamond Drilling

Drilling Completion Marks Key Milestone at Mangaroon

Dreadnought Resources Ltd has announced the completion of a comprehensive reverse circulation (RC) drilling program at its 100% owned Mangaroon Gold and Critical Metals projects in Western Australia's Gascoyne region. The program encompassed 73 holes totaling approximately 6,386 metres, targeting a suite of gold prospects including Star of Mangaroon, Pritchard’s Well, Lesgo, and several camp-scale targets such as Steve’s Reward and Cullen’s Find.

The drilling successfully intersected quartz-sulphide veining and alteration zones associated with gold-in-soil anomalies, particularly at Lesgo, Star of Mangaroon, and Pritchard’s Well. These results reinforce the potential for expanding the known high-grade gold resources in the area, with mineralisation remaining open at depth and along strike.

Rare Earths and Niobium Potential Confirmed at Stinger

Alongside gold exploration, Dreadnought completed three RC holes at the Stinger target, focusing on rare earth elements (REE) and niobium (Nb) mineralisation within a carbonatite complex. The drilling confirmed the presence of REE-enriched fresh carbonatite and revealed a shallower dip than previously interpreted, prompting plans for additional drilling to test the near-surface weathered zone for high-grade mineralisation.

Mineralogical studies underway with the Australian National University aim to better understand the mix of rare earth carbonates and phosphates, which could enhance the project's strategic value given the global demand for critical minerals. A diamond drilling program is slated to commence in November 2025 to obtain metallurgical samples and further delineate the mineralised zones.

Advancing Illaara Gold Project with Metzke’s Find Drilling

Following the Mangaroon drilling, the RC rig has mobilised to Metzke’s Find within the Illaara Gold Project, where infill and extension drilling will begin. Metzke’s Find hosts a resource of approximately 14,900 ounces at 6.8 grams per tonne gold, and this drilling aims to enhance resource confidence and potentially expand the deposit.

Dreadnought’s Managing Director, Dean Tuck, highlighted the steady flow of results expected in the current quarter, which will inform follow-up diamond drilling programs. The company’s strategy to become a self-funded explorer by outsourcing development and processing aligns with the robust gold price environment in Western Australia.

Strategic Outlook and Work Plan Through 2026

Dreadnought outlined a detailed work plan extending into 2026, including resource upgrades, mining studies, and ongoing exploration across its Mangaroon and Illaara projects. The Star of Mangaroon mine is targeted for an upgraded resource and mine plan, with production and processing activities anticipated to commence in the near term.

The company’s portfolio also includes the Yin Ironstone Complex and Gifford Creek Carbonatite, both significant sources of critical minerals such as rare earths, niobium, scandium, titanium, and phosphorus. Metallurgical test work has demonstrated excellent recoveries, bolstering the projects’ commercial prospects amid growing global demand for these strategic materials.

All tenements are fully owned by Dreadnought, with royalties disclosed, and the company continues to apply modern exploration techniques to unlock the potential of historically underexplored regions.