DRE.ASX: RC and Diamond Drilling Commenced at Metzkes Find

RC and Diamond Drilling Commenced at Metzkes Find

Stock	Dreadnought Resources Ltd (DRE.ASX)
Release Time	13 Jul 2026, 8:26 a.m.
Price Sensitive	Yes

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Dreadnought Commences RC and Diamond Drilling at Metzke's Find

Key Points

RC and diamond drilling program started at Metzke's Find
Aims to add near-term production ounces
Twinning RC holes for metallurgical test work
Resource update expected after program completion

Full Summary

Dreadnought Resources Ltd has initiated an RC and diamond drilling program at Metzke's Find, part of the Illaara Gold Project. The program, consisting of 23 RC holes and 15 diamond holes, aims to add ounces along strike and at depth, twin RC holes for metallurgical test work, and upgrade the high-grade resource. The current resource stands at 24,900 oz @ 5.2 g/t Au (84% Indicated). Upon completion, the resource will be updated and used for open-cut and underground mining studies. The drilling program is expected to take 3-4 weeks, with assays anticipated in September and October 2026.

Guidance

Resource update expected after drilling program completion

Outlook

Dreadnought aims to add ounces and upgrade the high-grade resource at Metzke's Find, advancing the project towards studies, approvals, and production.