Air Core Drilling Commenced at Black Oak, Illaara Gold

Key points

• Air core drilling program targeting a large-scale gold discovery
• Focus on Black Oak with potential for >7 km mineralised corridor
• Assay results expected in October 2026

Full summary

Dreadnought Resources Ltd has initiated a comprehensive air core drilling program at its Illaara Gold Project in Western Australia, aiming to discover significant gold deposits. The program, which involves approximately 750 holes covering 50,000 meters, is part of the company's strategy to find more gold faster. The drilling focuses on the Black Oak prospect, where previous exploration has identified a >7 km mineralised corridor with strong orogenic gold pathfinder geochemistry. Assay results from the initial phase of drilling are anticipated in October 2026. The Illaara Greenstone Belt, covering approximately 800 square kilometers, is one of the most underexplored areas in the Yilgarn Craton, presenting a significant opportunity for new discoveries.

Guidance

First assay results from Black Oak expected in October 2026

Outlook

Dreadnought Resources anticipates that the air core drilling program will identify new gold targets, potentially leading to significant discoveries. The company remains committed to its strategy of finding more gold faster through systematic exploration.