Dreadnought Resources Ltd
DRDNF
Other OTC0.04
USD
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Dreadnought Resources Ltd
DRDNF
(Other OTC)
Recent
price
0.04
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ratio
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div
yld
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ROIC.AI
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- Business
- Dreadnought Resources Ltd engages in mineral exploration and development, primarily targeting gold, nickel, copper, rare earth elements and other critical minerals across projects in Western Australia. The company holds interests in the Mangaroon gold project with high-grade deposits including Star of Mangaroon and targets such as Steve's Reward, Popeye and Lesgo; the Kimberley project encompassing the Money Intrusion for nickel-copper; the Central Yilgarn projects prospective for gold, iron ore, lithium, nickel and base metals; the Bresnahan project; and the Gifford Creek carbonatites for critical metals. Operations focus on Western Australia, with key activities including resource delineation drilling and near-term production strategies at Mangaroon. Dreadnought Resources Ltd, founded in 2006, maintains headquarters in Perth, Australia. Recent developments include a strategic farm-in partnership with Teck Resources announced in 2025, under which Teck commits up to $15 million over 6.5 years for a 75% interest in select nickel-copper tenements at the Money Intrusion, featuring $450,000 in cash payments and $1 million minimum expenditure in the first 18 months; expansion of the Mangaroon project footprint by approximately 30 square kilometres through acquisition of three tenements and grant of a sixth mining lease in early 2025; completion of a 77-hole drilling program at Mangaroon yielding promising gold and critical metals results; a 36% increase in the high-grade measured and indicated resource at Star of Mangaroon reported in September 2025; resumption of drilling at Mangaroon in September 2025 with standout intercepts such as 15 metres at 20.5 grams per tonne gold from surface and 7 metres at 46.7 grams per tonne gold; and a turn-key funding arrangement for development, haulage and processing announced in December 2025.
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