‘Guide our future’: Dreadnought makes discovery at historic Metzke’s Find

• Assays received for remaining holes of RC program at Metzke’s Find.
• Extensional program focused on extending the current resource.
• Drilling confirms an offset extension at Metzke’s North.
• Extension covers 150m of strike and remains open.

Dreadnought Resources (ASX:DRE) has made a new discovery at the historic Metzke’s Find, part of the Illaara gold project in Yilgarn. While more than 100 years old, Metzke’s Find continues to provide positive results with drilling confirming a northern discovery – which offers significant follow-up potential.

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“Our resource extension drilling continues to deliver significant gold intercepts outside the current resource,” Dreadnought’s MD, Dean Tuck, said.

“Importantly, this program has confirmed the Metzke’s North discovery, extending over 150m strike and remaining open to the north and at depth, both of which will be further tested in July 2026,” he explained today.

“While it is still early days, we now have a handle on Metzke’s North to guide our future activities and to define a resource.”

Dreadnought is updating and upgrading the resource at Metzke’s Find, with plans to undertake an initial study and finalise approval-related work.

“Advancing Metzke’s Find towards development is a key component of our expanded ‘finding more gold, faster’ strategy and feeds directly into becoming a self-funded explorer by adding near-term production ounces,” Mr Tuck said.

“Our high-grade Metzke’s Find resource is a great commercial opportunity that is already receiving inbound interest.”

Metzke’s Find was discovered by a prospecting party in 1911; however, the remote location, being 160km from the nearest railhead and lack of readily available fresh water, limited follow-up activity.

Worked over the following decades for a recorded production of 890 ounces at 40 grams per tonne, Metzke’s Find comprises 20 small, historic shafts over 700m of strike.

In 2023, Dreadnought declared a shallow, high-grade, indicated resource of 14,900 ounces at 6.8 g/t. Initial drilling discovered the Metzke’s North offset extension, which currently covers 150m of strike and remains open to the north and at depth.

DRE is steady at 1.7¢. Mkt cap $94.46M.

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