Dreadnought uncovers new camp-scale prospect at Mangaroon

Dreadnought Resources (ASX:DRE) has identified a seventh camp-scale prospect at the Mangaroon gold project in the Gascoyne region of Western Australia.

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The High Range Northwest target was generated following the completion of project-wide stream sediment sampling at Mangaroon.

Managing director Dean Tuck said the prospects at Mangaroon had all been delineated by strong gold-in-stream-sediment anomalism with gold pathfinders situated within prospective lithostructural settings.

Target definition programs will soon be underway as Dreadnought continues to progress, making a major, large-scale gold discovery, he added.

“We are highly encouraged by the results of our first- pass, wide-spaced, soil surveys at High Range North, having identified approximately eight kilometres of gold-in-soil anomalism,” the Dreadnought MD said.

“Additionally, Steve’s Reward continues to expand, defining new targets over four kilometres of strike. We look forward to continuing our target definition work, and for drill testing in the second half of 2026.”

Infill stream sediment sampling has now been completed for the entire project. Significantly, many of these prospects contain stronger and/or larger gold and pathfinder anomalies than the Star of Mangaroon, the only camp-scale prospect currently with a history of gold production and targeted gold exploration.

Dreadnought will now focus on defining drill targets through systematic soil sampling and detailed mapping and lithostructural interpretations at High Range North, South and Northwest, Bordah and Minga Bar. Soil sampling is set to commence in March CY26, with results expected in June.

At High Range North, first-pass, wide-spaced target definition soil surveys have identified several gold-in-soil anomalies. These include a core ~8,000m by 1,000m strongly anomalous corridor with associated pathfinder anomalism.

This is the first gold-focused exploration undertaken within the High Range and the first-time gold-in-soil anomalies have been observed in this prospective belt.

Dreadnought’s infill soil surveys will commence in March/April CY26 to define targets for discovery drilling in the second half of CY26.

DRE is at 2.2cps heading into Tuesday.

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