Dreadnought Resources Upgrades Metzke's Find by 67% to 25,000oz

Dreadnought has already started talks on the best path to commercialise the deposit, part of the Illaara gold project in the Yilgarn region. Tuck said commercial interest from third parties reinforces confidence that Metzke's Find can fund exploration across the company's broader pipeline.

"Becoming a self-funded explorer, generating cashflow that funds life-changing discoveries across our broader project pipeline, is a real and near-term opportunity," he said.

Metzke's North, a separate zone with about 150 metres of strike, remains open along strike and at depth. Further drilling is planned for July 2026. Tuck described genuine potential to extend the deposit.

The project has an unusual history. Discovered by a prospecting party in 1911, the site sits 160 kilometres from the nearest railhead with no readily available fresh water. Only about 890 ounces at 40 g/t were ever produced. Junior explorers drilled 51 shallow percussion holes in the late 1980s and early 1990s, averaging 25 metres depth, with half the holes partially or unassayed. Dreadnought acquired the project in 2020 and has since drilled 81 reverse-circulation holes and six diamond holes totalling 8,224 metres.

The 25,000-ounce resource at 5.2 g/t compares favourably with other high-grade open-pit opportunities in WA, Tuck noted. Density of Indicated ounces near surface and the metallurgy cut risk for a mining study. For context on Dreadnought's exploration strategy across its Yilgarn ground, see Dreadnought Resources Hits High-Grade Mineralization at Stinger.