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Dreadnought Resources Limited
(Sydney:DRE)
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Rating:44Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:Reiterated
Date:10/23/26
The score is held down primarily by weak operating performance (no revenue, ongoing losses, and negative free cash flow) despite a conservatively levered balance sheet. Technical signals also lean bearish with the price below longer-term moving averages and a negative MACD, while valuation is constrained by losses and no dividend support.
Positive Factors
Conservative Balance Sheet
Very low leverage materially reduces solvency pressure and preserves financial flexibility for exploration activity. The sizable equity and asset base relative to operations provides a cushion against ongoing losses, although future spending still depends on disciplined capital allocation.
Negative Factors
No Revenue Generation
The absence of operating revenue means the company has not yet demonstrated a self-sustaining commercial model. Over the next several quarters, funding for exploration and corporate costs must therefore come from existing resources or new capital rather than internally generated sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage materially reduces solvency pressure and preserves financial flexibility for exploration activity. The sizable equity and asset base relative to operations provides a cushion against ongoing losses, although future spending still depends on disciplined capital allocation.
Read all positive factors
Dreadnought Resources Limited (DRE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$62.98M
Dividend YieldN/A
Average Volume (3M)3.46M
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue GrowthN/A
EPS Growth89.58%
CountryAU
Employees9
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)<0.01
Shares Outstanding5,725,200,000
10 Day Avg. Volume3,259,404
30 Day Avg. Volume3,460,603
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)1.02
Price to Sales (P/S)0.00
P/FCF Ratio-48.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Dreadnought Resources Limited Business Overview & Revenue Model
Company Description
Dreadnought Resources Ltd is an Australian company primarily focused on the exploration and development of mineral properties throughout Australia. Established in 2006 and headquartered in Osborne Park, the company seeks a wide range of valuable r...
Dreadnought Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
78
Positive
Cash Flow
25
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -174.80K | -162.70K | -160.00K | -133.00K | -62.11K |
| EBITDA | -3.14M | -2.00M | -6.14M | -5.37M | -1.64M |
| Net Income | -2.62M | -18.88M | -6.32M | -5.52M | -1.74M |
Balance Sheet | |||||
| Total Assets | 71.31M | 53.25M | 53.40M | 55.36M | 20.58M |
| Cash, Cash Equivalents and Short-Term Investments | 15.72M | 10.20M | 1.46M | 11.68M | 2.65M |
| Total Debt | 74.86K | 126.80K | 143.38K | 177.58K | 207.32K |
| Total Liabilities | 1.54M | 1.22M | 1.36M | 4.52M | 1.52M |
| Stockholders Equity | 69.77M | 52.03M | 52.04M | 50.84M | 19.05M |
Cash Flow | |||||
| Free Cash Flow | -1.48M | -9.78K | -19.40M | -20.42M | -7.85M |
| Operating Cash Flow | -1.46M | -1.53K | -2.09M | -1.74M | -1.07M |
| Investing Cash Flow | -10.39M | -6.63K | -7.57M | -27.11M | -6.81M |
| Financing Cash Flow | 17.36M | 16.90K | 5.44M | 32.01M | 7.74M |
Dreadnought Resources Limited Technical Analysis
Negative
0.01
Price Trends
0.01
Negative
0.01
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
47.57
Neutral
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DRE, the sentiment is Negative. The current price of 0.01 is above the 20-day moving average (MA) of <0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.57 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DRE.
Dreadnought Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
44 Neutral | AU$62.98M | -55.00 | -3.79% | ― | ― | 89.58% | |
44 Neutral | AU$68.75M | -27.22 | -2.99% | ― | -100.00% | 70.00% | |
44 Neutral | AU$48.04M | -9.69 | -5.52% | ― | ― | 98.14% | |
44 Neutral | AU$75.28M | -4.62 | -94.93% | ― | ― | -1766.67% | |
43 Neutral | AU$65.91M | -4.36 | -19.42% | ― | ― | -330.91% | |
43 Neutral | AU$62.93M | -13.52 | -8.65% | ― | ― | 1.22% |
* Basic Materials Sector Average
AU:DRE
Dreadnought Resources Limited
0.01
-0.02
-65.63%
AU:ARL
Ardea Resources
0.30
-0.33
-52.00%
AU:E25
Element 25 Limited
0.21
-0.13
-37.31%
AU:HAS
Hastings Technology Metals Limited
0.21
-0.40
-66.17%
AU:OCN
Oceana Lithium Ltd.
0.30
0.16
114.29%
AU:NNL
Nordic Nickel Limited
0.17
-0.04
-21.43%
Dreadnought Resources Limited Corporate Events
Dreadnought Resources Funds Exploration Drive From Cash Reserves
Oct 22, 2026
Dreadnought Resources reported a quarterly cash outflow driven primarily by exploration and evaluation spending and associated staff and corporate costs, resulting in net operating cash used of A$2.39 million. Additional investment in exploration ...
Dreadnought Advances Mangaroon Gold Project as Cash Position and Critical Metals Optionality Strengthen
Oct 22, 2026
Dreadnought Resources reported solid progress in the September 2026 quarter as it advances its Star of Mangaroon project toward first gold production and grows high-grade resources at Metzke’s Find. The company’s strategy aims to becom...
Dreadnought Wins A$180,000 EIS Grant to Drill High-Grade Nina Tungsten Target
Oct 20, 2026
Dreadnought Resources has secured a A$180,000 co-funded reverse circulation drilling grant under Western Australia’s Exploration Incentive Scheme for its Nina Tungsten target at the Mangaroon Project. The funding will support first-pass dril...
Dreadnought Uncovers Shallow High-Grade Gold at Illaara’s Metzke’s North
Oct 5, 2026
Dreadnought Resources has reported shallow, high-grade gold intercepts from a 22-hole reverse circulation drilling program at Metzke’s North, part of its Illaara Gold Project in Western Australia. The results, including an interval of 7 metr...
Dreadnought Resources Files Updated Corporate Governance Statement With ASX
Sep 17, 2026
Dreadnought Resources Ltd has lodged its updated corporate governance statement for the year ended 30 June 2026, confirming compliance with key ASX Corporate Governance Council recommendations. The statement, approved by the board as of 15 Septemb...
Dreadnought Resources Releases 2026 Annual Report Detailing Exploration-Focused Operations
Sep 17, 2026
Dreadnought Resources Limited has released its 2026 Annual Report, detailing its corporate governance, financial performance and operational status as a West Australian explorer in gold, critical and base metals. The report, supported by audited f...
Dreadnought Maps 10km Gold and Strong Tungsten Targets at Mangaroon’s Bordah Prospect
Sep 6, 2026
Dreadnought Resources has extended gold-in-soil anomalies at its Bordah prospect within the Mangaroon Gold Project to more than 10 km in strike and up to about 2 km in width, well beyond the previously drilled Steve’s Reward lodes. The compa...
Dreadnought to Brief Investors on Quarterly Results and Exploration Plans via Webinar
Sep 3, 2026
Dreadnought Resources Limited will host a live quarterly webinar for shareholders and InvestorHub members on 9 September 2026 to discuss its recent quarterly results and exploration progress. Managing Director Dean Tuck will outline key developmen...
Dreadnought launches major air core drilling push at Illaara gold project
Sep 1, 2026
Dreadnought Resources has commenced a ~750-hole, 50,000-metre air core drilling program at its 100%-owned Illaara Gold Project in Western Australia, aiming to accelerate a large-scale gold discovery under its “Finding More Gold, Faster”...
Dreadnought Advances Yin Rare Earths with Mining Lease Applications at Gifford Creek
Aug 30, 2026
Dreadnought Resources has lodged mining, general purpose and miscellaneous lease applications for the Yin rare earth deposits at its Gifford Creek Critical Metals Project in Western Australia. The applications are based on a defined resource of 29...
Dreadnought Unveils High-Grade Tungsten Potential at Mangaroon Projects
Aug 16, 2026
Dreadnought Resources has identified a significant high-grade tungsten opportunity across its 100%-owned Mangaroon and Mangaroon South projects in Western Australia’s Gascoyne region, confirming scheelite mineralisation with rock chip grades...
Dreadnought Defines 15km Gold Anomaly at Mangaroon’s Minga Bar Shear
Aug 11, 2026
Dreadnought Resources has outlined a ~15km gold-in-soil anomaly along the Minga Bar shear at its Mangaroon Gold Project, linking and extending known targets at Cullen’s Find, Midday Moon and Midnight Star. The anomaly coincides with strong p...
Dreadnought Outlines Extensive Gold Anomalism at Illaara as Drilling Narrows Priority Targets
Aug 9, 2026
Dreadnought Resources has reported final assays from a 493-hole, 35,000m first-pass air core drilling program at its 100%-owned Illaara Gold Project in Western Australia, identifying thirteen gold-mineralised corridors stretching roughly 1.5 to mo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.