Dreadnought Resources has identified seven large-scale gold prospects at its Mangaroon Gold Project in Western Australia, setting the stage for drilling campaigns in the second half of 2026. Early soil sampling reveals extensive gold anomalies, signalling promising exploration upside.
- Seven camp-scale gold prospects delineated at Mangaroon following comprehensive stream sediment sampling
- High Range North shows ~8km strike of gold-in-soil anomalism; Steve’s Reward anomaly extends over 4km and remains open
- Target definition programs including soil sampling and mapping underway, with drilling planned for H2 2026
- Star of Mangaroon resource expanded and remains a key high-grade gold asset with exceptional metallurgical recoveries
- Dreadnought pursues a self-funded exploration strategy leveraging third-party processing and haulage
Exploration Breakthrough at Mangaroon
Dreadnought Resources Ltd has announced a significant advancement in its exploration program at the Mangaroon Gold Project, located in Western Australia's Gascoyne region. Following an extensive project-wide stream sediment sampling campaign, the company has delineated seven camp-scale gold prospects, including a newly identified High Range Northwest prospect. These large-scale targets are defined by robust gold-in-stream sediment anomalies coupled with key pathfinder elements, situated within geologically prospective lithostructural settings.
Managing Director Dean Tuck expressed optimism about the results, highlighting the scale and quality of the prospects. "We are highly encouraged by the first-pass soil surveys at High Range North, which have revealed approximately 8 kilometres of gold-in-soil anomalism," he noted. The Steve’s Reward prospect, part of the Bordah camp scale area, has also seen its gold-in-soil anomaly extend to around 4 kilometres in strike length, with both prospects remaining open for further expansion.
From Target Definition to Drilling
With the camp-scale prospects now identified, Dreadnought is progressing to detailed target definition work. This involves systematic soil sampling and geological mapping scheduled to commence in March and April 2026, with over 5,000 soil samples planned across key prospects including High Range North, High Range Northwest, Steve’s Reward, Minga Bar, and High Range South. Results from these programs are expected by mid-year, paving the way for targeted drilling campaigns in the second half of 2026.
The company’s approach is methodical, focusing on refining drill targets through geochemical anomalies and structural interpretations. Notably, the High Range North prospect lies within the 1.67 billion-year-old Edmund Group rocks near significant shear zones, a setting favourable for orogenic gold mineralisation. Similarly, Steve’s Reward is situated within the Bordah prospect area, characterised by complex geology and historical gold workings, now re-examined with modern exploration techniques.
Building on a Strong Resource Base
Dreadnought’s Mangaroon Gold Project already hosts a substantial resource at the Star of Mangaroon mine, with a total indicated and inferred resource of approximately 75,600 ounces of gold at an average grade of 11.1 grams per tonne. The project benefits from exceptional metallurgical recoveries, averaging 96.7% combined gravity and carbon-in-leach extraction, underscoring the economic potential of the deposit.
The company’s strategy leverages a self-funded exploration model, outsourcing mining, haulage, and processing to third parties, thereby reducing capital intensity and reliance on external funding. This model allows Dreadnought to focus on discovery and resource growth, aiming to unlock the full potential of the Mangaroon Gold Project’s extensive landholding of around 5,000 square kilometres.
Looking Ahead
Beyond Mangaroon, Dreadnought is advancing other projects including the Gifford Creek Carbonatite critical minerals complex and the Illaara Gold Project, demonstrating a diversified portfolio across gold, critical minerals, and base metals. The upcoming months will be pivotal as soil sampling results and initial drilling outcomes at Mangaroon begin to materialise, potentially reshaping the company’s growth trajectory.
Bottom Line?
As Dreadnought moves from prospect generation to drilling, the coming months will be critical in validating Mangaroon’s potential for a major gold discovery.
Questions in the middle?
- Will the upcoming drilling at High Range North and Steve’s Reward confirm significant gold mineralisation?
- How will Dreadnought balance exploration expenditure with its self-funded strategy amid expanding targets?
- What impact will new discoveries at Mangaroon have on the company’s valuation and development timeline?