Dreadnought Resources (ASX:DRE) - Stock Price, News & Analysis

DRE Stock Overview

Dreadnought Resources Limited explores for and develops mineral properties in Australia.

DRE fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Risk Analysis

Earnings have declined by 47.2% per year over past 5 years

Makes less than USD$1m in revenue (A$0)

Has less than 1 year of cash runway

Does not have a meaningful market cap (A$56M)

+ 2 more risks

Dreadnought Resources Limited Competitors

Alara Resources

ASX:AUQ

AU$48.8m

Venture Minerals

ASX:VMS

AU$47.6m

True North Copper

ASX:TNC

AU$54.2m

Peak Rare Earths

ASX:PEK

AU$67.8m

Price History & Performance

Summary of all time highs, changes and price drops for Dreadnought Resources
Historical stock prices
Current Share Price	AU$0.016
52 Week High	AU$0.069
52 Week Low	AU$0.016
Beta	0.57
1 Month Change	-11.11%
3 Month Change	-27.27%
1 Year Change	-74.19%
3 Year Change	-23.81%
5 Year Change	300.00%
Change since IPO	-99.30%

Recent updates

Shareholder Returns

	DRE	AU Metals and Mining	AU Market
7D	-11.1%	0.1%	0.9%
1Y	-74.2%	-1.3%	5.7%

Return vs Industry: DRE underperformed the Australian Metals and Mining industry which returned -1.3% over the past year.

Return vs Market: DRE underperformed the Australian Market which returned 5.7% over the past year.

Price Volatility

Is DRE's price volatile compared to industry and market?
DRE volatility
DRE Average Weekly Movement	13.2%
Metals and Mining Industry Average Movement	12.4%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: DRE's share price has been volatile over the past 3 months.

Volatility Over Time: DRE's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
2006	n/a	Dean Tuck	www.dreadnoughtresources.com.au

Dreadnought Resources Limited explores for and develops mineral properties in Australia. The company explores for copper, nickel, gold, silver, cobalt, platinum group elements, rare earth elements, iron ore, and base metals. Its flagship project is the Tarraji-Yampi project covering an area of approximately 1,400 km2 located in West Kimberly.

Dreadnought Resources Limited Fundamentals Summary

How do Dreadnought Resources's earnings and revenue compare to its market cap?
DRE fundamental statistics
Market cap	AU$56.21m
Earnings (TTM)	-AU$6.40m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-8.8x

P/E Ratio

Is DRE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DRE income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$6.40m
Earnings	-AU$6.40m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0018
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did DRE perform over the long term?

See historical performance and comparison

DRE Stock Overview

Rewards

Risk Analysis

Dreadnought Resources Limited Competitors

ASX:AUQ

AU$48.8m

ASX:VMS

AU$47.6m

ASX:TNC

AU$54.2m

ASX:PEK

AU$67.8m

Price History & Performance

Recent News & Updates

MD & Director exercised options and sold AU$220k worth of stock

Price target decreased by 65% to AU$0.07

New minor risk - Share price stability

New major risk - Financial position

New major risk - Revenue and earnings growth

Dreadnought Resources Limited Receives Co-Funded Drilling Grant Under the Geological Survey of Western Australia's 100% Owned Mangaroon Ree-Nb-P-Ti-Sc Project Located in the Gascoyne Region of Western Australia

Recent updates

MD & Director exercised options and sold AU$220k worth of stock

Price target decreased by 65% to AU$0.07

New minor risk - Share price stability

New major risk - Financial position

New major risk - Revenue and earnings growth

Dreadnought Resources Limited Receives Co-Funded Drilling Grant Under the Geological Survey of Western Australia's 100% Owned Mangaroon Ree-Nb-P-Ti-Sc Project Located in the Gascoyne Region of Western Australia

New minor risk - Market cap size

Dreadnought Resources Limited, Annual General Meeting, Nov 23, 2023

Price target decreased by 10% to AU$0.17

New minor risk - Market cap size

Price target decreased by 9.3% to AU$0.20

Dreadnought Resources Limited (ASX:DRE) signed a binding agreement to acquire Lead Gold Mine for AUD 0.25 million.

Dreadnought Resources Limited Appoints Debbie Fullarton as Chief Financial Officer, Effective 12 June 2023

Independent Non-Executive Director recently bought AU$482k worth of stock

Independent Non-Executive Director recently bought AU$242k worth of stock

Dreadnought Resources Limited Announces an Exploration Target for Yin Ironstone Complex At Mangaroon Project

Dreadnought Resources Limited Announces Assays from Reconnaissance Surface Sampling Have Confirms Unconformity HREE Mineralisation, Similar to the Browns Range Project, At the 100% Owned Bresnahan Project

Dreadnought Resources Limited Announces Mineralised Ree Ironstones Increased by 13Kms to 43Kms

Dreadnought Resources Limited Announces Discovery of Large-Scale REE-P2O5-Nb2O5-TiO2-Sc Mineralization at C3

Dreadnought Resources Limited Announces Y8 Rare Earth Ironstone Discovery Confirmed by Assays at Sabre and Y8

Dreadnought Resources Limited Announces Initial High-Grade, Independent Resource over 3Km At Yin Mangaroon (100%)

Dreadnought Resources Limited Announces Thick Mineralization Continues At C3

Dreadnought Resources Limited Announces Confirms REE-Nb-Ti-P Mineralised Carbonatite Intrusions At the C1-C5 Carbonatites

Dreadnought Resources Limited Announces High-Grade Assays At Yin REE Discovery

Dreadnought Resources Limited Announces Resignation of Ian Gordon as Non-Executive Director, Effective from 30 November 2022

Dreadnought Resources Limited Announces Assays and the Recommencement of FLEM Surveys At the Money Intrusion

Dreadnought Resources Limited Announces Successful Drill Results Across Multiple Metals

High number of new directors

Dreadnought Resources Limited (ASX:DRE) agreed to acquire Three tenements in Mangaroon for AUD0.51 million.

Dreadnought Resources Limited Announces Broad, High-Grade Assays At Yin Ree Discovery - Mangaroon

Dreadnought Resources Limited Announces Mineralised Carbonatites Discovered At C3 and C4 - Mangaroon

Dreadnought Resources Limited Announces Broad, High-Grade Assays At Yin Ree Discovery - Mangaroon Project in the Gascoyne Region of Western Australia

Dreadnought Resources Limited, Annual General Meeting, Nov 23, 2022

Dreadnought Resources Limited Announces Board Changes

Dreadnought Resources Limited (ASX:DRE) entered into an agreement to acquire Five Tenements in Mangaroon for AUD 2.9 million.

Dreadnought Resources Limited (ASX:DRE) agreed to acquire Five tenements located between rare earths project and the Mangaroon Project for AUD 2.8 million.

Dreadnought Resources Limited Further Assays Confirm Yin as Significant REE Discovery

Dreadnought Resources Limited Further Assays Confirm Yin as Significant REE Discovery

Dreadnought Resources Limited Announces that Infill RC Drilling has Continued to Intersect Thick, Mineralised, REE Ironstones at Yin, Within its 100% Owned Mangaroon Project in the Gascoyne Region of Western Australia

Dreadnought Resources Limited Announces That Results for All 1,695 Samples Have Been Received from Auger Work At Tarraji-Yampi, in the Kimberley Region of Western Australia

Dreadnought Resources Limited Announces Diamond Drilling Commenced At Yin Rare Earth Discovery - Mangaroon

Dreadnought Resources Limited (ASX:DRE) completed the acquisition of seven tenements in Evanston and Yerilgee Greenstone belts adjacent to Illaara from Arrow Minerals Limited (ASX:AMD).

Dreadnought Resources Limited Confirms the Preliminary Pxrf Results from the First Drill Line At the Yin Rare Earth Ironstone

Dreadnought Resources Limited Provides an Update on Mangaroon Project in the Gascoyne Region of Western Australia

Dreadnought Resources Limited Announces Exercise of Option Consolidates Ownership of the Illaara Project

Dreadnought Resources Limited Provides Update on Tarraji-Yampi Project

Dreadnought Resources Limited Announces Further Consolidation Around Cullen's Find Gold Trend

Dreadnought Resources Limited Announces First Drilling at Yin Intersects Shallow, Thick, High-Grade Rare Earths

Dreadnought Resources Limited Announces Successful Drilling Completed At Mangaroon Ni-Cu-PGE JV

Insufficient new directors

Dreadnought Resources Limited Announces Intersection of Magmatic Ni-Cu Sulphides at the Money Intrusion Prospect in Gascoyne Region of Western Australia

Dreadnought Resources Limited Announces Drilling Commenced at Mangaroon Project

Dreadnought Resources Limited Provides an Update on RC Drilling Activities at the Illaara Project in the Yilgarn Region of Western Australia

Insufficient new directors

Dreadnought Resources Limited Announces Commencement of Regional Auger Program - Tarraji-Yampi

Dreadnought Resources Provides an Update on RC Drilling Activities

Dreadnought Resources Limited Announces Drilling Commenced At Illaara Project

Dreadnought Resources Limited Announces Geophysical Results from the Recently Completed FLEM Survey At the Illaara Project

Dreadnought Resources Limited Announces Rock Chip Assay Results from Mangaroon in the Gascoyne Region of Western Australia