The Dragon pickaxe is the fastest and most powerful pickaxe in the game with a mining speed of about 1 game tick, faster than a Rune pickaxe or Inferno adze. It requires 60 Attack to wield and level 61 Mining to use. Still many players prefer the Rune Pickaxe or Inferno adze because of their much lower prices.

Dragon pickaxes were released with the quest Forgiveness of a Chaos Dwarf on 9 September 2009. They are rare drops from Chaos dwogres, Chaos dwarf hand cannoneers, and chaos dwarves on the Chaos Dwarf Battlefield after completion of the quest. The quest does not need to be completed in order to use this item. The ring of wealth does affect the chance to get the pickaxe as drop. When the dragon pickaxe is dropped your ring of wealth (if worn) "shines more brightly!"

Like all other Dragon weapons the Dragon pickaxe has a Special Attack, "Shock", which drains 5% of an opponent's Attack, Ranged and Magic levels upon a successful hit. This attack takes longer to perform than a normal attack and uses 100% of the Special Attack bar.