Dreadnought Resources Limited · ASX:DRE
Dreadnought Resources — Corporate Update (July 2021)
22 slides from Dreadnought Resources's corporate update, Jul 30, 2021
Slide 1: June Quarterly Presentation - July 2021
HIGHLY ACTIVE WEST AUSTRALIAN MINERAL EXPLORER FOCUSED ON DISCOVERY JUNE QUARTERLY PRESENTATION - JULY 2021
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements. When used in this document, the words such as “could”, “plan”, “estimate”, Illaara Gold-VMS-Iron Ore Project “expect”, “intend”, “may”, “potential”, “should”, and similar expressions are forward-looking statements. Although Dreadnough
Slide 3: Company Snapshot
Company Snapshot Kimberley Ni-Cu-Au Projects (100%, E04/2315 80%) Capital Structure ➢ 2,660km2 land holding in the West Kimberley, 2nd largest land owner behind IGO and ahead of Chalice ASX Code DRE ➢ Unexplored since 1978 with known outcropping mineralisation Share Price (26/07/2021) $0.044 • Texas
Slide 4: June Quarter 2021 Performance
June Quarter 2021 Performance *1 $600k Convertible Note *2 *2 *2 ~$25k / month going forward *1 *1 *Values rounded ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 4
Slide 5: Strategy and Performance
Strategy and Performance DELIVER SIGNIFICANT EFFECTIVE AND EFFICIENT STRONG COMMUNITY AND SHAREHOLDER RETURNS EXPLORATION STAKEHOLDER ENGAGEMENT • Increase value through advancing • >80% of funds go into the ground We strive to develop win-win relationships with exploration targets through discovery
Slide 6: 2021 Work Plan
2021 Work Plan Target Generation Target Definition Target Testing Target Evaluation Resource Orion Fuso Texas Ni-Cu- Rough Wilson’s PGE Tarraji- Triangle Wombarella Find Rufina Paul’s Chianti Yampi North Find Grant’s Lambrusco Barolo Kimberley South Tarraji- Kimberley Yampi Monarch Find Cu-Zn-Pb Ama
Slide 7: Tarraji-Yampi Ni-Cu-PGE & Gold Project
Tarraji-Yampi Ni-Cu-PGE & Gold Project ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 7
Slide 8: Rare Exploration Opportunity
Rare Exploration Opportunity • Outcropping mineralisation • Off limits since 1978 • First movers within the YSTA • Multiple targets ready for drilling – May/June 2021 1956-1959: Last 1978-2013: YSTA significant mineral Defense Reserve exploration at Tarraji “off limits” to undertaken by WMC mineral
Slide 9: Tarraji-Yampi
Tarraji-Yampi ➢ Located just 80kms from the port of Derby and entirely within the Yampi Sound Training Area – unexplored since 1978 ➢ Multiple drill ready targets - drilling to commenced ➢ Ni-Cu-PGE Targets: Texas and Orion • Multiple coincident magnetic and EM anomalies • Similar style of mineralis
Slide 10: Texas and Orion Ni-Cu-PGE Target
Texas and Orion Ni-Cu-PGE Target Coincident EM conductors and intense magnetic anomalies sitting within outcropping Ruins Dolerite Opportunity: High grade Ni-Cu-PGE massive sulphide – RC and diamond drilling commenced ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 10
Slide 11: Fuso and Paul's Find Cu-Au Targets
Fuso and Paul’s Find Cu-Au Targets Coincident strong magnetic and gravity anomalies sitting under cover adjacent to significant regional structures Paul’s Find Fuso Examples of coincident magnetic (top) and gravity (middle) and the resultant inversion modelled bodies (bottom) from Brumby and Ernest
Slide 12: Chianti-Rufina: 7 VMS Targets
Chianti-Rufina: 7 VMS Targets Drill targets defined by FLEM anomalies with associated gossans and / or magnetic and surface geochemical anomalies CHDD001: 61.5-63.5m CHDD002: 117.8-119.8m Opportunity: Multiple high grade massive sulphide deposits, RC drilling commenced ASX:DRE WWW.DREADNOUGHTRESOURC
Slide 13: Rough Triangle: Cu-Ag-Bi-Sb
Rough Triangle: Cu-Ag-Bi-Sb ➢ 1.2km long outcropping vein of high-grade Cu-Ag-Bi-Sb-Au mineralisation ➢ Significant rock chips include: • RT07: 20.4% Cu, 4.6% Sb, 0.9% Bi, 101g/t Ag • RT08: 8.1% Cu, 2.2% Sb, 0.3% Bi, 44.5g/t Ag • RT09: 18.9% Cu, 14.1% Sb, 1.6% Bi, 196g/t Ag • RT12: 18.5% Cu, 10.8% S
Slide 14: Mangaroon Ni-Cu-PGE, REE & Au Project
Mangaroon Ni-Cu-PGE, REE & Au Project ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 14
Slide 15: Proterozoic Mobile Belts
Proterozoic Mobile Belts ➢ Proterozoic mobile belts are attractive with the potential to host world class deposits across a range of commodities ➢ Mangaroon compliments the Kimberley • Both have potential Tier 1 discoveries • Both have been historically underexplored despite outcropping mineralisati
Slide 16: Mangaroon Project
Mangaroon Project ➢Ni-Cu-PGE: The Money Intrusion • 50km long, outcropping mafic/ultramafic intrusion with high tenor blebby Cu-Ni-PGE bearing sulphides • Detailed airborne magnetics and first pass soil survey underway • Aim to have drill targets defined September 2021 • Fully funded by First Quantu
Slide 17: Mangaroon Ni-Cu-PGE Option/JV Agreement with FQM
Mangaroon Ni-Cu-PGE Option/JV Agreement with FQM ➢ Ni-Cu-PGE: The Money Intrusion • 50km long, outcropping mafic/ultramafic intrusion with high tenor blebby Cu-Ni-PGE bearing sulphides • 1km long outcropping Ni-Cu-PGE gossan recently identified • Ground EM survey planned to define drill targets by S
Slide 18: Mangaroon Rare Earths 100% DRE
Mangaroon Rare Earths 100% DRE ➢ Rare Earths: Yin-Yangibana Ironstones • 2.5kms of outcropping high grade rare earths identified • Similar grades and NdPr ratio as Hastings Technology’s Yangibana project next door • 11 additional anomalies to be followed up • Detailed airborne magnetic and radiometr
Slide 19: Illaara Au-Cu-LCT-Iron Ore Project
Illaara Au-Cu-LCT-Iron Ore Project ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 19
Slide 20: Yilgarn Projects
Yilgarn Projects Illaara Au-Cu-LCT-Iron Ore Project ➢ Initially acquired from Newmont and through subsequent deals have consolidated ~75km strike of underexplored greenstone belt ➢ First significant gold and base metal exploration since the 1980s and 1990s. Previously held by iron ore explorers. ➢ A
Slide 21: Illaara Project Overview
Illaara Project Overview Gold • Near surface high grade gold confirmed at Metzke’s and Lawrence’s Find – potential to host multiple high grade gold deposits. • MZRC016: 3m @ 21.0g/t Au from 85m • MZRC019: 2m @ 39.2g/t Au from 45m • MZRC017:. 7m @ 7.5g/t Au from 51m • MZRC022: 2m @ 20.7g/t Au from 19
Slide 22: Take Away Message
Take Away Message ➢ Strong news flow: >20 drill ready targets to be tested in 2021, and growing ➢ Kimberley and Mangaroon: first mover with potential for major Cu, Au, Ni and REE deposits ➢ Illaara: Consolidated 75km long underexplored greenstone belt with early exploration success ➢ Experienced man