Dreadnought Resources Limited · ASX:DRE

Dreadnought Resources — Investor Presentation (May 2023)

18 slides from Dreadnought Resources's investor presentation, May 3, 2023

  1. Slide 1: Finding the Metals for Our Future

    FINDING THE METALS FOR OUR FUTURE WEBINAR PRESENTATION MAY 2023

  2. Slide 2: Disclaimer

    This presentation has been prepared by Dreadnought Resources Limited (Dreadnought or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presenta

  3. Slide 3: Company Snapshot

    Company Snapshot Capital Structure ASX Code DRE Share Price (2/05/2023) $0.059 Shares on Issue 3,313M Market Cap (diluted) $194.3M Cash (31/03/2023) ~$17M Unlisted Options (various strike prices) 73.1M Liquidity (90-day average) ~0.9M / day Board Cash Investment ~$4,750,000 Board Shareholding ~13% B

  4. Slide 4: Mangaroon Project

    Mangaroon Project Work programs underway: REE: Ironstones & Carbonatites (100%) • 2 x RC and 1 x Diamond rig turning on site • Resource, first pass and reconnaissance drilling on the Ironstones and Carbonatites underway • Metallurgical test work underway • Resource upgrades pending assay results • Y

  5. Slide 5: Drilling Programs Underway

    Mangaroon REE Drilling Programs Underway Yin North RC Drilling “Where along the Yin trend is the best place to deliver 30- C3 Follow Up RC and DD Drilling 50Mt of resource?” “Is there high-grade mineralisation at C3 or is it a large Yin South RC and DD Drilling low-grade system” - Resource and Metal

  6. Slide 6: Yin REE Complex

    Yin REE Complex Planned Resource Drilling  Large Scale Potential Yin North RC Drilling • 43kms of REE Ironstones “Where along the Yin trend is the • Yin Resource is only ~7% of known best place to deliver 30-50Mt of strike resource?” • High NdPr:TREO ratios • High metallurgical recoveries Planned R

  7. Slide 7: C1-C5 Carbonatites

    C1-C5 Carbonatites C3 Follow Up RC and DD Drilling “Is there high-grade  Large Scale Potential mineralisation at C3 or is it a large • Multiple carbonatite intrusions identified low-grade system? What is the • Bulk tonnage with near surface supergene enrichment Metallurgy?”  Multiple Critical Meta

  8. Slide 8: Mangaroon REEs

    Mangaroon REEs  Stage 0 • Prove up resources and metallurgy • First Pass and resource drilling, metallurgical test work • Complete study work and approvals  Stage 1 • Produce a sellable concentrate • Partner with midstream operators • Low relative CAPEX, de-risk mining and concentrate operation 

  9. Slide 9: 2023: Delivering Resources and Discoveries

    2023: Delivering Resources and Discoveries Yin Sabre Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ironstones Framework Drilling Yin Upgrade Ironstone Extensions Ironstones Resource Drilling Carbonatite Exploration Drilling Carbonatite Framework Drilling Carbonatite Resource Drilling ASX:DRE WWW.D

  10. Slide 10: Tarraji-Yampi Cu-Ag-Au-Co, Ni-Cu-PGE

    Tarraji-Yampi Cu-Ag-Au-Co, Ni-Cu-PGE ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 10

  11. Slide 11: Tarraji-Yampi

    Tarraji-Yampi WMC’s David Barr (L) & Roy Woodall (R) at Tarraji 1950s Background • ~80kms from the port of Derby and entirely within the Yampi Sound Defence Training Area – off limits to exploration since 1978 Orion Discovery 2021 • Last exploration undertaken in the 1950s and 1970s • Significant po

  12. Slide 12: Auger Program

    Auger Program  Modern geochemistry + geophysics  Filling the target pipeline  Nine Orion look-a-likes  Some with gossans and EM conductors  New Gossans discovered at Thunderer  KMRK0289: 37% Cu, 163g/t Ag, 1.0g/t Au, 0.03% Co  KMRK0290: 39.4% Cu, 165g/t Ag, 1.6g/t Au, 0.02% Co ASX:DRE WWW.DRE

  13. Slide 13: Central Yilgarn Gold-Base Metal-LCT-Iron Ore

    Central Yilgarn Gold-Base Metal- LCT-Iron Ore ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 13

  14. Slide 14: Central Yilgarn Overview

    Central Yilgarn Overview Background • ~1,600sqkms of tenure covering 4 greenstone belts with over 200 strike kms of banded iron formation • Vastly underexplored region within the Yilgarn Craton • Significant potential for gold, iron ore, komatiite hosted nickel sulphide, base metal massive sulphide

  15. Slide 15: Bresnahan Project

    Bresnahan Project ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 15

  16. Slide 16: Bresnahan HREE Project

    Bresnahan HREE Project Background Strategy Next Steps • ~3,700sqkms of 100% owned tenure • Establish a significant early stage HREE play to • 2022: Confirm concept • Pegged in August 2022, consolidated through two deals announced compliment our rapidly advancing portfolio of • 2023: Generate targets

  17. Slide 17: Dreadnought Project Portfolio

    Dreadnought Project Portfolio Mangaroon Au (100%)  ~5,300km2 in the Gascoyne  2023: Generate and define Au targets  2023/2024: Deliver high grade Au discoveries Mangaroon Ni-Cu-Co-PGE (FQM earning up to 70%)  ~1,100km2 in the Gascoyne  FQM to spend $15M for 51% and 70% upon decision to mine  2

  18. Slide 18: Take Away Message

    Take Away Message  Strong news flow throughout 2023  Average >1 ASX announcement / week  Track record of delivering discoveries  Yin REE ironstone  C1-C5 REE carbonatites  Sabre/Y8 REE ironstones  Orion Cu-Ag-Au-Co massive sulphide  Metzke’s and Longmore’s gold  Four substantial projects, a

Dreadnought Resources — Investor Presentation (May 2023) on 6ix