Dreadnought Resources Limited · ASX:DRE
Dreadnought Resources — Corporate Update (January 2022)
29 slides from Dreadnought Resources's corporate update, Jan 31, 2022
Slide 1: Highly Active West Australian Mineral Explorer Focused on Discovery
HIGHLY ACTIVE WEST AUSTRALIAN MINERAL EXPLORER FOCUSED ON DISCOVERY DECEMBER QUARTERLY PRESENTATION - JANUARY 2022
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements. When used in this document, the words such as “could”, “plan”, “estimate”, Refer to Dreadnought announcements for JORC Table 1 and Table 2 for results and information contained in this presentation. “expect”, “intend”, “may”, “potenti
Slide 3: Company Snapshot
Company Snapshot Capital Structure Kimberley Ni-Cu-Au Projects (100%, E04/2315 80%) ASX Code DRE ➢ ~1,400km2 land holding in the West Kimberley Share Price (27/10/2021) $0.037 ➢ Unexplored since 1978 with known outcropping mineralisation Shares on Issue 2,837.2M • Orion – High-grade Cu-Co-Ag-Au-Zn M
Slide 4: December Quarter 2021 Performance
December Quarter 2021 Performance *1 $600k Convertible Note *2 *2 *2 ~$25k / month going forward *1 *1 *Values rounded *Confirmed Cu-Ag-Au-Co Discovery at Orion 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: 2022 Work Plan
2022 Work Plan Target Generation Target Definition Target Testing Target Evaluation Resource Nickel Paul’s Wilson’s Wombarella Find Ironclad Fuso Orion Find Mt Humbert Tarraji-Yampi Grant’s Kimberley Monarch Rough Chianti Find Copper Triangle Money Carbonatites High C1-5 Iron Ore Intrusion Range Y3
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 1956-1959: Last 1978-2013: YSTA significant mineral Defense Reserve exploration at Tarraji “off limits” to undertaken by WMC mineral exploration ➢ Half of all mineral deposits in Australi
Slide 9: Tarraji-Yampi
Tarraji-Yampi ➢ Located just 80kms from the port of Derby and entirely within the Yampi Sound Training Area ➢ Historical exploration / mining on outcropping copper lodes • Grant’s Find, Wilson’s Reward, Rough Triangle, Iron Clad, Tarraji ➢ Recent Cu-Ag-Au-Co discovery under cover • Orion: Massive su
Slide 10: Orion Cu-Ag-Au-Co
Orion Cu-Ag-Au-Co Oxide and Supergene from ~1m depth, massive sulphide from ~30m. Remains open at depth and along strike ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 10
Slide 11: Orion Cu-Ag-Au-Co Target
Orion Cu-Ag-Au-Co Target Depth of cover is only 1-5m – amendable to shallow auger drilling to assist with target screening and ranking Next Steps: How big is it? June/July 2022: Resource drilling ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 11
Slide 12: Tarraji-Yampi Regional Targeting
Tarraji-Yampi Regional Targeting Numerous targets remain to be tested at Tarraji. *All targets to be screened by low impact auger drilling Yampi survey only recently completed Tarraji Yampi Next Steps: How many more are there? March/April 2022: Auger drilling July-September 2022: RC Drilling ASX:DRE
Slide 13: Grant's Find and Fuso Cu-Au-Co
Grant’s Find and Fuso Cu-Au-Co ➢ Grant’s Find • Outcropping breccia vein over 800m strike. • Best intercept to date – most northern drill hole. • 10m @ 2.3% Cu, 0.03% Co ➢ Fuso • Multiple strong magnetic anomalies, completely under shallow cover. • New magnetic data indicating we missed the target d
Slide 14: Rough Triangle: Cu-Ag-Bi-Sb
Rough Triangle: Cu-Ag-Bi-Sb ➢ 1.2km long outcropping vein of high-grade Cu-Ag-Bi-Sb mineralisation ➢ Significant rock chips include: • RT07: 20.4% Cu, 4.6% Sb, 0.9% Bi, 101g/t Ag • RTC01: 83.7% Cu, 142g/t Ag • RT09: 18.9% Cu, 14.1% Sb, 1.6% Bi, 196g/t Ag • RT12: 18.5% Cu, 10.8% Sb, 1.9% Bi, 291g/t A
Slide 15: Mangaroon REE & Au / Ni-Cu-PGE (FQM J/V)
Mangaroon REE & Au (100%) Mangaroon Ni-Cu-PGE (FQM J/V) ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 15
Slide 16: 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 17: Mangaroon Project
Mangaroon Project ➢Rare Earths: Yin Camp – 100% Owned • Outcropping high-grade rare earth ironstones – similar to Yangibana • High NdPr to TREO ratio – high value product for permanent magnets • Mineralogy and metallurgic work confirms high grade concentrate product • Next Steps: Resource drilling Y
Slide 18: Yin REE Ironstones
Yin REE Ironstones ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 18
Slide 19: Yin REE Ironstones
Yin REE Ironstones ✓ Scale • Six REE ironstones identified to date over an area of ~10kms x 5kms ✓ Grade • High grade rock chips, up to 11.37% TREO, with high NdPr to TREO ratios – high value concentrate ✓ Mineralogy • Monazite – globally significant REE ➢ Since the 1990s, where are the source carbo
Slide 20: Possible REE Carbonatites
Possible REE Carbonatites ➢Potential for large scale REE mineralisation • Residual – ex. Mt Weld, Araxa, Yangibana, • Fresh Rock – ex. Mountain Pass, Mt Weld ➢Evidence for both fresh and residual mineralisation • 99.8% of interpreted intrusions under calcrete cover • Outcrops within C3 and C4 have b
Slide 21: Mangaroon Ni-Cu-PGE
Mangaroon Ni-Cu-PGE ➢ The Money Intrusion • 50km long, outcropping mafic / ultramafic intrusion with high tenor blebby Cu-Ni-PGE bearing sulphides • 1km long outcropping gossanous Ni-Cu-PGE horizon at Bookathanna Next Steps: Is there a massive sulphide accumulation? February 2022: Results from FLEM
Slide 22: Illaara Au-Cu-LCT-Iron Ore Project
Illaara Au-Cu-LCT-Iron Ore Project ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 22
Slide 23: Illaara Project
Illaara Project 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. ➢ Ac
Slide 24: Illaara Project Overview
Illaara Project Overview Lithium Caesium Tantalum Pegmatites – Peggy Sue • Outcropping fertile LCT pegmatite swarm over an area of 5km x 2kms with multiple clusters of high-grade tantalum (up to 529ppm Ta2O5) • Additional mapping and sampling over mineralised clusters to define drill targets for ear
Slide 25: Peggy Sue: LCT Pegmatite
Peggy Sue: LCT Pegmatite • ~200 rock chips of pegmatite swarm collected • Large outcropping pegmatites 10-30m wide 300-500m long. • Early results showing high tantalum – fertile system. • Further mapping and sampling around clusters to determine zonation and fractionation trends to locate lithium ri
Slide 26: Nelson and Trafalgar VMS
Nelson and Trafalgar VMS • Nelson defined by ~1.5km long Cu-Zn-Pb-Ag in soil anomaly with strong VMS pathfinder (Au, Cd, In, Sn, Tl) association associated with a thin sediment horizon between a lower felsic volcaniclastic sequence and upper mafic volcanics. • Trafalgar defined by a ~500m long discr
Slide 27: Metzke's Find: High-grade Gold
Metzke’s Find: High-grade Gold Resource work underway – expected March 2022 ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 27
Slide 28: Iron Ore
Iron Ore ➢ Illaara contains significant iron ore potential which was briefly explored by Portman Iron and then Cleveland Cliffs from 2008-2013: • High iron and low phosphorus grades compared with regional players • Same geology as the high iron, low phosphorus Mt Richardson development • Contains a
Slide 29: Take Away Message
Take Away Message ➢ Strong news flow: Discovery and evaluation / resource drilling focus for the next 12 months ➢ Illaara: Consolidated 75km long underexplored greenstone belt with early exploration success ➢ Drilling February 2022 ➢ Mangaroon: first mover major land positions with proven REE, Ni-Cu
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