Dreadnought Resources Limited · ASX:DRE
Dreadnought Resources — Shareholder Meeting (November 2019)
30 slides from Dreadnought Resources's shareholder meeting presentation, Nov 28, 2019
Slide 1: Chairman's Address and Annual General Meeting Presentation
28 November 2019 CHAIRMAN’S ADDRESS AND ANNUAL GENERAL MEETING PRESENTATION “The past year has been a watershed year for Dreadnought. On 4 April 2019 we completed the acquisition of the IronRinger Group bringing with it the Tarraji- Yampi and Rocky Dam Projects. We then began a major transformation
Slide 2: Chairman's Address (continued): 2020 goals
• Received offers from directors and management for $170,000 which is the subject to a General Meeting to be held on 23 December 2019. Assuming that shareholders approve these offers from directors and management, this will make a total of ~$780,000 invested by directors and management into Dreadnou
Slide 3: Discovering Camp Scale Nickel, Copper and Gold Systems Within Western Australia
DISCOVERING CAMP SCALE NICKEL, COPPER AND GOLD SYSTEMS W ITHIN W ESTERN AUSTRALIA NOVEMBER 2019
Slide 4: Disclaimer
Disclaimer This presentation includes forward-looking statements. When used in this document, the words such as “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should”, and similar expressions are forward-looking statements. Although Dreadnought Resources Limited (“Dreadnought”
Slide 5: Corporate Overview
Corporate Overview Capital Structure – Post Capital Raise ASX Code DRE Shares on Issue 1,736M Directors and Unlisted options (0.010 strike price) 50M Officers 23.5% Unlisted options (0.008 strike price) 10M Unlisted options (0.005 strike price) 63M Convertible Notes (600,000 @ $1.00, 10% pa coupon,
Slide 6: Successful and Experienced Board
Successful and Experienced Board Mr Paul Chapman, Non-Executive Chairman B.Comm, ACA, Grad. Dip. Tax, MAICD, MAusIMM Paul is a Chartered Accountant with over thirty years’ experience in the resources sector gained in Australia and the United States. Paul was a founding shareholder/director of the fo
Slide 7: Overview
Overview Dreadnought Resources (ASX:DRE) is focused on discovering camp scale nickel, copper and gold systems within Western Australia by exploring significant landholdings in prospective and underexplored provinces. Tarraji-Yampi Project Unexplored since 1978 with known outcropping mineralisation
Slide 8: Strategy
Strategy DELIVER SIGNIFICANT EFFECTIVE AND EFFICIENT STRONG COMMUNITY AND SHAREHOLDER RETURNS EXPLORATION STAKEHOLDER ENGAGEMENT • Discover economic Nickel, Copper • Low over-head, textbook exploration • Licence to operate underpins our and Gold deposits in WA focused on discoveries success • Releas
Slide 9: West Kimberley Projects
West Kimberley Projects ASX:DRE WWW.DREADNOUGHTRESOURCES.COM 7
Slide 10: Rare Exploration Opportunity
Rare Exploration Opportunity • Outcropping mineralisation • Off limits since 1978 • Multiple untested drill targets • Tier 1 jurisdiction – Western Australia 1956-1959: Last 1978-2013: YSTA significant mineral Defense Reserve exploration at Tarraji “off limits” to undertaken by WMC mineral explorati
Slide 11: West Kimberley: Large Scale Ni-Cu-Au Opportunity
West Kimberley: Large Scale Ni-Cu-Au Opportunity Proterozoic Mobile Belts have become hot exploration provinces • Proterozoic Mobile Belts develop along craton margins, maintain mantle tapping structures and experience multiple deformation and extension events which drive a number of mineral system
Slide 12: West Kimberley: The next Fraser Range, Paterson?
West Kimberley: The next Fraser Range, Paterson? Proterozoic Mobile Belts in the Kimberley have been blanket pegged IGO, CHN, FMG, DRE are the major players DRE is the 2nd largest landholder IGO is actively acquiring projects and is the largest landholder in the East and West Kimberley ASX:DRE W
Slide 13: Tarraji-Yampi Project
Tarraji-Yampi Project Volcanic Massive Sulphides (VMS): • e.g. Golden Grove, DeGrussa, • Hosted within the Marboo formation • Tend to occur as clusters of high grade polymetallic Cu-Zn-Pb-Ag deposits • Chianti-Rufina – Priority VMS Target Magmatic Nickel Sulphide (Ni$): • e.g. Nova, Nebo Babel, Sa
Slide 14: Chianti – Priority VMS Drill Target
Chianti – Priority VMS Drill Target Untested FLEM conductors sitting beneath outcropping mineralized gossans and ACM’s 1972 shallow drilling. ASX:DRE WWW.DREADNOUGHTRESOURCES.COM 12
Slide 15: Chianti – First Drilling Results
Chianti – First Drilling Results Multiple massive and semi massive sulphide horizons intersected in first drilling confirming classic VMS model CHDD002: 117.8-119.8m CHDD001: 61.5-63.5m Zone From To Interval Description Upper 79.8m 80.3m 0.5m Massive po, cp Zone From To Interval Description Zone 80.
Slide 16: Chianti Rufina – VMS Camp Potential
Chianti Rufina – VMS Camp Potential Reinterpretation on the back of Chianti drilling results highlighted Rufina: Intense magnetic + VTEM anomalies + gossans FLEM, ground gravity and surface geochemical programs completed during November 2019 ASX:DRE WWW.DREADNOUGHTRESOURCES.COM 14
Slide 17: Grants – Priority Cu-Au Drill Target
Grants – Priority Cu-Au Drill Target Multiple outcropping Cu lodes, confirmed at depth in the 1950s by WMC. Opportunities: Gold and other metals never assayed, porphyry and lower grade intervals not previously sampled ASX:DRE WWW.DREADNOUGHTRESOURCES.COM 15
Slide 18: Grants – Drilling Results Pending
Grants – Drilling Results Pending First two drill holes hit multiple mineralized zones of quartz sulphide breccias and vein swarms GRDD001: 40.3-40.5m Drill core sent for analysis; surface geochemistry and geophysics could identify more prospects in the area ASX:DRE WWW.DREADNOUGHTRESOURCES.COM 16
Slide 19: Texas – Priority Ni-Cu-PGE Drill Target
Texas – Priority Ni-Cu-PGE Drill Target Coincident shallow EM conductor and intense magnetic anomaly sitting within outcropping Ruins Dolerite. Opportunity: High grade Ni-Cu-PGE massive sulphide, 250m of planned drilling in May 2020 ASX:DRE WWW.DREADNOUGHTRESOURCES.COM 17
Slide 20: Illaara Gold-VMS Project & Rocky Dam Gold-VMS Project
Illaara Gold-VMS Project & Rocky Dam Gold-VMS Project ASX:DRE WWW.DREADNOUGHTRESOURCES.COM 18
Slide 21: Illaara Project – Classic Yilgarn Gold
Illaara Project – Classic Yilgarn Gold Illaara will compliment the highly perspective Tarraji- Yampi Project in the West Kimberley and provide for year round news flow. Consolidated ~725sq km tenement package covering over 75km strike of greenstone belt, underexplored for gold Held by iron-ore e
Slide 22: Year Round Access and News Flow
Year Round Access and News Flow Established and well maintained infrastructure provides year round access to this highly prospective project in the Yilgarn Craton gold province Project located ~160km NW of Kalgoorlie. Easy access from Kalgoorlie and Menzies Extensive existing station and explorat
Slide 23: Illaara Project Priority Targets
Illaara Project Priority Targets Lawrence’s Find • Associated with historical gold in soils anomalism & historic Lawrence’s Find workings • Quartz veining in mafic volcanic mylonite between a felsic volcano-sedimentary package & felsic intrusives. CRA Homestead • ~2km x 300m gold in soil anomaly wit
Slide 24: Lawrence's Find: Priority Au Target
Lawrence’s Find: Priority Au Target Major 10km long orogenic gold anomaly: • Strong pathfinder anomalism • Major basin central shear zone • Significant splay along de-mag BIF horizon Historical workings and well mineralised rock chips along the BIF horizon present walk up drill targets, no known h
Slide 25: CRA Homestead: Priority Au Target
CRA Homestead: Priority Au Target 2km long gold in auger anomaly: • Defined by CRA in the 1980s • Follow up RAB drilling was ineffective (could not penetrate ferricrete/silcrete horizon) • Walk up drill target remains untested Core >100ppb Au anomaly associated with coincident magnetic anomaly Dr
Slide 26: Illaara Central: Priority Au Target
Illaara Central: Priority Au Target Major 10km long orogenic gold anomaly: • Strong pathfinder anomalism • Over interpreted intrusion (e.g. Wallaby / Jupiter) • At major structural intersection WAMEX review revealed rock chips from a quartz vein with Cu-Au-Ag mineralisation. Outcrop is closely as
Slide 27: Rocky Dam Au Project
Rocky Dam Au Project Located 30kms east of Kalgoorlie-Boulder in a tightly held region with active explorers CRA Prospect defined in the 1990s, WAMEX report lost in the system Over 700m strike of anomalous shallow RAB results Remainder of 2019 to deliver: • Heritage surveys completed, awaiting a
Slide 28: Dreadnought Track Record
Dreadnought Track Record Dreadnought has moved swiftly since restructuring in April 2019 to deliver results as promised. 2015-2019 • Consolidated the Tarraji-Yampi Project and Rocky Dam Project within a private vehicle (IronRinger) • Completed Land Access Agreements with the Commonwealth Government,
Slide 29: Take away message
Take away message Year round news flow, active explorer with funds going in the ground Multiple projects with camp scale potential which have been un-explored for multiple decades – first mover potential Focused on gold, copper and nickel discoveries Experienced management team with a track reco
Slide 30: The End
THE END 5/16 NICHOLSON ROAD W W W. D R E A D N O U G H T R E S O U R C E S . C O M . A U SUBIACO WA 6018 INFO@DREADNOUGHTRESOURCES.COM.AU PO BOX 572 TELEPHONE: +61(0) 428 824 343 F L O R E AT W A 6 0 1 4 DRE.ASX
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