Dreadnought Resources Limited · ASX:DRE
Dreadnought Resources — Merger or Acquisition (November 2018)
10 slides from Dreadnought Resources's merger presentation, Nov 7, 2018
Slide 1: Acquisition of IronRinger Resources
ACQUISITION OF IRONRINGER RESOURCES
Slide 2: Highlights
Highlights • Yampi project 95kms north-east of Derby, in the west Kimberley – Multiple compelling high priority nickel-copper-cobalt targets defined – High grade copper-gold mineralisation confirmed in recent rock chip sampling – Drilling program targeting VTEM anomalies planned for early 2019 • Roc
Slide 3: Corporate Summary
Corporate Summary Capital Structure Trading History $0.010 10 Shares on Issue1 577,156,607 $0.009 9 $0.008 8 Millions $0.007 7 Market Cap (at $0.004 per share) $2.3M $0.006 6 $0.005 5 Cash (at 30 Sep 18) $0.18M $0.004 4 $0.003 3 $0.002 2 12 Month Trading Range $0.009 - $0.003 $0.001 1 1Prior to tran
Slide 4: Yampi Nickel-Copper-Cobalt
Yampi Nickel-Copper-Cobalt • Tenements highly prospective for nickel-copper- cobalt mineralisation • Area historically underexplored, with no drill testing of recently defined high priority targets • Buxton Resources recently intersected substantial massive sulphides at adjacent Double Magic prospec
Slide 5: Yampi Nickel-Copper-Cobalt
Yampi Nickel-Copper-Cobalt • Ruins Dolerite very similar in age and composition to rocks that host the Savannah Nickel Project • Drill targets generated through coincident magnetic, EM anomalies located within the Example of coincident magnetic (left), EM (centre) anomalies within Ruins Dolerite (ri
Slide 6: Yampi Copper-Gold
Yampi Copper-Gold • Exploration by including drilling by WMC in the 1950’s intersected copper mineralisation: • Recent reconnaissance sampling carried out in 2013 further defines drill targets at Grant’s Find and Wilson’s Reward • Gossans and historic small-scale workings extend for over 13kms strik
Slide 7: Rocky Dam Gold
Rocky Dam Gold • Located adjacent to Aruma Resources’ Slate Dam Project • Previous drilling has identified gold mineralisation within the tenement, with follow-up exploration planned in 2019 • Anomalous gold mineralisation defined along fault zones of 50-100m width by 700m length and open ended • Dr
Slide 8: Rocky Dam Pyrite
Rocky Dam Pyrite • Rocky Dam pyrite deposit identified by Swiss Aluminium in 1971 • Pyrite able to be utilised in the production of sulfuric acid, a key input in the process required to leach nickel laterite to produce nickel sulphate • Potential by-product credits with Zn, Cu, Fe, Ni, Co & Au • Dep
Slide 9: Transaction Terms
Transaction Terms • Tychean Resources Limited has agreed to acquire 100% of the shares in Iron Ringer Resources Pty Ltd, a private company associated with Mr Paul Chapman and Mr David Chapman for the following consideration: – 350m ordinary shares in Tychean Resources Limited – 50m, 5 year options e
Slide 10: Disclaimer
Disclaimer Forward Looking Statements ‘This release may include forward looking statements. These forward looking statements are based on management’s expectations and beliefs concerning future events as of the time of the release of this document. Forward looking statements are necessarily subject
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