Dreadnought Resources Limited · ASX:DRE
Dreadnought Resources — Investor Presentation (January 2019)
37 slides from Dreadnought Resources's investor presentation, Jan 16, 2019
Slide 1: Ni-Cu-Au Opportunity
Ni-Cu-Au Opportunity January 2019
Slide 2: 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
Slide 3: Transaction to Acquire IronRinger Group
Transaction to Acquire IronRinger Group • Agreement to acquire 100% of the IronRinger Group: – 350m ordinary shares – 50m, 5 year options @ $0.01 – $70,000 cash • Conditions include: TYK shareholder approval; Department of Defence approval of change of control of IronRinger; transfer of E04/2315 • P
Slide 4: Regional Corporate Activity with Strong Value Proposition
Regional Corporate Activity with Strong Value Proposition TYK BUX @ BUX @ Post BUX @ IGO Broker Rights Current Placement Target Capital Structure Issue Price Price Price Fully paid ordinary shares 1,119.6 136.1 136.1 136.1 Share price $ 0.003 $ 0.130 $ 0.200 $ 0.400 Market capitalisation $ 3.359 $ 1
Slide 5: Funding and News Flow
Funding and News Flow • EIS funding of $120,000 Current Rights Issue MD IronRinger Pro Sign On Acquisition Forma • Appointment of well Capital Structure (m) (m) (m) (m) (m) regarded MD (subject to Fully paid ordinary shares Options @$0.045, 5 year term 577.2 - 192.4 - - 30.0 350.0 1,119.6 - 30.0 fun
Slide 6: Experienced and Capable Team
Experienced and Capable Team • Managing Director: – Impressive and high quality candidate identified and will join subject to completion of transaction and completion of Rights Issue – Exploration geologist with experience in exploring for gold, base metals, pegmatites, iron and manganese in Austral
Slide 7: Change of Name and Brand
Change of Name and Brand • Military theme as Yampi is located on a Defence reserve • Dreadnought literally means "a fearless person" • Original, HMS Dreadnought was massive British man-of-war involved in the 1805 Battle of Trafalger • In 1906, the battleship HMS Dreadnought was so innovative that it
Slide 8: Excellent Commodity Mix
Excellent Commodity Mix Source: The Visual Capitalist 8
Slide 9: Investment Rationale
Investment Rationale • Tarraji/Yampi: – Large scale Ni-Cu-Au opportunity – Known mineralisation – Emerging region with drill ready targets • Rocky Dam Pyrite/Sulphur & Gold: – Pyrite/sulphur exploration target – Surrounded by Riversgold; Northern Star; Sumitomo; Aruma and Silver Lake with gold targe
Slide 10: Large Granted Tenement Position with Numerous Drill Ready Targets
Large Granted Tenement Position with Numerous Drill Ready Targets 10
Slide 11: Tarraji / Yampi Large Scale Ni-Cu-Au Opportunity
Tarraji / Yampi Large Scale Ni-Cu-Au Opportunity Western Mining’s David Barr (L) & Roy Woodall (R) at Tarraji – late 1950’s when most substantial exploration occurred 11
Slide 12: Overview
Overview • 877km2 exploration licences, located 95kms northeast of Derby, WA (via Derby-Gibb River & Kimbolton Roads) • Background: – First mover advantage at Tarraji, locked out as a Defence reserve for decades – Numerous ~WW1 Cu-Au workings – Drill and rockchip results • External endorsement of pr
Slide 13: History - Significant Mineralised System, Minimal Exploration
History - Significant Mineralised System, Minimal Exploration • ~WW1: Tarraji, Grant’s Find & Monarch hand mined for copper; gold produced via prospecting & dry blowing; smale scale mining of beryl, tin, wolfram & mica • 1957-1959: regional copper exploration by WMC • Post-1959: work limited due to
Slide 14: Structural Complexity, Scale Potential, Known Mineralisation
Structural Complexity, Scale Potential, Known Mineralisation IRR Ground Ruins Dolerite BUX Double Magic Major long-lived structure Regional basin margin Complex splay faults Base metals concentrations 14
Slide 15: Targets in Ruins Dolerite and Along Magnetic Trends
Targets in Ruins Dolerite and Along Magnetic Trends IRR Ground Ruins Dolerite Magnetic trends 15
Slide 16: Strong Results and Newsflow from Buxton Regional Success
Strong Results and Newsflow from Buxton Regional Success 16
Slide 17: Rio Tinto VTEM Survey Brings Modern Exploration to the Area
Rio Tinto VTEM Survey Brings Modern Exploration to the Area • Three blocks flown: – ~206kms2 survey over Yampi and Tarraji projects – Line-kms of data ~901kms – Line spacing ~250m – Average flying height ~83m • Acquisition terms ($110,000): – Signing: cash $10,000 [paid] – ASX listing: $30,000 in sh
Slide 18: Numerous High Quality Targets Developed from Ranking Criteria
Numerous High Quality Targets Developed from Ranking Criteria Magnetic anomalies EM conductors Ruins Dolerite • Priority ranking criteria: - Intensity of EM conductor - Strength of magnetic anomaly - Strike length (discrete bodies are higher priority) - Correlation with Ruins Dolerite 18
Slide 19: Numerous High Quality Targets Assessed and Ranked
Numerous High Quality Targets Assessed and Ranked Tarraji/Yampi Prioritised Targets Conductor Magnetic Target Priority Description Anomaly Geology C01 High Discrete & strong conductor Strong Within Ruins Dolerite C02 High Multiple moderate conductors, trending E-W Strong Under cover, possibly within
Slide 20: Numerous High Quality Targets VTEM
Numerous High Quality Targets VTEM BO6 VTEM image over geology map targeting Ruins Dolerites 20 Refer to ASX announcement 11 Jan. 2019 Priority: Red = High Green = Med Blue = Low
Slide 21: Cu and Ni Sampling Support Priority Targets
Cu and Ni Sampling Support Priority Targets 21 Refer to ASX announcement date 11 Jan. 2019
Slide 22: Significant Cu-Au Gossans at East Tarraji
Significant Cu-Au Gossans at East Tarraji Avg. drill depth ~140m Refer to ASX Avg. drill depth ~140m (with ~40% core loss) announcement 22 11 Jan. 2019
Slide 23: Cu-Au Rock Chip Sampling
Cu-Au Rock Chip Sampling Rock Cu Au Rock Cu Au Chip Area Year % g/t Chip Area Year % g/t Whitewater Resources Pty. Ltd. Maldon Minerals NL TG-1 GF 2013 6.91% 0.10 56 TJ 1971 14.25% 0.73 TG-2 GF 2013 9.66% 1.75 57 TJ 1971 14.75% 0.63 TG-3 GF 2013 9.08% 0.76 TG-4 GF 2013 2.87% 0.04 58 TJ 1971 25.25% 1
Slide 24: Encouraging Cu-Au Drilling by WMC
Encouraging Cu-Au Drilling by WMC Western Mining Corporation Ltd. Interval Cu ID Area Year (m) % Comments DDH - GS1 Grant’s Find 1959 5.33 1.14% Inc. 0.82m @ 2.95%Cu DDH - GS1 Grant’s Find 1959 0.43 5.34% HW vein DDH - GS2 Grant’s Find 1959 8.53 1.23% Inc. 2.90m @ 3.25%Cu DDH - GS3 Grant’s Find 1959
Slide 25: Endorsed by Successful EIS Grant
Endorsed by Successful EIS Grant • Awarded successful 2018 WA Government Exploration Incentive Scheme (“EIS”) grant of $120,000 via independent, competitive process involving 73 applicants of which only 40 were successful • Round 19 WA Government Co-Funded Drilling Agreement in place: − Four diamond
Slide 26: Rocky Dam Pyrite/Sulphur and Gold
Rocky Dam Pyrite/Sulphur and Gold Rocky Dam Looking east from Delta gold anomaly towards pyrite/sulphur target 26
Slide 27: Rocky Dam Pyrite/Sulphur and Gold
Rocky Dam Pyrite/Sulphur and Gold • Located near regional mining centre & infrastructure: – ~55kms via sealed (~35kms) & unsealed (~20kms) roads from Kalgoorlie – ~30kms2, with pyrite/sulphur targets to east and gold anomalies to the west • Rocky Dam Pyrite/Sulphur: – Pyrite/sulphur deposit • Rocky
Slide 28: Rocky Dam Sits North of Aruma's Slate Dam
Rocky Dam Sits North of Aruma’s Slate Dam • Aruma’s Slate Dam Gold Project: - Along trend from Majestic/Imperial & Trojan gold mines - Black Flag Group similiar to Gold Fields Ltd’s Invincible deposit >3M oz. @ >4g/t Au • Rocky Dam Gold targets: - Hosts Slate Dam type targets - Two broad targets whe
Slide 29: CRA Drilling Identified a Potential Gold Deposit
CRA Drilling Identified a Potential Gold Deposit • Gold anomaly identified by auger drilling: – >150ppb Au 200m area Program Type Holes Metres Avg Metres – >30ppb Au over 400m x 200m RDR001 - RDR027 RAB 27 532 20 area RDR028 - RDR067 RAB 40 943 24 Total RAB RAB 67 1,475 22 • Followed up with RAB dri
Slide 30: CRA Drilling Identified a Potential Gold Deposit
CRA Drilling Identified a Potential Gold Deposit Refer to ASX announcement 11 Jan. 2019 30
Slide 31: Gold Anomaly - Delta RAB drilling
Gold Anomaly - Delta RAB drilling From To Width Au Sample (m) (m) (m) (g/t) QBP801 0 8 8 0.005 QBP801 8 12 4 0.050 QBP802 0 8 8 0.005 QBP802 8 13 5 0.270 QBP803 0 8 8 0.005 QBP803 8 16 8 0.005 QBP803 16 17 1 0.160 QBP804 0 8 8 0.005 QBP804 8 12 4 0.030 QBP805 0 8 8 0.005 QBP806 0 8 8 0.040 QBP807 0
Slide 32: Investment Rationale
Investment Rationale • Tarraji/Yampi: – Large scale Ni-Cu-Au opportunity – Known mineralisation – Emerging region with drill ready targets • Rocky Dam Pyrite/Sulphur & Gold : – Pyrite/sulphur target – Surrounded by Riversgold; Northern Star; Sumitomo; Aruma and Silver Lake with gold targets identifi
Slide 33: Contact Us
Contact Us • A | Ground Floor, 70 Hindmarsh Square, Adelaide SA 5000 • T | +61 8 7324 3195 • F | +61 8 8232 8811 • E | info@tycheanreources.com • W | www.tycheanresources.com • ACN | 119 031 864 33
Slide 34: JORC Table: Section 1 Sampling Techniques and Data
JORC Table: Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) 34
Slide 35: JORC Table: Section 1 Sampling Techniques and Data
JORC Table: Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) 35
Slide 36: Section 2 Reporting of Exploration Results
Section 2 Reporting of Exploration Results (Criteria in this section apply to all succeeding sections.) 36
Slide 37: Section 2 Reporting of Exploration Results
Section 2 Reporting of Exploration Results (Criteria in this section apply to all succeeding sections.) 37
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