Dreadnought Resources Limited · ASX:DRE
Dreadnought Resources — Earnings Presentation (January 2023)
25 slides from Dreadnought Resources's earnings presentation, Jan 30, 2023
Slide 1: Quarterly Presentation January 2023
For personal use only FINDING THE METALS FOR OUR FUTURE QUARTERLY PRESENTATION JANUARY 2023
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
Slide 3: Company Snapshot
Company Snapshot Capital Structure For personal use only Mangaroon REE & Au (100%) ASX Code DRE ➢ ~5,300km2 in the Gascoyne ➢ 25km from Yangibana REE Ironstones Project (Hastings - $500m) Share Price (27/01/2023) $0.110 ➢ Six carbonatites to be tested for Mt Weld style (Lynas - $7,800m) Shares on Is
Slide 4: Performance to Date
Performance to Date For personal use only ~$3.3M invested by board and management $0.16 Yin, Sabre, Y8 >85% money in the ground REE Discoveries 63 $0.14 69 56 ~1 ASX announcement / week 51 * 86 82 87 93 $0.12 Multiple discoveries in critical metals $0.10 $0.08 Orion Cu-Ag-Au-Co Discovery $0.06 Metzk
Slide 5: Mangaroon REE & Au (100%)
For personal use only Mangaroon REE & Au (100%) Mangaroon Ni-Cu-PGE (FQM Earn-In) ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 5
Slide 6: Mangaroon Project
Mangaroon Project For personal use only Opportunity: REE: Ironstones & Carbonatites (100%) • 25km to Hastings Yangibana REE Project, 27.4Mt @ 0.97% TREO (0.33% NdPr) • Ironstones: high-grade, high NdPr, similar to Hastings (~$500m) • Initial resource delivered in December 2022: 14.4Mt @ 1.13 TREO (3
Slide 7: Yin Resource
Yin Resource ✓ Discovery to Resource 6 Months For personal use only • Strong understanding of ironstone trends ✓ High NdPr:TREO Ratios • Region contains the highest NdPr:TREO ratios in the world • 30-31% NdPr:TREO ratio ✓ Mineralogy Confirmed • Monazite – processing capacity with three plants to be
Slide 8: Yin REE Complex
Yin REE Complex ✓ Large Scale Potential • 43kms of REE Ironstones For personal use only • Yin Resource is only ~7% of known strike • 7 Carbonatite Intrusions ✓ High tonnage intensity • Regionally significant thicknesses • ~4.8 Mt / strike km at Yin • ~1.25 Mt / strike km at Yangibana ✓ Underground P
Slide 9: Significant Upside Potential – C6
Mangaroon REE Significant Upside Potential – C6 For personal use only C1-5 Mick Well (KFM) C6 Yin Yang Mt Weld C6 C6 Magnetics C6 Gravity Government magnetics (low resolution) (high resolution) ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU WWW.DREADNOUGHTRESOURCES.COM.AU 9
Slide 10: Carbonatite Systems
Mangaroon REE Carbonatite Systems For personal use only ~1km Ngualla- Tanzania Mountain Pass - USA Mt Weld - Australia ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU WWW.DREADNOUGHTRESOURCES.COM.AU 10 10
Slide 11: Carbonatite Footprints Simplified
Mangaroon REE Carbonatite Footprints Simplified For personal use only C6 Sulphide Queen MP Materials C1 30.4Mt @ 6.36% TREO ? *16 February 2022 SEC Technical Report Summary – Mountain Pass Mine ? Ngualla C2-5 + Extension Peak Rare Earths 214.4Mt @ 2.15% TREO *24 October 2022 Completion of Ngualla BF
Slide 12: Carbonatite First Pass Drilling Program
Mangaroon REE Carbonatite First Pass Drilling Program For personal use only C6 Sulphide Queen Undrilled MP Materials C1 30.4Mt @ 6.36% TREO ? *16 February 2022 SEC Technical Report Summary – Mountain Pass Mine Ngualla C2-5 + Extension Peak Rare Earths 214.4Mt @ 2.15% TREO *24 October 2022 Completion
Slide 13: First Pass Results
Mangaroon REE First Pass Results For personal use only C6 Sulphide Queen Undrilled MP Materials C1 30.4Mt @ 6.36% TREO Partially drilled ? *16 February 2022 SEC Technical Report Summary – Mountain Pass Mine Ngualla C2-5 + Extension Peak Rare Earths Partially drilled 214.4Mt @ 2.15% TREO *24 October
Slide 14: C3 REE-P-Nb-Ti-Sc Mineralised Area
Mangaroon REE C3 REE-P-Nb-Ti-Sc Mineralised Area For personal use only ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU WWW.DREADNOUGHTRESOURCES.COM.AU 14 14
Slide 15: C3 REE-P-Nb-Ti-Sc Mineralised Area
C3 REE-P-Nb-Ti-Sc Mineralised Area For personal use only ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU WWW.DREADNOUGHTRESOURCES.COM.AU 15 15
Slide 16: Tarraji-Yampi Cu-Ag-Au-Co, Ni-Cu-PGE
For personal use only Tarraji-Yampi Cu-Ag-Au-Co, Ni-Cu-PGE ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 16
Slide 17: Tarraji-Yampi
WMC’s David Barr (L) & Roy Tarraji-Yampi Woodall (R) at Tarraji 1950s Background For personal use only • ~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
Slide 18: Orion Cu-Ag-Au-Co Discovery
Orion Cu-Ag-Au-Co Discovery For personal use only Limit of drilling ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 18
Slide 19: Auger Program
Auger Program ➢ Modern geochemistry + geophysics For personal use only ➢ 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.
Slide 20: Central Yilgarn Gold-Base Metal-LCT-Iron Ore
For personal use only Central Yilgarn Gold-Base Metal- LCT-Iron Ore ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 20
Slide 21: Central Yilgarn Overview
Central Yilgarn Overview For personal use only 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 m
Slide 22: Bresnahan Project
For personal use only Bresnahan Project ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 22
Slide 23: Bresnahan HREE Project
Bresnahan HREE Project For personal use only 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 •
Slide 24: 2023: Delivering Discoveries
2023: Delivering Discoveries For personal use only Yin Orion FQM JV Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Mangaroon REEs Mangaroon Ni-Cu-PGE Kimberley Cu-Ag-Au-Co Target generation Target definition Bresnahan HREEs Target testing Central Yilgarn Ni ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 2
Slide 25: Take Away Message
Take Away Message ➢ Strong news flow throughout 2023 ➢ For personal use only 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 s
Dreadnought Resources — Earnings Presentation (January 2023) on 6ix