Dreadnought Resources Limited · ASX:DRE

Dreadnought Resources — Shareholder Meeting (May 2025)

40 slides from Dreadnought Resources's shareholder meeting presentation, May 9, 2025

  1. Slide 1: Finding more gold, faster – General Meeting Presentation

    For personal use only Finding more gold, faster G e n e r a l M e e t i n g P re s e n t a t i o n M ay 2 0 2 5 ASX:DRE ASX:DRE 1

  2. Slide 2: Corporate Overview - Preplacement

    Corporate Overview - Preplacement Corporate Information DRE Share Price – 12 months1 Shares on Issue 4,844.4M For personal use only Unlisted Securities ~89.1M Market Cap (at A$0.015/sh)1 ~$65M Liquidity (90 day average) ~6.8M/day Cash @ 30 Apr 252 ~A$9.4M Top 20 Holders: ~30% 1 Share price as at 9 M

  3. Slide 3: Board of Directors

    For personal use only Board of Directors Paul Chapman Dean Tuck Phillip Crutchfield Non-Exec Chairman Managing Director Non-Exec Director • Chartered accountant with 30+ years • Experienced geologist and exploration • Prominent and well-respected barrister experience in the resources sector manager

  4. Slide 4: Disclaimer

    Disclaimer Refer to Dreadnought announcements for JORC Table 1 and Table 2 for results and information contained require in order to make an informed assessment of the prospects of Dreadnought. in this presentation. Central Yilgarn Project You should conduct your own investigation and perform your o

  5. Slide 5: Mangaroon Gold Project – Star of Mangaroon Development

    For personal use only Mangaroon Gold Project Star of Mangaroon Development ASX:DRE ASX:DRE 5

  6. Slide 6: Star of Mangaroon Development

    Star of Mangaroon Development • Large tenement package covering ~5,000km2 in the Gascoyne Region of Western Australia For personal use only • ~300kms from major local towns of Exmouth and Carnarvon • ~330kms by road from Paulsens Gold Operation (ASX: BC8) • ~350kms from the Port of Onslow • Serviced

  7. Slide 7: Star of Mangaroon – initial high-grade resource

    Star of Mangaroon – initial high-grade resource History • Gold identified: 1956 • Small-scale underground mining: 1960-1983 For personal use only • Production: ~7,500 ounces at ~35g/t Develop the Outlook Star of • Maiden Resource of 23,300oz @ 12.8g/t Au (84% Indicated) defined within ~100m of surfa

  8. Slide 8: Star of Mangaroon – shallow resource open along strike and at depth

    Star of Mangaroon – shallow resource contained within ~110m of surface and remains open along strike and at depth. Upside potential at Star of Mangaroon & Popeye • Limited exploration in the 1980s/1990s: For personal use only • 4m at 26g/t Au from 9m (MA10) • 4m at 18.7g/t Au from 8m (SMC07) • Recen

  9. Slide 9: Pathway to Production

    For personal use only Pathway to Production September 2024 December 2024 March 2025 June 2025 September 2025 December 2025 Quarter Quarter Quarter Quarter Quarter Quarter Technical Studies, Environmental and Heritage Surveys (approvals work) Work Plan Focus 1. Finalise Mining Proposals and Mine Clos

  10. Slide 10: Mangaroon Gold Project – Add near term production ounces

    For personal use only Mangaroon Gold Project Add near term production ounces ASX:DRE ASX:DRE 10

  11. Slide 11: Add Near Term Production Ounces

    Add Near Term Production Ounces • Granted Mining Leases with historical production • M09/175: Star of Mangaroon and Popeye For personal use only Develop the • M09/91: Lead Mine Star of • M09/174: Two Peaks Mangaroon • M09/146-147: Pritchard Well • Initial drilling program completed in April 2025 • F

  12. Slide 12: Star of Mangaroon – Adding shallow high-grade ounces within the pit

    For personal use only Star of Mangaroon – Adding shallow high-grade ounces within the pit ASX.DRE 27 November 2024 Shallow, High-grade, 84% Indicated Au Resource ASX.DRE 28 January 2025 Robust Scoping Study for Star of Mangaroon ASX.DRE 5 May 2025 First Gold Drilling Program of the Year Completed AS

  13. Slide 13: Popeye – Adding shallow high-grade ounces adjacent to Star of Mangaroon

    For personal use only Popeye – Adding shallow high-grade ounces adjacent to Star of Mangaroon ASX.DRE 27 November 2024 Shallow, High-grade, 84% Indicated Au Resource ASX.DRE 28 January 2025 Robust Scoping Study for Star of Mangaroon ASX.DRE 5 May 2025 First Gold Drilling Program of the Year Complete

  14. Slide 14: Two Peaks – Historical hard rock mining

    For personal use only Two Peaks – Historical hard rock mining ASX.DRE 27 November 2024 Shallow, High-grade, 84% Indicated Au Resource ASX.DRE 5 May 2025 First Gold Drilling Program of the Year Completed ASX:DRE 14

  15. Slide 15: Pritchard Well – Historical alluvial and hard rock mining

    For personal use only Pritchard Well – Historical alluvial and hard rock mining ASX.DRE 27 November 2024 Shallow, High-grade, 84% Indicated Au Resource ASX.DRE 5 May 2025 First Gold Drilling Program of the Year Completed ASX:DRE 15

  16. Slide 16: Add Near Term Production Ounces – Work Plan

    For personal use only Add Near Term Production Ounces June 2025 September 2025 December 2025 March 2026 June 2026 September 2026 Quarter Quarter Quarter Quarter Quarter Quarter Technical Studies, Environmental and Heritage Surveys (approvals work) Work Plan Focus 1. Add ounces on granted mining leas

  17. Slide 17: Mangaroon Gold Project – Finding more gold, faster

    Mangaroon For personal use only Gold Project Finding more gold, faster *Exploration and Discovery ASX:DRE ASX:DRE 17

  18. Slide 18: Underexplored Mangaroon vs Post-discovery Gruyere

    Open file Data For personal use only Underexplored Mangaroon vs Post-discovery Gruyere (same scale) ~1990s-2017 Mangaroon Mangaroon Gruyere (2013) ASX:DRE 18

  19. Slide 19: Underexplored Mangaroon vs Mature Brownfield Kalgoorlie

    Open file Data For personal use only Underexplored Mangaroon vs Mature Brownfield (same scale) ~1990s-2017 Mangaroon Mangaroon Kalgoorlie ASX:DRE 19

  20. Slide 20: Historical workings on outcropping veins highlight mineralised structures

    Historical workings on outcropping veins highlight mineralised structures No drilling of historical workings nor mineralised structures undercover For personal use only Cullens 3m @ 6.5g/t Au from 28m Linkage Faults Mitchells >90kms of mineralised 16.4g/t Au Rock Chips structure undercover Edmund Fa

  21. Slide 21: Stream sediment sampling highlighting prospective gold camps

    Stream sediment sampling highlighting prospective gold camps at Bordah and High Range with stronger gold values than the Star of Mangaroon High Range North High Range For personal use only Incomplete Streams High Range South Bordah Incomplete Streams Linkage Faults >90kms of mineralised Minga Bar st

  22. Slide 22: Soil sampling defining walk up targets and aircore targets

    Soil sampling defining walk up targets at Bordah, Minga Bar Fault and Star of Mangaroon with aircore targets over >200kms of major mineralised structures High Range For personal use only Incomplete Soils Edmund Fault Bordah Aircore Target Incomplete Soils Linkage Faults >90kms of mineralised Minga B

  23. Slide 23: Walk up drill targets in an emerging gold camp

    Walk up drill targets defined by Dreadnought in an emerging gold camp Midnight Star Target 3,000m x 400m gold in soil anomaly Never drilled Midday Moon Target For personal use only 2,800m x 800m gold in soil anomaly Rock chips up to 3.1g/t Au Never drilled Pritchard Gold Mine Historical alluvial and

  24. Slide 24: Finding more gold, faster – Work Plan

    For personal use only Finding more gold, faster June 2025 September 2025 December 2025 March 2026 June 2026 September 2026 Quarter Quarter Quarter Quarter Quarter Quarter Target generation Target definition (Streams, and geophysics) (soils and mapping) Work Plan Focus 1. Build pipeline of quality ta

  25. Slide 25: Teck Farm-In and Joint Venture – Money Intrusion Ni-Cu-PGE

    For personal use only Teck Farm-In and Joint Venture Money Intrusion Ni-Cu-PGE ASX:DRE ASX:DRE 25

  26. Slide 26: $15M Farm-In and Joint Venture with Teck – Money Intrusion Ni-Cu-PGEs

    $15M Farm-In and Joint Venture with Teck – Money Intrusion Ni-Cu-PGEs Major Partnership to explore the Money Intrusion • Significant Copper + Nickel Opportunity (~50/50 Cu-Ni Ratio): For personal use only • 23m @ 0.50% Ni, 0.51% Cu from 36m including: 2m @ 3.32% Ni, 2.88% Cu from 45m (REYRC013) • 10

  27. Slide 27: Illaara Gold Project – Finding more gold, faster

    Illaara Gold For personal use only Project Finding more gold, faster *Exploration and Discovery ASX:DRE ASX:DRE 27

  28. Slide 28: Project Location & Summary

    Project Location & Summary • Covering ~800km2 in the Yilgarn Region of Western Australia For personal use only • ~60kms to Aurenne’s Mt Ida Gold Mill • ~100kms to local town of Menzies • ~130kms to Ora Banda’s (ASX.OBM) Davyhurst Mill • ~190kms from major centers at Leonora and Kalgoorlie • Serviced

  29. Slide 29: Underexplored History of Illaara

    Last explored for gold by Dreadnought in Underexplored History 2021/2022 when gold price was ~$2,200 Newmont Corporation Consolidated Illaara greenstone belt after Metzke’s Find MRE identifying ~55km long Au-As-Sb anomaly 14.9koz @ 6.8g/t Au 2500 generated by GSWA. Completed proprietary surface geoc

  30. Slide 30: One of the most underexplored greenstone belts in the Yilgarn region

    For personal use only One of the most underexplored greenstone belts in the Yilgarn region Black Oak 6m @ 0.9g/t Au including Longmore’s Find 1m @ 3.3g/t Au Menzies Belt DRE 2020: 1m @ 100g/t Au Never followed up Illaara Belt Metzke’s Find Iron Ore and Base 14.9koz @ 6.8g/t Au Metal Drilling Open al

  31. Slide 31: Multiple mineralised shear zones never tested with air core

    Multiple mineralised shear zones never tested with air core Bedrock drill intercepts never followed up, multiple walk-up targets For personal use only Black Oak 6m @ 0.9g/t Au 18m @ 0.3g/t Au Longmore’s Find Never followed up DRE 2020: 1m @ 100g/t Au Metzke’s Find Black Oak – Homestead Trend 14.9koz

  32. Slide 32: Metzke’s Find - 14.9k oz @ 6.8g/t Au

    Metzke’s Find - 14.9k oz @ 6.8g/t Au High-grade near-surface mining opportunity • Coarse gold in hydrothermal quartz veins For personal use only • High grade intercepts including • 2m @ 39.2 g/t Au • 3m @ 21.0 g/t Au • MZRC049 drilled 150m north of the current resource intersected 6m @ 1.15 g/t Au,

  33. Slide 33: Finding more gold, faster – Work Plan

    For personal use only Finding more gold, faster June 2025 September 2025 December 2025 March 2026 June 2026 September 2026 Quarter Quarter Quarter Quarter Quarter Quarter Reviews, Targeting, Drill Planning Work Plan Focus 1. Review and continue to build pipeline of quality targets 2. Exploration dri

  34. Slide 34: Gifford Creek Carbonatite Complex

    Gifford Creek For personal use only Carbonatite Complex ASX:DRE 34

  35. Slide 35: Gifford Creek Carbonatite Complex

    Gifford Creek Carbonatite Complex Significant Critical Metal Potential • The Gifford Creek Carbonatite Complex is one of the largest carbonatite complexes in the world, stretching 17km. • Wide spaced drilling has identified multiple zones of critical metal (rare earth, niobium, titanium, For persona

  36. Slide 36: Gifford Creek Carbonatite Niobium Potential – Stinger Discovery

    For personal use only Gifford Creek Carbonatite Niobium Potential – Stinger Discovery ASX.DRE 19 August 2024 Thick High-Grade Niobium Intercepts from Gifford Creek ASX:DRE 36 Carbonatite

  37. Slide 37: Summary

    For personal use only Summary ASX:DRE ASX:DRE 37

  38. Slide 38: Work Plan Summary

    Work Plan Summary June 2025 September 2025 December 2025 March 2026 June 2026 Quarter Quarter Quarter Quarter Quarter For personal use only Star of Mangaroon Mining, Haul, Process Approvals and Commencement of Production Production Development Agreement Add near term production Star of Mangaroon, Po

  39. Slide 39: Finding more gold, faster

    For personal use only Finding more gold, faster ASX:DRE | Dreadnought Resources Ltd +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court, Osborne Park WA 6017 Sign up to our Investor Hub to receive the latest news, updates and announcements. dreadnoughtresources.com.au ASX:DRE 39

  40. Slide 40: Annexure – Resources Summary

    Annexure – Resources Summary For personal use only ASX:DRE 40

Dreadnought Resources — Shareholder Meeting (May 2025) on 6ix