Slide 1: Highly Active West Australian Focused Gold and Base Metal Explorer
HIGHLY ACTIVE W EST AUSTRALIAN FOCUSED GOLD AND BASE METAL EXPLORER MAY 2020
Slide 2: 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 3: Corporate Overview
Corporate Overview Capital Structure Illaara Gold-VMS Project (100%) ASX Code DRE Consolidated 880km2 landholding covering 75 strike kms of the Illaara greenstone belt Share Price (14/05/2020) $0.006 Acquired from Newmont, limited gold and base metal Shares on Issue (post placement) 1,891M explo
Slide 4: Successful and Experienced Board
Successful and Experienced Board 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 follo
Slide 5: First 12 Month's Performance
First 12 Month’s Performance Corporate Target Testing ~83% 62 9 3,484 *1 $600k Convertible Note Money in Price Sensitive Targets Tested* RC Meters *2 *2 *2 ~$25k / month going forward the ground Announcements Drilled* $600k $245k 556 6 JMEI Tax Credit EIS Government Diamond Meters Significant Drill
Slide 6: The Next 6 Months: Yilgarn Focused
The Next 6 Months: Yilgarn Focused Kimberley access restricted due to COVID-19 Target Testing • CRA-North* – 7 holes for 1,212m • Rodney – 1 hole for 180m + DHEM • Reindler’s East – 1 hole for 180m + DHEM • Reindler’s West – 1 hole for 190m + DHEM • Warspite North – 1 hole for 180m + DHEM • Wars
Slide 7: Strategy
Strategy DELIVER SIGNIFICANT EFFECTIVE AND EFFICIENT STRONG COMMUNITY AND SHAREHOLDER RETURNS EXPLORATION STAKEHOLDER ENGAGEMENT • Discover economic base metal and • Low over-head, textbook exploration • Licence to operate underpins our gold deposits in WA focused on discoveries success • Release co
Slide 8: Yilgarn Gold-VMS Projects
Yilgarn Gold-VMS Projects • Illaara • Rocky Dam ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 8
Slide 9: Illaara Gold-VMS Project
Illaara Gold-VMS Project 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. Initially acquired from Newmont and through subsequent deals have consolidated over 7
Slide 10: Illaara Project Gold and VMS Targets
Illaara Project Gold and VMS Targets Metzke’s Find Corridor (12km strike) • Significant historical workings, has not been drilled since the 1990s • Quartz veining in sheared mafic volcanics & felsic intrusives Central Illaara Corridor (10km strike) • Extensive orogenic gold anomaly defined by Newmon
Slide 11: Metzke's Find: Gold
Metzke’s Find: Gold Historical shallow drilling in the 1980s and 1990s* • MZ07: 5m @ 4.0 g/t Au from 11m • MZ19: 2m @ 15.7 g/t Au from 19m • MZ23: 3m @ 11.7 g/t Au from 18m First round of deep drilling intersected high grade gold • MZRC012: 2m @ 6.8 g/t Au from 80m • MZRC010: 4m @ 1.9 g/t Au incl
Slide 12: Metzke's Corridor: Gold
Metzke’s Corridor: Gold No historical work along strike of Metzke’s Find 12km long gold corridor with classic orogenic gold pathfinder anomalism identified through wide spaced soil sampling Multiple discreet gold-in-soil anomalies Rock chipping and infill soil sampling will define additional dr
Slide 13: Illaara Central Corridor: Gold
Illaara Central Corridor: Gold Major 10km long orogenic gold anomaly: • Strong pathfinder anomalism • Over interpreted intrusion (e.g. Wallaby / Jupiter) • At major structural intersection Multiple discreet gold-in-soil anomalies Intrusion related gold model has received $125,000 grant through th
Slide 14: Eastern and Western VMS Horizons
Eastern and Western VMS Horizons Emerging VMS Region: • Outcropping gossans and historical exploration in the 1970s and 1980s • Over 100km strike of prospective VMS horizons • Recent success in the region at Cobre’s (ASX:CBE) nearby Perrinvale Project • Utilisation of modern technology and explorat
Slide 15: Rodney VMS Prospect
Rodney VMS Prospect Coincident anomalism: • Outcropping gossan • Strong base metal and pathfinder anomalism • Magnetic anomaly • EM anomaly Rodney Fixed Loop Electromagnetic (FLEM) plate • 160m x 200m • 8,600S All approvals in place, drilling to commence May 2020 • 1 hole for 180m ASX:DRE WWW.DRE
Slide 16: Warspite VMS Prospect
Warspite VMS Prospect Coincident anomalism: • Outcropping gossan • Strong base metal and pathfinder anomalism • Multiple EM anomalies Warspite North FLEM Plate • 380m x 380m • 3,900S Warspite South FLEM Plate • 350m x 300m • 3,300S All approvals in place, drilling to commence May 2020 • 2 holes
Slide 17: Reindler's VMS Prospect
Reindler’s VMS Prospect Coincident anomalism: • Outcropping gossan • Strong base metal and pathfinder anomalism • Multiple EM anomalies Reindler East FLEM Plate • 1,220m x 560m • 150S Reindler West FLEM Plate • 550m x 280m • 4,400S All approvals in place, drilling to commence May 2020 • 2 holes
Slide 18: Bismarck VMS Prospect
Bismarck VMS Prospect Coincident anomalism: • Outcropping gossan • Strong base metal and pathfinder anomalism • EM Anomaly Bismarck FLEM Plate • 1,160m x 820m • 1,000S All approvals in place, drilling to commence May 2020 • 1 hole for 180m ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 18
Slide 19: Rocky Dam Au-VMS Project
Rocky Dam Au-VMS Project Located 45kms east of Kalgoorlie in a tightly held region with active explorers and miners CRA-North Prospect defined in the 1990s, WAMEX report lost in the system Drilling program at CRA-North recently completed, results expected June 2020 Outcropping gossans recent
Slide 20: CRA North Target: Gold
CRA North Target: Gold ~800m long gold-in-soil anomaly defined with supporting gold anomalism in historical shallow RAB drilling: • Core of the anomaly aligns with a historical 4m @ 3.1g/t Au RAB intercept in the saprolite* 7 hole, 1,212m RC drilling program completed May 2020: • Results expected
Slide 21: Kimberley Ni-Cu-Au Projects
Kimberley Ni-Cu-Au Projects • Tarraji-Yampi • West Kimberley • South Kimberley ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 21
Slide 22: West Kimberley: Large Scale Ni-Cu-Au Opportunity
West Kimberley: Large Scale Ni-Cu-Au Opportunity Proterozoic Mobile Belts have become hot exploration provinces Kimberley restrictions currently in place due to COVID19 • Federal biosecurity and state travel restrictions are due to be reviewed in June 2020 • Currently assuming minimal fieldwork
Slide 23: The West Kimberley
The West Kimberley IGO, CHN, DRE are the major players DRE is the 2nd largest landholder Three main project areas targeting: • Ni-Cu-PGE Massive Sulphides in the Ruins and Hart Dolerites • Base metal VMS deposits in the Marboo and Whitewater Volcanics • Cu-Au Deposits in the Marboo and Whitewater
Slide 24: Tarraji-Yampi Ni-Cu-Au
Tarraji-Yampi Ni-Cu-Au Volcanic Massive Sulphides (VMS): • e.g. Golden Grove, DeGrussa, • 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, Savannah • Tend to form high grade mas
Slide 25: 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 26: Chianti-Rufina: 7 VMS Targets
Chianti-Rufina: 7 VMS Targets Drill targets defined by FLEM anomalies with associated gossans and / or magnetic and surface geochemical anomalies CHDD001: 61.5-63.5m CHDD002: 117.8-119.8m Opportunity: Multiple high grade massive sulphide deposits (EIS Co-funded application pending) ASX:DRE WWW.DREAD
Slide 27: Fuso and Paul's Find Cu-Au Targets
Fuso and Paul’s Find Cu-Au Targets Coincident strong magnetic and gravity anomalies sitting under cover adjacent to significant regional structures Opportunity: Large scale IOCG targets ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 27
Slide 28: Texas Ni-Cu-PGE Target
Texas Ni-Cu-PGE Target Coincident shallow EM conductor and intense magnetic anomaly sitting within outcropping Ruins Dolerite Opportunity: High grade Ni-Cu-PGE massive sulphide (EIS Co-funded application pending) ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 28
Slide 29: Take Away Message
Take Away Message Over the next six months we are fully funded for testing 9 targets, 18 RC holes for 2,500m of RC drilling • Plus Rocky Dam drilling results • Several EM and soils surveys • High news flow Kimberley on hold due to COVID-19 • Focusing on Yilgarn gold, base metal projects Experie
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