Dreadnought Resources Limited · ASX:DRE
Dreadnought Resources — Investor Presentation (July 2022)
19 slides from Dreadnought Resources's investor presentation, Jul 29, 2022
Slide 1: Highly Active West Australian Mineral Explorer Focused on Discovery
For personal use only HIGHLY ACTIVE WEST AUSTRALIAN MINERAL EXPLORER FOCUSED ON DISCOVERY CORPORATE PRESENTATION - JULY 2022
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements. When used in this document, the words such as “could”, “plan”, “estimate”, Illaara Gold-VMS-Iron Ore Project For personal use only “expect”, “intend”, “may”, “potential”, “should”, and similar expressions are forward-looking statement
Slide 3: Company Snapshot
Company Snapshot Capital Structure Mangaroon REE & Au (100%) For personal use only ASX Code DRE ~4,900km2 in the Gascoyne, WA 25km from Yangibana REE Ironstones Project (Hastings - $450m) Share Price (28/07/2022) $0.065 High-grade, high NdPr, large scale ironstones similar to Yangibana Shares
Slide 4: Mangaroon REE & Au; Mangaroon Ni-Cu-PGE (FQM Earn-In)
For personal use only Mangaroon REE & Au (100%) Mangaroon Ni-Cu-PGE (FQM Earn-In) ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 4
Slide 5: Mangaroon Background
Mangaroon For personal use only Background • ~4,900km2 first mover land package in the Proterozoic aged Gascoyne mobile belt REE: Ironstones & Carbonatites (100%) • 25km to Hastings Yangibana REE Project, 27.4Mt @ 0.97% TREO (0.46% NdPr) • Ironstones: high-grade, high NdPr, large scale, similar to H
Slide 6: Mangaroon REE
Mangaroon REE Large Scale • Outcropping ironstones confirmed: Yin, For personal use only Y2, Y3 – drilling underway • Carbonatites could be regional source of ironstones (including Yangibana) High-Grade, High NdPr • Rock chips, up to 39.7% TREO • NdPr to TREO ratios, up to 46% •First drill holes
Slide 7: Yin Ironstone – First Line
Mangaroon REE Yin Ironstone – First Line For personal use only Significant results include: • YINRC005: 35m @ 2.75% TREO from 94m, including 15m @ 4.08% TREO from 105m • YINRC001: 34m @ 2.59% TREO from surface, including 10m @ 6.05% TREO from 11m • YINRC002: 31m @ 1.73% TREO from 24m, including 7m @
Slide 8: Yin Ironstone – 3kms and Growing
Mangaroon REE Yin Ironstone – 3kms and Growing For personal use only Multiple lodes: • Will be targeted further in future drilling Thick intercepts over 3km of strike: • Yin remains open in all directions and at depth, significant growth potential Infill and extensional JORC Resource drilling underw
Slide 9: 2022 Drilling
2022 Drilling For personal use only Discovery and JORC Resource drilling for 2022 1. Ironstone discovery drilling: • Yin, Y2, Y3 • 90 holes for 9,600m 2. Carbonatite discovery drilling • 86 holes for 4,900m • EIS co-funded 3. Ironstone JORC Resource drilling • Ongoing WWW.DREADNOUGHTRESOURCES.COM.AU
Slide 10: Yin Further Upside
Yin Further Upside For personal use only 43,000-line km survey has identified over 85 anomalies identified to date Y3 • 19 anomalies inspected: New • 13 mineralised targets Targets • 3 undercover targets • 3 un-prospective • 66 targets to be inspected: • This work will define additional drill target
Slide 11: Mangaroon Ni-Cu-PGE – FQM Option
Mangaroon Ni-Cu-PGE – FQM Option For personal use only • 50km long, outcropping mafic/ultramafic intrusion with high tenor blebby Cu-Ni- PGE bearing sulphides • FQM to spend $15M to earn 51% and additional 19% upon a decision to mine • 2021: ~1km long outcropping MNRK0366: 0.4% Cu, 0.4% Ni, 0.03% Co
Slide 12: Tarraji-Yampi Cu-Ag-Au-Co-Ni-PGE
For personal use only Tarraji-Yampi Cu-Ag-Au-Co-Ni-PGE ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 12
Slide 13: Tarraji-Yampi
For personal use only Tarraji-Yampi WMC’s David Barr (L) & Roy Woodall (R) at Tarraji 1950s ~80kms from the port of Derby and entirely within the Yampi Sound Defence Training Area – off limits to exploration since 1978 Recent Cu-Ag-Au-Co discovery under cover • Orion: Massive sulphides with high
Slide 14: Orion Cu-Ag-Au-Co Discovery
Orion Cu-Ag-Au-Co Discovery For personal use only ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 14
Slide 15: Auger Results – Orion Trend
Auger Results – Orion Trend For personal use only Orion Orientation 300x60m – 3,150ppm CuPbZnAs* *collected over the blind Orion gossan Targets Ironclad: 1,150x150m – 2,145ppm CuPbZnAs • Major structure, significant scale OR1: 300x150m – 1,040ppm CuPbZnAs • Same structure as Orion OR3: 650x100m – 1,
Slide 16: 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 16
Slide 17: Central Yilgarn Overview
Central Yilgarn Overview For personal use only Background • ~1,600sqkms of tenure covering 4 greenstone belts • Hancock Prospecting and dominated by Mineral Resources seeking iron ore Strategy • Assess opportunities for commercialisation • Generate targets for testing • Dedicated geologist appointed
Slide 18: 2022 Catalysts
2022 Catalysts Nelson Orion For personal use only Steady news flow from Mangaroon REE drilling • >4,000 samples pending assay • 12,000m of RC and diamond drilling, ironstones & carbonatites • Additional metallurgical testing Additional REE discoveries • Ironstones: Yin extensions, Y2, Y3 • Carbonati
Slide 19: Take Away Message
Take Away Message Strong news flow throughout 2022/2023 For personal use only Mangaroon REE: high-grade, high NdPr, large scale: • Yangibana (Hastings $450m) type ironstones confirmed: Yin, Y2, Y3 – drilling underway • Mt Weld (Lynas $7,500m) style carbonatites to be tested and could be regional
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