Dreadnought Resources Limited · ASX:DRE

Dreadnought Resources — Investor Presentation (September 2022)

15 slides from Dreadnought Resources's investor presentation, Sep 6, 2022

1. Slide 1: A Minute with Dreadnought Resources - Meet the ASX Treasure Hunters Webinar

   For personal use only H I G H LY A C T I V E W E S T A U S T R A L I A N M I N E R A L E X P L O R E R F O C U S E D O N D I S C O V E RY A MINUTE WITH DREADNOUGHT RESOURCES - MEET THE ASX TREASURE HUNTERS WEBINAR 6 SEPTEMBER 2022

2. 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

3. 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 (06/09/2022) $0.130  High-grade, high NdPr, large scale ironstones similar to Yangibana Shares

4. Slide 4: Mangaroon REE & Au (100%) / 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

5. Slide 5: 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

6. Slide 6: Large Scale, High-Grade, High NdPr

   Mangaroon REE  Large Scale • Outcropping ironstones confirmed: Yin, For personal use only Sabre, Y8 – 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%  Mineralogy Co

7. 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 @

8. 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 ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 8

9. Slide 9: Yin Ironstone – 3kms and Growing

   Mangaroon REE Yin Ironstone – 3kms and Growing For personal use only Thick intercepts over 3km of strike: • Yin remains open in all directions and at depth, significant growth potential ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 9

10. Slide 10: Sabre Discovery (formerly Y3)

    Mangaroon REE Sabre Discovery (formally Y3) For personal use only New discovery : • Y3 had very limited outcrop, requiring wide spaced fence line drilling to determine location and orientation of ironstone lodes • Parallel lodes intersected in wide spaced first pass drilling Underscores scale potent

11. Slide 11: 2022 Drilling

    2022 Drilling For personal use only Discovery and JORC Resource drilling for 2022/2023 1. Ironstone discovery drilling: • Yin - Complete • Sabre – Underway • Y8 – September 2022 • Yin Extensions – 2022 2. Carbonatite discovery drilling • C1-C5 – September 2022 • EIS co-funded • C6, C7 – 2022/2023 3.

12. Slide 12: Carbonatite Model

    Mangaroon REE Carbonatite Model For personal use only ASX.HAS *Over a decade of exploration Yangibana West (REE Ironstones) Yangibana Bald Hill Simon’s Find Yangibana South (REE Ironstones) C1 ASX.LNR Yin Auer Lyon 12 Fraser’s C2-5 (REE Carbonatite Plugs) Sabre Lyon 11 Y8 Y42 C7 ASX.DRE *Tip of the

13. Slide 13: Further Upside

    Yin Further Upside For personal use only 43,000-line km survey has identified over 140 anomalies identified to date Sabre • 40 anomalies inspected: New • 22 mineralised targets Targets • 3 undercover targets • 15 un-prospective • 100 targets to be inspected: • This work will define additional drill

14. Slide 14: 2022 Catalysts – Driven by Discovery

    2022 Catalysts – Driven by Discovery Nelson Orion Sabre For personal use only Steady news flow from Mangaroon REE drilling – Ongoing • >4,000 samples pending assay • 25,000m of RC and diamond drilling at the ironstones & carbonatites • Additional metallurgical testing Additional REE discoveries – In

15. Slide 15: 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 $550m) type ironstones confirmed: Yin, Sabre – drilling underway • Mt Weld (Lynas $7,500m) and Mountain Pass (MP $8,500m) style carbonatites to b

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