Dreadnought Resources Limited · ASX:DRE
Dreadnought Resources — Corporate Update (April 2021)
21 slides from Dreadnought Resources's corporate update, Apr 30, 2021
Slide 1: March 2021 Quarterly Presentation
H IG H LY AC T IVE W EST AU ST R AL IAN F O C U SED G O L D AN D BASE M ETAL EXPL O R ER M A R C H 2 0 2 1 Q U A R T ERLY PR ESEN TAT ION
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements. When used in this document, the words such as “could”, “plan”, “estimate”, Refer to Dreadnought announcements for JORC Table 1 and Table 2 for results and information contained in this presentation. “expect”, “intend”, “may”, “potenti
Slide 3: Company Snapshot
Company Snapshot Capital Structure Illaara Gold-VMS-Iron Ore Project (100%) ASX Code DRE Consolidated 880km2 landholding covering 75km strike of the Illaara greenstone belt Share Price (29/04/2021) $0.021 Acquired from Newmont, limited gold and base metal exploration since the Shares on Issue 2,
Slide 4: March Quarter 2021 Performance
March Quarter 2021 Performance *1 $600k Convertible Note *2 *2 *2 ~$25k / month going forward *1 *1 *Values rounded *$3,500,000 raised subsequently to the end of the quarter ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 4
Slide 5: 2021 Work Plan
2021 Work Plan Target Generation Target Definition Target Testing Target Evaluation Resource Fuso Texas Wombarella Rufina Paul’s Chianti North Find Ni-Cu- South Orion Lambrusco Barolo Kimberley PGE Kimberley Amarone Amarone Rufina South North South Cu-Zn-Pb Western VMS Bald Hill Black Longmore’s Eas
Slide 6: Illaara Gold-Copper-Iron Ore Project
Illaara Gold-Copper-Iron Ore Project ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 6
Slide 7: Yilgarn Projects
Yilgarn Projects Illaara Au-Cu-Iron Ore Project Initially acquired from Newmont and through subsequent deals have consolidated ~75km strike of underexplored greenstone belt First significant gold and base metal exploration since the 1980s and 1990s. Previously held by iron ore explorers. Activ
Slide 8: Illaara Project Gold-VMS-Iron Ore Targets
Illaara Project Gold-VMS-Iron Ore Targets Metzke’s Corridor (12km strike) • High grade gold confirmed and recently drilled at Metzke’s Find, Longmore’s Find, Black Oak, Bald Hill and Little Dove - assays expected May 2021 • Potential to host multiple high grade gold deposits Lawrence’s Corridor (10k
Slide 9: Metzke's Corridor
Metzke’s Corridor Metzke’s Find • MZRC016: 3m @ 21.0g/t Au from 85m MZRC019: 2m @ 39.2g/t Au from 45m • MZRC017: 7m @ 7.5g/t Au from 51m MZRC022: 2m @ 20.7g/t Au from 19m Longmore’s Find • LMRC005: 1m @ 100g/t Au from 55m Black Oak • Thick oxide mineralisation associated with a sheared sedimen
Slide 10: Lawrence's Corridor
Lawrence’s Corridor Large coherent gold in soil anomalies, the largest defined to date at Illaara, situated over a major structural corridor wrapping around an internal granitic intrusion Strong As, Ag, Bi, Cu, Hg, Te, Tl, W pathfinder association 14 drill targets defined and recently drilled
Slide 11: Iron Ore
Iron Ore Illaara contains significant iron ore potential which was explored by Portman Iron and then Cleveland Cliffs from 2008-2013: • High iron and low phosphorus grades compared with regional players • Same geology as the high iron, low phosphorus Mt Richardson development • Contains a ~75km lo
Slide 12: Tarraji-Yampi Ni-Cu-PGE & Gold Project
Tarraji-Yampi Ni-Cu-PGE & Gold Project ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 12
Slide 13: Rare Exploration Opportunity
Rare Exploration Opportunity • Outcropping mineralisation • Off limits since 1978 • First movers within the YSTA • Multiple targets ready for drilling – May/June 2021 1956-1959: Last 1978-2013: YSTA significant mineral Defense Reserve exploration at Tarraji “off limits” to undertaken by WMC mineral
Slide 14: Tarraji-Yampi
Tarraji-Yampi Located just 80kms from the port of Derby and entirely within the Yampi Sound Training Area – unexplored since 1978 Multiple drill ready targets - drilling to commence May/June 2021 Ni-Cu-PGE Targets: Texas and Orion • Multiple coincident magnetic and EM anomalies • Similar style
Slide 15: Texas and Orion Ni-Cu-PGE Target
Texas and Orion Ni-Cu-PGE Target Coincident EM conductors and intense magnetic anomalies sitting within outcropping Ruins Dolerite Opportunity: High grade Ni-Cu-PGE massive sulphide – RC and diamond drilling planned for May / June 2021 ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 15
Slide 16: 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 Paul’s Find Fuso Examples of coincident magnetic (top) and gravity (middle) and the resultant inversion modelled bodies (bottom) from Brumby and Ernest
Slide 17: Chianti-Rufina: 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, RC drilling planned for June 2021 (EIS co-funded) AS
Slide 18: Mangaroon Ni-Cu-PGE & Au Project
Mangaroon Ni-Cu-PGE & Au Project ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 18
Slide 19: Proterozoic Mobile Belts: Large Scale Ni-Cu-Au Opportunities
Proterozoic Mobile Belts: Large Scale Ni-Cu-Au Opportunities Proterozoic mobile belts are attractive geological provinces with the potential to host world class deposits across a range of commodities Mangaroon compliments the Kimberley within Dreadnought’s project portfolio • Both have potential
Slide 20: Mangaroon Ni-Cu-PGE and Au Project
Mangaroon Ni-Cu-PGE and Au Project Ni-Cu-PGE: The Money Intrusion • 50km long, outcropping mafic/ultramafic intrusion with high tenor blebby Cu-Ni-PGE bearing sulphides • Detailed airborne magnetics and first pass soil survey underway • Aim to have drill targets defined August/September 2021 • Ful
Slide 21: Take Away Message
Take Away Message Strong news flow: >20 drill ready targets to be tested in 2021 Kimberley and Mangaroon: first mover with potential for major Cu, Au and Ni deposits Illaara: Consolidated 75km long underexplored greenstone belt with early exploration success Experienced management team with
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