Dreadnought Resources Limited · ASX:DRE
Dreadnought Resources — Diggers and Dealers Conference 2023
18 slides from Dreadnought Resources's conference presentation, Aug 8, 2023
Slide 1: Finding the Metals for Our Future
For personal use only Finding the Metals for Our Future DIGGERS AND DEALERS CONFERENCE 8 AUGUST 2023 ASX:DRE dreadnoughtresources.com.au
Slide 2: Disclaimer
Disclaimer Refer to Dreadnought announcements for JORC Table 1 and Table 2 for results and This presentation has been prepared by Dreadnought Resources Limited should obtain independent professional advice before making any decision based information contained in this presentation. (Dreadnought or t
Slide 3: Discoveries are made by Juniors
Discoveries are made by Juniors For personal use only Between 2012-21 Junior Companies accounted for 45% of expenditure, and 73% of Discoveries in Australia MinEx Consulting 14 June 2023: Outlook for the Australian Junior Sector
Slide 4: The DREam Team
For personal use only The DREam Team
Slide 5: Company Snapshot
Company Snapshot Capital Structure ASX Code DRE For personal use only Share Price (07/08/2023) $0.052 Shares on Issue 3,342M Market Cap $173.7M Cash (30/06/2023) ~$11.7M Unlisted Securities (various strike prices) 74.7M Liquidity (90-day average) ~$0.5M / day Board and Management Cash Investment ~$5
Slide 6: Central Yilgarn Ni-Cu-Au (Li)
Central Yilgarn Ni-Cu-Au (Li) For personal use only Why are we here? • Bermuda triangle of the Yilgarn • No tracks, no water, no support = no prospecting • Consolidated 200 strike kilometers of greenstone belt Nelson Cu-Pb-Zn 2022 The Opportunity • Nickel – Forrestania / Lake Johnston analogue • Lit
Slide 7: Tarraji-Yampi Cu-Ag-Au-Co
Tarraji-Yampi Cu-Ag-Au-Co For personal use only Why are we here? • Off-limits to exploration since 1978 • Mineralisation sticking out of the ground The Opportunity WMC’s David Barr (L) & Roy • Cloncurry / Tennant Creek in WA Woodall (R) at Tarraji 1950s • High Grade Cu-Ag-Au-Co • Unexplored, no mode
Slide 8: Tarraji-Yampi Cu-Ag-Au-Co: Orion Discovery
Tarraji-Yampi Cu-Ag-Au-Co For personal use only 2021 Orion Discovery • KMRC022: 16m @ 2.2% Cu, 38.7gt Ag, 6.6g/t Au, 0.4% Co • Confirmed over 250m strike, to a depth of ~150m • Geophysics shows it down to 500m Orion Discovery 2021 Shallow Cover • Black plain soils only 1-9m thick • Auger geochemistr
Slide 9: Mangaroon Project
Mangaroon Project Rare Earths - Niobium: (100%) For personal use only • Ironstones: high-grade, high NdPr, de-risked metallurgy • Carbonatites: Multiple pulses of high-grade Rare Earths, Niobium, Phosphate, Titanium and Scandium Gold: (100%) • Historical high-grade gold mined by pastoralists and pro
Slide 10: Mangaroon Ni-Cu-PGE (FQM Earn-In)
Mangaroon Ni-Cu-PGE (FQM Earn-In) For personal use only Money Intrusion • 50km long, outcropping mafic-ultramafic intrusion • High tenor blebby Ni-Cu-Co-PGE Sulphides FQM Earn-In • FQM to spend $12M to earn an initial 51% and addition 19% upon a decision to Mine Next Steps • 5 strong conductors iden
Slide 11: Mangaroon Rare Earths – Yin Ironstones
Mangaroon Rare Earths – Yin Ironstones High NdPr:TREO Ratios • Region contains the highest NdPr:TREO ratios in the For personal use only world: 28-31% NdPr:TREO ratio Metallurgy Confirmed • Region contains some of the highest rare earth recoveries in the world • 15.31% Nd2O3 + Pr6O11 with 92.8% reco
Slide 12: Recovery and NdPr:TREO Impact on Grades
Recovery and NdPr:TREO Impact on Grades Recoverable Nd+Pr Grade of Global Deposits Mineral Concentrate Grades of Australian, Canadian and American LREE Projects For personal use only 0.90% 12% 70% 0.80% 0.70% 60% 10% 0.60% 0.50% 50% 8% 0.40% 40% 0.30% 6% 0.20% 30% 0.10% 4% 20% 0.00% 2% 10% 0% 0% Yan
Slide 13: C1-C5 Carbonatites
CI-C5 Carbonatites Large Scale Potential • Multiple carbonatite intrusions identified For personal use only • Bulk tonnage with near surface supergene enrichment Multiple Critical Metals • Rare Earths • Niobium • Phosphate • Titanium • Scandium First pass work only just commenced • ~30% of wide spac
Slide 14: Mangaroon Gold
Mangaroon Gold For personal use only Star of Mangaroon • Mined by Pastoralists 1960s • MA10: 4m @ 26.0g/t Au from 9m • SMC07: 4m @ 18.7 g/t Au from 8m • 7m @ 14.3 g/t Au from 21m 14km long mineralised shear zone • Dozens of historical workings • No historical drilling, no modern exploration The Oppo
Slide 15: Bresnahan HREEs, Au-Ag-Sb
Bresnahan HREEs, Au-Ag-Sb For personal use only The Opportunity • Conceptual HREE Play • Similar to Northern Minerals Brown’s Range Next Steps • Detailed Mag/Rad recently flown • Mapping, rock chipping and stream sediment sampling – September 2023 • Define targets for drilling in 2024 ASX:DRE 8 AUGU
Slide 16: Take Away Message
Take Away Message Strong news flow throughout 2023 • Average >1 ASX announcement / week Track record of delivering discoveries For personal use only • Yin REE ironstone • C3 and C5 REE-Nb carbonatites • Sabre/Y8 REE ironstones • Orion Cu-Ag-Au-Co massive sulphide • Metzke’s and Longmore’s gold Poise
Slide 17: Dreadnought Resources Ltd
For personal use only ASX:DRE Dreadnought Resources Ltd +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court, Osborne Park WA 6017 dreadnoughtresources.com.au
Slide 18: References: Global REE Deposits
References: Global REE Deposits Yangibana: ASX:HAS 28 November 2017. “Successful Completion of Yangibana Definitive Feasibility Study” Tardiff/Nechalacho: ASX:VML 23 June 2021 “Vital’s Metallurgical Testwork at Tardiff Returns Positive Results fort Stage 2 Operations” For personal use only Longonjo:
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