Dreadnought Resources Limited · ASX:DRE
Dreadnought Resources — RIU Resurgence Conference 2022
17 slides from Dreadnought Resources's conference presentation, Nov 23, 2022
Slide 1: Finding the Metals for Our Future
For personal use only FINDING THE METALS FOR OUR FUTURE RIU RESURGENCE CONFERENCE NOVEMBER 2022
Slide 2: Disclaimer
This presentation has been prepared by Dreadnought Resources Limited (Dreadnought or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presenta
Slide 3: Company Snapshot
Company Snapshot Capital Structure For personal use only ~$3.3M invested by board and management ASX Code DRE $0.16 Yin, Sabre, Y8 Share Price (22/11/2022) $0.094 >85% money in the ground REE Discoveries Shares on Issue 3,074M $0.14 ~1 ASX announcement / week Market Cap (diluted) $296.5M Cash (30/09
Slide 4: Mangaroon REE & Au and Ni-Cu-PGE
For personal use only Mangaroon REE & Au (100%) Mangaroon Ni-Cu-PGE (FQM Earn-In) ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 4
Slide 5: Project Opportunity
Mangaroon Project Opportunity: For personal use only REE: Ironstones & Carbonatites (100%) • 25km to Hastings Yangibana REE Project, 27.4Mt @ 0.97% TREO (0.33% NdPr) • Ironstones: high-grade, high NdPr, similar to Hastings (~$450m) • Carbonatites: possible Mt Weld style (Lynas ~$8,000m), Mountain Pa
Slide 6: Scale – Grade
Mangaroon REE Scale – Grade For personal use only 30kms of ironstones - 7 carbonatite intrusions Thickest and highest-grade intercepts from the region ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU WWW.DREADNOUGHTRESOURCES.COM.AU 66
Slide 7: Minerology – Metallurgy
Mangaroon REE Minerology – Metallurgy For personal use only Monazite Monazite High quality concentrate from preliminary work: 12.3% Nd2O3 / 40% TREO with 92.8% recovery – Significant metallurgical study underway ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU WWW.DREADNOUGHTRESOURCES.COM.AU 77
Slide 8: NdPr:TREO Ratio
Mangaroon REE NdPr:TREO Ratio For personal use only Gifford Creek Ferrocarbonatite Complex produces some of the highest NdPr:TREO ratios in the world: ~31% NdPr:TREO average to date ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU WWW.DREADNOUGHTRESOURCES.COM.AU 8 8
Slide 9: Carbonatite Systems
Mangaroon REE Carbonatite Systems For personal use only ~1km Ngualla- Tanzania Mountain Pass - USA Mt Weld - Australia ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU WWW.DREADNOUGHTRESOURCES.COM.AU 99
Slide 10: Carbonatite Footprints Simplified
Mangaroon REE Carbonatite Footprints Simplified For personal use only C6 Sulphide Queen MP Materials C1 30.4Mt @ 6.36% TREO ? *16 February 2022 SEC Technical Report Summary – Mountain Pass Mine ? Ngualla C2-5 + Extension Peak Rare Earths 214.4Mt @ 2.15% TREO *24 October 2022 Completion of Ngualla BF
Slide 11: Carbonatite First Pass Drilling Program
Mangaroon REE Carbonatite First Pass Drilling Program For personal use only C6 Sulphide Queen Undrilled MP Materials C1 30.4Mt @ 6.36% TREO ? *16 February 2022 SEC Technical Report Summary – Mountain Pass Mine Ngualla C2-5 + Extension Peak Rare Earths 214.4Mt @ 2.15% TREO *24 October 2022 Completion
Slide 12: First Pass Results
Mangaroon REE First Pass Results For personal use only C6 Sulphide Queen Undrilled MP Materials C1 30.4Mt @ 6.36% TREO Partially drilled ? *16 February 2022 SEC Technical Report Summary – Mountain Pass Mine Ngualla C2-5 + Extension Peak Rare Earths Partially drilled 214.4Mt @ 2.15% TREO *24 October
Slide 13: C3 REE-Nb-P Mineralised Area
Mangaroon REE C3 REE-Nb-P Mineralised Area For personal use only ~600m x 550m Hole ID From (m) To (m) Interval (m) CBRC023 11 42 31 CBRC025 1 45 (EOH) 44 CBRC027 7 40 33 CBRC028 17 41 24 CBRC029 3 75 (EOH) 72 CBRC030 2 99 (EOH) 97 CBRC031 14 27 13 CBRC032 7 81 (EOH) 74 CBRC033 7 84 77 Multi-Metal Po
Slide 14: Significant Upside Potential – C6
Mangaroon REE Significant Upside Potential – C6 For personal use only C1-5 Mick Well (KFM) C6 Yin Yang Mt Weld C6 C6 Magnetics C6 Gravity Government magnetics (low resolution) (high resolution) ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU WWW.DREADNOUGHTRESOURCES.COM.AU 14
Slide 15: Rare Earth Timeline
Mangaroon Rare Earth Timeline For personal use only 2022 December Quarter 2023 March Quarter 2023 June Quarter 2023 September Quarter Remaining Yin assays Yin Resource – 3 of 16 strike kms Sabre / Y8 assays First carbonatite assays New targets Carbonatite assays Yin assays Recommencement of RC and d
Slide 16: Catalysts – Driven by Discovery, Delivering Resources
6 Month Catalysts – Driven by discovery, delivering resources Nelson Orion Sabre For personal use only Steady news flow from Mangaroon REE drilling • Assay results from Yin, Sabre, Y8, C1-C5 December-March 2023 • Recommence drilling in February/March 2023 Additional REE discoveries • Carbonatites: C
Slide 17: Take Away Message
Take Away Message Strong news flow throughout 2022/2023 For personal use only Mangaroon REE: • Yin Initial resource: Dec 2022 • C1-C5 discovery drilling: Ongoing • Yin metallurgical work: March/April 2023 • Additional discovery and resource drilling Mangaroon Ni-Cu-PGE (FQM Earn in): • Ongoing
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