Dreadnought Resources Limited · ASX:DRE
Dreadnought Resources — Corporate Update (January 2021)
23 slides from Dreadnought Resources's corporate update, Jan 29, 2021
Slide 1: Highly Active West Australian Focused Gold and Base Metal Explorer
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 Q U A R T ER LY U PD AT E 2 9 J A N U A RY 2 0 2 1
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements. When used in this document, the words such as “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should”, and similar expressions are forward-looking statements. Although Dreadnought Resources Limited (“Dreadnought”
Slide 3: Company Snapshot
Company Snapshot Capital Structure Illaara Gold-VMS-Iron Ore Project (100%) ASX Code DRE Consolidated 880km2 landholding covering 75 strike kms of the Illaara greenstone belt Share Price (27/01/2021) $0.022 Acquired from Newmont, limited gold and base metal exploration since the Shares on Issue
Slide 4: September 2020 Performance
September 2020 Performance *1 $600k Convertible Note *2 *2 *2 ~$25k / month going forward *1 *1 *Values rounded ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 4
Slide 5: Strategy
Strategy DELIVER SIGNIFICANT EFFECTIVE AND EFFICIENT STRONG COMMUNITY AND SHAREHOLDER RETURNS EXPLORATION STAKEHOLDER ENGAGEMENT • Discover economic gold and base • Low over-head, textbook exploration • Licence to operate underpins our metal deposits in Western Australia focused on discoveries succe
Slide 6: Yilgarn Gold-VMS Projects
Yilgarn Gold-VMS Projects • Illaara • Rocky Dam ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 6
Slide 7: Yilgarn Projects
Yilgarn Projects Illaara Gold – VMS – 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
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 currently being drilled at Metzke’s Find and Longmore’s Find • Potential to host multiple high grade gold deposits Central Illaara Corridor (10km strike) • Target definition work ongoing Lawrenc
Slide 9: Metzke's Find: Gold
Metzke’s Find: Gold 1,115m of RC and diamond drilling completed; assays expected February 2021 *See ASX announcement 17 July 2020, 13 July 2020 and 19 March 2020 ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 9
Slide 10: Longmore's Find
Longmore’s Find Two drilling programs have been completed at Longmore’s Find with significant results including: LMRC005: 1m @ 100 g/t Au from 56m LMRC014: 1m @ 5.8 g/t Au from 49m LMRC025: 1m @ 5.7 g/t Au from 66m A diamond twin of LMRC005 showed multiple quartz-sulphide veins in two main
Slide 11: Metzke's South
Metzke’s South First pass RC fence line drilling was completed, 20 holes for 1,620m. Drilling was designed to test the ~1.2 km long gold in soil anomaly extending south from Metzke’s Find and a ~1.5km long gold-in-soil anomaly identified along a splay lode to the southwest with associated pathfi
Slide 12: Metzke's Corridor: Gold
Metzke’s Corridor: Gold 12km long gold corridor with classic orogenic gold pathfinder anomalism identified through wide spaced and infill soil sampling No historical work along strike of Metzke’s Find Multiple discreet gold-in-soil anomalies • Longmore’s Find: LMRC005: 1m @ 100g/t Au • Black O
Slide 13: Iron Ore
Iron Ore Illaara contains significant iron ore potential which was briefly 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
Slide 14: Kimberley Ni-Cu-Au Projects
Kimberley Ni-Cu-Au Projects • Tarraji-Yampi • West Kimberley • South Kimberley ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 14
Slide 15: Rare Exploration Opportunity
Rare Exploration Opportunity • Outcropping mineralisation • Off limits since 1978 • Multiple untested drill targets • Tier 1 jurisdiction – Western Australia 1956-1959: Last 1978-2013: YSTA significant mineral Defense Reserve exploration at Tarraji “off limits” to undertaken by WMC mineral explorati
Slide 16: The West Kimberley
The West Kimberley ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 16
Slide 17: Texas and Orion Ni-Cu-PGE Target
Texas and Orion Ni-Cu-PGE Target Coincident EM conductors and intense magnetic anomaly sitting within outcropping Ruins Dolerite Opportunity: High grade Ni-Cu-PGE massive sulphide – RC and diamond drilling planned for mid-2021 ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 17
Slide 18: 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 19: Chianti-Rufina: 7 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 mid-2021 (EIS Co-funded) ASX
Slide 20: Mangaroon Ni-Cu-PGE and Au Project
Mangaroon Ni-Cu-PGE and Au Project ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 20
Slide 21: 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 22: Mangaroon Ni-Cu-PGE and Au Project
Mangaroon Ni-Cu-PGE and Au Project Coarse grained mafic intrusion showing high tenor three phase disseminated and blebby sulphides comprised of chalcopyrite, pentlandite and pyrrhotite Opportunity: Outcropping fertile Ni-Cu-PGE system and unexplored high-grade Au – Target generation commencing Febru
Slide 23: Take Away Message
Take Away Message Active explorer putting money in the ground and news flow into the market 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 Rocky Dam: Shallow min
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