Dreadnought Resources Limited · ASX:DRE
Dreadnought Resources — Investor Presentation (June 2019)
24 slides from Dreadnought Resources's investor presentation, Jun 24, 2019
Slide 1: World Class Ni-Cu-Au Opportunity
World Class Ni-Cu-Au Opportunity DISCOVERING CAMP SCALE NICKEL, COPPER AND GOLD SYSTEMS W ITHIN W ESTERN AUSTRALIA JUNE 2019
Slide 2: Disclaimer
Disclaimer Forward Looking Statements ‘This release may include forward looking statements. These forward looking statements are based on management’s expectations and beliefs concerning future events as of the time of the release of this document. Forward looking statements are necessarily subject
Slide 3: Corporate Raising ~$1.3 million
Corporate Raising ~$1.3 million Dreadnought Resources Ltd. Capital Structure Note Price Cash (5) Current Proposed Pro-Forma Fully Paid Ordinary Shares 1 $ - 1,161,041,188 - 1,161,041,188 Placement $0.0030 $ 495,395 - 165,131,627 165,131,627 Share Purchase Plan 3 $0.0030 $ 200,000 - 66,666,667 66,666
Slide 4: Corporate Summary
Corporate Summary Capital Structure (post-offer) ASX Code DRE Shares 1,393M Convertible Notes (10%, @ $0.0055, 19 June 2021) 109M Options – Unlisted (various) 80M Share Price $0.003 Market Capitalisation $4.2M Cash $1.435M Board Top 5 Shareholders (pre offer) Non-Exec Chairman Paul Chapman Paul Chap
Slide 5: Successful and Experienced Board
Successful and Experienced Board Mr Paul Chapman, Non-Executive Chairman B.Comm, ACA, Grad. Dip. Tax, MAICD, MAusIMM Paul is a Chartered Accountant with over thirty years’ experience in the resources sector gained in Australia and the United States. Paul was a founding shareholder/director of the fo
Slide 6: Overview
Overview Dreadnought Resources (ASX:DRE) is focused on discovering camp scale nickel, copper and gold systems within Western Australia by exploring significant landholdings in prospective and underexplored provinces. Tarraji-Yampi Project Unexplored since 1978 with known outcropping mineralisation
Slide 7: Strategy
Strategy DELIVER SIGNIFICANT EFFECTIVE AND EFFICIENT STRONG COMMUNITY AND SHAREHOLDER RETURNS EXPLORATION STAKEHOLDER ENGAGEMENT: • Discover economic Nickel, Copper • Low over-head, textbook exploration • Licence to operate underpins our and Gold deposits in WA focused on discoveries success • Relea
Slide 8: Tarraji-Yampi: Large Scale Ni-Cu-Au Opportunity
Tarraji-Yampi: Large Scale Ni-Cu-Au Opportunity ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 8
Slide 9: Rare Exploration Opportunity
Rare Exploration Opportunity • Outcropping mineralisation • Off limits since 1978 • Multiple untested drill targets • Tier 1 jurisdiction – Western Australia 1956-1959: Last 1978-2013: YSTA significant mineral Defense Reserve exploration at Tarraji “off limits” to undertaken by WMC mineral explorati
Slide 10: Tarraji-Yampi Targets
Tarraji-Yampi Targets Volcanic Massive Sulphides (VMS): • e.g. Golden Grove, DeGrussa, • Hosted within the Marboo formation • Tend to occur as clusters of high grade polymetallic Cu-Zn-Pb-Ag deposits • Chianti – Priority VMS Target Magmatic Nickel Sulphide (Ni$): • e.g. Nova, Nebo Babel, Savannah
Slide 11: Chianti – Priority VMS Drill Target
Chianti – Priority VMS Drill Target Untested FLEM conductors sitting beneath outcropping mineralized gossans and ACM’s 1972 shallow drilling. See ASX announcements: 27 May & 13 June 2019 ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 11
Slide 12: Texas – Priority Ni-Cu-PGE Drill Target
Texas – Priority Ni-Cu-PGE Drill Target Coincident shallow FLEM conductor and intense magnetic anomaly sitting within outcropping Ruins Dolerite. See ASX announcement: 6 June 2019 ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 12
Slide 13: Grants – Priority Cu-Au Drill Target
Grants – Priority Cu-Au Drill Target Multiple outcropping Cu lodes, confirmed at depth by 1950s WMC drilling but were not assayed for gold. See ASX announcement: 11 June 2019 ASX:DRE WWW.DREADNOUGHTRESOURCES.COM.AU 13
Slide 14: Illaara Project – Classic Yilgarn Gold
Illaara Project – Classic Yilgarn Gold Illaara will compliment the highly perspective Tarraji-Yampi Project in the West Kimberley and provide for year round news flow. Consolidated 726 sq km tenement package covering over 75km strike of greenstone belt, underexplored for gold Held by iron-ore ex
Slide 15: Year Round Access and News Flow
Year Round Access and News Flow Established and well maintained infrastructure provides year round access to this highly prospective project in the Yilgarn Craton gold province Project located ~160km NW of Kalgoorlie. Easy project access from Kalgoorlie and Menzies Extensive existing station and
Slide 16: Illaara Geology
Illaara Geology Illaara Greenstone Belt extends for 75km along a north-south strike length: • Neoarchean to Mesoarchean aged greenstone belt comprised of significant quartzite and quartz-rich metasedimentary sequences • Metamorphic grade of the greenstone belt is of greenschist facies in the core,
Slide 17: Project Background
Project Background Early 2000s: Illaara held by iron ore explorers (limited gold exploration) GSWA Survey generates a ~55km long Au-As-Sb anomaly from regional regolith sampling: • Under-explored, upper greenschist to lower amphibolite facies greenstone belt with good potential host rocks (BIF,
Slide 18: Illaara Project Targets
Illaara Project Targets Illaara Central Homestead ◦ Extensive orogenic gold anomaly Conventional Soils Anomaly ◦ Felsic Intrusive hosted Au (e.g. Wallaby / Jupiter) Metzke’s North ◦ Shallow cover has resulted in no previous exploration Northern Extension of Metzke’s Find ◦ Associated with historical
Slide 19: Priority Target: Illaara Central
Priority Target: Illaara Central Major 10km long orogenic gold anomaly: • Strong pathfinder anomalism • Over interpreted intrusion (e.g. Wallaby / Jupiter) • At major structural intersection Heritage survey completed 33kms of drill lines already cleared Initial budget of $225,000 will deliver: •
Slide 20: Simple Transaction – Drill Ready Project
Simple Transaction – Drill Ready Project Acquisition terms include: Reimbursement of external costs to date ($120,000) plus stamp duty 2.5% NSR Assignment of any environmental liabilities (minimal as cleared lines left open for pastoralist) Tenements handed over in good standing, regulatory
Slide 21: Rocky Dam Au and VMS Project
Rocky Dam Au and VMS Project Located 30kms east of Kalgoorlie-Boulder Existing gold anomalies and mineralised structures along strike from Queen Lapage (RGL) and Slate Dam (AAJ) Known VMS occurrences within the highly prospective Gindalbie Domain • Teutonic Bore Neighbors actively exploring alon
Slide 22: Recent and Planned Activities 2019
Recent and Planned Activities 2019 Milestone Status 2019 field program commences at Tarraji-Yampi Complete FLEM survey lights up strong conductors at Chianti WMS Target Complete FLEM shows strong conductor at Texas Ni-Cu-PGE Target Complete High grade Cu-Au rock chip results from Grants IOCG Target
Slide 23: Summary
Summary Tarraji-Yampi: Illaara Greenstone Belt: First mover over multiple outcropping Consolidated 726 sq km tenement package mineralisation systems which have been covering over 75km strike of greenstone belt untouched for over 40 years. and underexplored for gold 2019 drilling targeting: Long
Slide 24: World Class Ni-Cu-Au Opportunity
World Class Ni-Cu-Au Opportunity DISCOVERING CAMP SCALE NICKEL, COPPER AND GOLD SYSTEMS W ITHIN W ESTERN AUSTRALIA ASX:DRE
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