Dreadnought Resources Limited · ASX:DRE
Dreadnought Resources — Q3 2024 Earnings Presentation
22 slides from Dreadnought Resources's earnings presentation, Oct 31, 2024
Slide 1: Finding the Metals for Our Future
Finding the Metals for Our Future September Quar terly Presentation 31 October 2024 ASX:DRE ASX:DRE 1
Slide 2: Disclaimer
Disclaimer Refer to Dreadnought announcements for JORC Table 1 and Table 2 for results and information contained in 16 October 2023 100m Thick Rare Earth Intercepts from Yin from acting in reliance on this presentation, or any information, opinions or this presentation. 30 November 2023 Large, High
Slide 3: Board and Management with Skin in the Game
Board and Management with Skin in the Game Paul Chapman Dean Tuck Phillip Crutchfield Robert Gee Jessamyn Lyons Debbie Fullarton Matt Crowe Non-Exec Chairman Managing Director Non-Exec Director Non-Exec Director Company Secretary CFO COO • Chartered accountant • Experienced geologist • Prominent and
Slide 4: Dreadnought Resources Snapshot
Dreadnought Resources Snapshot Capital Structure ASX Code DRE Share Price (30/10/2024) $0.015 Highly active West Australian Shares on Issue 3,752M mineral explorer focused on Market Cap ~$56.3M discovering the metals Cash (30/9/2024 + R&D Rebate + receivables) ~$2.6M needed for our future Unlisted S
Slide 5: Strategy and Focus
Strategy and Focus For the remainder of 2024 ASX:DRE
Slide 6: Strategy and Focus
Strategy and Focus 1. Transform into a self-funded explorer: • High-grade open pit at Star of Mangaroon • Outsource funding, development, haulage & processing to third parties • Extend concept to Popeye, Two Peaks, Lead, Pritchard Well etc 2. Progress Gifford Creek Carbonatite to commercial assessme
Slide 7: Transform to Self Funded Explorer
Transform to Self Funded Explorer Near term development and commercialisation at the Star of Mangaroon ASX:DRE
Slide 8: Gold Commercialisation Strategy
Gold Commercialisation Strategy Transform into self-funded explorer • Star of Mangaroon is a high grade, at surface, opportunity • Camp scale potential with 5 historical mines and multiple gold workings along structural corridors • Paulsens mill within trucking distance • 300kms by road, same as Viv
Slide 9: Star of Mangaroon: High-Grade Open Pit Potential
Star of Mangaroon High-Grade Open Pit Potential • Discovered and mined by Pastoralists in the 1960s • Limited exploration in the 1980s/1990s • MA10: 4m @ 26.0g/t Au fr 9m • SMC07: 4m @ 18.7 g/t Au fr 8m • Recent drilling by Dreadnought includes: • SOMRC004: 2m @ 59.0 g/t Au fr 16m • SOMRC005: 7m @ 2
Slide 10: Star of Mangaroon – Exploration Upside
Star of Mangaroon – Exploration Upside Popeye – On the SoM Mining Lease • No deep drilling, and no drilling along the mineralised trend including at the historically mined Popeye. • Popeye shaft started as water supply for Star of Mangaroon, went straight down a mineralised vein with rock chips retu
Slide 11: Historical Workings – Pipeline of Opportunities
Historical Workings – Pipeline of Opportunities Build on Star of Mangaroon Commercialisation • 5 Granted Mining Leases • Represent additional near term production opportunities • More shafts and workings discovered every month as we explore boots on ground • Most with no or limited historical drilli
Slide 12: Gifford Creek Carbonatite
Gifford Creek Carbonatite S i g n i f i c a n t C r i t i c a l M e t a l ( N b - R E E - P - T i - S c ) Po t e n t i a l DRE: 100% Ownership ASX:DRE
Slide 13: Gifford Creek Nb-REE Carbonatite
Gifford Creek Nb-REE Carbonatite Proven Niobium Mineralisation • Best Nb drill intercepts outside the Arunta, closer to existing and shared infrastructure. • Multiple zones of mineralisation already identified. • Coarse grained pyrochlore confirmed in drilling – critical for metallurgical recoveries
Slide 14: Gifford Creek Nb-REE Carbonatite
Gifford Creek Nb-REE Carbonatite Saprolite Mineralisation • Blanket of thick near surface secondary / residual mineralisation • Tends to mushroom out from primary mineralisation • Target of wide spaced first pass drilling • Recent drilling intercepts include: • CBRC195: 130m @ 0.7% Nb2O5 from 71m, i
Slide 15: Discovery
Discovery Fill the pipeline with targets in an unexplored region ASX:DRE
Slide 16: First Modern Exploration – Pathway to Discovery
First Modern Exploration – Pathway to Discovery Star of Mangaroon Camp Scale Prospect • Expanding 15km x 10km camp scale opportunity • First modern exploration within this consolidated field has already yielded over a dozen new targets including Tiger, which is a stronger and larger anomaly than the
Slide 17: Tiger Cu-Au-Zn-Ag
Tiger Cu-Au-Zn-Ag Tiger Cu-Au-Zn-Ag VMS • Identified during first ever surface sampling programs • 500m strike and high tenor outcropping gossans • Drilling recently struck significant mineralisation including: • TIGERC003: 12m @ 3.6% Zn, 0.5% Cu, 0.4% Pb, 13.4g/t Ag, and 0.1g/t Au fr 31m including
Slide 18: Streamlining the Portfolio
Streamlining the Portfolio C o m m e r c i a l i s a t i o n o f p o r t f o l i o & d i s c ov e r y funded by third par ties ASX:DRE
Slide 19: Other Projects
Other Projects Mangaroon REEs (100%) ➢ Minimise cost and maximise readiness for REE turnaround ➢ Resource of 29.98Mt @ 1.04% TREO cover ~10% of ironstones ➢ Higher NdPr to total rare earth oxides ratio than most REE deposits and >50% higher than the global average Mangaroon Ni-Cu-PGE (100%) ➢ Confir
Slide 20: Work Plan Summary
Work Plan Summary Oct Nov Dec-Jan Feb Mar Gold Development Strategy - Assays, Resource, Studies Gifford Creek Carbonatite - Mineralogy, Internal Studies Discovery - Target Generation and Definition Commercialisation Major Catalysts and Upcoming News flow • November: Results from diamond drilling at
Slide 21: Take Away Message
Take Away Message Near term high-grade gold commercialisation strategy • Transform to self-funded explorer Exposure and leverage to critical metal optionality Poised to deliver additional discoveries • Mangaroon gold (100%) • Mangaroon base metals (100%) • Gifford Creek Carbonatite (100%) Track reco
Slide 22: Finding the Metals for Our Future
Finding the Metals for Our Future ASX:DRE Dreadnought Resources Ltd +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court, Osborne Park WA 6017 Sign up to our Investor Hub dreadnoughtresources.com.au to receive the latest news, updates and announcements.
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