Announcement PDF Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au ASX:DRE Dreadnought Resources Ltd 1 ASX ANNOUNCEMENT 10 October 2025 Not for release to US wire services or distribution in the United States Successful $18m Capital Raising – Finding More Gold, Faster HIGHLIGHTS • Firm commitments received for ~$18 million (before costs) at an issue price of $0.035 per share (Placement). • In addition, Director participation of ~$0.6 million, subject to shareholder approval at the Annual General Meeting in late November 2025. This brings the total cash invested by Directors in the Company to approximately $7.7 million. • Black Cat Syndicate Limited (ASX:BC8) maintained their holding percentage through participation in Placement pro-rata and contributed $0.67 million (a total investment of $2.67 million). Dreadnought Resources Ltd (“Dreadnought”) is pleased to announce it has received firm commitments for a Placement to raise $18 million at $0.035 per share. Dreadnought’s Managing Director, Dean Tuck, commented: “We are delighted with the support for the Placement, including Black Cat, and welcome a number of new professional and sophisticated investors to the register. Funds raised from the Placement will allow us to accelerate exploration in the Yilgarn region, complete underground and new target drilling at Star of Mangaroon and advance exploration including critical minerals drilling. We are excited by the scale of the prospectivity of our assets and look forward to updating the market on our progress.” Offer Details The Company has received firm commitments for a $18 million Placement to sophisticated and professional investors. In addition, the Directors have committed to $0.6 million in participation which is subject to shareholder approval at the Company’s Annual General Meeting in late November 2025. The Offer Price of $0.035 per share represents a 16.5% discount to the last closing price, a 4.1% discount to the 15- day volume weighted average trading price and a 2.9% premium to the 20-day volume weighted average trading price to 7 October 2025. Petra Capital Pty Ltd acted as Sole Lead Manager and Sole Bookrunner to the Placement. A total of 531,714,293 shares are expected to be issued under the Placement as follows: • 6,335,714 under ASX Listing Rule 7.1; • 507,949,999 under ASX Listing Rule 7.1A; and • 17,428,580 shares issued Directors, subject to shareholder approval at the Annual General Meeting in November 2025. The Placement is expected to settle on 15 October 25 and shares issued on or around 16 October 2025. Figure 1: Image of the drill rig at Cullen’s Find with Shmah Hill in the background. Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au ASX:DRE Dreadnought Resources Ltd 2 Proforma Capital Structure Fully Paid Ordinary Shares - current 5,079,500,000 Fully Paid Ordinary Shares - post tranche 2 5,611,214,293 Unquoted Securities Options @ $0.1575 expiring 16/12/2025 853,098 Options @ $0.12 expiring 02/03/2026 1,223,151 Options @ $0.075 expiring 14/06/2026 1,899,680 Options @ $0.0225 expiring 29/11/2028 3,771,176 Options @ $0.024 expiring 28/02/2029 3,561,666 Options @ $0.018 expiring 30/05/2029 4,713,971 Options @ $0.018 expiring 28/08/2029 4,721,029 Performance Rights expiring 31/12/2025 38,037,500 Performance Rights expiring 31/12/2026 15,100,000 Performance Rights expiring 31/12/2027 15,100,000 Timetable Timetable Placement Tranche 1 Settlement Date 15 October 25 Placement Tranche 1 Allotment Date 16 October 25 Annual General Meeting 28 November 25 Placement Tranche Two Settlement Date 4 December 25 Placement Tranche Two Allotment Date 5 December 25 The timetable is indicative only and may be subject to change at the sole discretion of the Company in consultation with the Lead Manager, subject to compliance with the ASX Listing Rules and Corporations Act. You should also consider signing up to our Investor Hub for a more interactive experience https://dreadnoughtresources.com.au/auth/signup and to become part of the Dreadnought Resources journey. ~Ends~ For further information please contact: Dean Tuck Jessamyn Lyons Managing Director Company Secretary Dreadnought Resources Limited Dreadnought Resources Limited E: dtuck@dreres.com.au E: jlyons@dreres.com.au This announcement is authorised for release to the ASX by the Board of Dreadnought.