Announcement PDF Transitioning to SelfFunded Explorer AG M C o r p o r a t e P r e s e n t a t i o n 28 November 2024 ASX:DRE ASX:DRE 1 Disclaimer Refer to Dreadnought announcements for JORC Table 1 and Table 2 for results and information contained in this presentation. Central Yilgarn Project 27 April 2021 Illaara Update and Regional Target Generation 31 May 2021 Drilling Results – Illaara Au-Cu-Iron Ore Project 7 July 2021 High-Grade Tantalum Results from Peggy Sue – Illaara Project 1 August 2022 Completion of Acquisition – Central Yilgarn Project 1 November 2022 Successful Drill Results Across Multiple Metals 27 April 2022 Initial High-Grade Resource at Metzke’s Find 8 February 2024 Seven Camp Scale Gold Prospects at Central Yilgarn ASX:DRE Kimberley Project 25 August 2021 27 August 2021 15 November 2021 8 December 2021 22 June 2022 20 June 2023 RC Results from Orion, Grant’s Find & Fuso Indicate Large Cu-u-Ag-Co System Bonanza Grade Cu-Ag-Sb-Bi Mineralisation at rough Triangle High-Grade Cu-Ag-Au-Co Discovery at Orion Further High-Grade Cu-Ag-Au-Co-Zn Orion Discovery Orion Auger Program – Taraji-Yampi Project Highly Conductive Anomalies Enhance Orion Look-Alikes– Taraji-Yampi Project Mangaroon Project 7 April 2021 16 July 2021 19 July 2021 1 September 2021 9 September 2021 2 February 2022 14 February 2022 16 June 2022 28 July 2022 5 September 2022 12 October 2022 17 October 2022 24 October 2022 10 November 2022 21 November 2022 28 December 2022 24 January 2023 27 January 2023 13 February 2023 13 March 2023 3 April 2023 29 May 2023 6 June 2023 13 June 2023 5 July 2023 10 July 2023 13 September 2023 2 October 2023 Option/JV Agreement Signed with Global Base Metal Miner ~1km Long Gossanous Ni-Cu-PGE Outcrop at Mangaroon High-Grade REE Ironstones Confirmed Over 2.5kms at Mangaroon Encouraging Results for Rare Earths at Yin Four New REE Ironstones Discovered at Mangaroon Rare Earths, Phosphate, Niobium & Zirconium Results from Mangaroon Conductors Defined along the Money Intrusion – Mangaroon FQM JV First Drilling at Yin Intersects High-Grade Rare Earths Assays Confirm Yin as a High-Grade Rare Earth Discovery Further Assays Confirm Yin as A Significant REE Discovery Broad, High-Grade Assays at Yin REE Discovery – Mangaroon Mineralised Carbonatites Discovered at C3 and C4 – Mangaroon Broad, High-Grade Assays at Yin REE Discovery – Mangaroon Exploration Update Mangaroon Ni-Cu-PGE Broad, High-Grade Assays at Yin REE Discovery – Mangaroon Initial High-Grade, Independent Resource Over 3kms at Yin Carbonatite Discovery Shaping up as Regional Rare Earth Source Mineralised REE Ironstones increased by 13kms to 43kms Rare Earth Ironstone Exploration Target Defined Successful Yin Extensional Drilling Results – Mangaroon Carbonatites deliver thick near surface REE Results Metallurgical Test work Supports High Grade Concentrate Mangaroon Gold Review and Further Consolidation Yin Extended by 1km & 2.5km of High Grade NdPr Discoveries 40% Increase in Resource Tonnage at Yin High Grade Rare Earth & Niobium Zones at C3 & C5 Highest Grades to date from Yin Infill Drilling Mangaroon Carbonatite now >17km – Higher Grade Zones Fiingerprinted 16 October 2023 100m Thick Rare Earth Intercepts from Yin 30 November 2023 Large, High Confidence Yin Ironstone Resource 6 December 2023 Gifford Creek REE-Nb-P-Ti-Sc Carbonatite Drilling Update 11 December 2023 Thick, High-Grade Gold Including 7m @ 23.0g/t Au 22 January 2024 Star of Mangaroon Extended 6 June 2024 Gifford Creek REE-Nb Carbonatite Update 18 June 2024 Tiger Cu-Au-Zn-Ag Gossan Confirmed over 500m 19 June 2024 Drilling Extended for Nb-REE and Cu-Au Targets Bresnahan REE-Au Project 8 February 2023 Bresnahan Emerging As a Light & Heavy Rare Earth Province 26 October 2023 Significant HREE, Gold & Uranium Potential 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 presentation is not to be distributed (nor taken to have been distributed) to any persons in any jurisdictions to whom an offer or solicitation to buy shares in the Company would be unlawful. Any recipient of the presentation should observe any such restrictions on the distribution of this presentation and warrants to the Company that the receipt of the presentation is not unlawful. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation or any information, opinions or conclusions expressed in the course of this presentation. This presentation is not a prospectus, product disclosure document or other offering document under Australian law or under any other law. It has been prepared for information purposes only. This presentation contains general summary information and does not take into account the investment objectives, financial situation and particular needs of any individual investor. It is not financial product advice and investors should obtain their own independent advice from qualified financial advisors having regard to their objectives, financial situation and needs. Dreadnought nor any of their related bodies corporate is licensed to provide financial product advice. This presentation and information, opinions or conclusions expressed in the course of this presentation contains forecasts and forward-looking information. Such forecasts, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. There are a number of risks, both specific to Dreadnought, and of a general nature which may affect the future operating and financial performance of Dreadnought, and the value of an investment in Dreadnought including and not limited to title risk, renewal risk, economic conditions, stock market fluctuations, commodity demand and price movements, timing of access to infrastructure, timing of environmental approvals, regulatory risks, operational risks, reliance on key personnel, reserve estimations, native title risks, cultural heritage risks, foreign currency fluctuations, and mining development, construction and commissioning risk. You should not act or refrain from acting in reliance on this presentation, or any information, opinions or conclusions expressed in the course of this presentation. This presentation does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the prospects of Dreadnought. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision. Recipients of this presentation must undertake their own due diligence and make their own assumptions in respect of the information contained in this presentation and should obtain independent professional advice before making any decision based on the information. No representation or warranty, express or implied, is made in relation to the fairness, accuracy or completeness of the information, opinions and conclusions expressed in the course of this presentation. To the maximum extent permitted by law, no representation, warranty or undertaking, express or implied, is made and, to the maximum extent permitted by law, no responsibility or liability is accepted by the Company or any of its officers, employees, agents or consultants or any other person as to the adequacy, accuracy, completeness or reasonableness of the information in this presentation. To the maximum extent permitted by law, no responsibility for any errors or omissions from this presentation whether arising out of negligence or otherwise is accepted. An investment in the shares of the Company is to be considered highly speculative. The exploration targets or conceptual exploration targets in this presentation or expressed during the course of this presentation are subject to completion of the necessary feasibility studies, permitting and execution of all necessary infrastructure agreements. This presentation and information, opinions or conclusions expressed in the course of this presentation should be read in conjunction with Dreadnought's other periodic and continuous disclosure announcements lodged with the ASX, which are available on the Dreadnought website. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forward-looking statements include, but are not limited to, statements concerning the Company’s exploration programme, outlook and target sizes. They include statements preceded by words such as “potential”, “target”, “scheduled”, “planned”, “estimate”, “possible”, “future”, “prospective” and similar expressions. Competent Person’s Statement The information in this announcement that relates to geology and exploration results and planning was compiled by Mr. Dean Tuck, who is a Member of the AIG, Managing Director, and shareholder of the Company. Mr. Tuck has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Tuck consents to the inclusion in the report of the matters based on the information in the form and context in which it appears. The Company confirms that it is not aware of any new information or data that materially affects the information in the original reports, and that the forma and context in which the Competent Person’s findings are presented have not been materially modified from the original reports. (referencing historic and new company announcements). 2 Snapshot Transitioning to a self-funded mineral explorer focused on developing high grade gold opportunities at the Mangaroon Project in Western Australia. Board and Management with Skin in the Game $6.8M Cash invested ~15% Shareholding Mineral Explorer with Multicommodity Optionality and a Track Record of Discovery Money in the Ground >85% Money raised to date spent on exploration Paul Chapman Non-Exec Chairman • • • Chartered accountant with 30+ years experience in the resources sector Founding shareholder and/or director of Black Cat Syndicate, Reliance Mining, Encounter Resources, Rex Minerals, Silver Lake Resources, GCX Metals and Avanco Resources Non-Executive Chairman of Meeka Minerals, a Non-Executive Director of gold developer Black Cat Syndicate and gold/base metals explorer Sunshine Metals Dean Tuck Managing Director ASX Code DRE Share Price (27/11/2024) $0.015 Shares on Issue 3,752M Market Cap ~$56.3M Cash (30/9/2024 + R&D Rebate) ~$2.1M Phillip Crutchfield Non-Exec Director Unlisted Securities ~28.6M • • • • Liquidity (90-day average) • • • ASX:DRE Capital Structure Experienced geologist and exploration manager having worked across a wide range of commodities in Australia, Brazil and SE Asia from project generation through to resource evaluation Previously held senior level positions ranging from private companies to BHP Billiton and ASX listed junior explorers Instrumental in several discoveries covering Cu-Ag-Au-Co massive sulphide, REE ironstones, REE-NbPhosphate carbonatites, orogenic gold, LCT pegmatites and iron ore Prominent and well-respected barrister specialising in commercial law Director of Encounter Resources and Hamelin Gold Chair of the Bell Shakespeare Theatre Company and the Victorian Bar Foundation Former partner of Mallesons Stephen Jaques (now King & Wood Mallesons) ~$0.1M / day 3 Strong Track Record of Discovery Orion Copper-Gold: • Discovered 2021: KMRC022 16m @ 2.2% Cu, 6.6g/t Au, 38.7g/t Ag, 0.4% Co from 77m (ASX.DRE 15 November 2021) • Orion lode remains open at depth and multiple new lodes identified with strong off hole conductors Yin Rare Earth Ironstones: Mangaroon Project (100%) • Discovered 2022 - YINRC001 34m @ 2.6% TREO from surface including 10m @ 6.1% TREO from 11m (ASX:DRE 28 July 2022) • Measured and Indicated Resource 2023 – 29.98Mt @ 1.0% TREO (87% M&I) (ASX.DRE 30 November 2023) • Resource only covers ~10% of 43kms long ironstone C3 Rare Earth-Niobium Carbonatite: Mangaroon Project (100%) • Discovered 2023 – CBRC115 102m @ 1.1% TREO from 3m, including 9m @ 3.9% TREO from 77m (ASX.DRE 10 July 2023) • Initial Inferred Resource 2023 – 10.84Mt @ 1.0% TREO, 0.22% Nb2O5 (ASX.DRE 28 August 2023) Money Intrusion Nickel-Copper-PGE Sulphide: Mangaroon Project (100%) • Discovered 2023 – REYRC013 23m @ 0.5% Ni, 0.5% Cu, 0.5g/t PGEs from 36m including 2m @ 3.3% Ni, 2.9% Cu, 1.5g/t PGEs from 45m (ASX.DRE 8 November 2023) • Money Intrusion extends over 45km in strike with 15 out of 22 holes drilled to date returning mineralisation. JV discussions advanced Stinger Niobium Carbonatite: Mangaroon Project (100%) • Discovered 2024 – CBRC195 130m @ 0.7% Nb2O5 from 71m including 39m @ 1.3% Nb2O5 from 86m (ASX.DRE 9 October 2024) • Mineralisation confirmed over ~1.2kms strike Chicken Little Gold: Central Yilgarn Project (100%) • Discovered 2024 – CYRC012 17m @ 4.1g/t Au, 28.0g/t Ag from 53m including 4m @ 14.9g/t Au from 54m (ASX.DRE 23 May 2024) • Remains open along strike and at depth with multiple additional lodes (Snowflake and Megatron) identified Tiger Copper-Zinc-Silver: ASX:DRE Tarraji Yampi Project (80%/100%) Mangaroon Project (100%) • Discovered 2024 – TIGERC003 12m @ 3.6% Zn, 0.5% Cu, 13.4g/t Ag from 31m including 2m @ 5.6% Zn, 1.1% Cu, 11.7g/t Ag from 35m (ASX.DRE 29 October 2024) • Part of an emerging base metal system at Mangaroon 4 Strategy and Focus Tr a n s i t i o n t o s e l f - f u n d e d e x p l o r e r ASX:DRE Strategy and Focus 1. Transform into a self-funded explorer focused on gold at Mangaroon: • Initial Resource of 23,300oz @ 12.8g/t Au (84% Indicated) (ASX.DRE 27 November 2024) • High-grade open pit opportunity at Star of Mangaroon • Outsource funding, development, haulage & processing to third parties 2. Add gold ounces on granted mining leases: • Popeye, Two Peaks, Lead Gold, Pritchard Well, Star of Mangaroon Underground 3. Fill the discovery pipeline with new targets: • Bordah and High Range Camp Scale Prospects 3. Progress Gifford Creek Carbonatite to commercial assessment by low cost/high value add work: • Estimate the potential Resource size/grade and undertake conceptual economics • Progress to Resource 100% or JV 4. Commercialisation of portfolio & discovery funded by third parties: ASX:DRE • Mangaroon Critical Minerals: minimise holding costs, maximize preparedness for REE upturn • Mangaroon Ni-Cu: confirmed sulphide Ni-Cu in ~50km long Money Intrusion, JV discussions well advanced • Bresnahan U-HREE-Au-Sb-Ag: U targets identified by global U companies; partial JV discussions well advanced • Tarraji-Yampi: confirmed Cu-Au massive sulphide discovery, strategic review underway • Central Yilgarn: multiple, confirmed high-grade gold, iron-ore and base metals targets, JV discussions well advanced 6 Transform to Self Funded Explorer Near term development and commercialisation at the Star of Mangaroon ASX:DRE Self Funding Strategy Transform into self-funded explorer • Star of Mangaroon is a high grade, open-pit opportunity and remains open at depth and along strike • Camp scale potential with 5 historical mines and multiple gold workings along structural corridors • Paulsens mill within trucking distance • 300kms by road, same as Vivien (5.7g/t) to Mt Magnet Mill • Mining tenements already granted, heritage agreements in place, short approval time frame • Targeting 2nd half 2025 commencement • Conceptual open pit model looks encouraging • Outsource funding, development, haulage and processing • Common model in WA • Roll out same model to Popeye and other advanced targets Allows DRE to focus on making the next major discovery while being able to commercialise gold along the way. ASX:DRE ASX.DRE 26 July 2024 Consolidation, Growth & Commercialisation 8 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 @ 23.0 g/t Au fr 53m • SOMRC006: 8m @ 15.5 g/t Au fr 89m • SOMRC020: 3m @ 23.7g/t Au fr 58m • SOMRC030: 4m @ 27.4 g/t Au fr 80m • Initial Resource of 23,300oz @ 12.8g/t Au (84% Indicated) • Open at depth and along strike with underground potential • Drilling constrained Upcoming Catalysts • Mining Studies and Commercialisation: Early 2025 ASX:DRE ASX.DRE 11 December 2023 Thick, High-Grade Gold Including 7m @ 23.0g/t Au ASX.DRE 22 January 2024 Star of Mangaroon Extended ASX.DRE 27 November 2024 Shallow, High-Grade, 84% Indicated Au Resource 9 Star of Mangaroon – Significant 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 returning: • RNLYD048: 30g/t Au, 552g/t Ag • MMNAU001: 20g/t Au, 413g/t Ag • First drilling at Popeye includes: • POPRC001: 3m @ 22.8 g/t Au fr 13m Upcoming Catalysts • Follow up drilling at Popeye – March 2025 • Additional drilling at SoM – March 2025 ASX:DRE ASX.DRE 11 December 2023 Thick, High-Grade Gold Including 7m @ 23.0g/t Au ASX.DRE 22 January 2024 Star of Mangaroon Extended ASX:DRE 1 October 2024 Shallow, High Grades at Star of Mangaroon & Popeye 10 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 drilling • Pipeline of walk-up drill targets • Working closely with prospectors and pastoralists to consolidate the knowledge of the region Upcoming Catalysts • RC drilling Pritchard Well, Lead Gold Mine – March 2025 • Mapping, rock chipping – ongoing • Reviewing and ranking historical workings and new targets ASX:DRE ASX.DRE 12 February 2024 Star of Mangaroon Camp Scale Gold Prospect Continues to Expand ASX.DRE 13 March 2024 Star of Mangaroon Camp Scale Gold Prospect Expands to ~15km x 10km 11 Discovery Fill the pipeline with targets in an unexplored region ASX:DRE First Modern Exploration – Pathway to Discovery Star of Mangaroon Camp Scale Prospect • Expanding 15km x 10km camp scale opportunity with proven mineralisation and historical mining. • First modern exploration within this consolidated field has already yielded over a dozen new targets including the Tiger Cu-Zn-Ag Discovery Bordah Camp Scale Prospect • 12km x 8km area with a similar lithostructural setting to Star of Mangaroon • Stream sediments producing significant anomalies in gold and gold pathfinders • Outcropping base metal gossan and coincident EM conductor already identified at Inevitable. High Range Camp Scale Prospect • Limited previous gold exploration over ~60 kms of strike • Similar lithostructural setting to the original Cobra/Bangemall Gold Field • Strong early indications of gold and base metal potential Upcoming Catalysts • Target generation stream sediments – December 2024 • Target definition soil sampling and mapping – December 2024 ASX:DRE ASX.DRE 13 March 2024 Star of Mangaroon Camp Scale Gold Prospect Expands to ~15km x 10km ASX.DRE 26 July 2024 Strategic & Prospective Consolidation 13 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 Gifford Creek Nb-REE Carbonatite Significant Critical Metal Potential • The Gifford Creek Carbonatite and associated ironstones is one of the largest carbonatite complexes in the world. • Wide spaced drilling over ~25% of the ~17km long Gifford Creek Carbonatite has already identified multiple zones of critical metal (rare earth, niobium, titanium, phosphate and scandium) mineralisation. This makes for a critical mineral mix of co-products Proven Rare Earth Mineralisation • 29.98Mt @ 1.04% TREO at the Yin Ironstone Complex (87% Measured and Indicated) and • 10.84Mt @ 1.00% TREO at C3 (100% Inferred) Proven Niobium Mineralisation • Best Nb drill intercepts outside the Arunta, close to existing and shared infrastructure • Multiple zones of mineralisation already identified ASX.DRE 19 August 2024 Thick High-Grade Niobium Intercepts from Gifford Creek Carbonatite ASX:DRE 15 Gifford Creek Nb-REE Carbonatite Niobium 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, including: 39m @ 1.3% Nb2O5 from 84m • CBRC200: 95m @ 0.9% Nb2O5 from 48m, including 20m @ 1.4% Nb2O5 from 102m and 8m @ 1.7% Nb2O5 from 72m • CBRC194: 122m @ 0.6% Nb2O5 from 71m, including 26m @ 1.1% Nb2O5 from 99m • CBRC201: 98m @ 0.7% Nb2O5 from 54m, including 41m @ 1.1% Nb2O5 from 85m Upcoming Catalysts • Mineralogical and metallurgical studies • Exploration Target and conceptual economics • Further drilling either by Dreadnought or through JV ASX.DRE 19 August 2024 Thick High-Grade Niobium Intercepts from Gifford Creek Carbonatite ASX:DRE 16 Streamlining the Portfolio C o m m e rc i a l i s a t i o n o f p o r t fo l i o & d i s c ove r y funded by third par ties ASX:DRE Other Projects Mangaroon Ni-Cu-PGE (100%)  Confirmed high-tenor massive sulphides within the ~45km long Money Intrusion  Advanced discussions for JV Bresnahan (100%)  Uranium targets identified by global uranium companies  Outcropping unconformity HREE, and Au-Sb-Ag mineralisation  Advanced discussions for partial JVs Tarraji-Yampi (80%/100%)  Orion Cu-Au Massive Sulphide discovery in 2021  Outcropping Cu-Au mineralisation  Strategic review underway Central Yilgarn (100%)  Multiple commodity potential with high-grade gold, iron ore and base metal targets  JV and sale discussions well advanced ASX:DRE 18 Work Plan Summary Star of Mangaroon Open Pit December 2024 Quarter March 2025 Quarter June 2025 Quarter Resource Scoping Study Mining, Haul, Process Agreement Additional Resource Drilling Gold Exploration Gifford Creek Carbonatite Commercialisation September 2025 Quarter December 2025 Quarter Approvals and Commencement of Production Granted Mining Leases including: Star of Mangaroon underground, Popeye, Pritchards, Lead Target Generation Bordah and High Range Target Definition Bordah and High Range Exploration Drilling Mineralogy and Conceptual Economics Central Yilgarn, Bresnahan, Money Intrusion,Tarraji-Yampi Work Plan Focus 1. Get Star of Mangaroon into production 2. Add mineable ounces on granted mining leases 3. Build pipeline of quality targets ready for discovery drilling by end of 2025 4. Assess conceptual economics and path forward for critical metals at Mangaroon ASX:DRE 5. Streamline project portfolio through commercialisation 19 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 mines • Mangaroon gold (100%) Track record of delivering discoveries • Yin REE ironstone complex • Gifford Creek REE-Nb carbonatites • Orion Cu-Au massive sulphide • Money Intrusion Ni-Cu-PGEs • Chicken Little Au Experienced management team with a track record of success and strongly aligned with shareholders • $6.8M invested to date • ~15% board and management ownership Transitioning to Self-Funded Explorer ASX:DRE Dreadnought Resources Ltd +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court, Osborne Park WA 6017 dreadnoughtresources.com.au Sign up to our Investor Hub to receive the latest news, updates and announcements.