Announcement PDF Finding the Metals for Our Future RIU EXPLORERS CONFERENCE 1 3 F E B R U A RY 2 0 2 4 ASX:DRE dreadnoughtresources.com.au 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 07 April 2021 29 November 2021 14 February 2022 17 October 2022 24 October 2022 10 November 2022 28 December 2022 27 January 2023 13 February 2023 3 April 2023 29 May 2023 6 June 2023 13 June 2023 13 September 2023 2 October 2023 30 November 2023 11 December 2023 22 January 2024 12 February 2024 Option/JV Agreement Signed with Global Base Metal Miner Five Carbonatite Intrusions Identified at Mangaroon Project Conductors Defined along the Money Intrusion – Mangaroon FQM JV Mineralised carbonatite discovered at C3 and C4 Broad high-grade assays at Yin REE Discovery Exploration Update Mangaroon Ni-Cu-PGE Initial High-Grade, Independent Resource Over 3kms at Yin Mineralised REE Ironstones increased by 13kms to 43kms Rare Earth Ironstone Exploration Target Defined 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 Highest Grades to date from Yin Infill Drilling Mangaroon Carbonatite now >17km – Higher Grade Zones Fiingerprinted Large, High Confidence Yin Ironstone Resource Thick, High-Grade Gold Including 7m @ 23.0g/t Au Star of Mangaroon Extended Star of Mangaroon Camp Scale Gold Prospect Continues to Expand 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 Company Snapshot Capital Structure ASX Code DRE Share Price (12/02/2024) $0.019 Shares on Issue 3,479M Market Cap ~$66.1M Cash (31/12/2023 + R&D Rebate) ~$5.0M Unlisted Securities (various strike prices) 83.7M Liquidity (90-day average) ~$0.1M / day Board and Management Cash Investment ~$6,200,000 Board & Management Paul Chapman Dean Tuck ASX:DRE Non-Executive Chairman Managing Director Philip Crutchfield Non-Executive Director Robert Gee Non-Executive Director Debbie Fullarton Chief Financial Officer Matt Crowe Chief Operating Officer Jessamyn Lyons Company Secretary 3 Mangaroon REEs DRE 100% Ownership ASX:DRE dreadnoughtresources.com.au Mangaroon REEs Long life of mine potential • 40.82Mt @ 1.03% TREO with 87% of the Yin Ironstone Resource (29.98Mt @ 1.04% TREO) in the Measured and Indicated category. World’s top mining jurisdiction • Western Australia Globally significant critical minerals province • Rare Earths, Niobium, Phosphate, Titanium, Scandium, Nickel, Copper, Lithium MREC conversion test work underway • Vital commercialisation step for midstream partners ASX:DRE Significant predevelopment work complete • On hold waiting for rare earth sentiment to improve 5 Yin Ironstones and Gifford Creek Carbonatites Yin REE Ironstones • High NdPr, outcropping at surface • Resource only covers ~10% of 43km long ironstone strike Gifford Creek Carbonatite • Multiple pulses of high-grade Rare Earths, Niobium, Phosphate, Titanium and Scandium • Only ~25% of carbonatite tested with first pass drilling Upcoming Catalysts • ANSTO MREC Test work • Gifford Creek Carbonatite Target Definition Next Steps • Slow down work while depressed REE market • Continue project de-risking ASX:DRE 6 1. Central Yilgarn Gold • T1 – Viper • T2 – Honey, Leghorn • T6 – Chicken Little • T11, T18, T21 2. Mangaroon Gold • SoM Gold Camp 3. Tarraji-Yampi Cu-Au • Orion Cu-Au Camp • Grants Cu-Au Camp 4. Mangaroon Ni-Cu-PGE • Money Intrusion (JV) 5. Mangaroon Rare Earths • Return of market sentiment • Yin Ironstones • Gifford Creek Carbonatites ASX:DRE Life Changing Opportunities dreadnoughtresources.com.au Central Yilgarn Gold DRE: 100% Ownership ASX:DRE dreadnoughtresources.com.au Central Yilgarn Gold What is Central Yilgarn? • ~1,400km2 covering ~150km strike over four greenstone belts in the Yilgarn • Significant gold, copper, nickel and lithium pegmatite potential Nelson Cu-Pb-Zn 2022 Why are we here? • Bermuda triangle of the Yilgarn • No tracks, no water, no support = limited prospecting • Previous exploration dominated by iron ore explorers ASX:DRE The Opportunity • Major discovery in a consolidated, unloved greenstone belt terrain in the world's top mining jurisdiction. • Gruyere • Hemi • Tropicana 9 Central Yilgarn Gold Priority Focus for 2024 • Walk up drill targets • Define additional targets Upcoming Catalysts • Commencement of RC drilling March/April 2024 • T1: Viper Nelson Cu-Pb-Zn 2022 • T2: Honey, Leghorn • T6: Chicken Little, Megatron Next Steps • Boots on ground March 2024 • Mapping, and surface sampling • March 2024 • RC Drilling at T1, T2, T6 • March / April 2024 • AC Drilling at T21 • Mid-year 2024 ASX:DRE 10 Leghorn and Honey Leghorn • ~3,500m x 300m Au-As-Bi-Mo-Te-W anomaly • Previous RC intercept: • BARRC007: 48m @ 0.7g/t Au from 27m including 21m @ 1.3g/t Au from 54m • Coincident IP anomaly over interpreted structures Honey • Historical shallow working produced free gold in altered ultramafic rocks – Wattle Dam Analogy (~250kOz @ 10g/t Au) ASX:DRE 11 Viper Walk up drill target • ~1,500m x 800m Au-As-Sb anomaly • Previous intercept: BARAC0136: 15m @ 1.5g/t Au from 12m including 3m @ 6.7g/t Au from 12m • Coincident IP and DHEM anomaly over interpreted structurally complex and non-outcropping BIF horizon ASX:DRE 12 Mangaroon Au DRE: 100% Ownership ASX:DRE dreadnoughtresources.com.au Mangaroon Gold What is Mangaroon? • ~5,000km2 covering the Mangaroon Zone within the Gascoyne Proterozoic Mobile Belt • Significant intrusion related and orogenic gold, potential Why are we here? • Unloved history with early exploration hindered by lack of infrastructure and investment • Proterozoic Mobile Belts contain a variety of attractive mineralisation styles • Mineralisation sticking out of the ground. The Opportunity • Major discovery in a consolidated, unloved terrain in a one of the world's top mining jurisdictions. • Tintina Gold Belt – Pogo, Dublin Gulch • Charters Towers Province – Mt Leyshon ASX:DRE 14 Mangaroon Gold – Star of Mangaroon Star of Mangaroon • Mined by Pastoralists 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 • No deep drilling, and no drilling along the mineralised trend including at the historically mined Popeye with rock chips including • RNLYD048: 30g/t Au, 552g/t Ag • MMNAU001: 20g/t Au, 413g/t Ag ASX:DRE 15 Mangaroon Gold – Camp Scale Opportunities 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 stronger and larger than the Star. Upcoming Catalysts • Regional stream sediment sampling • Camp scale prospect generation Next Steps • Detailed mapping surface sampling to generate and define targets across the SoM and new camp scale prospects • RC drilling of historical workings • May/June 2024 • RC drilling of newly defined targets • July/August 2024 ASX:DRE 16 Tarraji-Yampi Cu-Au (80%, 100%) Ni-Cu-PGEs (100%) ASX:DRE dreadnoughtresources.com.au Tarraji-Yampi Cu-Au (Ni-Cu-PGE) What is Tarraji-Yampi? • ~485km2 covering the Yampi Fold and Thrust Belt in the Kimberley Region of Western Australia. • Contains the Orion Cu-Au VMS discovery • Contains historical workings on Cu-Au epithermal veins at Grant’s Why are we here? • Off-limits to exploration since 1978 • Unexplored, no modern exploration • Mineralisation sticking out of the ground • Along strike from Merlin/Double Magic and Dog Leg Ni-Cu-PGE Discoveries ASX:DRE The Opportunity • Additional Cu-Au massive sulphide discoveries – Degrussa, Windy Craggy • High grade Epithermal discoveries similar to Grants (Cu-Au) and Rough Triangle (Ag-Bi-Sb). 18 Tarraji-Yampi Cu-Ag-Au-Co Orion Discovery - 2021 • KMRC022: 16m @ 2.2% Cu, 38.7gt Ag, 6.6g/t Au, 0.4% Co • Confirmed over 250m strike, to a depth of ~150m • Geophysics shows it down to 500m • Part of an emerging Cu-Au VMS Camp Orion Discovery 2021 Upcoming Catalysts • Results from RC and diamond drilling completed in 2023 • Geophysical and geological review Next Steps • IP Surveys to generate epithermal targets for testing • June/July • RC/DD drilling of remaining untested Orion look-a-likes, including any off-hole conductors and new targets from the IP Survey • August/September • Assess Ni-Cu-PGE potential along strike from the Dog Leg Discovery ASX:DRE 19 Other Opportunities Mangaroon Ni -Cu-PGE: FQM JV Bresnahan U, Au -Ag, HREEs ASX:DRE dreadnoughtresources.com.au Mangaroon Ni-Cu-PGE (FQM JV) and Bresnahan U, HREE, Au-Ag Orion Discovery 2021 Mangaroon Ni-Cu-PGE (FQM JV) • ~50km long prospective Money Intrusion • High tenor massive sulphide potential confirmed REYRC013: 23m @ 0.5% Ni, 0.5% Cu, fr 36m incl. 2m @ 3.3% Ni, 2.9% Cu • Geophysical signature confirmed (IP and EM) • Halfway through a drilling and geophysics program commenced in 2023 ASX:DRE Bresnahan U, HREE, Au-Ag • 4,700 km2, 100% owned, on the doorstep of the Pilbara. • Proven Uranium mineralisation with extensive and detailed geophysics supporting multiple walk-up targets defined by major uranium companies including Cameco and Vale. • Proven HREE mineralisation with extensive and detailed geophysics supporting target generation and definition work. • Proven Au-Ag-Sb mineralisation along same crustal scale structures as Paulsen’s, and Mount Olympus. Commercial Opportunity - Sale, Partnership, Spin Out 21 What can we expect for 2024? ASX:DRE dreadnoughtresources.com.au Plans for 2024 Major, High-Grade Gold Discoveries at Central Yilgarn and Mangaroon ➢ Drilling at Central Yilgarn to commence March/April 2024 ➢ Drilling at Mangaroon to commence May/June 2024 ➢ Ongoing target generation and definition work from March Continue to advance the REEs in the background ➢ Waiting for improved market conditions Unfinished Business at Tarraji-Yampi ➢ Finish the Cu-Au Orion look-a-like drill program ➢ Generate and test Cu-Au epithermal targets (Grant’s look-a-likes) ➢ Generate and define Ni-Cu-PGE targets Continue Money Intrusion Ni-Cu-PGE Programs ➢ Finish drilling and geophysical surveys Commercialise Bresnahan ➢ Sale, partnership or spinout ASX:DRE 23 Take Away Message Strong news flow throughout 2024 • Average >1 ASX announcement / week Track record of delivering discoveries • Yin REE ironstone complex • Gifford Creek REE-Nb carbonatites • Orion Cu-Au massive sulphide • Money Intrusion Ni-Cu-PGEs Poised to deliver additional discoveries in 2024 • Mangaroon Au (100%) • Central Yilgarn Au (100%) • Kimberley Cu-Au (100%) • Mangaroon Ni-Cu-PGE (FQM Earn-in/ JV) Experienced management team with a track record of success and strongly aligned with shareholders • $6.2M invested to date • ~15% Board and management ownership ASX:DRE 24 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 dreadnoughtresources.com.au