Announcement PDF ASX:DRE +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court Osborne Park WA 6017 ABN 40 119 031 864 ASX ANNOUNCEMENT 9 October 2024 Exceptional Niobium Intercepts at the Stinger Discovery – Mangaroon (100%) HIGHLIGHTS • Assays have been received for a 9 RC hole (1,508m) program in the Gifford Creek Carbonatite. These holes tested the Stinger Zone for oxide and fresh mineralisation and all holes intersected niobium including: CBRC195: 130m @ 0.7% Nb2O5 from 71m, including: 39m @ 1.3% Nb2O5 from 84m including 4m @ 2.0% Nb2O5 from 86m 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 CBRC193: 57m @ 0.9% Nb2O5 from 51m, including 10m @ 1.2% Nb2O5 from 72m CBRC196: 24m @ 0.7% Nb2O5 from 81m, including 8m @ 1.3% Nb2O5 from 81m CBRC197: 28m @ 0.8% Nb2O5 from 66m, including 14m @ 1.0% Nb2O5 from 71m • These are in addition to the first pass drilling which intersected: *CBRC176: 50m @ 0.9% Nb2O5 from 49m, including 20m @ 1.3% Nb2O5 from 56m *CBRC174: 38m @ 0.5% Nb2O5 from 58m, including 6m @ 1.2% Nb2O5 from 60m *CBRC175: 66m @ 0.4% Nb2O5 from 52m, with 15m @ 15.0% P2O5 from 103m *CBRC189: 24m @ 0.6% Nb2O5 from 39m, including 6m @ 1.0% Nb2O5 from 48m • The results confirm oxide and fresh bedrock niobium mineralisation at Stinger over ~1.2km of strike which remains open in all directions. Dreadnought Resources Limited (“Dreadnought”) is pleased to announce results from recent drilling at the Gifford Creek Carbonatite, part of the 100% owned Mangaroon Nb-REE project, located in the Gascoyne Region of Western Australia. Dreadnought’s Managing Director, Dean Tuck, commented: “The Gifford Creek Carbonatite has delivered the thickest and highest-grade intercepts to date. All this in a Tier 1 jurisdiction with ready access to infrastructure including sealed roads, ports, regional workforces and airports. We continue to see the potential for Mangaroon to evolve as a multicommodity critical metals hub with ready access to existing infrastructure.” Figure 1: Photo of Dreadnought Geologist Claudia Tomkins logging at the Stinger Zone. *Previously announced results, see ASX.DRE 19 August 2024 and 20 September 2024 dreadnoughtresources.com.au 1 ASX:DRE +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court Osborne Park WA 6017 ABN 40 119 031 864 Overview of Drilling Program: Nb-REE Gifford Creek Carbonatite The Gifford Creek Carbonatite and the Yin Ironstones together form one of the largest alkali-carbonatite complexes in the world (Figure 2). Carbonatite intrusions are known globally to host several different commodities including rare earths, niobium, phosphate, titanium and scandium, often as separate deposits within the same intrusion. Examples of this include Mt Weld in Australia, Ngualla in Tanzania, Araxa in Brazil and Bayan Obo in China. Since the initial discovery of the Yin Ironstones and the Gifford Creek Carbonatite in 2021, Dreadnought’s focus has been on rare earths. To date only ~25% of the Gifford Creek Carbonatite has been tested and then only with wide spaced first pass drilling. Importantly, 3 zones of mineralisation have been confirmed (C3, Stinger and Rocky Road) with significant niobium intercepts in the Stinger Zone, including: CBRC176: 50m @ 0.9% Nb2O5 from 49m, including 20m @ 1.3% Nb2O5 from 56m CBRC085: 48m @ 0.8% Nb2O5 from 30m, including 36m @ 1.0% Nb2O5 from 39m CBRC111: 48m @ 0.7% Nb2O5 from 63m, including 9m @ 1.4% Nb2O5 from 72m CBRC125: 59m @ 0.6% Nb2O5 from 63m, including 19m @ 1.0% Nb2O5 from 99m CBRC138: 57m @ 0.6% Nb2O5 from 45m, including 3m @ 1.4% Nb2O5 from 90m Recent mineralogical work has confirmed the presence of coarse grained (>0.30mm) pyrochlore niobium from both weathered and fresh carbonatite. Pyrochlore niobium is commercially viable and accounts for ~95% of global niobium production. Additional mineralogical work is ongoing with results expected in December 2024. Figure 2: Location of significant niobium mineralisation within the limited extent of drilling at the Gifford Creek Carbonatite. Inset image shows globally significant carbonatite complexes at Niobec, Araxa, Catalao II and Luni at similar scale highlighting the footprints of niobium mineralisation. dreadnoughtresources.com.au 2 ASX:DRE +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court Osborne Park WA 6017 ABN 40 119 031 864 Recent drilling comprised 9 RC holes (1,508m) which were niobium focused and designed to: - Test for extensions of the Stinger oxide zone which contains thick intervals of niobium; and - Confirm the fresh rock source of the oxide mineralisation; and - Provide further material for mineralogical and metallurgical characterisation. The program sought to confirm fresh mineralisation and extend oxide enriched mineralisation at Stinger. Stinger is defined by niobium enrichment over an area of ~2,000m x 350m. Fresh niobium mineralisation is interpreted to be hosted in a dyke like geometry with a southwest dip within the Gifford Creek Carbonatite, which has now been confirmed over ~1.2km in strike. Assays have been received for the 9 RC holes and all holes returned significant mineralisation, including the 4 thickest and highest-grade intercepts to date. Intercepts include: CBRC195: 130m @ 0.7% Nb2O5 from 71m, including: 39m @ 1.3% Nb2O5 from 84m including 4m @ 2.0% Nb2O5 from 86m CBRC200: 95m @ 0.9% Nb2O5 from 48m, including 20m @ 1.4% Nb2O5 from 102m and 8m @ 1.7% Nb2O5 from 72m CBRC194: 122m @ 0.7% Nb2O5 from 71m, including 26m @ 1.1% Nb2O5 from 99m CBRC201: 98m @ 0.7% Nb2O5 from 54m, including 41m @ 1.1% Nb2O5 from 85m CBRC193: 57m @ 0.9% Nb2O5 from 51m, including 10m @ 1.2% Nb2O5 from 72m CBRC196: 24m @ 0.7% Nb2O5 from 81m, including 8m @ 1.3% Nb2O5 from 81m CBRC197: 28m @ 0.8% Nb2O5 from 66m, including 14m @ 1.0% Nb2O5 from 71m This program has confirmed fresh mineralisation over ~1.2km of strike which remains open in all directions. Next steps include wide spaced fenceline drilling across the Stinger Zone to better constrain the oxide and fresh boundaries. This work will also collect material for mineralogical and metallurgical assessment. The program was supported by a co-funded drilling grant of up to $180,000 under the Geological Survey of Western Australia’s merit-based Exploration Incentive Scheme (“EIS”) and a drill-for-equity agreement with Topdrill Pty Ltd. Figure 3: Plan view of the Gifford Creek Carbonatite over ortho and colored gravity image showing the Stinger and Rocky Road Zones in relation to previous drilling and recently completed drilling at Stinger as well as ~5km x 1km exploration space. dreadnoughtresources.com.au 3 ASX:DRE +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court Osborne Park WA 6017 ABN 40 119 031 864 Figure 4: Cross section through the Stinger Zone showing the location of previous mineralised intercepts and recent RC drilling in relation to the saprolite hosted mineralisation and fresh niobium enriched carbonatite dykes. Figure 5: Cross section through the Stinger zone showing the location of recent saprolite and fresh mineralised intercepts. Also shown is planned follow up RC drilling to extend the saprolite hosted mineralisation and fresh niobium enriched carbonatite dykes. dreadnoughtresources.com.au 4 ASX:DRE +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court Osborne Park WA 6017 ABN 40 119 031 864 Significant Infrastructure Advantages: The Gifford Creek Carbonatite is part of the 100% owned Mangaroon Nb-REE project, located in the Gascoyne Region of Western Australia - a Tier 1 jurisdiction. This area enjoys a strong competitive advantage over many other projects with ready access to existing infrastructure including: - Sealed roads: ~200kms from the Northwest Coastal Highway - ~400km from the Port of Onslow, ~600kms from the Port of Dampier, ~700 kms from Port of Geraldton. - Regional suppliers/workforces: at Carnarvon, Exmouth, Karratha, Onslow and Newman - Airports: at Exmouth, Carnarvon and Yangibana. Figure 6: Location map of the Gifford Creek Carbonatite in relation to other Nb-REE projects and major infrastructure including: sealed roads, ports, regional suppliers/workforces and airports. dreadnoughtresources.com.au 5 ASX:DRE +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court Osborne Park WA 6017 ABN 40 119 031 864 SNAPSHOT – MANGAROON CRITICAL MINERALS Mangaroon is 100% Owned • 100% owned Mangaroon confirmed as a globally significant critical minerals complex with proven potential for niobium (Nb), rare earths (REE), scandium (Sc), titanium (Ti) and phosphorous (P). Genuine Scale Potential for Niobium and other Critical Minerals • Three zones of thick oxide niobium mineralisation confirmed to date with significant intercepts including: CBRC195: 130m @ 0.7% Nb2O5 from 71m, including 39m @ 1.3% Nb2O5 from 84m (Stinger) CBRC176: 50m @ 0.9% Nb2O5 from 49m, including 20m @ 1.3% Nb2O5 from 56m (Stinger) CBRC194: 122m @ 0.7% Nb2O5 from 71m, including 26m @ 1.1% Nb2O5 from 99m (Stinger) CBRC201: 98m @ 0.7% Nb2O5 from 54m, including 41m @ 1.1% Nb2O5 from 85m (Stinger) CBRC085: 48m @ 0.8% Nb2O5 from 30m, including 36m @ 1.0% Nb2O5 from 39m (C3) CBRC125: 59m @ 0.6% Nb2O5 from 63m, including 19m @ 1.0% Nb2O5 from 99m (C3) • Fresh niobium mineralisation has been confirmed over 1.2 km strike, open in all directions at the Stinger Zone providing significant upside tonnage potential. Multiple Critical Minerals Potential at the Gifford Creek Carbonatite • 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 3 zones of mineralisation containing Nb-REE-Sc-Ti-P. This makes for a critical mineral mix of co-products with significant intercepts including: CBRC115: 102m @ 1.1% TREO from 3m, including 29m @ 2.1% TREO from 76m CBRC148: 43m @ 11.9% P2O5 from 87m, including 24m @ 14.5% P2O5 from 105m to EOH CBRC138: 12m @ 319ppm Sc from 48m and CBRC125: 10m @ 270ppm Sc from 18m CBRC086: 72m @ 8.6% TiO2 from 12m, including 6m @ 12.8% TiO2 from 66m Positive Mineralogical Results • Recent mineralogical work at the Gifford Creek Carbonatite has confirmed the presence of pyrochlore, which is a high niobium mineral (>50%) which is commercially viable and from which ~95% of global niobium is produced. Global Strategic Imperative Driving Critical Minerals Growth • Supply chain security and low carbon transition are imperatives against a backdrop of heightened geopolitical tension. • Niobium is a critical mineral primarily used in high strength, low alloy steel with application to renewables, infrastructure and vehicles. The addition of a small amount of niobium increases the strength of steel whilst decreasing weight by ~30%. • Niobium-based technology breakthroughs are being experienced in the battery sector where niobium is reducing electric vehicle charge times to ~5 minutes. dreadnoughtresources.com.au 6 ASX:DRE +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court Osborne Park WA 6017 ABN 40 119 031 864 Background on Mangaroon (E8/3178, E08/3229, E08/3274, E09/2384, E09/2433, E09/2473, E08/3275, E08/3439, E09/2290, E09/2359, E09/2370, E09/2405, E09/2422, E09/2448, E09/2449, E09/2450, E09/2467, E09/2478, E09/2535, E09/2616, M09/91, M09/146, M09/147, M09/174, M09/175: 100%) Mangaroon (Figure 7) covers >5,300kms2 of the Mangaroon Zone in the Gascoyne Region of Western Australia and is comprised of: - >45km long Money Intrusion (Ni-Cu-Co-PGE): containing high tenor magmatic Ni-Cu-Co-PGE. - ~10km x 15km Mangaroon Gold Camp (Au, Cu-Au-Zn-Ag): where fractured, small-scale ownership has limited previous gold exploration with only ~200m of the >12km long Mangaroon Shear Zone having been drilled. - ~43km long Yin Ironstone (REE): which already contains: an independent Resource of 20.06Mt @ 1.03% TREO (ASX 5 Jul 2023) over only ~4km of the ~43km of ironstones including an initial Indicated Resource of 5.52Mt @ 1.23% TREO over only ~250m of strike (ASX 5 Jul 2023). - ~17km long Gifford Creek Carbonatites (Nb-REE-Ti-P-Sc): which contains a suite of critical minerals and an initial independent Inferred Resource of 10.84Mt @ 1.00% TREO at C3 (ASX 28 Aug 2023). Figure 7: Plan view map of Mangaroon showing the location of the Gifford Creek Carbonatite and associated critical metal occurrences in relation to the gold and base metal prospects at Mangaroon. dreadnoughtresources.com.au 7 ASX:DRE +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court Osborne Park WA 6017 ABN 40 119 031 864 For further information please refer to previous ASX announcements: • 12 September 2022 Star of Mangaroon Acquisition & Consolidation • 17 October 2022 Mineralised Carbonatites Discovered at C3 and C4 • 23 November 2022 Multiple, Large Scale, REE-Nb-Ti-P Carbonatites • 28 December 2022 Initial High-Grade, Independent Resource over 3kms at Yin • 24 January 2023 Carbonatite Discovery Shaping up as Regional Rare Earth Source • 3 April 2023 Carbonatites Deliver Thick, Near Surface REE Results • 10 July 2023 High Grade Rare Earth & Niobium Zones at C3 & C5 • 17 July 2023 High Grade Rare Earth & Niobium Zones at C3 & C5 • 7 August 2023 Rare Earth Ironstone and Carbonatite Drilling Update • 28 August 2023 Initial, Independent REE-Nb-P-Ti-Sc Resource at C3 • 2 October 2023 Mangaroon Carbonatite now >17km – Higher Grade Zones Fingerprinted • 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 • 6 June 2024 Gifford Creek REE-Nb Carbonatite Update • 27 May 2024 High Grade Cu-Zn-Ag-Au Gossans at Tiger • 18 June 2024 Tiger Cu-Au-Zn-Ag Gossan Confirmed Over ~500m • 12 August 2024 Gifford Creek Niobium Drilling Update • 19 August 2024 Thick High-Grade Niobium Intercepts from Gifford Creek Carbonatite UPCOMING NEWSFLOW (UPDATE) October: Results of further target generation and definition work at Mangaroon Au (100%) October: Results from EIS co-funded IP surveys at Tarraji-Yampi (80%/100%) October/November: Results from Au and Cu-Au-Zn-Ag drilling at Mangaroon (100%) October/November: Results from airborne geophysical surveys at Mangaroon (100%) October/November: Results from diamond drilling at the Star of Mangaroon (100%) October/November: Results from metallurgical testing at Star of Mangaroon (100%) November: Initial Resource for Star of Mangaroon (100%) October: Quarterly Activities and Cashflow Report 28 November: Annual General Meeting ~Ends~ For further information please contact: Dean Tuck Managing Director Dreadnought Resources Limited E: dtuck@dreres.com.au Jessamyn Lyons Company Secretary Dreadnought Resources Limited E: jlyons@dreres.com.au This announcement is authorised for release to the ASX by the Board of Dreadnought. dreadnoughtresources.com.au 8 ASX:DRE +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court Osborne Park WA 6017 ABN 40 119 031 864 Cautionary Statement This announcement and information, opinions or conclusions expressed in the course of this announcement contains forecasts and forwardlooking 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. Competent Person’s Statement – Mineral Resources The information in this announcement that relates to Mineral Resources is based on information compiled by Mr. Lynn Widenbar, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr. Widenbar is a full-time employee of Widenbar and Associates Pty Ltd. Mr. Widenbar has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that is being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves’. Mr. Widenbar consents to the inclusion in the announcement of the matters based on his information in the form and context that the information appears. Competent Person’s Statement – Exploration Results and Exploration Targets The information in this announcement that relates to geology, exploration results and planning, and exploration targets 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 announcement 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. RESOURCES SUMMARY Yin Ironstone Complex – Yin, Yin South, Y2, Sabre Measured, Indicated and Inferred Resources Table 1: Summary of Yin Resources at 0.20% TREO Cut-off. Resource Classification Geology Measured Measured Measured Indicated Indicated Indicated Inferred Inferred Inferred Total Total Oxide Fresh Subtotal Oxide Fresh Subtotal Oxide Fresh Subtotal Oxide Fresh Resource (Mt) TREO (%) Nd2O3+Pr6O11 (kg/t) NdPr:TREO Ratio (%) Contained TREO (t) Contained Nd2O3+Pr6O11 (t) 2.47 2.70 5.17 13.46 7.67 21.13 1.51 2.17 3.68 17.44 12.54 29.98 1.61 1.09 1.34 1.06 0.95 1.02 0.75 0.75 0.75 1.11 0.95 1.04 4.6 3.0 3.8 3.1 2.8 3.0 1.9 2.1 2.0 3.2 2.7 2.9 29 27 28 29 29 29 25 28 27 29 29 29 39,700 29,500 69,300 142,600 72,800 215,400 11,200 16,300 27,600 193,600 118,700 312,300 11,400 8,100 19,500 41,000 21,300 62,300 2,800 4,500 7,300 55,300 33,900 89,300 TOTAL Gifford Creek Carbonatite – Inferred Resource Table 2: Summary of the Gifford Creek Carbonatite Inferred Resource at various % TREO Cut-offs. Cut-Off (%TREO) Resource (Mt) TREO (%) NdPr:TREO (%) Nb2O5 (%) P2O5 (%) TiO2 (%) Sc (ppm) Contained TREO (t) Contained Nb2O5 (t) 0.90 0.70 0.50 0.30 5.73 10.84 20.55 45.87 1.18 1.00 0.80 0.58 21 21 21 21 0.25 0.22 0.15 0.10 3.8 3.5 3.0 2.7 5.4 4.9 3.9 3.0 92 85 68 52 67,500 108,000 164,600 265,300 14,500 23,700 31,100 44,800 dreadnoughtresources.com.au 9 ASX:DRE +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court Osborne Park WA 6017 ABN 40 119 031 864 INVESTMENT HIGHLIGHTS Mangaroon Au, Nb-REE, Ni-Cu-PGE Project (100%) Mangaroon covers ~5,300kms2 and is located 250kms south-east of Exmouth in the Gascoyne Region of WA. At Mangaroon, Dreadnought has consolidated areas of outcropping high-grade gold and historical high grade gold mines including the historic Star of Mangaroon and Diamond gold mines. Exploration at the Money Intrusion has identified high tenor Ni-Cu-PGE sulphides. In addition, Mangaroon has emerged as a globally significant, rapidly growing, potential source of critical minerals. Highlights include: • An independent Resource for Yin Ironstones Complex of 29.98Mt @ 1.04% TREO over only ~4.6kms – including a Measured and Indicated Resource of 26.3Mt @ 1.04% TREO (ASX 30 Nov 2023). • Discovery of the globally significant, Nb-REE-P-TiSc enriched Gifford Creek Carbonatite (ASX 7 Aug 2023). • A large, independent initial Resource of 10.84Mt @ 1.00% TREO at the Gifford Creek Carbonatites, containing a range of critical minerals including rare earths, niobium, phosphate, titanium and scandium (ASX 28 Aug 2023). Kimberley Ni-Cu-Au Project (80/100%) The project is located only 85kms from Derby in the West Kimberley region of WA and was locked up as a Defence Reserve since 1978. The project has outcropping mineralisation and historical workings which have seen no modern exploration. Results to date indicate that there may be a related, large scale, Proterozoic Cu-Au VMS system at Tarraji-Yampi, similar to DeGrussa and Monty in the Bryah Basin. Central Yilgarn Gold, Base Metals, Critical Minerals & Iron Ore Project (100%) Central Yilgarn is located ~190km northwest of Kalgoorlie in the Yilgarn Craton. The project comprises ~1,400kms2 covering ~150km of strike along the majority of the Illaara, Yerilgee, South Elvire and Evanston greenstone belts. Central Yilgarn is prospective for typical Archean mesothermal lode gold deposits, VMS base metals, komatiitehosted nickel sulphides and critical metals including Lithium-Cesium-Tantalum. Prior to consolidation by Dreadnought, the Central Yilgarn was predominantly held by iron ore explorers and remains highly prospective for iron ore. Bresnahan HREE-Au-U Project (100%) Bresnahan is located ~125km southwest of Newman in the Ashburton Basin. The project comprises ~3,700kms2 covering over 200kms strike along the Bresnahan Basin / Wyloo Group unconformity. Bresnahan is prospective for unconformity related heavy rare earth (“HREE”) deposits similar to Browns Range HREE deposits, unconformity uranium (“U”) deposits and mesothermal lode gold similar to Paulsens Au-Ag-Sb deposits along strike. Prior to consolidation by Dreadnought, the Bresnahan Basin had been successfully explored for unconformity uranium with limited exploration for mesothermal gold. Bresnahan is a first mover opportunity to explore for unconformity HREE. dreadnoughtresources.com.au 10 ASX:DRE +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court Osborne Park WA 6017 ABN 40 119 031 864 Table 3: Significant Intersections >0.3%Nb2O5, >1.0% Nb2O5 highlighted. Hole ID CBRC174 Incl. CBRC175 Incl CBRC176 Incl Incl CBRC177 CBRC178 CBRC179 CBRC180 CBRC181 CBRC182 CBRC183 CBRC184 CBRC185 CBRC186 CBRC187 CBRC188 CBRC189 Incl and and CBRC190 and CBRC191 CBRC192 CBRC193 CBRC194 CBRC195 CBRC196 CBRC197 CBRC198 CBRC199 CBRC200 CBRC201 From (m) 58 60 52 103 49 53 56 To (m) 96 66 118 118 99 95 76 39 60 55 69 69 75 39 48 78 90 42 57 51 63 54 84 96 48 60 57 51 72 94 64 99 71 84 86 81 82 66 71 78 76 106 128 48 72 102 168 54 85 108 82 108 186 125 201 123 90 105 90 94 85 88 95 112 130 143 80 122 171 152 126 dreadnoughtresources.com.au Interval Nb2O5 (m) (%) 38 0.5 6 1.2 66 0.4 15 0.4 50 0.9 42 1.0 20 1.3 No Significant Results 16 0.5 9 0.3 No Significant Results No Significant Results No Significant Results No Significant Results No Significant Results 6 0.2 No Significant Results No Significant Results No Significant Results 24 0.6 6 1.0 6 0.3 6 0.3 6 0.1 3 0.1 6 0.1 No Significant Results 57 0.9 10 1.2 14 1.4 122 0.6 26 1.1 130 0.7 39 1.3 4 2.0 24 0.7 8 1.3 28 0.8 14 1.0 10 0.5 19 0.5 6 0.5 2 0.7 95 0.9 8 1.7 20 1.4 3 0.6 98 0.7 41 1.1 TREO (%) 0.7 1.3 0.6 0.5 1.0 1.1 1.3 P2O5 (%) 3.8 4.2 7.0 15.0 4.8 4.6 3.9 0.6 1.1 3.1 3.3 0.5 3.0 0.6 0.6 0.4 0.3 0.3 0.4 0.4 5.3 4.2 9.2 12.8 3.2 5.7 7.6 1.1 2.5 0.9 0.6 0.8 0.6 0.8 1.3 0.5 0.7 0.6 0.6 0.3 0.4 0.7 1.0 3.0 1.1 0.6 0.7 0.7 3.7 5.4 4.9 10.0 5.4 7.1 4.8 5.1 9.8 17.8 7.7 9.8 7.9 8.4 14.2 4.9 5.9 5.2 12.1 4.2 6.2 Prospect Gifford Creek Carbonatite 11 ASX:DRE +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court Osborne Park WA 6017 ABN 40 119 031 864 Hole ID CBRC174 CBRC175 CBRC176 CBRC177 CBRC178 CBRC179 CBRC180 CBRC181 CBRC182 CBRC183 CBRC184 CBRC185 CBRC186 CBRC187 CBRC188 CBRC189 CBRC190 CBRC191 CBRC192 CBRC193 CBRC194 CBRC195 CBRC196 CBRC197 CBRC198 CBRC199 CBRC200 CBRC201 Easting 416930 416902 416874 416774 417058 418475 420351 421512 420500 421442 419313 418723 418842 419133 418903 417057 414130 413569 413164 416847 415993 416018 416170 416154 416294 416270 416849 416824 Table 4: Drill Collar Data (GDA94 MGAz50) Northing RL Dip Azimuth 7347706 311 -60 31 7347650 309 -60 32 7347602 308 -60 29 7347762 311 -90 0 7347614 313 -90 0 7346758 315 -90 0 7345128 300 -90 0 7344421 300 -90 0 7344289 300 -90 0 7343434 300 -90 0 7345338 300 -90 0 7346770 310 -90 0 7346427 314 -90 0 7346357 314 -90 0 7346052 315 -90 0 7347608 314 -90 0 7349350 309 -90 0 7349755 311 -90 0 7350471 307 -90 0 7347539 306 -60 30 7348105 303 -60 30 7348149 303 -60 30 7348103 304 -60 30 7348063 302 -60 30 7348031 305 -60 30 7347990 303 -60 30 7347541 306 -60 30 7347489 307 -60 30 dreadnoughtresources.com.au EOH 96 126 108 72 55 120 108 96 108 90 90 102 66 90 114 108 72 72 102 108 186 210 168 168 168 162 186 152 Type RC RC RC RC RC RC RC RC RC RC RC RC RC RC RC RC RC RC RC RC RC RC RC RC RC RC RC RC Prospect GCC 12 ASX:DRE +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court Osborne Park WA 6017 ABN 40 119 031 864 JORC Code, 2012 Edition – Table 1 Report Template Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Sampling techniques • Reverse Circulation (RC) drilling was undertaken to produce samples for assaying. • • • Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. Laboratory Analysis Two sampling techniques were utilised for this program, 1m metre splits directly from the rig sampling system for each metre and 3m composite sampling from spoil piles. Samples submitted to the laboratory were determined by the site geologist. 1m Splits From every metre drilled a 2-3kg sample (split) was subsampled into a calico bag via a Metzke cone splitter from each metre of drilling. 3m Composites All remaining spoil from the sampling system was collected in buckets from the sampling system and neatly deposited in rows adjacent to the rig. An aluminium scoop was used to then sub-sample each spoil pile to create a 2-3kg 3m composite sample in a calico bag. A pXRF is used on site to determine mineralised samples. Mineralised intervals have the 1m split collected, while unmineralised samples have 3m composites collected. All samples are submitted to ALS Laboratories in Perth for determination of Niobium and Rare Earth Oxides by Lithium Borate Fusion and ICP-MS and ICP-AES (ALS Method MEMS81h and ME-ICP06h). QAQC samples consisting of duplicates, blanks and CRM’s (OREAS Standards) were inserted through the program at a rate of 1:50 samples. Duplicate samples are submitted as a Bbag from the Metzke’s cone splitter. Drilling techniques Drill sample recovery • • • • Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.). Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. RC Drilling Topdrill undertook the program utilising a truck mounted Schramm T685WS drill rig with additional air from an auxiliary compressor and booster. Bit size was 5 ½ ”. RC Drilling Drilling was undertaken using a ‘best practice’ approach to achieve maximum sample recovery and quality through the mineralised zones. Best practice sampling procedure included: suitable usage of dust suppression, suitable shroud, lifting off bottom between each metre, cleaning of sampling equipment, ensuring a dry sample and suitable supervision by the supervising geologist to ensure good sample quality. At this stage, no known bias occurs between sample recovery and grade. Logging • • • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography. The total length and percentage of the re