Announcement PDF Appendix 3B - Proposed issue of securities Cancellation Summary Entity name DREADNOUGHT RESOURCES LTD Announcement Type Cancellation of previous announcement Date of this announcement 17/4/2025 Reason for cancellation of previous announcement Previous Appendix 3B dated 28 March 2025 is accurate given ASX waiver was granted in time to adhere to original timeline for the SPP. Refer to next page for full details of the announcement Appendix 3B - Proposed issue of securities 1/6 Appendix 3B - Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity DREADNOUGHT RESOURCES LTD We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type Registration Number ABN 40119031864 1.3 ASX issuer code DRE 1.4 The announcement is Cancellation of previous announcement 1.4c Reason for cancellation of previous announcement Previous Appendix 3B dated 28 March 2025 is accurate given ASX waiver was granted in time to adhere to original timeline for the SPP. 1.4d Date of previous announcement to this cancellation 4/4/2025 1.5 Date of this announcement 17/4/2025 1.6 The Proposed issue is: An offer of +securities under a +securities purchase plan Appendix 3B - Proposed issue of securities 2/6 Appendix 3B - Proposed issue of securities Part 4 - Details of proposed offer under securities purchase plan Part 4A - Conditions 4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities under the +securities purchase plan issue can proceed on an unconditional basis? Yes 4A.1a Conditions Approval/Condition Date for determination Other (please specify in comment section) 4/4/2025 Is the date estimated or actual? ** Approval received/condition met? Estimated Comments The Company confirms that the ASX has now granted the requisite waiver to enable the Company to issue the SPP shares at the same price as the Placement. Appendix 3B - Proposed issue of securities 3/6 Appendix 3B - Proposed issue of securities Part 4B - Offer details +Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities proposed to be issued ASX +security code and description DRE : ORDINARY FULLY PAID Will the proposed issue of this +security include an offer of attaching +securities? No Details of +securities proposed to be issued ASX +security code and description DRE : ORDINARY FULLY PAID Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted 125,000,000 Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)? No Will the offer be conditional on applications for a maximum number of +securities being received or a maximum amount being raised (i.e. a maximum subscription condition)? No Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)? No Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)? Yes Is the maximum acceptance unit based or dollar based? Dollar based ($) Please enter the maximum acceptance value $ 30,000 Describe all the applicable parcels available for this offer in number of securities or dollar value $600, $3,000, $6,000, $12,000, $24,000 and $30,000 Offer price details Has the offer price been determined? Yes In what currency will the offer What is the offer price per be made? +security? Appendix 3B - Proposed issue of securities 4/6 Appendix 3B - Proposed issue of securities be made? +security? AUD - Australian Dollar AUD 0.01200 Oversubscription & Scale back details Will a scale back be applied if the offer is over-subscribed? Yes Describe the scale back arrangements The SPP is on a first in best dressed basis. Shareholders wishing to participate are encouraged to act promptly as the Board reserves the right to close the SPP early and without notice. Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Part 4C - Timetable 4C.1 Date of announcement of +security purchase plan 28/2/2025 4C.2 +Record date 27/2/2025 4C.3 Date on which offer documents will be made available to investors 4/4/2025 4C.4 Offer open date 4/4/2025 4C.5 Offer closing date 15/4/2025 4C.7 +Issue date and last day for entity to announce results of +security purchase plan offer 23/4/2025 Part 4D - Listing Rule requirements 4D.1 Does the offer under the +securities purchase plan meet all of the requirements of listing rule 7.2 exception 5 or do you have a waiver from those requirements? Yes Appendix 3B - Proposed issue of securities 5/6 Appendix 3B - Proposed issue of securities Part 4E - Fees and expenses 4E.1 Will there be a lead manager or broker to the proposed offer? No 4E.2 Is the proposed offer to be underwritten? No 4E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No 4E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer Part 4F - Further Information 4F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue To advance the Mangaroon Gold Project, including Resource and regional drilling, complete mining approvals and studies, including a gravity gold study, along with drilling at Illaara. 4F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful? No 4F.2 Countries in which the entity has +security holders who will not be eligible to accept the proposed offer The offer is only available to residents in Australia and New Zealand. The Company has holders in Hong Kong, India, Saudi Arabia, Seychelles, Singapore, United Arab Emirates, United Kingdom, United States, South Africa, Malaysia and British Virgin Islands. 4F.3 URL on the entity's website where investors can download information about the proposed offer https://dreadnoughtresources.com.au/announcements 4F.4 Any other information the entity wishes to provide about the proposed offer ASX waiver has now been granted, allowing the Company to revert back to the initially indicated opening date of 4 April 2025. There are no other changes to the previous announcement. Appendix 3B - Proposed issue of securities 6/6