Announcement PDF Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au ASX ANNOUNCEMENT 1 September 2025 Star of Mangaroon Shines Gold Including 7m @ 46.7 g/t Au HIGHLIGHTS • Assays have been received from an additional 16 infill holes (1,198m) on the northern and southern sections of the Star of Mangaroon. These have returned shallow, thick, high-grade intercepts including: • SOMRC073: 7m @ 46.7 g/t Au from 27m, incl. 2m @ 103.8 g/t Au from 28m • SOMRC078: 12m @ 20.6 g/t Au from 3m, incl. 2m @ 112.9 g/t Au from 6m • SOMRC077: 3m @ 65.1 g/t Au from 93m, incl. 1m @ 162.8 g/t Au from 94m • SOMRC070: 6m @ 17.6 g/t Au from 66m, incl. 1m @ 98.2 g/t Au from 70m • These results are in addition to other recent infill drill results from Star of Mangaroon including: • SOMRC062: 8m @ 16.2 g/t Au from 20m, incl. 3m @ 32.2 g/t Au from 20m • SOMRC060: 4m @ 15.0 g/t Au from 72m, incl. 2m @ 29.3 g/t Au from 72m • SOMRC056: 6m @ 3.8 g/t Au from 8m, incl. 1m @ 14.8 g/t Au from 9m • Being shallow and high-grade, these results are expected to have a material, positive impact on both the Resource 23,300oz (56,600t @ 12.8 g/t Au), mine plan and project economics. Assays for the remaining 14 holes at Star of Mangaroon are expected in September 2025. An upgraded Resource, mine plan and study will then be completed as soon as possible. • The next RC drilling program at Mangaroon Au will commence in early September 2025. Dreadnought Resources Ltd (“Dreadnought”) is pleased to announce assays from RC drilling at the Mangaroon Gold Project (“Mangaroon”), in the Gascoyne region of WA. Dreadnought’s Managing Director, Dean Tuck, commented: “Infill drilling has delivered stand out results from the Star of Mangaroon. These results are expected to positively impact on the current Resource, mine plan and project economics. Drilling is set to commence in early September 2025 and will now involve additional drilling at the Star of Mangaroon in addition to follow up on encouraging results from Steve’s Reward and Lesgo and testing new targets” Figure 1: Photo of RC drilling at Star of Mangaroon. ASX:DRE Dreadnought Resources Ltd 1 Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au Infill Drilling – Star of Mangaroon (100%) (First right to negotiate development with Black Cat Syndicate Ltd) The overall infill program comprises 37 RC holes (2,894m) and 4 diamond holes (308m) and brings drilling to a 10m x 10m spacing within and around the current Resource (ASX 27 November 2024). All of the 41 holes intersected the target lode horizon. The current Resource is already 23,300oz (56,600t @ 12.8 g/t Au) and 83% Indicated. On just the shallow, high-grade results to date, a material positive upgrade to the Resource and ultimately project economics (ASX 28 January 2025) is expected. Assays have been received for the first 23 of the 37 RC holes and include: • SOMRC073: 7m @ 46.7 g/t Au from 27m, incl. 2m @ 103.8 g/t Au from 28m • SOMRC078: 12m @ 20.6 g/t Au from 3m, incl. 2m @ 112.9 g/t Au from 6m • SOMRC077: 3m @ 65.1 g/t Au from 93m, incl. 1m @ 162.8 g/t Au from 94m • SOMRC070: 6m @ 17.6 g/t Au from 66m, incl. 1m @ 98.2 g/t Au from 70m • SOMRC062: 8m @ 16.2 g/t Au from 20m, incl. 3m @ 32.2 g/t Au from 20m • SOMRC060: 4m @ 15.0 g/t Au from 72m, incl. 2m @ 29.3 g/t Au from 72m • SOMRC056: 6m @ 3.8 g/t Au from 8m, incl. 1m @ 14.8 g/t Au from 9m These results have produced thick, highgrade mineralisation in the northern section of the Star of Mangaroon including in areas previously thought to be mined out, as well as the southernmost line of drilling. Mineralisation at the Star of Mangaroon remains open to the north, and at depth. Given the results to date, some additional holes are planned to test the Star of Mangaroon at depth and to the north. Results for the remaining drill holes are expected in September 2025. Figure 2: Plan view map showing the location of recently completed drilling (blue dots) at Star of Mangaroon. ASX:DRE Dreadnought Resources Ltd 2 Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au Figure 3 (above): Plan view map showing the location of recent drilling with assay results (red dots) and pending assays (blue dots) at Star of Mangaroon in relation to historical drilling and the surface projection of mineralisation. Figure 4 (below): Cross section through Star of Mangaroon highlighting recent and previous assays in relation to the mineralised envelope and lithological contact between paragneiss and orthogneiss. ASX:DRE Dreadnought Resources Ltd 3 Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au Figure 5 (above): Cross section through Star of Mangaroon highlighting recent and previous assays in relation to the mineralised envelope and lithological contact between paragneiss and orthogneiss as well as the approximate location of previous mining. Figure 6 (below): Cross section through Star of Mangaroon highlighting recent and previous assays in relation to the mineralised envelope and lithological contact between paragneiss and orthogneiss as well as the approximate location of previous mining. ASX:DRE Dreadnought Resources Ltd 4 Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au Figure 7 (above): Cross section through Star of Mangaroon highlighting recent and previous assays in relation to the mineralised envelope and lithological contact between paragneiss and orthogneiss as well as the approximate location of previous mining. Figure 8 (below): Cross section through Star of Mangaroon highlighting recent and previous assays in relation to the mineralised envelope and lithological contact between paragneiss and orthogneiss. ASX:DRE Dreadnought Resources Ltd 5 Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au Dreadnought’s work plan summary Sep 2025 Quarter Dec 2025 Quarter Star of Mangaroon Open Pit Upgraded Resource and Mine Plan. Mining, Haul, Process Agreement, Approvals and Commencement of Production Mangaroon Drilling Star of Mangaroon, Pritchard’s, Steve’s Reward, Cullens, Midday Moon, Midnight Star Mar 2026 Quarter June 2026 Quarter Production and Processing Minga Bar, McCarthy, Nina, Lightening Ridge Mangaroon Exploration Star of Mangaroon, Bordah, High Range, Minga Bar, Alma Illaara Drilling (Aircore) Metzke’s, Lawrence, SW BIF Horizon, Black Oak – Homestead Upcoming News • • • • • • • • • • • September: Assays from Star of Mangaroon September: Updated Resource for Star of Mangaroon September: Commencement of regional drilling at Mangaroon Au September: Assays from diamond drilling at Stinger Nb-REE September: Results from geochemical survey at Lesgo September/December Quarter: Update on Star of Mangaroon processing agreement 15 October: Presenting at the Australian Gold Conference, Sydney NSW October: Updated mine plan and study for Star of Mangaroon October/November: Results from regional drilling at Mangaroon Au October/November: Mineralogy results from diamond drilling at Stinger Nb-REE November: Commencement of drilling at Illaara Gold Project For further information please refer to previous ASX announcements: • • • • • • • • • • • • • • • • 25 November 2020 15 March 2021 12 September 2022 7 June 2023 4 September 2023 11 December 2023 13 March 2024 26 July 2024 1 October 2024 14 October 2024 27 November 2024 28 January 2025 30 January 2025 18 March 2025 20 June 2025 25 August 2025 Mangaroon Ni-Cu-PGE & Au Project Exploration Commences at Mangaroon Ni-Cu-PGE & Au Project Star of Mangaroon Acquisition & Consolidation Mangaroon Gold Review and Further Consolidation Outstanding Gold Opportunities Along >10km Mangaroon Shear Zone Thick, High-Grade Gold Including 7m @ 23.0g/t Au Star of Mangaroon Camp Scale Gold Prospect Expands to ~15km x 10km Consolidation, Growth & Commercialisation Shallow, High-Grades at Star of Mangaroon & Popeye Exceptional Gold Recoveries from Star of Mangaroon Shallow, High-Grade, 84% Indicated Au Resource Robust Scoping Study for Star of Mangaroon Further Consolidation and High-Grade Gold at Mangaroon High Grade Gold Lode Extended Star of Mangaroon Extended Shallow, Thick, High-Grades at Mangaroon including 8m @ 16.2g/t Au ~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. ASX:DRE Dreadnought Resources Ltd 6 Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au Snapshot – Mangaroon Gold (100%) Mangaroon Gold is Large Scale • Mangaroon covers ~5,000kms2 with an initial focus on the gold system situated over the Mangaroon Shear Zone between the crustal scale Minga Bar and Edmund Faults with multiple phases of intrusions. Numerous historical workings along the Mangaroon Shear Zone have only seen limited drilling. This area also contains the ~12km x 6km Bordah and ~50km long High Range prospects where limited previous exploration has identified outcropping gold and base metal mineralisation. Self-Funded Explorer Strategy • Dreadnought’s strategy is to transform into a self-funded explorer. This involves a high-grade open pit at the Star of Mangaroon where funding, development, haulage & processing are outsourced to third parties. This is a common model in WA given the robust gold price. In this way, there is reduced reliance on market funding and internal cashflows are aimed at making life-changing discoveries. Consolidation Provides for First Ever Modern Exploration • All historical workings and known gold occurrences relate to outcropping mineralisation. There has been minimal historical and modern exploration due to fractured, small-scale ownership with Dreadnought now undertaking modern exploration for the first time. Significant, Step-change, Growth Potential • Five historical mines developed on outcropping mineralisation and dozens of gold occurrences along highly prospective structural corridors. • Dreadnought is deploying modern geochemical and geophysical techniques to explore for mineralisation under shallow cover. These techniques have already generated new prospects with stronger and larger signatures than the historical mines, including the region’s largest high-grade producer at the Star of Mangaroon mine. • Project-wide stream sediment sampling and geophysical surveys have identified additional camp scale prospects at Bordah and High Range. Shallow, High-grade Gold • The initial Resource at Star of Mangaroon contains shallow, high-grade gold as per Table 1 below: Table 1: Resource (2g/t Au cut-off grade) - Numbers may not add up due to rounding. Type Transition Fresh Total • Indicated Tonnes 1,900 42,500 44,400 Au (g/t) 26.9 13.0 13.6 Inferred Au (Oz) 1,700 17,800 19,500 Tonnes 12,200 12,200 Au (g/t) 9.8 9.8 Total Au (Oz) 3,900 3,900 Tonnes 1,900 54,700 56,600 Au (g/t) 26.9 12.3 12.8 Au (Oz) 1,700 21,700 23,400 Also, Popeye, located <1km from the Star of Mangaroon, contains significant shallow high-grade gold including: POPRC001: 3m @ 22.8 g/t Au from 13m POPRC002: 1m @ 1.6 g/t Au, 15.5g/t Ag from 11m Exceptional Metallurgical Recoveries • The region is known for its free gold. Accordingly, metallurgical work at Star of Mangaroon produced exceptional recoveries from standard gravity and carbon in leach circuits averaging 96.7% combined recovery including an average 74.4% gravity recovery (ASX 14 Oct 2024). ASX:DRE Dreadnought Resources Ltd 7 Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au Mangaroon Project Mangaroon covers ~5,000kms2 and is located 250kms south-east of Exmouth in the Gascoyne Region of WA. Since 2020, Dreadnought has identified three major focus areas within the Mangaroon Project: Mangaroon Gold (100%) Outcropping gold mineralisation was first identified and mined at Mangaroon by local pastoralists and prospectors in the 1960s and has seen no modern gold exploration. Dreadnought has consolidated this gold field and is undertaking the first modern exploration across the region which has identified five camp scale gold opportunities at Bordah, High Range, Alma, Minga Bar and Star of Mangaroon. In addition, the project contains granted mining leases that provide an opportunity for cashflow including the Star of Mangaroon Mine where Dreadnought has delivered a 23,400 oz Resource at 12.8g/t Au (84% Indicated) Gifford Creek Critical Metals (100%) Dreadnought discovered the Yin Ironstones and the Gifford Creek Carbonatite in 2021. Since then, the Gifford Creek Carbonatite Complex has emerged as a globally significant, rapidly growing, potential source of critical minerals. Highlights include: • Discovery of the Yin REE Ironstone Complex and delivery of a 30.0Mt @ 1.04% TREO Resource 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-Ti-Sc enriched Gifford Creek Carbonatite (ASX 7 Aug 2023). • Delivery of a large, independent initial Resource of 10.8Mt @ 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). • Discovery of Stinger Nb-REE-P-Ti-Sc-Zr bearing carbonatite and delivery of the Stinger Niobium Exploration Target (ASX 3 Mar 2025). Money Intrusion Ni-Cu-PGEs (Teck Earn-In) The Money Intrusion is a ~45km long mafic intrusion prospective for Ni-Cu-PGE massive sulphides. In 2023, Dreadnought discovered high tenor nickel-copper massive sulphides confirming the potential of this new system. Dreadnought entered in to a $15M Farm-In and Joint Venture agreement with Teck Resources, a leading Canadian resource company, to earn up to 75% of the Money Intrusion tenements. Illaara Gold Project (100%) Illaara is located ~190km northwest of Kalgoorlie in the Yilgarn Craton. The project comprises ~800km2 covering ~70km of strike along the Illaara greenstone belts. Illaara was acquired off Newmont in 2019 as an early stage exploration project prospective for typical Archean mesothermal lode gold deposits. Dreadnought has delivered a 14,900 oz @ 6.8g/t Au Resource at Metzke’s Find (72% Indicated). Prior to consolidation by Dreadnought, Illaara was predominantly held by iron ore explorers and remains highly prospective for iron ore amongst other commodities. Kimberley Cu-Au-Sb Project (Tarraji 80% / Yampi 100%) Tarraji-Yampi covers ~420km2 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. In 2021, Dreadnought discovered high grade Cu-Au massive sulphides at Orion with results to date indicating a large scale, Proterozoic Cu-Au VMS system at Tarraji-Yampi, similar to DeGrussa and Monty in the Bryah Basin. In addition, the project contains outcropping high-grade Cu-Ag-Sb-Bi Veins at Rough Triangle and Grant’s Find. ASX:DRE Dreadnought Resources Ltd 8 Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au Cautionary Statement This announcement and information, opinions or conclusions expressed in the course of this announcement 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. Competent Person’s Statement – Mineral Resources The information in this announcement that relates to the Star of Mangaroon Mineral Resource is based on information compiled by Mr. Paul Payne, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr. Payne is a full-time employee of Payne Geological Services Pty Ltd and is a shareholder of Dreadnought Resources Limited. Mr. Payne 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. Payne 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 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 further new information or data that materially affects the information included in the original market announcements by Dreadnought Resources Limited referenced in this report and in the case of Mineral Resources, Production Targets, forecast financial information and Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. To the extent disclosed above, the Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements. Resources Summary Star of Mangaroon – Indicated and Inferred Resources (ASX 27 November 2024) Table 2: Resource (2g/t Au cut off grade) - Numbers may not add up due to rounding Type Transition Fresh Total Tonnes 1,900 42,500 44,400 Indicated Au (g/t) 26.9 13.0 13.6 Au (Oz) 1,700 17,800 19,500 Inferred Au (g/t) 9.8 9.8 Tonnes 12,200 12,200 Au (Oz) 3,900 3,900 Tonnes 1,900 54,700 56,600 Total Au (g/t) 26.9 12.3 12.8 Au (Oz) 1,700 21,700 23,400 Au (Oz) 600 3,600 4,200 Tonnes 1,900 66,500 68,400 Total Au (g/t) 10.3 6.7 6.8 Au (Oz) 600 14,300 14,900 Metzke’s Find – Indicated and Inferred Resources (ASX 27 April 2023) Table 3: Resource (0.5g/t Au cut off grade) - Numbers may not add up due to rounding Type Transition Fresh Total Tonnes 800 44,600 45,00 Indicated Au (g/t) 1.1 7.4 7.3 Au (Oz) 30 10,600 10,700 Inferred Au (g/t) 17.4 5.2 5.8 Tonnes 1,100 21,800 22,900 Yin Ironstone Complex – Yin, Yin South, Y2, Sabre Measured, Indicated and Inferred Resources (ASX 30 November 2023) Table 4: Summary of Yin Resources at 0.20% TREO Cut off. Type Oxide Fresh Total Tonnes (Mt) 2.47 2.70 5.17 Measured TREO (%) 1.61 1.09 1.34 TREO (kt) 39.7 29.5 69.3 Tonnes (Mt) 13.46 7.67 21.13 Indicated TREO (%) 1.06 0.95 1.02 TREO (t) 142.6 72.8 215.4 Tonnes (Mt) 1.51 2.17 3.68 Inferred TREO (%) 0.75 0.75 0.75 TREO (t) 11.2 16.3 27.6 Tonnes (Mt) 17.44 12.54 29.98 TREO (%) 1.11 0.95 1.04 Total TREO (t) 193.6 118.7 312.3 NdPr:TREO Ratio (%) 29 29 29 TREO (t) 106.4 47.9 154.3 Tonnes (Mt) 0.26 0.42 0.68 Inferred TREO (%) 1.67 1.72 1.70 TREO (t) 4.3 7.3 11.6 Tonnes (Mt) 7.20 4.43 11.63 TREO (%) 2.03 1.76 1.93 Total TREO (t) 146.3 78.0 224.3 NdPr:TREO Ratio (%) 30 29 29 Table 5: Summary of Yin Resources at 1.00% TREO Cut off. Type Oxide Fresh Total Tonnes (Mt) 1.60 1.36 2.96 Measured TREO (%) 2.22 1.68 1.97 TREO (kt) 35.6 22.8 58.4 Tonnes (Mt) 5.34 2.65 7.99 Indicated TREO (%) 1.99 1.81 1.93 Gifford Creek Carbonatite – Inferred Resource (ASX 28 August 2023) Table 6: Summary of the Gifford Creek Carbonatite Inferred Resource at various % TREO Cut offs. Cut-Off (%TREO) 0.70 ASX:DRE Resource (Mt) 10.84 TREO (%) 1.00 NdPr:TREO (%) 21 Nb2O5 (%) 0.22 P2O5 (%) 3.5 TiO2 (%) 4.9 Sc (ppm) 85 Contained TREO (t) 108,000 Contained Nb2O5 (t) 23,700 Dreadnought Resources Ltd 9 Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au Table 7: Drill Collar Data (GDA94 MGAz50) and Significant Intercepts (>0.1g/t Au) Hole ID LGRC001 SOMRC056 Including SOMRC057 SOMRC058 SOMRC059 And SOMRC060 Including SOMRC061 SOMRC062 Including SOMRC063 SOMRC064 SOMRC065 Including Including SOMRC066 SOMRC067 SOMRC068 SOMRC069 SOMRC070 Including SOMRC071 SOMRC072 SOMRC073 Including SOMRC074 Including SOMRC075 SOMRC076 SOMRC077 Including SOMRC078 Including SOMRC079 SOMRC080 SOMRC081 SOMRC082 SOMRC083 SOMRC084 SOMRC085 SOMRC086 SOMRC087 SOMRC088 SOMRC089 SOMRC090 SOMRC091 SOMRC092 ASX:DRE From 22 8 9 35 42 63 68 72 72 87 20 20 38 55 70 72 73 86 11 50 65 66 70 93 0 27 28 42 44 59 79 93 94 3 6 To 23 14 10 38 43 64 69 76 74 88 28 23 39 58 76 76 74 87 12 51 66 72 71 96 3 33 30 47 45 60 82 96 95 15 8 Assays Assays Assays Assays Assays Assays Assays Assays Assays Assays Assays Assays Assays Assays Interval (m) 1 6 1 3 1 1 1 4 2 1 8 3 1 3 6 4 1 1 1 1 1 6 1 3 3 7 2 5 1 1 3 3 1 12 2 Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Grade (g/t Au) 7.4 3.8 14.8 2.0 2.2 7.7 1.2 15.1 29.3 2.6 16.2 32.2 3.5 10.6 3.8 5.4 10.6 3.9 1.2 0.2 10.6 17.6 98.2 0.2 0.5 46.7 103.8 7.6 35.6 22.8 0.3 65.1 162.8 20.6 112.9 Prospect Lesgo Star of Mangaroon Dreadnought Resources Ltd 10 Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au Table 8: Drill Collar Data (GDA94 MGAz50) Hole ID LGRC001 LGRC002 LGRC003 POPDD001 POPRC017 POPRC018 POPRC019 POPRC020 POPRC021 POPRC022 POPRC023 POPRC024 POPRC025 SOMDD010 SOMDD011 SOMDD012 SOMDD013 SOMRC056 SOMRC057 SOMRC058 SOMRC059 SOMRC060 SOMRC061 SOMRC062 SOMRC063 SOMRC064 SOMRC065 SOMRC066 SOMRC067 SOMRC068 SOMRC069 SOMRC070 SOMRC071 SOMRC072 SOMRC073 SOMRC074 SOMRC075 SOMRC076 SOMRC077 SOMRC078 SOMRC079 SOMRC080 SOMRC081 SOMRC082 SOMRC083 SOMRC084 SOMRC085 SOMRC086 SOMRC087 SOMRC088 SOMRC089 SOMRC090 SOMRC091 SOMRC092 ASX:DRE Easting 371144 371179 371214 372599 372583 372543 372501 372574 372705 372665 372625 372279 372310 372318 372404 372364 372386 372325 372345 372360 372370 372378 372396 372332 372350 372365 372378 372390 372309 372352 372365 372373 372402 372312 372335 372349 372366 372395 372406 372315 372352 372380 372315 372370 372411 372351 372363 372378 372393 372404 372370 372386 372401 372335 Northing 7364218 7364235 7364254 7359436 7359031 7359034 7359035 7359406 7359693 7359694 7359695 7359603 7359635 7359775 7359784 7359779 7359826 7359830 7359827 7359826 7359830 7359829 7359826 7359809 7359809 7359808 7359808 7359807 7359758 7359755 7359751 7359755 7359753 7359771 7359772 7359764 7359766 7359770 7359771 7359781 7359779 7359771 7359788 7359780 7359777 7359790 7359787 7359789 7359787 7359787 7359798 7359791 7359809 7359795 RL 301 301 299 288 285 286 285 283 282 281 282 289 289 283 282 282 290 291 288 288 288 288 289 283 282 284 284 283 284 284 283 283 286 283 283 283 283 284 272 274 276 273 273 274 272 272 272 272 272 272 273 273 272 273 Dip -60 -60 -60 -61 -60 -60 -60 -58 -58 -60 -60 -61 -60 -60 -60 -59 -60 -60 -58 -60 -60 -60 -60 -61 -60 -60 -60 -61 -60 -60 -60 -60 -60 -60 -61 -60 -60 -61 -60 -59 -60 -59 -59 -59 -59 -59 -59 -60 -60 -60 -59 -59 -58 -60 Azi 246 244 245 168 189 86 92 69 97 90 92 228 225 304 273 276 271 280 291 281 284 279 280 282 281 280 283 282 311 283 284 283 282 307 286 283 283 282 283 309 282 281 283 279 280 280 279 279 280 281 278 281 287 285 EOH 82 82 82 20 82 82 82 82 82 82 82 82 82 24 110 79 95 28 70 82 88 88 112 46 58 82 94 106 22 72 90 96 114 24 54 72 84 86 120 24 66 90 30 78 120 66 84 102 96 102 84 102 114 48 Type RC RC RC DDH RC RC RC RC RC RC RC RC RC DDH DDH DDH DDH 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 RC RC RC RC RC RC RC RC RC Prospect Lesgo Popeye Star of Mangaroon Dreadnought Resources Ltd 11 Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au 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 assay. • • • 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. RC Drilling Two sampling techniques were utilised for the RC drilling, 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 help 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 gold by Photon assay from crushed sample (ALS Method Au-PA01). Select samples are also submitted for 48 multi-elements via 4 acid digestion with MS/ICP finish (ALS Code ME-MS61) to assist with lithological interpretation. QAQC samples consisting of duplicates, blanks and CRM’s (OREAS Standards) are inserted through the program at a rate of 1:50 samples. Drilling techniques Drill sample recovery • • • • Logging • • • 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. 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 relevant intersections logged. RC Drilling Drilling was completed by Precision Exploration Drilling (PXD) utilising a KWL 350 truck mounted drill rig with additional air from an auxiliary compressor and booster. Bit size was 5¾“. 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. RC Drilling RC chips were logged under the supervision of a Senior Geologist with sufficient experience in this geological terrane and relevant styles of mineralisation using an industry standard