Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au ASX ANNOUNCEMENT 29 September 2025 Fresh Rare Earth Surprise - 140m @ 0.9% TREO from Stinger HIGHLIGHTS • As part of inbound commercial interest, a 4-hole diamond drill program was recently completed at the Stinger niobium deposit to gather oxide mineralisation for metallurgical testing. The program twinned previous holes and co-funding by the Exploration Incentive Scheme by the Geological Survey of Western Australia allowed for 2 holes to each be extended to ~450m to gain an understanding of the fresh zones underneath. Given the metallurgical nature of the program, assaying was not expected. • However, one of the deeper holes (CBDD011) intercepted a thick rare earth carbonatite that has not previously been seen at Gifford Creek. CBDD011 was assayed and returned: 140m @ 0.9% TREO (24% NdPr:TREO) from 307m. • Weathering of carbonatites tends to upgrade critical metals by a factor of 3-6 times which has already been seen in the niobium results at Stinger. Therefore, the up-dip extension of CBDD011 (Figure 1) represents a compelling high-grade drill target. • Additionally, CBDD011 is largely comprised of a not previously seen fractionated zone (barium and strontium enriched calcite carbonatite) with similarities to the globally significant Mountain Pass deposit in the US (MP – NYSE). • Mineralogical work of both the oxide and underlying fresh carbonatite is currently underway at the Australia National University. Dreadnought Resources Ltd (“Dreadnought”) is pleased to announce results from drilling at the Stringer niobium deposit located in the Gifford Creek Carbonatite (“Gifford Creek”) part of the 100% owned Mangaroon Critical Metals project in the Gascoyne region of WA. Dreadnought’s Managing Director, Dean Tuck, commented: “Gifford Creek is one of the largest carbonatite complexes globally and already contains multiple critical minerals including niobium, rare earths, titanium, scandium and phosphorus. The discovery of thick mineralised rare earths underneath Stringer is yet another example of the shallow, high-grade at Gifford Creek. There is a rebounding market sentiment for critical metals and we have been receiving an increasing amount of inbound commercial interest. The metallurgical work will be of great assistance in this regard. While Finding More Gold, Faster is our strategy we are not going to ignore the potential value of one of the largest carbonatite complexes in the world.” Carbonatite expert, Ross Chandler, commented: “The discovery of this new style of carbonatite-hosted REE mineralisation within the Gifford Creek Carbonatite represents a significant step change for REE exploration within the Gascoyne Province. With geochemical and geological similarities to major carbonatite-hosted REE deposits globally such as Mountain Pass (USA), the identification of Ba-Sr-enriched calcite carbonatite at Mangaroon opens up a new search space for both primary and weathered REE mineralisation in the central carbonatite complex” Figure 1: Cross section view of the Stinger niobium deposit showing the location of previous intercepts in relation to the geology and the high-grade rare earth target in the saprolite (oxides) above the rare earth enriched carbonatite (fresh). 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 Metallurgical and Extensional Drilling: Gifford Creek (100%) As part of inbound commercial interest, a 4 hole diamond drill program was recently completed at the Stinger niobium deposit to gather oxide mineralisation for metallurgical testing. The program twinned previous holes and co-funding by the Exploration Incentive Scheme by the Geological Survey of Western Australia (GSWA) allowed for 2 holes to each be extended to ~450m so as to gain an understanding of the fresh zones underneath. The program consisted of: • 2 holes twinned CBRC195 & CBRC200 (300.9m) to solely produce shallow oxide material for metallurgical testing; and • 2 holes twinned holes CBRC194 and CBRC201 also to produce shallow oxide material for metallurgical testing and, with $180,000 of EIS co-funding from the GSWA, extended to ~450m each to gain an understanding of the fresh zones underneath. The twinned holes comprised a strong mix of niobium, rare earths and other critical metals including: CBRC194: 122m @ 0.6% Nb2O5 from 64m, including 26m @ 1.1% Nb2O5 from 99m; and 116m @ 10.5% P2O5 from 70m, including 20m @ 21.9% P2O5 from 138m CBRC195: 130m @ 0.7% Nb2O5 from 71m, including 39m @ 1.3% Nb2O5 from 84m 97m @ 0.9% TREO from 57m, including 23m @ 1.6% TREO from 71m CBRC200: 95m @ 0.9% Nb2O5 from 48m, including 20m @ 1.4% Nb2O5 from 102m 90m @ 1.1% TREO from 48m, including 8m @ 3.1% TREO from 72m 89m @ 8.9% TiO2 from 48m, including 8m @ 22.2% TiO2 from 72m 66m @ 1.0% ZrO2 from 72m, including 19m @ 1.4% ZrO2 from 104m CBRC201: 98m @ 0.7% Nb2O5 from 54m, including 41m @ 1.1% Nb2O5 from 85m However, one of the deeper holes (CBDD011) intercepted a thick rare earth carbonatite that has not previously been seen at Gifford Creek. CBDD011 was assayed and returned: • 140m @ 0.9% TREO (24% NdPr:TREO Ratio) from 307m. The oxide section of CBDD011 has not been assayed as it is being used for metallurgical testing. However, the twinned hole (CBRC194) returned: o 122m @ 0.6% Nb2O5 from 64m, including 26m @ 1.1% Nb2O5 from 99m; and 116m @ 10.5% P2O5 from 70m, including 20m @ 21.9% P2O5 from 138m CBDD011 intersected a thick zone of barium and strontium enriched calcite carbonatite mineralised with coarsegrained rare-earth minerals. The mineralogy is believed to be a mix of rare earth carbonates (bastnaesite) and rare earth phosphates (monazite and apatite). Mineralogical work is currently underway with Australia National University. Results from elsewhere in Stringer indicate that the oxide increases grade by 3-6 times which is in line with weathering upgrade factors within global carbonatite deposits. The oxide above CBDD011 may also upgrade accordingly from: CBDD011: 140m @ 0.9% TREO (24% NdPr:TREO) from 307m Additionally, CBDD011 is largely comprised of a not previously seen fractionated zone (barium and strontium enriched calcite carbonatite) with similarities to the globally significant Mountain Pass deposit in the US (MP – NYSE). The discovery of this highly fractionated zone within Gifford Creek highlights both its significant potential for further discovery with 25% of the carbonatite only tested by first pass, wide spaced drilling. Mineralogical work of both the fresh and weathered carbonatite is ongoing. 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 Upcoming News • • • • • • • Figure 2: Map showing the locations of significant niobium intercepts within Gifford Creek. 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: • • • • • • • December 2023 6 June 2024 12 August 2024 19 August 2024 9 October 2024 3 March 2025 7 July 2025 Gifford Creek REE-Nb-P-Ti-Sc Carbonatite Drilling Update Gifford Creek REE-Nb Carbonatite Update Gifford Creek Niobium Drilling Update Thick High-Grade Niobium Intercepts from Gifford Creek Carbonatite Exceptional Niobium Intercepts at the Stinger Discovery Stinger Niobium Exploration Target Critical Metals Update – Gifford Creek Carbonatite ~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 3 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 4 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 1: 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 2: 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 3: 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 4: 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 5: 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 5 Unit 1, 4 Burgay Court, Osborne Park, WA 6017 +61 8 9473 8345 info@dreres.com.au www.dreadnoughtresources.com.au Table 6: Gifford Creek TREO and Niobium Intersections based on a minimum length of 3m and a lower cut off grade of 0.3% TREO or 0.1% Nb2O5), Drill Collar Data (GDA94 MGAz50) Hole ID Easting Northing RL Dip Azi EOH Type CBDD011 415993 7348105 310 -60 30 450.6 DD From (m) To (m) Interval (m) TREO (%) Nb2O5 (%) 187 307 307 447 120 140 0.1 0.9 447 450.6 13.6 0.2 0.2 0.1 0.1 Prospect Stinger 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 • 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. Diamond drilling (DD) drilling was undertaken to produce samples for assay. 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.). Diamond Drilling 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. Diamond Drilling 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. Diamond Drilling Diamond core is logged under supervision of a Senior Geologist with sufficient experience in this geological terrane and relevant styles of mineralisation using an industry standard logging system which could eventually be utilised within a Mineral Resource Estimation. If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Diamond Drilling • • • Drilling techniques Drill sample recovery • • • • Logging • • • Sub-sampling techniques and sample preparation • • • ASX:DRE Diamond Core Core is orientated for structural and geotechnical logging where possible. In orientated core, half core is submitted to the lab for analysis in intervals ranging from 20cm to 1m depending on the geological context. If core is orientated, then the half core is cut so as to preserve the orientation line with the same side of the core submitted down the hole. All samples are submitted to ALS Laboratories in Perth for determination of critical metals by by Lithium Borate Fusion and ICP-MS and ICP-AES (ALS Method ME-MS81h and MEICP06h). QAQC samples consisting of duplicates, blanks and CRM’s (OREAS Standards) are inserted through the program at a rate of 1:50 samples. Drilling was completed by PCD with a truck-mounted low impact diamond drill rig. Drilling is either PQ and or HQ through the oxide and HQ in fresh rock to end of hole. Core was orientated using an Axis Champ North-seeking Gyro and True Core Orientation Tool. HQ and NQ triple tube drilling has been undertaken. All core recoveries are measured and recorded by the drill crew for each run and remeasured and checked by Dreadnought personnel. Core recovery to date has been very high. At this stage, no known bias occurs between sample recovery and grade. Lithology, mineralisation, alteration, veining, texture, weathering and structure are recorded digitally. DD logging is qualitative, quantitative or semi-quantitative in nature. 20cm – 1m half or quarter core samples are sawn and submitted to the lab for analysis. If core is orientated, then the core is cut so as to preserve the orientation line with the same side of the core submitted down the hole. 2-3kg samples are submitted to ALS laboratories (Perth), oven dried to 105°C and pulverised to 85% passing 75um to 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 Criteria JORC Code explanation Commentary • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled. produce a 0.1g charge for determination of Niobium and Rare Earth Oxides, Titanium, Phosphate and Zirconium by Lithium Borate Fusion and ICP-MS and ICP-AES (ALS Method MEMS81h and ME-ICP06h). The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. Laboratory Analysis The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data. Logging and Sampling • • Quality of assay data and laboratory tests • • • Verification of sampling and assaying • • • • Standard laboratory QAQC is undertaken and monitored. Lithium borate fusion is considered a total digest and Methods ME-MS81h and ME-ICP06h are appropriate for Nb2O5, REE, P2O5, TiO2 ZrO2 determination. Standard laboratory QAQC is undertaken and monitored by the laboratory and by the company upon assay result receival. Logging and sampling were recorded directly into a digital logging system, verified and eventually stored in an offsite database. Significant intersections are inspected by senior company personnel. No analysis of the diamond twin compared to the RC drilling in the oxide portion of the hole has been completed at this time as material is being preserved for mineralogical and metallurgical purposes. No adjustments to any assay data have been undertaken. Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control. Collar position was recorded using a Emlid Reach RS2 RTK GPS system (+/- 0.3m x/y, +/-0.5m z). Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied. See table 7 for hole positions and sampling information. Drilling was undertaken at a near perpendicular angle to the interpreted strike and dip of the mineralised lode. • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. Sample security • The measures taken to ensure sample security. All geochemical samples were collected, bagged, and sealed by Dreadnought staff and were delivered to Galt Mining Solutions for processing and then to ALS in Perth. Audits or reviews • The results of any audits or reviews of sampling techniques and data. The program is continuously reviewed by senior company personnel. Location of data points • • • Data spacing and distribution • • • Orientation of data in relation to geological structure ASX:DRE • GDA94 Z50s is the grid format for all xyz data reported. Azimuth and dip of the drill hole was recorded by PXD after the completion of the hole using an Axis Champ Gyro. A reading was undertaken every 20th metre with an accuracy of +/- 0.75° azimuth and +/-0.15° dip. Data spacing at this stage is not suitable for Mineral Resource Estimation. No sample bias is known at this time. 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 Section 2 Reporting of Exploration Results (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Mineral tenement and land tenure status • The Mangaroon Project consists of 22 granted Exploration License (E08/3178, E08/3229, E08/3274, E08/3275, E08/3439, E09/2195, E09/2290, E09/2359, E09/2370, E09/2384, E09/2405, E09/2422, E09/2433, E09/2448, E09/2449, E09/2450, E09/2467, E09/2473, E09/2478, E09/2479, E09/2535, E09/2616), 1 pending Exploration License (E08/3539) and 6 granted Mining Licenses (M09/63, M09/91, M09/146, M09/147, M09/174, M09/175). All tenements are 100% owned by Dreadnought Resources. E08/3178, E09/2370, E09/2384, E09/2433, E08/3274, E08/3275, E09/2433, E09/2448, E09/2449, E09/2450 are subject to a 1% Gross Revenue Royalty held by Beau Resources. E09/2359 is subject to a 1% Gross Revenue Royalty held by Prager Pty Ltd. E09/2422, E08/*3229 and E08/3539 are subject to a 1% Gross Revenue Royalty held by Redscope Enterprises Pty Ltd. E09/2290, M09/146 and M09/147 are subject to a 1% Gross Revenue Royalty held by STEHN, Anthony Paterson and BROWN, Michael John Barry. E09/2497 is subject to a 1% net smelter royalty held by Nina Minerals Pty Ltd. M09/174 is subject to a 0.5% Gross Revenue Royalty held by STEHN, Anthony Paterson. M09/175 is subject to a 0.5% Gross Revenue Royalty held by STEHN, Anthony Paterson and BROWN, Michael John Barry. M09/91 is subject to a 1% Gross Royalty held by DOREY, Robert Lionel. M09/63 and E09/2195 are subject to a 1% Net Smelter Royalry held by James Arthur Millar The Mangaroon Project covers 4 Native Title Determinations including the Budina (WAD131/2004), Thudgari (WAD6212/1998), Gnulli (WAD22/2019) and the Combined Thiin-Mah, Warriyangka, Tharrkari and Jiwarli (WAD464/2016). The Mangaroon Project is located over Lyndon, Mangaroon, Gifford Creek, Maroonah, Minnie Creek, Edmund, Williambury and Towera Stations. Historical exploration of a sufficiently high standard was carried out by a few