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 7 October 2024 Strong Drilling Results from Tarraji-Yampi (80%, 100%) HIGHLIGHTS • Assays from a diamond drilling program (6 holes, 1,524.8m) at Tarraji-Yampi have been received. These holes were designed to test 6 Cu-Au volcanogenic massive sulphide (“VMS”) targets around the Orion deposit and to identify potential off-hole conductors. • Significant results were returned from the Orion, Orion Repeat, Orion Offset and OR1 targets: Orion and Orion Repeat: KMDD001: 3m @ 4.5% Cu, 2.2g/t Au, 46.0 g/t Ag, 0.15% Co from 58.3m Orion Offset: And: 16m @ 0.7% Zn, 0.7% Pb, 12.7g/t Ag, 0.1g/t Au from 162m Including: 2m @ 2.6% Zn, 1.1% Pb, 26.8g/t Ag, 0.1g/t Au from 173m KMDD004: 5m @ 0.4% Cu, 0.5 g/t Ag from 11m And: 1m @ 1.3% Zn, 0.7% Pb, 32.2g/t Ag, 0.1g/t Au from 23m And a 50,000S conductor spanning ~150m x 150m, located ~100m down dip And: 2m @ 0.9% Zn, 0.2% Pb, 3.8g/t Ag from 106m And a 15,000S conductor spanning ~90m x 140m located ~80m down dip OR1: KMDD006: 6m @ 1.2% Cu, 0.08% Co from 27m Including: 2m @ 2.0% Cu, 0.19% Co from 28m And a 24,300S conductor spanning ~80m x 200m, located ~180m down dip • Additionally, a strong 14,500S off hole conductor spanning ~335m x 350m was defined at OR2. • Results from the regional IP survey are expected in October 2024. Dreadnought Resources Limited (“Dreadnought”) is pleased to announce results from a diamond drilling program and down hole EM (“DHEM”) surveys at Tarraji-Yampi, located in the Kimberley Region of Western Australia. Dreadnought’s Managing Director, Dean Tuck, commented: “This drilling program was designed to identify new zones of mineralisation within and around the same feeder structures as Orion to better understand the Cu-Au VMS system. This program has delivered 6 new zones of mineralisation and four off-hole conductors that warrant follow up drilling. This is a successful outcome for the program and validation of the VMS model of mineralisation. As part of this program, an EIS co-funded IP survey was undertaken to test the effectiveness of IP at identifying Grant’s Find style Epithermal / Mesothermal Cu-Au mineralisation. The significant intersection of this style of mineralisation at OR1 underscores the importance of this work and we expect the results of that survey in October 2024.” Figure 1: Photo of the Topdrill diamond rig at Orion Repeat. 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 Technical Discussion of Diamond Drilling In the Phase 1 drill program (6 holes, 1,640m), 5 of the 6 targets were located along the same interpreted feeder structure as the Orion deposit and were defined by highly conductive, magnetic anomalies associated with elevated pathfinder geochemistry. These targets include the depth extension of Orion. The 6-hole Phase 1 drill program targets are discussed and summarised below. Orion Repeat was defined by a 3,500S FLEM conductor and coincident VMS pathfinder geochemistry that sits beneath previous drilling at Orion. KMDD001 was drilled through the main Orion lode and into the centre of the FLEM plate intersecting 3m of massive to semi-massive sulphides at the Orion lode with significant intercept of: KMDD001: 3m @ 4.5% Cu, 2.2g/t Au, 46.0 g/t Ag, 0.15% Co from 58.3m and 16m of mineralisation at the target Orion Repeat horizon including: KMDD001:16m @ 0.7% Zn, 0.7% Pb, 12.7g/t Ag, 0.1g/t Au from 162m Including: 2m @ 2.6% Zn, 1.1% Pb, 26.8g/t Ag, 0.1g/t Au from 173m DHEM produced an on-hole response, indicating the FLEM target was tested. The DHEM plate measured ~13,000S with dimensions of ~150m x 140m. The centre of the plate is located below and to the south of the KMDD001. Pb-Zn mineralisation is indicative of the lower temperature edges of a massive sulphide system. This target warrants additional drilling. Figure 2: Cross Section view showing the results of KMDD001 testing the Orion Repeat target located below the main Orion Lode. 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 Orion Offset was defined by a 3,800S FLEM conductor with coincident VMS pathfinder geochemistry. KMDD004 was drilled into the centre of the modelled FLEM plate and intersected a ~3.2m wide copper-stained mineralised gossan, shallower than the target conductor with significant results including: KMDD004: 5m @ 0.4% Cu, 0.5 g/t Ag from 11m A second mineralised horizon was intersected just below the gossanous horizon with significant results including: KMDD004: 1m @ 1.3% Zn, 0.7% Pb, 32.2g/t Ag, 0.1g/t Au from 23m DHEM produced an off-hole response down dip of the mineralised intervals. The DHEM plate measured ~50,000S with dimensions of ~150m x 150m located ~100m down dip of the mineralised intercepts and is interpreted to be the offset of the main Orion lode. This target warrants additional drilling. A third mineralised horizon was intersected at target depth returning a significant result of: KMDD004: 2m @ 0.7% Zn, 0.2% Pb, 3.8g/t Ag from 106m DHEM produced an off-hole response associated with this target interval measuring ~15,000S with dimensions of ~90m x 150m located ~80m down dip and to the north of the drill hole. This off-hole conductor warrants additional drilling. Figure 3: Cross Section view showing the results of KMDD004 testing the Orion Offset target and intersecting two mineralised zones with strong off hole conductors. 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 OR1 was the only target drilled off the interpreted Orion feeder structure, targeting a strong “edge hit” 16,700S DHEM conductor defined from KMRC060 (2m @ 0.4% Pb and 16.6g/t Ag from 106m) along a prospective peperite contact coincident with the DHEM conductor. KMDD006 was drilled to test the modelled plate produced no significant assay results, however, the DHEM confirms that the target was not tested. An off-hole conductor of 24,300S, consistent with a massive sulphide source, was identified which sits further down dip of the mineralised horizons intersected in KMRC060 and KMDD006. This OR1 target is ~82m x 200m in size and remains a priority target for follow up drilling. KMDD006 also intersected a ~6m wide stockwork or Grant’s Find style Cu-Co mineralisation returning: KMDD006: 6m @ 1.2% Cu, 0.08% Co from 27m Including: 2m @ 2.0% Cu, 0.19% Co from 28m Both the off-hole conductor and Grant’s Find style mineralisation warrant follow up drilling. Figure 4: Cross Section view showing the results of KMDD006 testing the OR1 target and intersecting two mineralised zones with strong off hole conductor at depth. 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 OR2 was a 7,200S off hole conductor located beneath the strongest Cu auger geochemical anomaly (stronger than Orion) with VMS pathfinder geochemistry. KMRC062, which is the hole from where the DHEM conductor originated, contained elevated AgBi-Mo-Sb-Se at the prospective peperite contact. KMDD005 was drilled into the centre of the modelled plate which was explained by a sulphidic shale. DHEM confirmed that the target plate was tested at the target depth. DHEM also identified a strong 14,500S off-hole conductor, consistent with a massive sulphide source, located further down dip and between KMDD005 and KMRC062 on the same prospective mineralised horizon. This OR2 DHEM target is ~335m x 350m in size and remains a priority drill target. Orion Extension was defined by a large and strong magnetic anomaly at depth of the main Orion lode. KMDD002 was drilled to test the centre of this magnetic anomaly and a hanging wall lode that was intersected in KMRD056 (1.35m @ 1.0% Cu). Drilling intersected six variably mineralised peperite horizons with no significant mineralisation. The magnetic anomaly is explained by thick pyrrhotite accumulations between 420m and 440m. DHEM confirms that the target horizon was tested with a ~47,000S plate centred around 420m depth associated with ~510% sulphides dominated by pyrrhotite and pyrite with only trace chalcopyrite, sphalerite, galena and arsenopyrite. This target is considered effectively tested and explained. Orion Splay was defined by multiple DHEM conductors up to 28,000S that have an orientation sub-parallel to the interpreted feeder structure that might also be offsetting the main Orion deposit. Adjacent drill holes are elevated in VMS pathfinder geochemistry. KMDD003 was drilled to test multiple DHEM plates. The most significant mineralisation was 1m @ 0.4% Zn, 0.2% Pb and 0.4g/t Au from 81m. DHEM confirms that all plates were effectively tested and explained. Figure 5: Plan view image showing the location of previously drilled (black dots) and recently drilled holes (blue dots) at Orion in relation to prospects, geochemical contours, and FLEM/DHEM plates. 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 Target Summary Phase 1 of the 2024 drilling program at Tarraji-Yampi tested and DHEM surveyed 6 priority targets. Targeting was prioritised based on a ranking system summarised in Table 2 below. Additional field activities were undertaken including EIS co-funded IP surveys and mapping of other advanced and early-stage targets to determine next steps. A summary of currently defined Cu-Au VMS targets and their status is below. The summary does not include Cu-Au epithermal targets which will be ranked following the EIS co-funded IP surveys which was partially completed as part of this program with results expected in October 2024. Table 1: Description of the current Cu-Au VMS target and camps (GDA94 MGA z51). Target Planned Plate Planned Auger Conductance Magnetic Down hole Depth Dimension Target Status Hole Geochemistry (S) Anomaly Geochemistry (m) (m) Orion Extension Yes 620 - - - Yes - Tested Orion Repeat Yes 260 Ag-As-Bi-MoPb-Sb-Se-Zn 200 x 190 3,500 Yes - Drilled: Requires follow up Orion Splay Yes 245 Ag-As-Bi-MoPb-Sb-Se-Zn 90 x 45 90 x 110 600 x 390 28,000 14,300 2,500 No Orion Offset Yes 155 Ag-As-Bi-Cd-MoPb-Sb-Se-Zn 200 x 190 3,800 Yes OR2 Yes 160 Ag-As-Bi-Cd-CuIn-Pb-Sb-Se-Zn 105 x 45 7,200 Yes OR1 Yes 200 As-Bi-Pb-SbSe-Te 70 x 200 16,700 No Ironclad TBD - OR3 TBD 255 OR4 TBD 250 Ag-As-Bi-Cd-In-MoPb-Se-Sn-Te-Zn OR5 TBD - As-Au-Bi-Cu-Se Te-Zn OR7 TBD 210 Ag-As-Bi-Cd-Mo-PbSe TH1 TBD 215 TH2 TBD 290 Rufina TBD 230 Lambrusco Neptune Camp Mangrove Camp TBD TBD TBD 330 - Ag-As-Au-Bi-Cu Se-Te-Zn Ag-As-Bi-Cd-Mo-PbSb-Se-Te-Zn Not Surveyed 735 x 130 640 x 285 65 x 80 55 x 60 55 x 60 6,100 8,800 5,100 9,500 9,500 Not Surveyed No Yes Yes Ag-Bi-Cd-Cu-Mo Pb-Sb-Se-Te-Zn Yes Ag-Bi-Cd-Cu-Mo- Requires magnetic Pb-Sb-Se-Te-Zn modelling Yes Ag-As-Au-Ba-CdCu-In-Mo-Sb-Zn 310 x 230 305 x 465 430 x 270 200 x 530 3,200 8,600 5,200 2,000 160 x 260 4,800 Yes - 250 x 210 2,400 No - 220 x 430 1,400 (EOH) Not Surveyed Not Surveyed As-Bi-Mo-Se-Te Ag-As-Bi-Cd-Mo-PbSb-Se-Te-Zn dreadnoughtresources.com.au Ag-As-Au-BiCo-Cu-Mo-PbTested Sb-Se-Te-W-Zn Ag-As-Au-BiDrilled: Requires Co-Cu-Mo-Pbfollow up Sb-Se-Te-W-Zn Ag-Bi-MoDrilled: Requires Sb-Se follow up Ag-Bi-Cd-CuDrilled: Requires Mo-Pb-Sb-Sefollow up Te-Zn Ag-Bi-Cd-Cu-MoRequires EM/IP Pb-Sb-Se-Te-Zn Ag-Bi-Cd-Cu-Mo Requires Drilling Pb-Sb-Se-Te-W-Zn No No - Requires Drilling Requires Drilling Ag-Bi-Cd-Cu-MoPb-Sb-Se-Te-Zn Ag-As-Bi-Cd-CuIn-Mo-Pb-Sb-SeTe-Zn - Requires Drilling Requires Drilling Requires Drilling Requires Drilling Early stage Early stage 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 SNAPSHOT – Tarraji-Yampi Cu-Au-Ag-Co Unexplored since the 1970s • Outcropping mineralisation was discovered in 1905 and mined for copper at Grant’s Find, Wilson’s Reward, Monarch, Ironclad and Tarraji from 1907-1920. • Only historical exploration within the area was by WMC Resources (“WMC”) in the 1950s and Australian Consolidated Minerals (“ACM”) in the 1970s with both parties exploring for copper. • Contained entirely within the Yampi Sound Training Area (“YSTA”), Commonwealth land was off limits to mineral exploration from 1978 to 2013. Genuine Camp Scale Potential • Five clusters of historical mining on outcropping mineralisation. • Orion discovery (~350m wide x ~150m long x 250m deep and open at depth), under just 1m of cover, made in 2021. Results include KMRC022: 16m @ 2.2% Cu, 38.7g/t Ag, 6.6g/t Au, 0.40% Co from 77m. (ASX 15 Nov 2021) • Lithostructural and geochemical similarities to pelitic-mafic or “Besshi-style” VMS systems such as Monty /DeGrussa in Western Australia, Windy Craggy in Canada or the Matchless deposits in Namibia. Significant, Step-Change, Growth Potential • Dreadnought is the first to deploy modern geochemical and geophysical techniques to explore for mineralisation under shallow cover in the region. • Multiple priority Orion look-alikes defined through geochemical and geophysical surveys with highly conductive anomalism. High-Grade, Multi-Metal Potential Including Cu-Ag-Au-Co • Previous drilling at Orion includes thick high-grade intersections (ASX 15 Nov 2021 and 8 Dec 2021): KMRC017: 12m @ 1.6% Cu, 31.7g/t Ag, 0.5g/t Au, 0.02% Co from 45m KMRC022: 16m @ 2.2% Cu, 38.7g/t Ag, 6.6g/t Au, 0.40% Co from 77m, including: 2m @ <0.1% Cu, 4.8 g/t Ag, 27.6g/t Au, 1.50% Co from 77m, and: 7m @ 4.7% Cu, 83.3g/t Ag, 4.9g/t Au, 0.20% Co from 82m KMRC039: 20m @ 1.4% Cu, 13.4g/t Ag, 3m @ 7.6% Cu, 116.2g/t Ag, 2.2 g/t Au, 0.14% Co from 18m KMRC047: 12m @ 3.0% Cu, 21.4g/t Ag, 5m @ 0.5g/t Au, 0.03% Co from 3m, including: 1.7g/t Au, 0.02% Co from 1m, including: 5.9% Cu, 44.9 g/t Ag, 3.7g/t Au, 0.01% Co from 1m Global Energy Decarbonisation Driving Copper Fundamentals • Copper is essential for electricity-related technologies with renewable energy systems requiring up to 12x more copper compared to traditional energy systems. • S&P Global forecasts that global demand for copper could double from 25mt to 50mt by 2035. Under this scenario, by 2030, supply from both existing and projected copper mines will meet just 80% of demand (S&P Global: The Future of Copper, July 2022). 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 Background on Tarraji-Yampi (E04/2508, E04/2557, E04/2608, E04/2860, E04/2861, E04/2862, E04/2863: 100%, E04/2315: 80%) Tarraji-Yampi is located entirely within the Yampi Sound Training Area (“YSTA”), a Commonwealth Defence Reserve in the West Kimberley, ~80kms from the port of Derby. The YSTA is the second largest Defence Reserve in Australia after Woomera in South Australia and was off limits to mineral exploration from 1978 to 2013. The only significant exploration undertaken in the area was by WMC Resources in 1958 and Australian Consolidated Minerals in 1972, with both parties exploring for copper. Since opening for exploration in 2013, Dreadnought has secured the largest ground holding within the YSTA and developed strong working relationships with both the Department of Defence and the Dambimangari People. Figure 6: Plan view image showing the location of Cu-Au and VMS prospects over geological interpretation at Tarraji-Yampi. 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 For further information please refer to previous ASX announcements: • 25 August 2021 RC Results from Orion, Grant’s & Fuso Indicate a large Cu-Au-Ag-Co System • 11 October 2021 Massive Sulphides Intersected in Multiple Holes at Orion Cu-Au-Ag-Co • 2 November 2021 Supergene Confirmed and Massive Sulphides Extended at Orion • 15 November 2021 High-Grade Cu-Ag-Au-Co Discovery at Orion • 8 December 2021 Further High-Grade Cu-Ag-Au-Co from Orion Discovery • 22 June 2022 Orion Auger Program – Tarraji-Yampi Project • 15 August 2022 Nine Orion Look-alikes from Auger Program, More to Come • 3 October 2022 Commencement of Regional Auger Program • 18 May 2023 Additional Orion Look-Alikes from Auger Program • 24 October 2023 Drilling and Geophysical Surveys Completed at Tarraji-Yampi • 27 March 2024 Drilling and Geophysical Results from Tarraji-Yampi • 17 June 2024 Cu-Au Drilling Commenced at Tarraji-Yampi • 18 July 2024 Four Strong Off-Hole Conductors Identified UPCOMING NEWSFLOW 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: Results from Nb-REE drilling at the Gifford Creek Carbonatite (Mangaroon 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 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 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. Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. 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 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. 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 INVESTMENT HIGHLIGHTS 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 historic 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. Mangaroon Ni-Cu-Co-3PGE, Au & REE Project (100%) Mangaroon covers ~5,300kms2 and is located 250kms south-east of Exmouth in the Gascoyne Region of WA. At the Money Intrusion, Ni-Cu-Co-3PGE has been identified. Dreadnought also has areas of outcropping high-grade gold including the historic Star of Mangaroon and Diamond gold mines. In addition, Mangaroon has emerged as a globally significant, rapidly growing, potential source of critical minerals. Highlights include: • An Exploration Target estimated for the top 150m of ~40km of the Yin REE Ironstone Complex (ASX 13 Feb 2023). • 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). • Regional source of rare earths at the Gifford Creek Carbonatite totaling ~17kms x ~1km (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). 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. 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. dreadnoughtresources.com.au 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 KMDD001 incl and incl and and incl KMDD002 and and and KMDD003 incl and and KMDD004 incl and and incl. KMDD005 KMDD006 incl Table 2: Significant Results (>0.2% Zn, Cu, Pb, >0.2g/t Au) From To Interval Cu Au Ag Co Zn Pb (m) (m) (m) (%) (g/t) (g/t) (%) (%) (%) 58.3 61.3 3 4.5 2.2 46.0 0.15 0.4 60 61 1 5.8 3.7 50.9 0.28 1.0 113 118 5 0.4 117 118 1 1.2 120 121 1 0.3 162 178 16 0.1 12.7 0.7 0.7 173 175 2 0.1 26.8 2.6 1.1 335 340 5 0.1 3.3 382 392 10 0.1 0.2 431 438 7 0.2 472 490 18 0.1 0.2 80 83 3 0.1 0.3 81 82 1 0.4 0.4 0.2 96 98 2 0.3 136 139 3 0.1 0.4 11 16 5 0.4 0.5 23 24 1 0.1 32.2 1.3 0.7 25 27 2 0.1 0.2 98 108 10 0.2 106 108 2 3.8 0.7 0.2 No Significant Results 27 33 6 1.2 0.08 28 30 2 2.0 0.19 Table 3: Drill Collar Data (GDA94 MGAz51) Hole ID Easting Northing KMDD001 627943 8168679 KMDD002 628248 8168621 KMDD003 627958 8168558 KMDD004 627829 8168614 KMDD005 627698 8168790 KMDD006 627921 8169380 dreadnoughtresources.com.au RL 66 66 64 65 68 70 Dip -60 -66 -60 -65 -70 -61 Azimuth 292 292 270 292 280 302 EOH 219.5 552.2 251.1 150.3 171.8 179.9 Type DD DD DD DD DD DD Prospect Orion and Orion Repeat Orion Extension Orion Splay Orion Offset OR2 OR1 Prospect Repeat Extension Splay Offset OR2 OR1 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 • Diamond (DD) drilling was undertaken to produce samples for assaying. • • • Drilling techniques Drill sample recovery • • • • Logging • • • Sub-sampling techniques and sample preparation • • • • • • 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. 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. 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. 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. dreadnoughtresources.com.au 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. QAQC samples consisting of duplicates, blanks and CRM’s (OREAS Standards) will be inserted through the program at a rate of 1:50 samples. Duplicate samples are submitted as quarter core. All samples are submitted to ALS Laboratories in Perth for determination of 48 multi-elements via 4 acid digestion with MS/ICP finish (ALS Code ME-MS61) determination of Au by Fire Assay and ICP-AES finish (ALS Code Au-ICP22). Diamond Drilling Diamond drilling was undertaken by Top Drill with a truckmounted low impact Sandvik DE880 diamond drill rig. Drilling is either HQ to end of hole or initially HQ and dropping to NQ once the hole is cased off for deeper drill holes. Core is orientated using a Axis Champ North-seeking Gyro and True Core Orientation Tool. Diamond Drilling HQ and NQ 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. 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. Lithology, mineralisation, alteration, veining, weathering and structure are recorded digitally. DD Logging is qualitative, quantitative or semi-quantitative in nature. Diamond Drilling 20cm – 1m half core samples are sawn an