Announcement PDF 1 ASX:DRE ASX:DRE Finding more gold, faster AGM Presentation 28 November 2025 2 ASX:DRE Board and Management with Skin in the Game ~$7.8M Cash invested ~10% Shareholding Money in the Ground >85% Money raised to date spent on exploration West Australian Explorer with Multicommodity Optionality and aTrack Record of Discovery Company Snapshot Paul Chapman Non-Exec Chairman • Chartered accountant with 30+ years experience in the resources sector • Founding shareholder and/or director of Black Cat Syndicate, Reliance Mining, Encounter Resources, Rex Minerals, Silver Lake Resources and Avanco Resources • Non-Executive Chairman of Meeka Minerals, Black Cat Syndicate and a Director of gold/base metals explorer Sunshine Metals DeanTuck Managing Director • Experienced geologist and exploration manager having worked across a wide range of commodities in Australia, Brazil and SE Asia from project generation through to resource evaluation • Previously held senior level positions ranging from private companies to BHP Billiton and ASX listed junior explorers • Instrumental in several discoveries covering Cu-Ag-Au-Co massive sulphide, REE ironstones, REE-Nb-Phosphate carbonatites, orogenic gold, LCT pegmatites and iron ore Philip Crutchfield Non-Exec Director • Prominent and well-respected barrister specialising in commercial law • Director of Encounter Resources and Hamelin Gold • Chair of the Bell Shakespeare Theatre Company and the Victorian Bar Foundation • Former partner of Mallesons Stephen Jaques (now King & Wood Mallesons) DRE ASX Code $0.031 Share Price (27/11/2025) Share on Issue 5,593M* ~$173M Market Cap ~$22M* Cash (estimated) Unlisted Securities ~89M ~$0.3M / day Liquidity (90-day average) Major Shareholders Top 20 ~ 37% Tim Robertson and Farjoy Pty Ltd 8.1% Paul Chapman 6.2% Black Cat Syndicate Ltd 3.7% HongKong Ausino Investment 3.5% Philip Crutchfield 2.7% Parkrange Nominees Pty Ltd 1.6% Pareto Nominees Pty Ltd 1.4% Dean Tuck 0.8% Fully Funded ~$22M Cash in the bank to deliver our self-funding strategy and discovery All amounts in Australian dollars unless otherwise stated 3 ASX:DRE 2025Year in Review Delivering on our Finding More Gold Faster Strategy 4 ASX:DRE Exploration Spend 2019-2025 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% $0 $2,000 $4,000 $6,000 $8,000 $10,000 Quarterly Exploration Spend (per Appendix 5B - $'000 and %) Corporate Exploration Actual Average Target 4 ASX:DRE Company Target 80% Company Average 85% 5 ASX:DRE KPIs 2025 5 ASX:DRE 1. Transform into a self-funded explorer – Develop the Star of Mangaroon:* ✓ SoM Study Update – ~50% Reduction in Max Cash Drawdown,Operating Cashflow increased ~100% ✓ Approvals submitted ✓ Mining, Haulage and Processing Agreements – Underway 2. Add near term production ounces – Drill the granted mining leases, Develop Metzke’s Find:* ✓ SoM Resource Update – 36% Increase in M+I Resources, 3x increase in ounces within top 30m ✓ Metzke’s Find Mining Lease – Application Submitted ✓ Popeye,Two Peaks, Lead Mine, Pritchard’s Drilling – Nuggety systems difficult to drill, prospects under review 3. Find more gold, faster – Discovery:* ✓ Generation of Alma, High Range North, High Range South and Minga Bar Camp Scape Prospects ✓ Steve’s Reward – 4m @ 4.1g/t Au from 6m including 2m @ 6.8g/t Au from 7m (SRRC001) ✓ Cullen’s Find – 17m @ 1.1g/t Au from 23m including 10m @ 1.4g/t Au from 25m (CFRC001) 4. Progress Gifford Creek Carbonatite to commercial assessment by low cost / high value add work:* ✓ Discovery of highly fractioned REE enriched carbonatite at Stinger – 140m @ 0.9%TREO from 307m (CBDD011) ✓ 5 Diamonds holes to support REE-Nb-Ti-Sc-Zr MetallurgicalTest work 5. Commercialisation of portfolio & discovery funded by third parties: ✓ $15M Farm-in and JV withTeck at Money Intrusion Ni-Cu-PGE ✓ $3M Farm-in and JV with Teck at Bresnahan ✓ Divestment of Evanston andYerilgee to Catalina Resources Strategy and Key Achievements 2025 6 ASX:DRE * Further news expected in 2025 Mangaroon Gold Project Star of Mangaroon Development 7 ASX:DRE 8 ASX:DRE Develop the Star of Mangaroon 8 ASX:DRE History • Gold identified: 1956 • Small-scale underground mining: 1960-1983 • Production: ~7,500 ounces at ~35g/t Outlook • High confidence Resource of 27,000oz @ 11.1g/t Au (99% Measured and Indicated) defined within ~100m of surface • High grade, open-pit opportunity with potential to grow along strike and at depth • Robust open pit Scoping Study shows: • ~A$78M in free cashflow @ A$5,500oz • ~A$90M in free cashflow @ A$6,000oz • 10-12 months production • max cash drawdown of ~A$5.4M (development partner) • AISC ~A$2,020/oz • Strategy to outsource funding, development, haulage and processing • Black Cat Syndicate has invested $2M and entered an agreement to secure the first right to negotiate gold development for processing at Paulsens 9 ASX:DRE Un 9 ASX:DRE ASX.DRE 27 Nov 2024 Shallow, High-grade, 84% Indicated Au Resource ASX.DRE 28 Jan 2025 Robust Scoping Study for Star of Mangaroon ASX.DRE 5 May 2025 First Gold Drilling Program of the Year Completed 0 5,000 10,000 15,000 20,000 25,000 30,000 Cumulative Ounces by 10m Bench 2025 Resource Ounces 2024 Resource Ounces Underground Potential - Drilling commenced Star of Mangaroon – Successfully added shallow high-grade ounces within the open pit January 2025 October 2025 Study Update – More and Shallower Ounces 10 ASX:DRE 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Tonnes/ Ounces Month SoM Haulage & Processing Processed Ore Tonnes Recovered Ounces 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 1 2 3 4 5 6 7 8 9 10 11 12 13 Tonnes/ Ounces Month SoM Haulage & Processing Processed Ore Tonnes Recovered Ounces Study Update – Impact on Cashflow and Max Cash Drawdown January 2025 October 2025 11 ASX:DRE Project Physicals Units Total Jan Total Oct % Diff Duration Months 12 12 0% Mined Ore kt 62.1 92.9 50% Grade g/t Au 10.0 8.3 -17% Gold in Ore koz 19.9 24.7 24% Recovery % 98 96 0% Gold Recovered koz 19.5 23.8 22% Lower grade at surface material like the heap leach Haulage contractors have inspected the route and recommended truck and trailer arrangements, road maintenance discussions with shires, more accurate quotes Study Update – Comparisons 12 ASX:DRE Project Financials Units Total Jan Total Oct %Diff Gold Price $/oz 4,100 5,500 34% Revenue $M 80.1 131.0 64% Capital Costs Pre-Production Infrastructure $M 1.7 1.7 0% Pre-Production Development $M 1.2 1.2 0% Rehabilitation $M 1.8 1.8 0% Operating Costs Mining $M 25.5 26.7 5% Ore Haulage and Processing $M 6.7 16.3 143% Royalties $M 3.0 5.1 70% Operating Cashflow (after all Capital and Tax) $M 40.1 78.2 95% Maximum Cash Drawdown $M 10.2 5.4 -47% AISC $/oz 1,800 2,020 12% Table 1: Star of Mangaroon Physicals Summary Table 2: Star of Mangaroon Financial Summary Study Update – Gold Price Sensitivity 13 ASX:DRE Gold Price $/oz Operating Cashflow ($M) $5,000 $66.8 $5,100 $69.1 $5,200 $71.3 $5,300 $73.6 $5,400 $75.9 $5,500 (Base Case) $78.2 $5,600 $80.5 $5,700 $82.8 $5,800 $85.1 $5,900 $87.4 $6,000 (Current) $89.7 $6,100 $91.9 $6,200 $94.2 $6,300 $96.5 $6,400 (Forward 27/10/20025) $98.8 $6,500 $101.1 Table 3: Sensitivity to $100/oz gold price increments ✓ Resource drilling ✓ Initial resource ✓ Environmental and Heritage Surveys ✓ Metallurgical test work ✓ Initial study ✓ Subscription agreement with Black Cat Syndicate ✓ In pit extension and infill drilling ❑ Mining Proposal and Mine Closure Plan (Submitted) ✓ Updated Study ❑ Mining, Haulage and Processing Agreement (Underway) ❑ Approvals and Commencement of Mining Pathway to Production 14 ASX:DRE 15 ASX:DRE Exploration and Discovery Steve’s Reward Cullens Find Steve’s Reward 16 ASX:DRE ASX:DRE Cullen’s Find 17 ASX:DRE 18 ASX:DRE Gifford Creek Carbonatite Complex REEs at Stinger Discovery Opportunity • Thick fresh rare earth mineralised carbonatite • Potential game changing discovery within the Gifford Creek Carbonatite with similarities to Mountain Pass in California • Rare earths tend to upgrade 3-6x from fresh to oxide • Compelling high-grade target near surface • RC results at the lab • Diamond drilling to commence soon Stinger Rate Earths 20 ASX:DRE Money Intrusion Ni- Cu-PGE Teck Farm-in / JV 21 ASX:DRE $15M Farm-In and Joint Venture withTeck – Money Intrusion Ni-Cu-PGEs 21 ASX:DRE ASX.DRE 1 May 2025 $15M Farm-In and JV Agreement – Money Intrusion Major Partnership to explore the Money Intrusion • Significant Copper + Nickel Opportunity (~50/50 Cu-Ni Ratio): • 23m @ 0.50% Ni, 0.51% Cu from 36m including: 2m @ 3.32% Ni, 2.88% Cu from 45m (REYRC013) • 10m @ 0.36% Ni, 0.45% Cu from 76m including: 2m @ 1.15% Ni, 1.30% Cu from 78m (REYRC019) • $15M Farm-In and JointVenture: • Teck may earn 75% interest in theTenements by managing and sole funding A$15M of expenditure within 6.5 years (“Farm-In Period”) including a firm commitment of A$1M within the first 18 months. • JointVenture: Upon completion of the Farm-In,Teck and Dreadnought would form a 75/25 joint venture. • Teck to manage all exploration • Agreement aligned with Dreadnoughts gold focused strategy: • Continued low risk exposure to base metal potential • No impact on key gold prospects Looking Ahead to 2026 Finding Even More Gold Faster 22 ASX:DRE 23 ASX:DRE Finding Even More Gold, Faster 23 ASX:DRE Develop our high-grade deposits and generate cashflow • Star of Mangaroon • Metzke’s Find Add short term production ounces to generate more cashflow • Star of Mangaroon and Metzke’s Find Extensions • Pritchard’sWell, McCarthy’s Make a large gold discovery • Mangaroon Camp Scale Prospects: Bordah, Minga Bar, High Range North, High Range South, Alma Intrusion • Illaara Belt air core program Commercialisation of portfolio & discovery funded by third parties Progress Gifford Creek Carbonatite • Significant Critical Metal metallurgical program 24 ASX:DRE Finding more gold, faster Exploration and Discovery 25 ASX:DRE Mangaroon Kalgoorlie Open file Data ~1990s-2017 25 ASX:DRE Mangaroon Steve’s Reward Inevitable Midnight Star Target Midday Moon Target Cullens Target Lesgo Target Underexplored Mangaroon vs Mature Brownfield (same scale) 26 ASX:DRE Five camp scale prospects defined by stream sediments Ongoing soils to continue generating and defining drill targets 26 ASX:DRE Bordah ~13km x 7km High Range South ~11km x 4km Minga Bar Fault >60kms of mineralised structure undercover Edmund Fault >80kms of mineralised structure undercover Linkage Faults >90kms of mineralised structure undercover Star of Mangaroon 27.0koz @ 11.1g/t Au Minga Bar ~75km x 2km ASX.DRE 30 Jan 2025 Further Consolidation and High-Grade Gold at Mangaroon ASX.DRE 18 Mar 2025 High Grade Gold Lode Extended High Range North ~17km x 5km Steve’s Reward Target Lightening Ridge Working Midnight Star Target Midday Moon Target Cullens Target Nina Target Star of Mangaroon 27.0koz @ 11.1g/t Au 27 ASX:DRE Building theTarget Pipeline Five camp scale prospects 27 ASX:DRE 28 ASX:DRE Illaara Gold Project Finding more gold, faster *Exploration and Discovery Gold Price USD/oz 0 500 1000 1500 2000 2500 1990 2000 2020 2010 Eastern Group First holes into Metzke’s Find, returned 2m @ 15.8g/t Battle Mountain Gold Exploration through Perrinvale area via farm-in agreement with Anglo Australia. Surface geochem, mapping, and geophysics Cliffs Natural Resources Regional iron ore exploration with geological mapping and reconnaissance, drilling, and discovery of goethite-hematite mineralisation Macarthur Minerals Exploration and discovery of 54.5Mt @ 47% Fe at Lake Giles ~40km from Illaara Newmont Corporation Consolidated Illaara greenstone belt after identifying ~55km long Au-As-Sb anomaly generated by GSWA. Completed proprietary surface geochem surveys generating significant gold anomalies. Cleared 27km of tracks providing great project access 200 150 100 50 0 Iron Ore USD/ton Mineral Resources Yilgarn Iron Ore Hub Dreadnought acquire Illaara from Newmont Longmore’s Find 1m @ 100g/t Au Metzke’s Find 2m @ 39.2g/t Au 3m @ 21.0g/t Au 7m @ 7.5g/t Au Metzke’s Find MRE 14.9koz @ 6.8g/t Au CRA Exploration Airborne magnetic and radiometric surveys, grid-based auger sampling, detailed mapping programs. Intersected 4m @ 1g/t surface RAB Mount Burgess Mining Auger drilling, rock chipping and geophysical data collection Last explored for gold by Dreadnought in 2021/2022 when gold price was ~$2,200 Underexplored History 29 ASX:DRE High-grade near-surface mining opportunity • Coarse gold in hydrothermal quartz veins • High grade intercepts including • 2m @ 39.2 g/t Au • 3m @ 21.0 g/t Au • MZRC049 drilled 150m north of the current resource intersected 6m @ 1.15 g/t Au, not followed up • Metzke’s is part of 12-km long underexplored soil anomaly MZRC019: 2m @ 39.2g/t Au MZRC021: 2m @ 19.2g/t Au ASX.DRE 27 Apr 2023 Initial High-Grade Gold Resource at Metzke’s Find Metzke’s Find – 14.9k oz @ 6.8g/t Au 30 ASX:DRE 31 ASX:DRE One of the most underexplored greenstone belts in theYilgarn region Multiple mineralised shear zones never tested with air core 31 ASX:DRE Yerilgee - CTN Mt Ida – BM1, Aurenne Menzies - BTR Illaara ASX.DRE 31 May 2021 Drilling Results – Illaara Au-Cu-Iron Ore Project ASX.DRE 24 Jun 2019 75km Long Illaara Greenstone Belt Acquired from Newmont ASX.DRE 16 Jul 2020 Drilling Update ASX.DRE 27 Apr 2021 Illaara Update and Regional Target Generation ASX.DRE 12 Jan 2021 Longmore’s Find Assay Results ASX.DRE 27 Apr 2023 Initial High-Grade Gold Resource at Metzke’s Find Davyhurst - OBM Comet Vale – GG8 Black Oak 6m @ 0.9g/t Au 18m @ 0.3g/t Au Never followed up Metzke’s Find 14.9koz @ 6.8g/t Au Open along strike and depth SW BIF Horizon Rock chips to 42 g/t Au Eastern Horizon >40kms of mineralised structure under variable cover Never drilled Longmore’s Find DRE 2020: 1m @ 100g/t Au Lawrence’s Find 3m @ 3.6g/t Au Never followed up Central Illaara Fault >60kms of mineralised structure undercover Never drilled Black Oak – Homestead Trend >40kms of mineralised structure undercover with major bends Never drilled 32 ASX:DRE One of the most underexplored greenstone belts in theYilgarn region Phase 1 Aircore – Commencing March Quarter 2026 32 ASX:DRE ASX.DRE 31 May 2021 Drilling Results – Illaara Au-Cu-Iron Ore Project ASX.DRE 24 Jun 2019 75km Long Illaara Greenstone Belt Acquired from Newmont ASX.DRE 16 Jul 2020 Drilling Update ASX.DRE 27 Apr 2021 Illaara Update and Regional Target Generation ASX.DRE 12 Jan 2021 Longmore’s Find Assay Results ASX.DRE 27 Apr 2023 Initial High-Grade Gold Resource at Metzke’s Find Black Oak 6m @ 0.9g/t Au 18m @ 0.3g/t Au Never followed up Metzke’s Find 14.9koz @ 6.8g/t Au Open along strike and depth SW BIF Horizon Rock chips to 42 g/t Au Eastern Horizon >40kms of mineralised structure under variable cover Never drilled Longmore’s Find DRE 2020: 1m @ 100g/t Au Lawrence’s Find 3m @ 3.6g/t Au Never followed up Central Illaara Fault >60kms of mineralised structure undercover Never drilled Black Oak – Homestead Trend >40kms of mineralised structure undercover with major bends Never drilled Yerilgee - CTN Mt Ida – BM1, Aurenne Menzies - BTR Illaara Davyhurst - OBM Comet Vale – GG8 33 ASX:DRE One of the most underexplored greenstone belts in theYilgarn region Phase 2 Aircore – *Illustrative Purposes Only 33 ASX:DRE ASX.DRE 31 May 2021 Drilling Results – Illaara Au-Cu-Iron Ore Project ASX.DRE 24 Jun 2019 75km Long Illaara Greenstone Belt Acquired from Newmont ASX.DRE 16 Jul 2020 Drilling Update ASX.DRE 27 Apr 2021 Illaara Update and Regional Target Generation ASX.DRE 12 Jan 2021 Longmore’s Find Assay Results ASX.DRE 27 Apr 2023 Initial High-Grade Gold Resource at Metzke’s Find Black Oak 6m @ 0.9g/t Au 18m @ 0.3g/t Au Never followed up Metzke’s Find 14.9koz @ 6.8g/t Au Open along strike and depth SW BIF Horizon Rock chips to 42 g/t Au Eastern Horizon >40kms of mineralised structure under variable cover Never drilled Longmore’s Find DRE 2020: 1m @ 100g/t Au Lawrence’s Find 3m @ 3.6g/t Au Never followed up Central Illaara Fault >60kms of mineralised structure undercover Never drilled Black Oak – Homestead Trend >40kms of mineralised structure undercover with major bends Never drilled Yerilgee - CTN Mt Ida – BM1, Aurenne Menzies - BTR Illaara Davyhurst - OBM Comet Vale – GG8 34 ASX:DRE One of the most underexplored greenstone belts in theYilgarn region Phase 3 Aircore – *Illustrative Purposes Only 34 ASX:DRE ASX.DRE 31 May 2021 Drilling Results – Illaara Au-Cu-Iron Ore Project ASX.DRE 24 Jun 2019 75km Long Illaara Greenstone Belt Acquired from Newmont ASX.DRE 16 Jul 2020 Drilling Update ASX.DRE 27 Apr 2021 Illaara Update and Regional Target Generation ASX.DRE 12 Jan 2021 Longmore’s Find Assay Results ASX.DRE 27 Apr 2023 Initial High-Grade Gold Resource at Metzke’s Find Black Oak 6m @ 0.9g/t Au 18m @ 0.3g/t Au Never followed up Metzke’s Find 14.9koz @ 6.8g/t Au Open along strike and depth SW BIF Horizon Rock chips to 42 g/t Au Eastern Horizon >40kms of mineralised structure under variable cover Never drilled Longmore’s Find DRE 2020: 1m @ 100g/t Au Lawrence’s Find 3m @ 3.6g/t Au Never followed up Central Illaara Fault >60kms of mineralised structure undercover Never drilled Black Oak – Homestead Trend >40kms of mineralised structure undercover with major bends Never drilled Yerilgee - CTN Mt Ida – BM1, Aurenne Menzies - BTR Illaara Davyhurst - OBM Comet Vale – GG8 35 ASX:DRE Gifford Creek Carbonatite Complex Critical Metal Optionality 36 ASX:DRE Global Scale Deposit with Proven Reserves • Gifford Creek Carbonatite is one of the largest carbonatite complexes in the world, stretching 17km. • Wide spaced drilling has identified multiple zones of critical metal (rare earth, niobium, titanium, phosphate and scandium) mineralisation. • Close to existing and shared infrastructure. Proven Rare Earth • 29.98Mt @ 1.04% TREO atYin (87% M+I) • Commercial monazite concentrate and mixed rare earth carbonates (MREC) created • 10.84Mt @ 1.00% TREO and 0.22% Nb2O5 at C3 (100% Inferred) Proven Niobium • Multiple zones already identified with ExplorationTarget estimated: • 15 – 60Mt @ 0.5% – 1.0% Nb2O5 • Mineralogical test work confirms pyrochlore mineralisation Multiple Critical Metal Opportunities • CBRC200: 95m @ 0.9% Nb2O5 from 48m, incl. 8m @ 1.7% Nb2O5 from 72m • CBRC148: 43m @ 11.9% P2O5 from 87m, incl. 24m @ 14.5% P2O5 from 105m • CBRC138: 12m @ 319ppm Sc from 48m and CBRC125: 10m @ 270ppm Sc from 18m • CBRC086: 72m @ 8.6% TiO2 from 12m, incl. 6m @ 12.8% TiO2 from 66m • CBRC200: 66m @ 1.0% ZrO2 from 72m Gifford Creek Carbonatite 36 ASX:DRE ASX.DRE 19 Aug 2024 Thick High-Grade Niobium Intercepts from Gifford Creek Carbonatite ASX.DRE 3 Mar 2025 Stinger Niobium Exploration Target Gifford Creek Carbonatite • ~17kms x 1km intrusion along the crustal scale Lyons River Fault • Contains significant REE, Nb, P,Ti, Sc and Zr mineralisation within multiple zones • <25% of the carbonatite tested with wide spaced first pass drilling Yin Ironstones • The other half of Wyloo / HastingsYangibana REE Ironstone system • Some of the highest NdPr:TREO ratios globally • Over 43 strike kilometers identified to date. 37 ASX:DRE Yin Ironstone Resource • 87% Measured and Indicated Resource • High NdPr, outcropping at surface • Resource only covers ~10% of 43km long ironstone strike Metallurgy: Monazite Concentrate • Metallurgical test work fromYin has performed well, achieving recoveries ranging from ore to concentrate of 85.9% to 92.8% at a concentrate grade of 10.5% to 15.3% Nd2O3+Pr6O11. Metallurgy: Mixed Rare Earth Carbonate ANSTO achieved: • ~94% recovery of Nd and Pr from concentrate through to MREC • MREC grade of 60.7%TREO containing 20.7% Nd2O3+Pr6O11 Applying a conventional low-temperature acid bake/leach process, ANSTO achieved the following key results: Mt TREO (%) NdPr:TREO (%) Contained TREO (t) Contained NdPr (t) Cut Off (% TREO) 29.98 1.04 29 311,800 89,900 0.20 21.06 1.35 29 284,300 82,100 0.40 11.63 1.93 29 224,400 66,300 1.00 Yin Combined Measured, Indicated and Inferred Resource as adjusted for different cut-off grades. 38 ASX:DRE Niobium Mineralisation • Thick near surface secondary / residual mineralisation • Mushrooms out from primary mineralisation • Target of wide spaced first pass drilling • Recent drilling intercepts include: • CBRC195: 130m @ 0.7% Nb2O5 from 71m, including: 39m @ 1.3% Nb2O5 from 84m • CBRC200: 95m @ 0.9% Nb2O5 from 48m, including 20m @ 1.4% Nb2O5 from 102m and 8m @ 1.7% Nb2O5 from 72m • CBRC194: 122m @ 0.6% Nb2O5 from 71m, including 26m @ 1.1% Nb2O5 from 99m • CBRC201: 98m @ 0.7% Nb2O5 from 54m, including 41m @ 1.1% Nb2O5 from 85m • ExplorationTarget (Stinger Oxide only): • 15 – 60Mt @ 0.5% – 1.0% Nb2O5 39 ASX:DRE ASX.DRE 19 Aug 2024 Thick High- Grade Niobium Intercepts from Gifford Creek Carbonatite 40 ASX:DRE Finding More Gold, Faster Strategy 40 ASX:DRE Develop our high-grade deposits and generate cashflow • Star of Mangaroon • Metzke’s Find Add short term production ounces to generate more cashflow • Star of Mangaroon and Metzke’s Find Extensions • Pritchard’s Well, McCarthy’s Make a large gold discovery • Mangaroon Camp Scale Prospects: Bordah, Minga Bar, High Range,Alma • Illaara Belt aircore program Commercialisation of portfolio & discovery funded by third parties Progress Gifford Creek Carbonatite • Significant Critical Metal metallurgical program 41 ASX:DRE Mangaroon Star of Mangaroon Development Approvals and Mining, Haul, Process Agreement, Drilling Production Add near term production ounces Star of Mangaroon Extensions, Pritchard’s Follow up Star of Mangaroon underground, Pritchard’s, McCarthy’s Finding more gold, faster: Exploration and Discovery RC drilling at Steve’s, Cullens, Midday Moon, Midnight Star, Lesgo. Ongoing target definition work RC and Diamond drilling at Camp Scale Prospects And ongoing target definition work Gifford Creek Critical Metals RC and Diamond Drilling at Stinger MineralogyWork MetallurgicalTest work for REEs, Nb,Ti, Sc, Zr, P Additional diamond drilling as required Illaara Metzke’s Find Development Mining Lease Application Technical Studies Resource Update and Scoping Study Approvals and Mining, Haul, Process Agreement Add near term production ounces Metzke’s Find Infill and Extensional Drilling Finding more gold, faster: Exploration and Discovery Regional Aircore Drilling at Black Oak, Homestead and Central Follow up RC Drilling Work Plan Summary December 2025 Quarter March 2026 Quarter June 2026 Quarter 41 ASX:DRE September 2026 Quarter December 2026 Quarter ASX:DRE | Dreadnought Resources Ltd +61 (08) 9473 8345 info@dreres.com.au Unit 1, 4 Burgay Court, Osborne Park WA 6017 dreadnoughtresources.com.au Finding more gold, faster Sign up to our Investor Hub to receive the latest news, updates and announcements. 42 ASX:DRE Disclaimer Refer to Dreadnought announcements for JORC Table 1 and Table 2 for results and information contained in this presentation. Mangaroon Project 7 April 2021 Option/JV Agreement Signed with Global Base Metal Miner 16 July 2021 ~1km Long Gossanous Ni-Cu-PGE Outcrop at Mangaroon 19 July 2021 High-Grade REE Ironstones Confirmed Over 2.5kms at Mangaroon 1 September 2021 Encouraging Results for Rare Earths at Yin 9 September 2021 Four New REE Ironstones Discovered at Mangaroon 2 February 2022 Rare Earths, Phosphate, Niobium & Zirconium Results from Mangaroon 14 February 2022 Conductors Defined along the Money Intrusion – Mangaroon FQM JV 16 June 2022 First Drilling at Yin Intersects High-Grade Rare Earths 28 July 2022 Assays Confirm Yin as a High-Grade Rare Earth Discovery 5 September 2022 Further Assays Confirm Yin as A Significant REE Discovery 12 October 2022 Broad, High-Grade Assays at Yin REE Discovery – Mangaroon 17 October 2022 Mineralised Carbonatites Discovered at C3 and C4 – Mangaroon 24 October 2022 Broad, High-Grade Assays at Yin REE Discovery – Mangaroon 10 November 2022 Exploration Update Mangaroon Ni-Cu-PGE 21 November 2022 Broad, High-Grade Assays at Yin REE Discovery – Mangaroon 28 December 2022 Initial High-Grade, Independent Resource Over 3kms at Yin 24 January 2023 Carbonatite Discovery Shaping up as Regional Rare Earth Source 27 January 2023 Mineralised REE Ironstones increased by 13kms to 43kms 13 February 2023 Rare Earth Ironstone Exploration Target Defined 13 March 2023 Successful Yin Extensional Drilling Results – Mangaroon 3 April 2023 Carbonatites deliver thick near surface REE Results 29 May 2023 Metallurgical Test work Supports High Grade Concentrate 6 June 2023 Mangaroon Gold Review and Further Consolidation 13 June 2023 Yin Extended by 1km & 2.5km of High Grade NdPr Discoveries 5 July 2023 40% Increase in Resource Tonnage at Yin 10 July 2023 High Grade Rare Earth & Niobium Zones at C3 & C5 13 September 2023 Highest Grades to date from Yin Infill Drilling 2 October 2023 Mangaroon Carbonatite now >17km – Higher Grade Zones Fiingerprinted 16 October 2023 100m Thick Rare Earth Intercepts from Yin 30 November 2023 Large, High Confidence Yin Ironstone Resource 6 December 2023 Gifford Creek REE-Nb-P-Ti-Sc Carbonatite Drilling Update 11 December 2023 Thick, High-Grade Gold Including 7m @ 23.0g/t Au 22 January 2024 Star of Mangaroon Extended 6 June 2024 Gifford Creek REE-Nb Carbonatite Update 18 June 2024 Tiger Cu-Au-Zn-Ag Gossan Confirmed over 500m 19 June 2024 Drilling Extended for Nb-REE and Cu-Au Targets 26 July 2024 Strategic & Prospective Consolidation 26 July 2024 Consolidation, Growth & Commercialisation 1 October 2024 Shallow, High-Grades at Star of Mangaroon & Popeye 14 October 2024 Exceptional Gold Recoveries from Star of Mangaroon 27 November 2024 Shallow, High-Grade, 84% Indicated Au Resource 28 January 2025 Robust Scoping Study for Star of Mangaroon 30 January 2025 Further Consolidation and High-Grade Gold at Mangaroon 18 March 2025 High Grade Gold Lode Extended Central Yilgarn Project 27 April 2021 Illaara Update and Regional Target Generation 31 May 2021 Drilling Results – Illaara Au-Cu-Iron Ore Project 7 July 2021 High-Grade Tantalum Results from Peggy Sue – Illaara Project 1 August 2022 Completion of Acquisition – Central Yilgarn Project 1 November 2022 Successful Drill Results Across Multiple Metals 27 April 2022 Initial High-Grade Resource at Metzke’s Find 8 February 2024 Seven Camp Scale Gold Prospects at Central Yilgarn This presentation has been prepared by Dreadnought Resources Limited (Dreadnought or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presentation is not to be distributed (nor taken to have been distributed) to any persons in any jurisdictions to whom an offer or solicitation to buy shares in the Company would be unlawful. Any recipient of the presentation should observe any such restrictions on the distribution of this presentation and warrants to the Company that the receipt of the presentation is not unlawful. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation or any information, opinions or conclusions expressed in the course of this presentation. This presentation is not a prospectus, product disclosure document or other offering document under Australian law or under any other law. It has been prepared for information purposes only. This presentation contains general summary information and does not take into account the investment objectives, financial situation and particular needs of any individual investor. It is not financial product advice and investors should obtain their own independent advice from qualified financial advisors having regard to their objectives, financial situation and needs. Dreadnought nor any of their related bodies corporate is licensed to provide financial product advice. This presentation and information, opinions or conclusions expressed in the course of this presentation 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. You should not act or refrain from acting in reliance on this presentation, or any information, opinions or conclusions expressed in the course of this presentation. This presentation does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the prospects of Dreadnought. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision. Recipients of this presentation must undertake their own due diligence and make their own assumptions in respect of the information contained in this presentation and should obtain independent professional advice before making any