Mangaroon Gold and REE/Niobium RC Drilling Complete
Released
Released
Announcement PDF
Unit 1, 4 Burgay Court,
Osborne Park, WA 6017
+61 8 9473 8345
info@dreres.com.au
www.dreadnoughtresources.com.au
ASX:DRE Dreadnought Resources Ltd 1
ASX ANNOUNCEMENT 4 November 2025
Mangaroon Gold and REE/Niobium RC Drilling Complete
HIGHLIGHTS
• RC drilling is complete at Mangaroon (70 holes, 6,020m) at numerous gold targets being Steve’s Reward, Cullen’s
Find, Midnight Star, Midday Moon, Star of Mangaroon, Lesgo and Pritchard’s Well.
• The targeted structures at Lesgo, Star of Mangaroon and Pritchard’s Well were intersected and showed quartz-
sulphide veining and alteration associated with gold-in-soil anomalism.
• RC drilling at the Stinger REE-Nb target (3 holes, 366m) is also complete and continued to intersect an REE
enriched fresh carbonatite and confirmed a shallower dip than interpreted. Additional drilling is planned to test
for high-grades in the near surface weathered zone of the carbonatite.
• RC results are expected in this quarter, at which point, a diamond drilling program is expected to commence at
Mangaroon Gold and Stinger REE-Nb.
• The RC rig is now mobilising to Metzke’s Find (Resource of 14,900oz @ 6.8gt au) part of the Illaara Gold Project
where infill and extension drilling will commence in November 2025.
Dreadnought Resources Ltd (“Dreadnought”) is pleased to provide an update on RC drilling at
the 100% owned Mangaroon Gold and Critical Metals, in the Gascoyne region of WA.
Dreadnought’s Managing
Director, Dean Tuck,
commented: “RC drilling is
complete at the Mangaroon
Gold and Critical Metals
projects. Testing for
extensions at Star of
Mangaroon, Pritchard’s Well
and Lesgo all appear to have
delivered promising results.
We also laid the foundation
for diamond drilling at
Stinger. We expect a steady
flow of results this quarter
which we expect will lead to
follow up diamond drilling. In
the meantime, the RC rig
and team have commenced
mobilisation to Metzke’s
Find at Illaara.”
Figure 1: Long section
through the Star of
Mangaroon showing the
location of the recently
drilled RC holes in relation
to the planned pit and
mineralisation.
Unit 1, 4 Burgay Court,
Osborne Park, WA 6017
+61 8 9473 8345
info@dreres.com.au
www.dreadnoughtresources.com.au
ASX:DRE Dreadnought Resources Ltd 2
Overview of Drilling Program
Dreadnought’s completed drill program consisted of 73 RC holes (~6,386m) as follows:
• extensions to the open pit at Star of Mangaroon (6 holes, 846m);
• near-term production ounces on the Pritchard’s Well mining lease (4 holes, 288m);
• discovery at surrounding three camp scale prospects (60 holes, 4,886m). These include:
• Bordah camp scale prospect - Steve’s Reward
• Minga Bar camp scale prospect - Cullen’s Find, Midday Moon, Midnight Star
• Star of Mangaroon camp scale prospect – Lesgo;
• High-grade REE and niobium drilling at Stinger (3 holes, 366m).
Near Term Production Ounces at Star of Mangaroon and Pritchard’s Well
Drilling is now complete at Star of Mangaroon (6 holes, 846m) and Pritchard’s Well (4 holes, 288m) where drilling tested for near
term production ounces from granted mining leases.
At Star of Mangaroon drilling for extensional ounces in order to grow the current high-grade Resource of 75,600t @ 11.1g/t
Au for 27,000oz. Mineralisation remains open at depth and to the north. Some of the deepest drill intercepts to date include:
• SOMRC083: 4m @ 14.6 g/t Au from 99m, incl. 2m @ 28.7 g/t Au from 100m
• SOMRC006: 8m @ 15.5 g/t Au from 89m, incl. 3m @ 30.4 g/t Au from 90m
• SOMRC028: 4m @ 5.1 g/t Au from 106m
Drilling included 3 holes to test the extensions of the high-grade mineralisation to a vertical depth of ~150m and hence the open
pit possibly extending to an underground mine. Each of these holes intersected the targeted lode horizon at or near the paragneiss-
orthogneiss contact.
Immediately to the north, mineralisation turns into a stockwork where limited previous and historical drilling has returned broad
zones of gold mineralisation including:
• SOMRC018: 23m @ 0.4 g/t Au from 10m • MA26: 7m @ 0.8 g/t Au from 3m
Despite the mineralisation turning into a stockwork with a varied orientation of veins, this area has never been drilled on a different
orientation. Importantly, the northern stockwork zone remains outside the current Resource and open pit design. Accordingly, 3
holes were drilled to this zone and intersected with veins in each hole.
At Pritchard’s Well which contains nuggety mineralisation, 4 RC holes were drilled and will be assayed by pulverized Photon
and/or Leachwell, which use larger sample sizes more suited to the style of mineralisation.
Discovery Drilling at Lesgo
The Lesgo anomaly is located within the ~16km x 8km Star of Mangaroon camp scale prospect and only ~500m from Star of
Mangaroon and Pritchard’s Well. Lesgo sits on a ~2.6km long mineralised shear zone.
Previous limited drilling intersected a base metal rich vein that was associated with vanadium mica (roscoelite) alteration and Au-
Ag-Bi-Mo-Sb-Te pathfinder anomalism and returned 1m @ 7.4 g/t Au and 49.9g/t Ag from 22m.
Lesgo represents a new structure that can be traced in magnetics and mapping for >2.6kms. In this program, 4 RC scissor holes
were drilled at Lesgo to test an alternate interpretation of the lithological orientation under the primary mapped mineralised
structure. Drilling confirmed lithological units and boundaries dip towards the southwest as opposed to the northeast as originally
interpreted. Intense alteration was associated with shearing and veining in several holes.
Results are expected in this quarter.
Unit 1, 4 Burgay Court,
Osborne Park, WA 6017
+61 8 9473 8345
info@dreres.com.au
www.dreadnoughtresources.com.au
ASX:DRE Dreadnought Resources Ltd 3
Stinger Rare Earth Drilling: Gifford Creek (100%)
An RC drilling program (3 holes, 366m) was recently completed to follow up on a thick rare earth enriched carbonatite
that contained 140m @ 0.9% TREO (24% NdPr:TREO Ratio) from 307m (CBDD011). The fresh highly
fractionated zone consisted of barium and strontium enriched calcite carbonatite mineralised with coarse-grained 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 the Australian National University.
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 holes intersected similarly weathered mineralised carbonatite as seen in holes CBRC194 and CBRC196 which
returned significant intercepts including:
CBRC195: 130m @ 0.7% Nb2O5 from 71m, including 39m @ 1.3% Nb2O5 from 84m; and
97m @ 0.9% TREO from 57m including 23m @ 1.6% TREO from 71m
CBRC194: 122m @ 0.6% Nb2O5 from 64m, including 26m @ 1.1% Nb2O5 from 99m; and
109m @ 0.7% TREO from 57m, including 26m @ 1.2% TREO from 64m; and
116m @ 10.5% P2O5 from 70m, including 20m @ 21.9% P2O5 from 138m
RC hole CBRC203 intersected the fresh rock contact between the niobium enriched magnesio carbonatite and the REE
enriched barium-strontium-
calcio carbonatite. A re-
interpretation of this contact
indicates that the dip of the
highly fractionated unit is
~50° and that the high-grade
REE target has not yet been
tested.
A short diamond drilling
program will allow for
metallurgical samples to be
collected and will be more
effective in the weathered
carbonatite. Drilling is
expected to commence in
November 2025.
Figure 2: Cross section of
Stinger showing the location of
the REE-enriched carbonatite
and associated high-grade REE
target in the weathered zone.
Unit 1, 4 Burgay Court,
Osborne Park, WA 6017
+61 8 9473 8345
info@dreres.com.au
www.dreadnoughtresources.com.au
ASX:DRE Dreadnought Resources Ltd 4
Dreadnought’s work plan summary
Dec 2025 Quarter Mar 2026 Quarter June 2026 Quarter Sept 2026 Quarter
Star of
Mangaroon
Mine
Upgraded Resource and Mine Plan. Mining, Haul, Process
Agreement, Approvals and Commencement of
Production
Production and Processing
Mangaroon
Drilling
Star of Mangaroon, Pritchard’s, Steve’s Reward, Cullens,
Midday Moon, Midnight Star
RC drilling of defined targets at Bordah, High Range North, High
Range South, Minga Bar, Alma Intrusion Camp Scale Targets
Mangaroon
Exploration
Ongoing target definition work at Bordah, High Range North, High Range South, Minga Bar, Alma Intrusion Camp Scale Targets
Metzke’s
Find Mine
Mining Lease Application
Technical and Environmental
Studies
Resource Update and Scoping
Study
Approvals
Illaara
Drilling
Metzke’s Find Infill and Extension Drilling
Illaara
Exploration
Illaara wide spaced and infill air core drilling
Upcoming News
• November: Results from drilling at Steve’s Reward
• December Quarter: Update on Star of Mangaroon processing agreement
• November: Results from regional gold drilling at Cullen’s Find, Midday Moon, Midnight Star
• November: Mineralogy results from diamond drilling at Stinger Nb-REE
• November: Commencement of drilling at Metzke’s Find - Illaara Gold Project
• November/December: Results from drilling at Star of Mangaroon
• November/December: Results from target generation and definition work
For further information please refer to previous ASX announcements:
• 25 November 2020 Mangaroon Ni-Cu-PGE & Au Project
• 12 September 2022 Star of Mangaroon Acquisition & Consolidation
• 7 June 2023 Mangaroon Gold Review and Further Consolidation
• 13 March 2024 Star of Mangaroon Camp Scale Gold Prospect Expands to ~15km x 10km
• 26 July 2024 Consolidation, Growth & Commercialisation
• 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
• 23 June 2025 Gold Drilling Commenced at Mangaroon
• 24 September 2025 36% Increase in High-Grade M&I Resource
• 20 October 2025 Rare Earth/Niobium Drilling To Commence
• 29 October 2025 Upgraded Study for Star of Mangaroon
~Ends~
For further information please contact:
Dean Tuck Jessamyn Lyons
Managing Director Company Secretary
Dreadnought Resources Limited Dreadnought Resources Limited
E: dtuck@dreres.com.au E: jlyons@dreres.com.au
This announcement is authorised for release to the ASX by the Board of Dreadnought.
Unit 1, 4 Burgay Court,
Osborne Park, WA 6017
+61 8 9473 8345
info@dreres.com.au
www.dreadnoughtresources.com.au
ASX:DRE Dreadnought Resources Ltd 5
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 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. *Surface reported at a 0.5g/t Au cut-off.
Type
Measured Indicated Inferred Total
Tonnes Au (g/t) Au (Oz) Tonnes Au (g/t) Au (Oz) Tonnes Au (g/t) Au (Oz) Tonnes Au (g/t) Au (Oz)
Surface* 8,300 1.0 300 8,300 1.0 300
Transition 6,300 24.9 5,100 3,300 6.5 700 9,600 18.6 5,800
Fresh 33,200 13.5 14,400 23,500 8.5 6,400 1,000 5.1 200 57,700 11.3 21,000
Total 39,500 15.3 19,400 26,800 8.2 7,100 9,300 1.4 400 75,600 11.1 27,000
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).
Unit 1, 4 Burgay Court,
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+61 8 9473 8345
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www.dreadnoughtresources.com.au
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SNAPSHOT – MANGAROON CRITICAL MINERALS
Mangaroon is 100% Owned
• 100% owned Mangaroon confirmed as a globally significant critical minerals complex with proven potential
for rare earths (REE), niobium (Nb), scandium (Sc), titanium (Ti) and phosphorous (P).
Genuine Scale Potential Already at the Yin Ironstones
• Independent Yin Resource of 29.98Mt @ 1.04% TREO (ASX 30 Nov 2023) covers only ~4.6km of ~43km of
strike - 87% Measured and Indicated including a higher grade 11.63Mt @ 1.93% TREO (See Table 3 and 4).
• Yin contains a higher NdPr to total rare earth oxides (“NdPr:TREO”) ratio than most REE deposits and
>50% higher than the global average.
Positive Metallurgy Results at the Yin Ironstones
• Metallurgical test work from Yin has performed well, achieving recoveries ranging from 85.9% to 92.8% at a
concentrate grade of 10.76% to 15.31% Nd2O3+Pr6O11.
• REE at Yin is predominantly hosted in monazite which is amenable to commercial processing.
• ANSTO, a world-leader in the processing of critical and strategic metals, has demonstrated that the Yin
monazite concentrate has excellent metallurgical recoveries using a conventional low-temperature acid
bake/leach process and produces a high quality MREC containing 60.7% TREO (16.3% Nd2O3 and 4.4%
Pr6O11) with ~94% recovery of Nd and Pr.
Significant, Growth and Multiple Critical Minerals Potential at the Gifford Creek Carbonatite
• The Gifford Creek Carbonatite and associated Ironstones is one of the largest carbonatite complexes in the
world.
• Wide spaced drilling over <25% of the ~17km long Gifford Creek Carbonatite has already identified 4 zones
of mineralisation containing rare earths, niobium, scandium, phosphorous and titanium. This makes for a
potential multi-critical mineral mix of co-products with significant intercepts including:
CBRC115: 102m @ 1.1% TREO from 3m, including 29m @ 2.1% TREO from 76m
CBRC195: 130m @ 0.7% Nb2O5 from 71m, including 39m @ 1.3% Nb2O5 from 84m
CBRC194: 116m @ 10.5% P2O5 from 70m, including 20m @ 21.9% P2O5 from 138m
CBRC125: 110m @ 136ppm Sc from 12m, including 10m @ 270ppm Sc from 18m
CBRC200: 89m @ 8.9% TiO2 from 48m, including 8m @ 22.2% TiO2 from 72m
CBRC200: 66m @ 1.0% ZrO2 from 72m, including 19m @ 1.4% ZrO2 from 104m
• The recent discovery of a highly fractionated rare earth enriched carbonatite with similarities to the globally
significant Mount Pass deposit in the US (MP-NYSE) highlights the significant potential of the Gifford Creek
Carbonatite to produce more discoveries.
• Mineralogical work at the Gifford Creek Carbonatite has confirmed that the dominant niobium mineral is
pyrochlore, which is a high niobium mineral (>50%) from which ~95% of global niobium is produced.
Mineralogical work for rare earths and niobium is ongoing.
Global Strategic Imperative Driving Critical Minerals Growth
• Supply chain security and low carbon transition are imperatives against a backdrop of heightened geopolitical
tension.
Unit 1, 4 Burgay Court,
Osborne Park, WA 6017
+61 8 9473 8345
info@dreres.com.au
www.dreadnoughtresources.com.au
ASX:DRE Dreadnought Resources Ltd 7
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, 29 Sept 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.
Unit 1, 4 Burgay Court,
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+61 8 9473 8345
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www.dreadnoughtresources.com.au
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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. Shaun Searle, a
Competent Person who is a Member of the Australian Institute of Geoscientists. Mr. Searle is an employee of Ashmore Advisory Pty Ltd. Mr. Searle 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. Searle consents to the inclusion in the announcement of the matters based on his information in the form and context that the information
appears in relation to Mineral Resource estimates.
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. *Surface reported at a 0.5g/t Au cut-off.
Type
Measured Indicated Inferred Total
Tonnes Au (g/t) Au (Oz) Tonnes Au (g/t) Au (Oz) Tonnes Au (g/t) Au (Oz) Tonnes Au (g/t) Au (Oz)
Surface* 8,300 1.0 300 8,300 1.0 300
Transition 6,300 24.9 5,100 3,300 6.5 700 9,600 18.6 5,800
Fresh 33,200 13.5 14,400 23,500 8.5 6,400 1,000 5.1 200 57,700 11.3 21,000
Total 39,500 15.3 19,400 26,800 8.2 7,100 9,300 1.4 400 75,600 11.1 27,000
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
Indicated Inferred Total
Tonnes Au (g/t) Au (Oz) Tonnes Au (g/t) Au (Oz) Tonnes Au (g/t) Au (Oz)
Transition 800 1.1 30 1,100 17.4 600 1,900 10.3 600
Fresh 44,600 7.4 10,600 21,800 5.2 3,600 66,500 6.7 14,300
Total 45,00 7.3 10,700 22,900 5.8 4,200 68,400 6.8 14,900
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
Measured Indicated Inferred Total
Tonnes
(Mt)
TREO
(%)
TREO
(kt)
Tonnes
(Mt)
TREO
(%)
TREO
(t)
Tonnes
(Mt)
TREO
(%)
TREO
(t)
Tonnes
(Mt)
TREO
(%)
TREO
(t)
NdPr:TREO
Ratio (%)
Oxide 2.47 1.61 39.7 13.46 1.06 142.6 1.51 0.75 11.2 17.44 1.11 193.6 29
Fresh 2.70 1.09 29.5 7.67 0.95 72.8 2.17 0.75 16.3 12.54 0.95 118.7 29
Total 5.17 1.34 69.3 21.13 1.02 215.4 3.68 0.75 27.6 29.98 1.04 312.3 29
Table 5: Summary of Yin Resources at 1.00% TREO Cut off.
Type
Measured Indicated Inferred Total
Tonnes
(Mt)
TREO
(%)
TREO
(kt)
Tonnes
(Mt)
TREO
(%)
TREO
(t)
Tonnes
(Mt)
TREO
(%)
TREO
(t)
Tonnes
(Mt)
TREO
(%)
TREO
(t)
NdPr:TREO
Ratio (%)
Oxide 1.60 2.22 35.6 5.34 1.99 106.4 0.26 1.67 4.3 7.20 2.03 146.3 30
Fresh 1.36 1.68 22.8 2.65 1.81 47.9 0.42 1.72 7.3 4.43 1.76 78.0 29
Total 2.96 1.97 58.4 7.99 1.93 154.3 0.68 1.70 11.6 11.63 1.93 224.3 29
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)
Resource (Mt)
TREO
(%)
NdPr:TREO
(%)
Nb2O5
(%)
P2O5
(%)
TiO2
(%)
Sc
(ppm)
Contained
TREO (t)
Contained
Nb2O5 (t)
0.70 10.84 1.00 21 0.22 3.5 4.9 85 108,000 23,700
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Table 7: Drill Collar Data (GDA94 MGAz50)
Hole ID Easting Northing RL Dip Azimuth EOH Type Prospect
SRRC016 340700 7366250 285 -60 186 89 RC
Steves Reward
SRRC017 340700 7366290 285 -60 182 84 RC
SRRC018 340700 7366330 284 -60 182 84 RC
SRRC019 340700 7366370 284 -60 185 84 RC
SRRC020 340700 7366410 284 -59 179 84 RC
SRRC021 340534 7366250 283 -61 178 84 RC
SRRC022 340448 7366112 284 -60 180 84 RC
SRRC023 340449 7366150 284 -60 180 84 RC
SRRC024 340444 7366187 283 -60 179 84 RC
SRRC025 340446 7366230 283 -60 14 84 RC
SRRC026 340370 7366213 285 -55 184 84 RC
SRRC027 339994 7366622 285 -60 221 84 RC
SRRC028 340053 7366586 284 -60 229 84 RC
SRRC029 340103 7366540 284 -60 224 84 RC
SRRC030 340127 7366565 286 -61 223 96 RC
SRRC031 340086 7366626 286 -61 229 84 RC
SRRC032 340028 7366652 286 -61 228 90 RC
SRRC033 340050 7366681 288 -61 228 84 RC
SRRC034 340077 7366705 284 -61 223 84 RC
SRRC035 339862 7366683 284 -61 224 84 RC
SRRC036 339879 7366718 283 -61 223 84 RC
SRRC037 339922 7366746 283 -61 224 84 RC
SRRC038 339949 7366777 283 -60 224 84 RC
SRRC039 339970 7366805 283 -61 227 84 RC
SRRC040 339913 7366985 284 -60 225 84 RC
SRRC041 339934 7367018 284 -60 225 84 RC
SRRC042 340148 7366942 283 -60 225 84 RC
SRRC043 340184 7366952 283 -60 225 84 RC
CFRC001 346123 7379618 296 -61 271 96 RC
Cullens Find
CFRC002 346165 7379615 297 -60 272 132 RC
CFRC003 346093 7379662 301 -61 271 66 RC
CFRC004 346131 7379662 298 -60 270 89 RC
CFRC005 346170 7379647 298 -61 279 114 RC
CFRC006 346061 7379701 304 -60 268 66 RC
CFRC007 346105 7379700 300 -60 273 53 RC
CFRC008 346079 7379702 303 -61 274 42 RC
MMRC001 344160 7380670 285 -60 93 84 RC
Midday Moon
MMRC002 344120 7380670 285 -61 92 90 RC
MMRC003 344080 7380670 285 -60 90 90 RC
MMRC004 344040 7380670 285 -60 92 90 RC
MMRC005 344100 7380500 285 -56 90 108 RC
MMRC006 344060 7380500 285 -62 88 84 RC
MMRC007 344022 7380497 289 -60 93 84 RC
MMRC008 343980 7380497 289 -61 89 84 RC
MMRC009 344124 7380098 286 -60 93 84 RC
MMRC010 344082 7380095 280 -61 92 60 RC
MMRC011 344042 7390098 276 -61 92 84 RC
MMRC012 344107 7380096 275 -61 91 42 RC
MSRC001 343418 7384299 259 -61 90 84 RC
Midnight Star
MSRC002 343378 7384304 259 -60 90 84 RC
MSRC003 343321 7384299 297 -60 92 84 RC
MSRC004 343258 7384303 300 -60 93 84 RC
MSRC005 343201 7384303 299 -61 93 84 RC
MSRC006 343760 7383400 287 -61 87 102 RC
MSRC007 343718 7383401 279 -60 88 65 RC
MSRC008 343679 7383398 284 -61 89 84 RC
Unit 1, 4 Burgay Court,
Osborne Park, WA 6017
+61 8 9473 8345
info@dreres.com.au
www.dreadnoughtresources.com.au
ASX:DRE Dreadnought Resources Ltd 10
Hole ID Easting Northing RL Dip Azimuth EOH Type Prospect
SOMRC093 372262 7359926 302 -60 147 84 RC
Star of Mangaroon
SOMRC094 372309 7359893 285 -61 145 84 RC
SOMRC095 372313 7359897 299 -61 147 84 RC
SOMRC096 372454 7359829 293 -61 270 198 RC
SOMRC097 372457 7359807 293 -61 270 198 RC
SOMRC098 372457 7359763 297 -61 270 198 RC
PWRC009 365820 7365578 300 -61 206 60 RC
Pritchard Well
PWRC010 365830 7365591 299 -61 209 84 RC
PWRC011 365761 7365630 324 -61 206 60 RC
PWRC012 365761 7365647 317 -61 207 84 RC
LGRC004 371232 7364259 316 -61 62 48 RC
Lesgo
LGRC005 371215 7364249 316 -62 62 54 RC
LGRC006 371194 7364239 316 -62 61 48 RC
LGRC007 371175 7364228 316 -60 61 48 RC
CBRC202 416045 7348191 329 -61 31 96 RC
Stinger
CBRC203 416068 7348217 285 -62 32 168 RC
CBRC204 416093 7348260 285 -62 32 102 RC
Unit 1, 4 Burgay Court,
Osborne Park, WA 6017
+61 8 9473 8345
info@dreres.com.au
www.dreadnoughtresources.com.au
ASX:DRE Dreadnought Resources Ltd 11
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 speci
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