From Dreadnought Insider June 2024 Mailer - Great News re T-Y...

From Dreadnought Insider June 2024 Mailer - Great News re T-Y drilling.

The time is starting to fly by, a busy month by all accounts with exploration in full swing. Exploration results are flowing, and potential new discoveries are being made. As if the thick, high-grade gold at Chicken Little and emerging Tiger Cu-Zn-Ag-Au VMS wasn’t enough, we have been given an opportunity to get back to Tarraji-Yampi much earlier than planned.

Derby and Kimbolton have recorded one of their driest wet seasons on record and when we heard that the tracks were being regraded in May, we saw an opportunity to get an early drill program in at Tarraji-Yampi. The last time we had the opportunity to commence drilling in June was 2021 when we made the Orion Discovery with hole KMRC017. We were then able to return later that year to deliver another significant follow-up program. Should any of our compelling Cu-Au VMS targets come off, we would be able to return in August/September to deliver follow-up programs and make the most of the year and any momentum we receive on the back of a new discovery. But that is getting ahead of ourselves; we have plenty to do and deliver before those decisions are made.

The ability to mobilise so quickly, on short notice, is a testament to the team, our contractors, and stakeholders in the project. The team is excited, and we look forward to seeing what the drill bit hits. Hopefully, the next newsletter will have photos of massive sulfides from one or two of our targets!

So, what does the timeline and plan look like now? We will deliver this Tarraji-Yampi program in June till early July. We will then mobilise back down to Mangaroon and deliver the EIS co-funded REE-Nb drilling at the Gifford Creek Carbonatite, Cu-Zn-Ag-Au VMS, and gold drilling, which should take us into August, hopefully in time to make some noise at Diggers. At this point, we will have delivered a first round of Central Yilgarn, Tarraji-Yampi, and Mangaroon drill programs for 2024, and based on the results from those programs, we will determine the next steps: Return to Tarraji-Yampi to follow up on a Cu-Au discovery? Continue chasing the Niobium or an emerging gold or Cu-Zn-Ag-Au discovery at Mangaroon or return to Central Yilgarn to follow up on Chicken Little and the other targets around T6. We certainly have some high-impact drilling programs in the coming months and should have plenty of news flow.

A number of discussions continue to advance on the deal front across our projects with the team also progressing and looking at potential partnerships to develop some of our high-grade gold assets. As always, we see a solid pipeline of exploration and news flow ahead of us and hopefully some surprises in there as well. Thank you for your continued interest in Dreadnought, following or becoming a part of our story as we work to deliver discoveries and returns for our shareholders.

- Dean Tuck, Managing Director