Ann: Finding More Gold, Faster, page-197

Looking good she is a keeper.

Here's a concise summary of Dreadnought Resources' future outlook:

1. Near-Term Gold Production: "Finding More Gold, Faster"

• Star of Mangaroon (Mangaroon Gold Project):

  • High-grade resource (23,300 oz @ 12.8g/t Au).

  • Targeting first production in 2025, with strong projected cash flow (>A$40M).

  • Strategic partnership with Black Cat Syndicate offers a near-term processing route.

  • Ongoing drilling and resource expansion throughout 2025.

• Illaara Gold Project:

  • High-potential gold project with significant untested structures.

  • Priority area for further drilling.

• Expanded Footprint:

  • Land acquisition along the Minga Bar shear zone to increase discovery potential.

2. Critical Minerals Development: REE, Niobium, Nickel-Copper-PGE

• Rare Earths:

  • Yin REE Project: Large, advanced-stage resource (29.98Mt @ 1.04% TREO).

  • C3 Carbonatite: Additional REE-Nb resource with long-term potential.

  • Positioning for future market upside; seeking JV partnerships.

• Niobium:

  • Stinger Target: Large exploration potential (15–60Mt @ 0.5–1.0% Nb₂O₅).

  • Industry discussions ongoing for development collaboration.

• Nickel-Copper-PGE:

  • Money Intrusion JV with Teck Resources:

    • Teck can earn 75% by funding $15M over 6.5 years.

    • Surveys begin June 2025, offering non-dilutive advancement.

3. Financial and Strategic Position

• Strong capital base from recent raisings (over A$12 million in early 2025).

• Clear path to becoming a self-funded explorer via gold production.

• Strategic use of partnerships (Teck, Black Cat) to reduce shareholder dilution.

4. Key 2025 Catalysts

• Gold assay results (May/June).

• Follow-up drilling at Star of Mangaroon (June onward).

• Updates from Teck JV (starting surveys in June).

• Ongoing regional exploration across critical mineral targets.

• Potential new discoveries and production decision milestones.

Outlook Summary

Dreadnought Resources is on a dual-growth trajectory:

• Short-term cash flow from gold production (Star of Mangaroon).

• Long-term value from critical mineral assets and strategic partnerships.
  
  Positioned as a dynamic player in Australia's resource sector with near-term production upside and large-scale discovery potential.
  
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