DRE dreadnought resources ltd

27 April 2023 INITIAL HIGH-GRADE GOLD RESOURCE AT METZKE’S FIND...

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    27 April 2023 INITIAL HIGH-GRADE GOLD RESOURCE AT METZKE’S FIND - CENTRAL YILGARN 100% HIGHLIGHTS • Initial Independent Indicated and Inferred Mineral Resource Estimate (“Resource” for Metzke’s Find delivers 14.9kOz @ 6.8 g/t Au. • Mineralisation at Metzke’s Find is high-grade and occurs at or near surface. The Resource is comprised of: Indicated Inferred Total Type Tonnes Au Au Tonnes Au Au Tonnes Au Au (t) (g/t) (Oz) (t) (g/t) (Oz) (t) (g/t) (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 45,500 7.3 10,700 22,900 5.8 4,200 68,400 6.8 14,900 Table 1: Metzke’s Find Resource (0.5g/t Au cut-off) *Rounding discrepancies may occur. • Following the consolidation of the Central Yilgarn Project in late 2022, a detailed review is nearing completion which will see a renewed focus on nickel and gold across the Illaara, Yerilgee, Evanston and South Elvire greenstone belts in 2023. • The initial high-grade, near surface Resource at Metzke’s Find forms a starting point for additional discoveries and further growth across the highly prospective Central Yilgarn Project. Alternatively, the deposit could provide a high-grade source for nearby processing facilities
 
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