Overview and FocusDreadnought Resources emphasizes its strategy...

Overview and Focus

• Dreadnought Resources emphasizes its strategy to supply critical metals for future needs, focusing on West Australian mineral exploration. The company aims to become a self-funded explorer through high-grade gold production and commercialization of assets like rare earths (REEs) and niobium.

Key Assets and Projects:

1. Star of Mangaroon Gold Project:

   • Near-term development: A high-grade, at-surface gold resource with multiple exploration targets.
   • Upcoming milestones:
     • November 2024: Assay results and initial resource estimates.
     • Targeted mining commencement: Late 2025.
   • Key Exploration Results:
     • Drilling includes 7m @ 23 g/t Au and 8m @ 15.5 g/t Au.
     • Heritage agreements are in place, streamlining approval processes.

2. Gifford Creek Carbonatite:

   • Critical metals (Nb-REE): Contains a mix of niobium, rare earth elements, phosphate, titanium, and scandium.
   • Exploration Success:
     • Significant drilling intercepts include 130m @ 0.7% Nb2O5.
     • Metallurgical testing is ongoing to support commercialization.
     • Potential joint venture (JV) discussions are underway.

3. Mangaroon REE and Ni-Cu-PGE Projects:

   • REEs: Resource of 29.98 Mt @ 1.04% TREO with high NdPr content.
   • Ni-Cu-PGE potential: Massive sulphide mineralization confirmed along a 50km intrusion. JV discussions in progress.

4. Tarraji-Yampi Cu-Au-Zn-Ag Discovery:

   • Significant VMS (volcanogenic massive sulphide) mineralization confirmed.
   • Recent drill results include 12m @ 3.6% Zn, 0.5% Cu, and 13.4 g/t Ag.
   • Strategic review underway for commercialization.

Commercialization and Exploration Strategy

• Self-funding plan:

  • Focused on outsourcing development and processing operations to reduce capital burden.
  • Star of Mangaroon expected to generate cash flows that will fund further exploration.
  • Progressing Gifford Creek towards resource evaluation for potential commercialization.

• JV strategy: Partnerships are being actively pursued for certain projects to accelerate development and minimize costs.

Upcoming Catalysts (2024-2025)

• November 2024: Results from gold drilling and new exploration targets at Mangaroon.
• November 2024: Co-funded geophysical surveys for Tarraji-Yampi.
• December 2024: Additional resource updates for Mangaroon gold.
• March 2025: Follow-up drilling at Star of Mangaroon and Popeye deposits.

Company Structure and Financials:

• Capital structure: 3.75 billion shares on issue, with a market cap of approximately $56.3M.
• Board and Management Investment:
  • $6.8M invested by insiders (~15% ownership).
  • Cash on hand: $2.6M (including R&D rebates).
• Liquidity: Average trading volume of $0.1M per day over the past 90 days.

Conclusion

• Dreadnought Resources is positioned as a multi-commodity explorer with exposure to critical minerals. With experienced management and a strong pipeline of discoveries, the company aims to capitalize on near-term gold production and leverage its REE and niobium assets for future growth.

This presentation outlines Dreadnought's strategy to navigate current market conditions through commercialization, joint ventures, and strategic exploration. It focuses heavily on Mangaroon’s gold and REE projects while leveraging existing assets to create long-term value.