DREADNOUGHT RESOURCES LTD — AGM Information 2023

Nov 22, 2023

Finding the Metals for Our Future ANNUAL GENERAL MEETING 23 NOVEMBER 2023

ASX:DRE

dreadnoughtresources.com.au

Disclaimer

Refer to Dreadnought announcements for JORC Table 1 and Table 2 for results and information contained in this presentation.

Illaara Gold-VMS-Iron Ore Project

27 April 2021 31 May 2021 7 July 2021 15 February 2022

27 April 2021 Illaara Update and Regional Target Generation 31 May 2021 Drilling Results – Illaara Au-Cu-Iron Ore Project 7 July 2021 High-Grade Tantalum Results from Peggy Sue – Illaara Project 15 February 2022 Eight Conductors to be Drilled at Nelson and Trafalgar CuPb-Zn-Ag Prospects – Illaara Project 9 May 2022 Drilling Complete at Illaara Project

Kimberley Ni-Cu-Au Project

RC Results from Orion, Grant’s Find & Fuso Indicate Large Cu-u-Ag-Co System

• 25 August 2021

• 27 August 2021

Bonanza Grade Cu-Ag-Sb-Bi Mineralisation at rough Triangle High-Grade Cu-Ag-Au-Co Discovery at Orion Further High-Grade Cu-Ag-Au-Co-Zn Orion Discovery

• 15 November 2021 8 December 2021 29 April 2022

EIS Drilling Grants for Mangaroon REE and Orion Cu-Ag-AuCo

22 June 2022 Orion Auger Program – Taraji-Yampi Project 20 June 2023 Highly Conductive Anomalies Enhance Orion Look-Alikes– Taraji-Yampi Project

Mangaroon Ni-Cu-PGE, REE & Au Project

Option/JV Agreement Signed with Global Base Metal Miner Five Carbonatite Intrusions Identified at Mangaroon Project Conductors Defined along the Money Intrusion – Mangaroon FQM JV

• 07 April 2021 29 November 2021 14 February 2022

EIS Drilling Grants for Mangaroon REE and Orion Cu-Ag-AuCo

• 29 April 2022

17 October 2022 Mineralised carbonatite discovered at C3 and C4 24 October 2022 Broad high-grade assays at Yin REE Discovery 10 November 2022 Exploration Update Mangaroon Ni-Cu-PGE

Initial High-Grade, Independent Resource Over 3kms at Yin Mineralised REE Ironstones increased by 13kms to 43kms Rare Earth Ironstone Exploration Target Defined Carbonatites deliver thick near surface REE Results Metallurgical TestwOrk Supports High Grade Concentrate Mangaroon Gold Review and Further Consolidation Yin Extended by 1km & 2.5km of High Grade NdPr Discoveries

• 28 December 2022 27 January 2023 13 February 2023 3 April 2023 29 May 2023 6 June 2023 13 June 2023

Bresnahan REE-Au Project

8 February 2023 Bresnahan Emerging As a Light & Heavy Rare Earth Province

This presentation has been prepared by Dreadnought Resources Limited (Dreadnought or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presentation is not to be distributed (nor taken to have been distributed) to any persons in any jurisdictions to whom an offer or solicitation to buy shares in the Company would be unlawful. Any recipient of the presentation should observe any such restrictions on the distribution of this presentation and warrants to the Company that the receipt of the presentation is not unlawful. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation or any information, opinions or conclusions expressed in the course of this presentation. This presentation is not a prospectus, product disclosure document or other offering document under Australian law or under any other law. It has been prepared for information purposes only. This presentation contains general summary information and does not take into account the investment objectives, financial situation and particular needs of any individual investor. It is not financial product advice and investors should obtain their own independent advice from qualified financial advisors having regard to their objectives, financial situation and needs. Dreadnought nor any of their related bodies corporate is licensed to provide financial product advice. This presentation and information, opinions or conclusions expressed in the course of this presentation 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. You should not act or refrain from acting in reliance on this presentation, or any information, opinions or conclusions expressed in the course of this presentation. This presentation does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the prospects of Dreadnought. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision. Recipients of this presentation must undertake their own due diligence and make their own assumptions in respect of the information contained in this presentation and

==> picture [152 x 122] intentionally omitted <==

should obtain independent professional advice before making any decision based on the information. No representation or warranty, express or implied, is made in relation to the fairness, accuracy or completeness of the information, opinions and conclusions expressed in the course of this presentation. To the maximum extent permitted by law, no representation, warranty or undertaking, express or implied, is made and, to the maximum extent permitted by law, no responsibility or liability is accepted by the Company or any of its officers, employees, agents or consultants or any other person as to the adequacy, accuracy, completeness or reasonableness of the information in this presentation. To the maximum extent permitted by law, no responsibility for any errors or omissions from this presentation whether arising out of negligence or otherwise is accepted. An investment in the shares of the Company is to be considered highly speculative. The exploration targets or conceptual exploration targets in this presentation or expressed during the course of this presentation are subject to completion of the necessary feasibility studies, permitting and execution of all necessary infrastructure agreements. This presentation and information, opinions or conclusions expressed in the course of this presentation should be read in conjunction with Dreadnought's other periodic and continuous disclosure announcements lodged with the ASX, which are available on the Dreadnought website. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forward-looking statements include, but are not limited to, statements concerning the Company’s exploration programme, outlook and target sizes. They include statements preceded by words such as “potential”, “target”, “scheduled”, “planned”, “estimate”, “possible”, “future”, “prospective” and similar expressions.

Competent Person’s Statement

The information in this announcement that relates to geology and exploration results and planning 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 report 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 new information or data that materially affects the information in the original reports, and that the forma and context in which the Competent Person’s findings are presented have not been materially modified from the original reports. (referencing historic and new company announcements).

==> picture [960 x 14] intentionally omitted <==

2

ASX:DRE

==> picture [960 x 540] intentionally omitted <==

----- Start of picture text -----

Company Snapshot
Capital Structure
ASX Code DRE
Share Price (18/09/2023) $0.033
Shares on Issue 3,457M
Market Cap $114.1M
Cash (31/09/2023) ~$2.9M+$5.5M
Unlisted Securities (various strike prices) 66.1M
Liquidity (90-day average) ~$0.3M / day
Board and Management Cash Investment ~$6,200,000
Board & Management
Paul Chapman Non-Executive Chairman
Dean Tuck Managing Director
Philip Crutchfield Non-Executive Director
Robert Gee Non-Executive Director
Debbie Fullarton Chief Financial Officer
Matt Crowe COO & Exploration Manager
ASX:DRE 3
Jessamyn Lyons Company Secretary
----- End of picture text -----

==> picture [960 x 540] intentionally omitted <==

----- Start of picture text -----

Company Snapshot
Capital Structure
ASX Code DRE
Share Price (18/09/2023) $0.033
Shares on Issue 3,457M
Market Cap $114.1M
Cash (31/09/2023) ~$2.9M+$5.5M
Unlisted Securities (various strike prices) 66.1M
Liquidity (90-day average) ~$0.3M / day
Board and Management Cash Investment ~$6,200,000
Board & Management
Paul Chapman Non-Executive Chairman
Dean Tuck Managing Director
Philip Crutchfield Non-Executive Director
Robert Gee Non-Executive Director
Debbie Fullarton Chief Financial Officer
Matt Crowe COO & Exploration Manager
ASX:DRE 3
Jessamyn Lyons Company Secretary
----- End of picture text -----

==> picture [960 x 540] intentionally omitted <==

----- Start of picture text -----

Project Overview
Mangaroon REE, Au & LCT (100%)
 ~5,300km [2] in the Gascoyne
 Initial JORC Resource delivered over <10% of known REE ironstones
 Carbonatites exploration still early days
Mangaroon Ni-Cu-PGE (FQM earning up to 70%)
 ~1,100km [2] in the Gascoyne
 FQM to spend $15M for 51% and 70% upon decision to mine
 High tenor Ni-Cu massive sulphides confirmed in drilling
Tarraji-Yampi Cu-Ag-Au-Co (100%, E04/2315 80%)
 ~2,400km [2] in the West Kimberley
 Outcropping mineralisation, unexplored since 1978
 Orion Cu-Ag-Au-Co massive sulphide discovery
Bresnahan HREEs (100%)
 ~3,700km2 covering the Bresnahan Basin in the Gascoyne
 Prospective for unconformity HREEs (Northern Minerals - $300M)
Central Yilgarn Ni-Au-LCT-Iron Ore (100%)
 ~1,600km2 covering ~150km strike over four greenstone belts in the
Yilgarn
 Significant gold, nickel and LCT pegmatite potential
ASX:DRE 4
----- End of picture text -----

==> picture [870 x 523] intentionally omitted <==

----- Start of picture text -----

Year in Review
2023 Plan
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Kimberley
Mangaroon REEs
Mangaroon Ni-Cu-PGE
Mangaroon Au
Bresnahan
Central Yilgarn
2023 Actual
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Kimberley Late Rains
Mangaroon REEs
Mangaroon Ni-Cu-PGE
Mangaroon Au - LCT
Bresnahan
Central Yilgarn
Target generation
Target definition
Target testing
5
----- End of picture text -----

==> picture [960 x 14] intentionally omitted <==

ASX:DRE

==> picture [960 x 540] intentionally omitted <==

----- Start of picture text -----

Achievements in 2023
Mangaroon REE & Au (100%)
 3 Resources delivered, one more coming in November
 Sabre, Y8, Y2 and C3 Discoveries made
 Increased the scale of the Gifford Creek Carbonatite Complex from ~6km to ~17kms
 Metallurgical studies and geophysical breakthroughs
 Consolidated the Star of Mangaroon Gold Project – a high grade gold opportunity
Mangaroon Ni-Cu-PGE (FQM earning up to 70%)
 Discovery of high tenor Massive Sulphides in the keel position of the Money
Intrusion
Tarraji-Yampi Cu-Ag-Au-Co (100%, E04/2315 80%)
 13 Orion look-a-likes defined and partially drilled
Bresnahan HREEs (100%)
 Confirmed HREEs at Bresnahan.
 Continued to consolidate a dominate land holding in a proven Uranium province
with HREE and gold potential
Central Yilgarn Ni-Au-LCT-Iron Ore (100%)
 Metzke’s gold Resource delivered
 Gold, Lithium and Nickel review and targeting well underway
ASX:DRE 6
----- End of picture text -----

==> picture [210 x 157] intentionally omitted <==

The DREam Team

==> picture [178 x 221] intentionally omitted <==

==> picture [180 x 336] intentionally omitted <==

What can we expect for the remainder of 2023?

ASX:DRE

dreadnoughtresources.com.au

Work Programs to the end of the year

Mangaroon REE, Au & LCT (100%)

• Updated Yin Ironstone Resource

• Results of gravity survey over the Gifford Creek Carbonatite

• Results of gold drilling

• Gold target generation and definition around the Star of Mangaroon

• Mapping and surface sampling of pegmatite swarms

Mangaroon Ni-Cu-PGE (FQM earning up to 70%)

• Results of additional drill testing at the Money Intrusion

Tarraji-Yampi Cu-Ag-Au-Co (100%, E04/2315 80%)

• Results from recent work, and review in light of recent IGO/BUX Ni Discovery

Bresnahan HREEs (100%)

• Target generate and definition programs for HREEs, Au-Ag-Sb and Uranium

Central Yilgarn Ni-Au-LCT-Iron Ore (100%)

• Mapping and surface sampling of a dozen pegmatite swarms

ASX:DRE

9

==> picture [960 x 14] intentionally omitted <==

What can we expect for 2024?

ASX:DRE

dreadnoughtresources.com.au

Where is DRE on the Lassonde Curve?

==> picture [152 x 122] intentionally omitted <==

Feasibility

• Yin REE Ironstones

Discovery

• C3 (REE-Nb-P-Ti-Sc)

• • Orion (Cu-Au-Ag-Co)

• • Grants (Cu-Au-Co)

• Star of Mangaroon (Au)

Pre-discovery

• Money Intrusion (Ni-Cu-PGE)

• Central Yilgarn (Au)

• Star of Mangaroon Camp (Au)

• Central Yilgarn Pegmatites (Li)

• Mangaroon Pegmatites (Li)

• Bresnahan (HREEs)

• Bresnahan (U)

==> picture [960 x 14] intentionally omitted <==

ASX:DRE

11

==> picture [960 x 540] intentionally omitted <==

----- Start of picture text -----

Plans for 2024
Mangaroon REE, Au & LCT (100%)
 Target testing of gravity lows within the Gifford Creek Carbonatite
 Continued projected-risking and pursue commercialisation opportunities
 Target definition and testing of high-grade gold targets
 Target definition within LCT pegmatite swarms
Mangaroon Ni-Cu-PGE (FQM earning up to 70%)
 RC and Diamond rigs turning from start of the year
 Extensive IP and EM surveys
Tarraji-Yampi Cu-Ag-Au-Co (100%, E04/2315 80%)
 Finish the Cu-Ag-Au-Co drill program
 Generate and define Ni-Cu-PGE targets
Bresnahan HREEs, Au-Ag-Sb (100%)
 Target generation and definition for HREEs, gold and uranium
 Look for a partner to advance the uranium opportunity
Central Yilgarn Ni-Au-LCT-Iron Ore (100%)
 Target definition and testing of gold, lithium and nickel
 Continue to assess commercialisation opportunities for Metzke’s Gold
ASX:DRE 12
----- End of picture text -----

Take Away Message

Strong news flow throughout 2023

• Average >1 ASX announcement / week

Track record of delivering discoveries

• Yin REE ironstone

• C3 and C5 REE-Nb carbonatites

• Sabre/Y8 REE ironstones

• Orion Cu-Ag-Au-Co massive sulphide

• Metzke’s and Longmore’s gold

Poised to deliver additional discoveries in 2023/2024

• Mangaroon Au (100%)

• Mangaroon Ni-Cu-PGE (FQM Earn-in/ JV)

• Kimberley Cu-Ag-Au-Co, Ni-Cu-PGE

• Bresnahan HREEs, Au-Ag-Sb, U

• Central Yilgarn Ni, Au, Li

Experienced management team with a track record of success and strongly aligned with shareholders

• $6.2M invested to date

• ~15% Board and management ownership

==> picture [960 x 14] intentionally omitted <==

13

ASX:DRE

ASX:DRE Dreadnought Resources Ltd

dreadnoughtresources.com.au

==> picture [272 x 540] intentionally omitted <==