DREADNOUGHT RESOURCES LTD — Board/Management Information 2017

Dec 20, 2017

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Australian Securities Exchange Announcement

For Immediate Release

21 December 2017

Changes to Board of Directors

Tychean Resources Limited (“Tychean” or the “Company”) advises the following changes to your Company’s Board, effective immediately, as previously announced in the Company’s Entitlement Offer Prospectus.

Chairman, Mr Robert Kennedy, and Non-executive Directors, Mr Ewan Vickery and Dr Kevin Wills, the existing Tychean Board members, have resigned subsequent to the following appointments.

Appointment of Chairman, Mr Duncan Gordon (B.Eng)

Mr Gordon is a founder and co-principal of Adelaide Equity Partners Ltd and has extensive experience working within the mining and natural resources sector. A qualified engineer with accompanying financial background, he has taken principal roles in assisting ASX-listed companies in an advisory capacity, including the identification of major corporate acquisition and divestment opportunities, Initial Public Offerings and raising debt and equity capital both within and outside Australia

Appointment of Non-executive Director, Mr Ian Gordon (B.Comm)

Mr Gordon is a mining executive with extensive experience in transaction generation, project acquisition, mine development and the management of public companies. Mr Gordon was formally an Executive Director and Managing Director of Ramelius Resources Limited for seven years and Managing Director of Flinders Mines Limited for two years and is currently the Managing Director of Monax Mining Limited. He holds a Bachelor of Commerce degree from Curtin University (WA) and is a member of the Australian Institute of Company Directors.

Appointment of Non-executive Director, Mr Paul Payne (B.AppSc Grad Dip Min Ec, FAusIMM)

Mr Payne is a geologist, and holds in excess of 30 years’ experience in mining including 10 years independent consulting across a range of commodities and jurisdictions. Mr Payne has extensive technical experience in the evaluation of mineral deposits from early stage exploration to definitive feasibility studies. Recent exploration experience includes implementation and management of gold exploration for Dacian Gold Limited in WA and Rift Valley Resources in Tanzania. Mr Payne has held corporate roles including Technical Director and Managing Director of ASX listed companies including founding Managing Director of Dacian Gold Limited, and was instrumental in the Company’s successful IPO and making the major initial gold discovery at its Mount Morgans project.

The incoming Board members are highly motivated and hold the appropriate set of skills necessary to take the Company forward and better position Tychean to capitalise on value-accretive investment opportunities as they arise without deviating from your Company’s’ core business in the mining and minerals space.

The Company would like to sincerely thank outgoing Chairman, Mr Robert Kennedy, and Nonexecutive Directors, Mr Ewan Vickery and Dr Kevin Wills, for their significant contribution to Tychean.

Duncan Gordon	Kaitlin Smith
Chairman	Company Secretary
Tychean Resources Limited	Tychean Resources Limited
P: 0404 006 444	P: 0430 371 739
E:dgordon@adelaideequity.com.au	E:info@tycheanresources.com.au