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DREADNOUGHT RESOURCES LTD — Interim / Quarterly Report 2022
Oct 30, 2022
64785_rns_2022-10-30_6072df18-85a9-47ea-aa46-9007f8d0faee.pdf
Interim / Quarterly Report
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31 October 2022
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30 SEPTEMBER 2022 QUARTERLY ACTIVITIES REPORT
The Board of Dreadnought Resources Ltd (ASX:DRE) (“Dreadnought” or “the Company”) is pleased to provide a summary of activities for the quarter ended 30 September 2022.
MANGAROON REE PROJECT (100%)
During the quarter the Company continued its focus on drilling at its 100% owned Mangaroon rare earths project. A total of 13,725m of RC drilling and 1,100m of diamond drilling were completed during the reporting period.
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Figure 1: Plan view of the Yin and Yangibana Ironstone Complexes highlighting the known REE ironstones in relation to the C1-C7 carbonatites (C6 off image) over an orthoimage. C1-C7 could be the source REE intrusions for the region (see inset model) and are analogous to the mineralisation style at Mt Weld (ASX.LYC) and Mountain Pass (NYSE.MP).
Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 646, West Perth WA 6872
www.dreadnoughtresources.com.au
[email protected] +61 08 9473 8345
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Yin Ironstone Complex: Assays for 91 out of 120 RC holes have been reported to date. These assays continue to confirm thick, high-grade, REE mineralisation at the 3km long Yin ironstone discovery (Figure 2) . The Yin trend contains over ~16kms of strike potential, of which only ~3kms has been drilled to date. An initial JORC Resource for Yin will be announced in the December 2022 quarter.
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Figure 2: Plan view over an orthoimage showing the location of announced holes (red dots) and holes awaiting assay (blue dots) successfully identifying REE over 3km. Planned extensional holes (white dots) are also shown.
Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 646, West Perth WA 6872
www.dreadnoughtresources.com.au
+61 08 9473 8345
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C1-C5 Carbonatites: Subsequent to the end of the quarter, RC drilling commenced at the C1-C5 carbonatites (Figures 3 & 4) . The program consists of both fence line drilling and wide spaced pattern drilling. Drilling at C3 and C4 intersected mineralisation in 13 of the 14 holes including intercepts up to 54m thick in 2 of those holes.
In addition to REE, other commodities identified include phosphate, titanium, graphite and niobium. These positive results, so early in the program, confirm the potential of C1-C5 to host significant REE mineralisation. The program over C1-C5 will be completed in November 2022 with assays for C3 and C4 also expected in November 2022.
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Figure 3: Cross section through C3 showing multiple carbonatite and syenite intrusions, variable weathering (clays) and thick mineralisation hosted in both weathered clays and fresh carbonatite. CBRC001 is the broadest zone of mineralisation in C3 intersecting ~38m from 33-71m.
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Figure 4: Cross section through C4 showing multiple carbonatite and syenite intrusions, variable weathering (clays) and thick mineralisation hosted in fresh amphibole-rich magnesiocarbonatite. CBRC010 is the broadest zone of mineralisation in C4 intersecting ~54m from 91-145m .
Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 646, West Perth WA 6872
www.dreadnoughtresources.com.au [email protected]
+61 08 9473 8345
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Ironstone Anomalies: Outcropping REE mineralisation at 22 targets was confirmed during the quarter (Figure 5) . Mapping and sampling at a further 100 targets within a 40km radius of the Yin Ironstone Complex is ongoing.
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----- Start of picture text -----
Yin
Y3
New
Targets
New
Targets
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Figure 5: Image of a portion of the thorium radiometric image showing the location of Yin, Sabre (Y3) and some of the 100 new targets to be assessed.
Mangaroon Ni-Cu-PGE First Quantum Earn-In - Figure 6:
First Quantum Minerals Ltd (TSE:FM “First Quantum”), a ~A$20B TSX listed company, exercised its earn-in option over the Mangaroon Ni-Cu-PGE Project. First Quantum has funded the option period and can now earn an initial 51% interest by funding $12M of expenditure by 1 March 2026. First Quantum may withdraw at any time during the earn-in phase with 0% interest (ASX 30 August 2022). First Quantum also paid Dreadnought $150,000 upon exercise of the option.
Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 646, West Perth WA 6872
www.dreadnoughtresources.com.au [email protected] +61 08 9473 8345
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Disseminated to net-textured/brecciated magmatic Ni-Cu sulphide (pyrrhotite-chalcopyrite-pentlandite) mineralisation has been intersected in 9 out of 12 RC holes. The drilling covers only ~10% of strike along the ~45km long Money Intrusion, located within the Mangaroon Ni-Cu-PGE Project. Assays are expected in November 2022.
There remains significant potential for this system to host high tenor Ni-Cu-PGE massive sulphides. Activities will therefore focus on identifying conductive bodies within keel positions along the intrusion through ground-based Fixed Loop EM surveys. The Fixed Loop EM surveys have commenced with drill targets expected by December 2022.
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Figure 6: Plan view image of 12 recently drilled RC holes (red dots) in relation to mineralised rock chips and mapped gossanous horizon along the ~45km long Money Intrusion over magnetics and orthoimage.
Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 646, West Perth WA 6872
www.dreadnoughtresources.com.au [email protected]
+61 08 9473 8345
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Mangaroon Au (100%) - Figure 7:
During the quarter, subject to Completion, Dreadnought acquired 100% of five tenements (~77 sq kms) covering major regional structures (see ASX Release 12 September 2022). The tenements host at least ten historic gold mines including the high-grade Star of Mangaroon, Pritchard Well and Twin Peaks gold mines. Importantly, the tenements are strategically located between Dreadnought’s 100% owned rare earths project to the south-east and the First Quantum Minerals (“FQM”) Ni-Cu-PGE Earn-in to the north-west. The tenements are highly prospective for gold, base metals and rare earths.
Subject to Completion, Dreadnought now controls ~5,300 sq kms in the Gascoyne region centred around the Star of Mangaroon gold mine.
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Figure 7: Plan view map of Mangaroon showing the location of the First Quantum Earn-In and 100% DRE ground in relation to major structures, geology and roads.
Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 646, West Perth WA 6872
www.dreadnoughtresources.com.au [email protected]
+61 08 9473 8345
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Central Yilgarn (100%) - Figure 8:
During the quarter, Dreadnought exercised its option securing 100% ownership over tenements E29/965 and E30/485 (see ASX Release 7 July 2022). The exercise provides 100% ownership over the highly prospective, 75km long, Illaara Greenstone Belt.
These tenements cover parts of the Kings and P1 iron ore occurrences including significant magnetite banded iron formations, the Central Komatiite belt, currently under assessment for nickel sulphides, the eastern extensions of the Peggy Sue pegmatite field as well as several VMS and gold prospects many with samples awaiting assay.
In addition, Dreadnought completed the acquisition of 100% of seven tenements covering ~100 strike kilometres over the Evanston and Yerilgee greenstone belts (~740sq kms) west of and adjacent to the Illaara greenstone belt.
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Figure 8: Plan view of the Central Yilgarn Project showing main prospects and basement geology.
Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 646, West Perth WA 6872
www.dreadnoughtresources.com.au
+61 08 9473 8345
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Tarraji-Yampi (E04/2315) 80% and (E04/2508) 100% - Figure 9:
The high-grade Cu-Ag-Au-Co-Zn Orion massive sulphide discovery was made in 2021. The initial 2022 auger sampling program “fingerprinted” Orion and applied that knowledge across other under cover areas at TarrajiYampi. Nine high-quality Orion look-a-likes (Table 1) were identified during the quarter, including six new gossanous and mineralised outcrops, from the initial auger program. (see ASX Release 3 October 2022)
Following this success, an expanded low-impact auger program, designed to identify additional Orion look-a-likes commenced at Tarraji-Yampi. The ~3,000 sample program will take ~2 months with assays expected from December 2022 through January 2023.
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Figure 9: Plan view image of the Orion Trend, Ironclad, Grant’s and Vanguard showing the location of recently completed auger sampling (black) and planned auger sampling (blue) in relation to the geochemical anomalies, outcropping mineralisation and EM conductors.
Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 646, West Perth WA 6872
www.dreadnoughtresources.com.au [email protected]
+61 08 9473 8345
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Table 1: Description of the nine high-quality Orion lookalikes
| Target ID | Strike (m) | Width (m) |
Peak Value (Cu+Pb+Zn+As)** |
EM Conductor | Magnetic Anomaly |
Outcropping Mineralisation |
|---|---|---|---|---|---|---|
| Ironclad | 1,150 | 150 | 2,145ppm | Not Surveyed | No | Yes |
| OR1 | 300 | 150 | 1,040ppm | Not Surveyed | Yes | Under Cover |
| OR2 | 300 | 150 | 550ppm | Not Surveyed | Yes | Under Cover |
| OR3 | 650 | 100 | 1,230ppm | Yes | Yes | Under Cover |
| OR4 | 700 | 100 | 630ppm | Yes | No | Yes |
| OR5 | 400 | 200 | 540ppm | Not Surveyed | Yes | Under Cover |
| OR6 | 200 | 100 | 540ppm | Not Surveyed | Yes | Under Cover |
| Vanguard | 500 | 40 | 458ppm | Not Surveyed | Yes | Yes |
| Thunderer* | N/A* | N/A* | 795ppm* | Not Surveyed | Yes | Yes |
Auger program over Thunderer <25% complete *Background values ~50ppm Cu+Pb+Zn+As
CORPORATE
Corporate Activities during the quarter include:
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The Company completed a placement at $0.06 per share and raised $12 million (before costs) from institutional and sophisticated investors through the issue of 200 million shares.
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In addition to the Placement, Directors have subscribed for $350,000 of new shares at an issue price of $0.06 (the same price as investors in the Placement). Director participation is subject to shareholder approval at the Company’s Annual General Meeting on 30 November 2022.
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1.5 million options were exercised during the quarter injecting $60,000 into the Company.
Appendix 5B Disclosures:
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The Company’s accompanying Appendix 5B (Quarterly Cashflow Report) shows the Director salaries (including superannuation) of $34k (Item 6.1) and $63k (Item 6.2) which were apportioned between corporate and exploration work respectively.
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During the period, the Company spent $3.83m on exploration activities in WA. The expenditure represents direct costs associated with the various surveys, drilling programs and associated assays outlined in this report.
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At the end of the quarter, the Company had $8.5 million cash at bank.
Board Changes:
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During the quarter Philip Crutchfield KC was appointed as a Non-Executive Director of Dreadnought effective 13 September 2022. Philip is a barrister specialising in commercial law. Philip is also a Director of Black Cat Syndicate Limited (ASX:BC8), Hamelin Gold Limited (ASX:HMG), Encounter Resources Limited (ASX:ENR) and Applyflow Limited (ASX:AFW).
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Paul Payne decided to step down as a Non-Executive Director of Dreadnought effective 13 September 2022. After providing many years of valuable service, Paul will continue to provide a number of consulting services to Dreadnought including an initial JORC Resource on the Metzke’s Find gold deposit at the Central Yilgarn Project in the December 2022 quarter.
Change of Auditor:
- During the quarter PKF Perth were appointed as Dreadnought’s auditor subject to shareholder approval at the Annual General Meeting on 30 November 2022.
Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 646, West Perth WA 6872
www.dreadnoughtresources.com.au [email protected]
+61 08 9473 8345
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ASX Announcements
During the quarter, the Company made 43 ASX announcements, 19 of which were market sensitive (1.5 market sensitive announcements per week). These announcements were as follows:
| 28/09/2022 | Appendix 4G and 2022 Corporate Governance Statement |
|---|---|
| 28/09/2022 | Annual Report to Shareholders |
| 28/09/2022 | Drilling Commenced C1-C5 Carbonatites & Y8 Discovery |
| 15/09/2022 | Cleansing Statement – Early Exercise of Options |
| 15/09/2022 | Application for quotation of securities - DRE |
| 14/09/2022 | Initial Director’s Interest Notice – Philip Crutchfield |
| 14/09/2022 | Final Director’s Interest Notice – Paul Payne |
| 14/09/2022 | Board Changes |
| 12/09/2022 | Proposed Issue of Securities – DRE |
| 12/09/2022 | Star of Mangaroon Acquisition & Consolidation |
| 09/09/2022 | Investor Webinar Presentation Recording |
| 08/09/2022 | New World Metals Conference Presentation |
| 06/09/2022 | Investor Webinar Presentation |
| 05/09/2022 | Thick Rare Earth Ironstones Confirmed at Sabre(Y3) Discovery |
| 02/09/2022 | Change of Auditor |
| 02/09/2022 | Investor Webinar |
| 01/09/2022 | Trading Halt |
| 30/08/2022 | Mangaroon Ni-Cu-PGE Project Advances to $12m Earn-in |
| 22/08/2022 | Yin Drilling Complete, Significant Growth Potential |
| 17/08/2022 | Long-Term Incentives on Delivery of Significant REE Resource |
| 15/08/2022 | Nine Orion Look-alikes from Auger Program, More to Come |
| 10/08/2022 | Diamond Drilling Commenced at Yin Rare Earth Discovery |
| 05/08/2022 | Application for quotation of securities – DRE |
| 05/08/2022 | Cleansing Notice – Placement |
| 02/08/2022 | AMD: Completion of Sale of Strickland Copper Gold Project |
| 01/08/2022 | Cleansing Notice |
| 01/08/2022 | Application for quotation of securities – DRE |
| 01/08/2022 | Completion of Acquisition – Central Yilgarn Project |
| 01/08/2022 | Proposed Issue of Securities – DRE |
| 01/08/2022 | Proposed Issue of Securities – DRE |
| 01/08/2022 | Capital Raise to Accelerate Large Scale Rare Earth Discovery |
| 29/07/2022 | Corporate Presentation – July 2022 |
| 29/07/2022 | Trading Halt |
| 29/07/2022 | Quarterly Cashflow Report – June 2022 |
| 29/07/2022 | Quarterly Activities Report – June 2022 |
| 28/07/2022 | Assays Confirm Yin as a High-Grade Rare Earth Discovery |
| 25/07/2022 | Rare Earth Ironstones Confirmed Over 3km of Strike at Yin |
| 15/07/2022 | Proposed issue of securities – DRE |
| 15/07/2022 | Notification regarding unquoted securities – DRE |
| 13/07/2022 | AMD: Divestment of Strickland Gold Project WA |
| 11/07/2022 | Significant Regional Consolidation – Central Yilgarn Project |
| 07/07/2022 | Exercise of Option Consolidates Ownership of Illaara |
Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 646, West Perth WA 6872
www.dreadnoughtresources.com.au
+61 08 9473 8345
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Acknowledgements:
Dreadnought would like to acknowledge the continued support of the Dambimangari, Thiin Mah and Thudgari People, Department of Defence, our Joint Venture Partners Whitewater Resources Pty Ltd and First Quantum Minerals, Frontier Helicopters, Southern Geoscience Consultants, Hagstrom Drilling, Ausdrill, Golden Connection, Onshore Environmental and Derby Stock Supplies.
UPCOMING NEWSFLOW
November: Assays from Peggy Sue pegmatite sampling (Central Yilgarn)
November: Assays from RC drilling at Nelson, Trafalgar, Metzke’s Find, Spitfire (Central Yilgarn)
November: Results from Central Komatiite Belt target generation work (Central Yilgarn)
November: Assays for Ni-Cu sulphides at the Money Intrusion (Mangaroon First Quantum Earn-in)
November: Initial JORC Resource for Metzke’s Find Au (Central Yilgarn)
9-11 November: Noosa Mining Investor Conference
23-24 November: RIU Resurgence Conference
30 November 2022: Annual General Meeting
December/January: Results from Kimberley Auger sampling (Tarraji-Yampi)
December Quarter: Updates on and assays from REE drilling at Yin Ironstone Complex and C1-C5 Carbonatites (Mangaroon 100%)
December Quarter: Initial Yin JORC Resource (Mangaroon 100%)
~Ends~
For further information please contact:
Dean Tuck Jessamyn Lyons Managing Director Company Secretary Dreadnought Resources Limited Dreadnought Resources Limited E:[email protected] E:[email protected]
This announcement is authorised for release to the ASX by the Board of Dreadnought.
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.
Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 646, West Perth WA 6872
www.dreadnoughtresources.com.au [email protected]
+61 08 9473 8345
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SCHEDULE OF INTERESTS IN MINING TENEMENTS (As at 30 September 2022)
| Tenement | Project | Location | Status | Interest Start ofQuarter | Interest End ofQuarter |
|---|---|---|---|---|---|
| E04/2315 | Tarraji | Kimberley,WA | Granted | 80%1 | 80%1 |
| E04/2508 | Yampi | Kimberley,WA | Granted | 100% | 100% |
| E04/2557 | Yampi | Kimberley,WA | Granted | 100% | 100% |
| E04/2572 | Yampi | Kimberley,WA | Granted | 100% | 100% |
| E04/2608 | Yampi | Kimberley,WA | Granted | 100% | 100% |
| E04/2675 | Yampi | Kimberley,WA | Granted | - | 100%3 |
| E04/2676 | Yampi | Kimberley,WA | Granted | - | 100%3 |
| E04/2560 | Wombarella | Kimberley,WA | Granted | 100% | 100% |
| E04/2573 | Mt Humbert | Kimberley,WA | Granted | 100% | 100% |
| E04/2574 | Mt Humbert | Kimberley,WA | Application | - | - |
| E04/2815 | KingCreek | Kimberley,WA | Application | - | - |
| E04/2816 | KingCreek | Kimberley,WA | Application | - | - |
| P04/306 | Wombarella | Kimberley,WA | Granted | 100% | 100% |
| P04/307 | Wombarella | Kimberley,WA | Granted | 100% | 100% |
| P04/308 | Wombarella | Kimberley,WA | Granted | 100% | 100% |
| P04/309 | Wombarella | Kimberley,WA | Granted | 100% | 100% |
| E29/957 | Illaara | Yilgarn,WA | Granted | 100% | 100% |
| E29/959 | Illaara | Yilgarn,WA | Granted | 100% | 100% |
| E29/965 | Illaara | Yilgarn,WA | Granted | 0%2 | 100% |
| E29/1050 | Illaara | Yilgarn,WA | Granted | 100% | 100% |
| E29/1074 | Illaara | Yilgarn,WA | Granted | 0% | 0%4 |
| E29/1153 | Illaara | Yilgarn,WA | Granted | 0% | 100%5 |
| E30/471 | Illaara | Yilgarn,WA | Granted | 100% | 100% |
| E30/476 | Illaara | Yilgarn,WA | Granted | 100% | 100% |
| E30/485 | Illaara | Yilgarn,WA | Granted | 0%3 | 0%3 |
| E30/534 | Illaara | Yilgarn,WA | Application | - | - |
| E30/493 | Yerilgee | Yilgarn,WA | Granted | 0% | 100%5 |
| E30/494 | Yerilgee | Yilgarn,WA | Granted | 0% | 100%5 |
| E16/495 | Yerilgee | Yilgarn,WA | Granted | 0% | 100%5 |
| E30/499 | Yerilgee | Yilgarn,WA | Granted | 0% | 0%3 |
| P30/1157 | Yerilgee | Yilgarn,WA | Granted | 0% | 0%3 |
| E77/2403 | Elvire | Yilgarn,WA | Granted | 0% | 100%5 |
| E77/2416 | Evanston | Yilgarn,WA | Granted | 0% | 100%5 |
| E77/2432 | Evanston | Yilgarn,WA | Granted | 0% | 100%5 |
| E77/2634 | Evanston | Yilgarn,WA | Granted | 0% | 100%5 |
| E09/2290 | Mangaroon | Gascoyne,WA | Granted | 0% | 100%5 |
| E09/2359 | Mangaroon | Gascoyne,WA | Granted | 100% | 100% |
| E09/2370 | Mangaroon | Gascoyne,WA | Granted | 100% | 100% |
| E09/2384 | Mangaroon | Gascoyne,WA | Granted | 100% | 100% |
| E09/2405 | Mangaroon | Gascoyne,WA | Granted | 100% | 100% |
| E09/2433 | Mangaroon | Gascoyne,WA | Granted | 100% | 100% |
| E09/2448 | Mangaroon | Gascoyne,WA | Application | - | - |
| E09/2449 | Mangaroon | Gascoyne,WA | Application | - | - |
| E09/2450 | Mangaroon | Gascoyne,WA | Application | - | - |
| E09/2467 | Mangaroon | Gascoyne,WA | Application | - | - |
| E09/2473 | Mangaroon | Gascoyne,WA | Granted | 100% | 100% |
| E09/2478 | Mangaroon | Gascoyne,WA | Granted | 100% | 100% |
| E09/2531 | Mangaroon | Gascoyne,WA | Application | - | - |
| E09/2535 | Mangaroon | Gascoyne,WA | Granted | 100% | 100% |
| E09/2616 | Mangaroon | Gascoyne,WA | Application | - | - |
| E09/2620 | Mangaroon | Gascoyne,WA | Application | - | - |
| M09/0146 | Mangaroon | Gascoyne,WA | Granted | 0% | 100%5 |
| M09/0147 | Mangaroon | Gascoyne,WA | Granted | 0% | 100%5 |
| M09/0174 | Mangaroon | Gascoyne, WA | Granted | 0% | 100%5 |
Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 646, West Perth WA 6872
www.dreadnoughtresources.com.au [email protected]
+61 08 9473 8345
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| Tenement | Project | Location | Status | Interest Start ofQuarter | Interest End ofQuarter |
|---|---|---|---|---|---|
| M09/0175 Mangaroon Gascoyne,WA Granted 0% 100%5 |
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| E08/3178 Mangaroon Gascoyne,WA Granted 100% 100% |
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| E08/3274 Mangaroon Gascoyne,WA Granted 100% 100% |
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| E08/3275 Mangaroon Gascoyne,WA Application - - |
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| E08/3439 Mangaroon Gascoyne,WA Granted 100% 100% |
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| E30/0537 Bresnahan Gascoyne,WA Application - - |
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| E30/0558 Bresnahan Gascoyne,WA Application - - |
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| E30/0559 Bresnahan Gascoyne,WA Application - - |
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| E52/4137 Bresnahan Gascoyne,WA Application - - |
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| E52/4138 Bresnahan Gascoyne,WA Application - - |
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| E52/4139 Bresnahan Gascoyne,WA Application - - |
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| E52/4140 Bresnahan Gascoyne,WA Application - - |
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| E52/4141 Bresnahan Gascoyne,WA Application - - |
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| E52/4142 Bresnahan Gascoyne,WA Application - - |
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| E52/4143 Bresnahan Gascoyne,WA Application - - |
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| E52/4144 Bresnahan Gascoyne,WA Application - - |
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| E52/4145 Bresnahan Gascoyne,WA Application - - |
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| E52/4146 Bresnahan Gascoyne,WA Application - - |
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| E52/4147 Bresnahan Gascoyne,WA Application - - |
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E04/2315 subject to an 80/20 JV with Whitewater Resources Pty Ltd.
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Option over project exercised
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Tenements granted during the quarter
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Subject to an Option Agreement
-
Acquired during the quarter
Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 646, West Perth WA 6872
www.dreadnoughtresources.com.au
+61 08 9473 8345
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INVESTMENT HIGHLIGHTS
Kimberley Ni-Cu-Au Projects
Dreadnought controls the second largest land holding in the highly prospective West Kimberley region of WA. The main project area, Tarraji-Yampi, is located only 85kms from Derby and has been locked up as a Defence Reserve since 1978.
Tarraji-Yampi presents a rare first mover opportunity with known outcropping mineralisation and historic workings from the early 1900’s which have seen no modern exploration.
Results to date indicate that there may be a related, large scale, Proterozoic Cu-Au-Ag-Bi-Sb-Co system at Tarraji-Yampi, similar to Cloncurry / Mt Isa in Queensland and Tennant Creek in the Northern Territory.
Mangaroon Ni-Cu-PGE JV & REE Au 100% Project
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Mangaroon is a first mover opportunity covering ~5,300sq kms located 250kms south-east of Exmouth in the vastly underexplored Gascoyne Region of WA. Part of the project is targeting Ni-Cu-PGE and is subject to a joint venture with First Quantum Minerals (earning up to 70%). The joint venture area contains outcropping high tenor Ni-Cu-PGE blebby sulphides in the recently defined Money Intrusion. Dreadnought’s 100% owned areas contain outcropping high-grade gold bearing quartz veins along the Edmund and Minga Bar Faults and outcropping high-grade REE ironstones, similar to those under development at the Yangibana REE Project. Recently six potentially REE bearing carbonatite intrusions have been identified which may also be the source of the regional rare earths.
Central Yilgarn Gold, Base Metals, Critical Minerals & Iron Ore Project
Central Yilgarn is located ~190km northwest of Kalgoorlie in the Yilgarn Craton. The project comprises ~1,600 sq kms covering ~150km of strike along the majority of the Illaara, Yerilgee and Evanston greenstone belts. Central Yilgarn is prospective for typical Archean mesothermal lode gold deposits, VMS base metals, komatiite hosted nickel sulphides and critical metals including Lithium-Caesium-Tantalum.
Prior to consolidation by Dreadnought, the Central Yilgarn was predominantly held by iron ore explorers and remains highly prospective for iron ore.
Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 646, West Perth WA 6872
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