DREADNOUGHT RESOURCES LTD — Regulatory Filings 2014

Nov 16, 2014

Disclaimer

Forward Looking Statements

This release may include forward-looking statements. These forward-looking statements are based on management's expectations and beliefs concerning future events as of the time of the release of this document. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, some of which are outside the control of Tychean Resources Limited, that could cause actual results to differ materially from such statements. Tychean Resources Limited makes no undertaking to subsequently update or revise the forward-looking statements made in this release to reflect events or circumstances after the date of this release, except as required by law.

Competent Person Statement

The information contained in this release that relates to exploration results, mineralisation and target generation is based on information compiled by Mr Matthew Svensson, who is a Member of the Australasian Institute of Geologists (MAIG) and a full-time employee of the Company. Mr Svensson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking 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 Svensson consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.

As at the date of this release Mr Svensson has an interest in shares and options in the Company.

The following presentation contains previously announced exploration results from the following previous Tychean Resources Limited ASX announcements:

21st November 2014 – WA Gold Exploration Update

28th March 2014 – High grade gold in new results from Spargoville in WA

19th June 2014 – High Grade Paleochannel Gold Intersected In Aircore Drilling

28th July 2014 – Spargoville Air Core Resample Results.

22nd September 2014 – High Grade Single Metre Gold Results from Spargoville (WA)

The Company is not aware of any new information or data that materially affects the information included in the current market announcement.

Corporate Overview

Capital Structure
Shares on Issue1	2,003,631,090
Options2	318,377,280
Market Cap (at \$0.003 per share)	\$6.0M
Cash (as at 30 Sept 14)	\$1M
12 Month Trading Range	\$0.002 - \$0.008

(1) In addition 10 million retention rights vesting 14 May 2015

(2) 318,377,280 options on issue (ASX:TYKOA) exercisable at \$0.006 on or before 30 June 2015

Board & Management
Chairman	Bob Kennedy
Managing Director	Joe Houldsworth
Non-Executive Director	Ewan Vickery
Company Secretary	Justin Nelson
Exploration Manager	Matt Svensson

Investment Highlights

• Large advanced exploration tenement package held in the Eastern Goldfields providing access to:
• Established infrastructure;
• Readily available workforce; and
• Abundance of toll milling options
• Highly anomalous gold values identified at the Spargoville Project Area
• Significant supergene horizons open along strike at Valley Floor Prospect
• Gold focused exploration package held in NT through farm-in and JV agreement with Ramelius Resources

Project Locations

Spargoville Gold Project (100% gold rights)

"I believe that the Spargoville Greenstone Belt is most likely to play host to other High Grade, High Margin Small to Medium Gold Deposits similar to the Wattle Dam Gold Mine"

• Large advanced exploration tenement package in the Eastern Goldfields with pipeline of drill ready targets
• Exploration tenement package covering ~11,440ha across:
• 26 granted Mining Leases;
• 2 granted Exploration Licences;
• 6 Prospecting Licences; and
• 2 Miscellaneous Licences
• Encompasses previously mined, high grade Wattle Dam deposit
• Wattle Dam mine produced 880,000t @ 10.1 g/t Au for 286,000 ozs

Spargoville Gold Project (Exploration Update)

Since last November,

• 12 prospects have been drill tested
• 2 prospects identified as priority targets – Redback and Core Farm Prospects.
• Redback Prospect – high grade gold intersections within ultramafics or at contacts with felsics, located 700m from the Wattle Dam Gold Mine.
• Core Farm Prospect - high grade, paleochannel gold intersections located immediately to the north west of the Wattle Dam Gold Mine.

Redback Prospect is an exciting development and our highest priority prospect.

Whilst we have a pipeline of hot prospects to further test, all our resources are now focussed on the Redback Prospect.

Spargoville Gold Project (Redback Prospect)

• RC drilling has highlighted two gold mineralised zones at the Redback Prospect
• High grade Eastern Zone mineralisation has now been intersected over a collective strike extent of 100 metres and remains open in several directions
• Highly anomalous results in the Eastern Zone include:
• 4m @ 7.46g/t Au from 113m incl 1m @ 18.2g/t Au
• 3m @ 17.5g/t Au from 95m incl 1m @ 33.5g/t Au
• 4m @ 29.1g/t Au from 160m*
• 4m @ 10.7g/t Au from 132m*
• 8m @ 7.20g/t Au from 108m incl 4m @ 9.84g/t Au*
• 8m @ 4.55g/t Au from 92m incl 4m @ 7.43g/t Au*
• Highly anomalous results in the Western Zone include:
• 6m @ 4.47g/t Au from 124m incl 1m @ 14.3g/t Au
• 3m @ 4.18g/t Au from 67m incl 1m @ 14.3g/t Au
• 2m @ 8.82g/t Au from 136m incl 1m @ 13.4g/t Au
• Follow up and Infill, 20 RC hole, 3000 metres drill programme underway
• * Intercept calculated using 4m composite results

Spargoville Gold Project (Redback Prospect)

■ High grade Eastern Zone mineralisation has been intersected over a collective strike extent of 100 metres and remains open in several directions

Spargoville Gold Project (Redback Prospect)

■ Redback Prospect is a priority target for follow-up and infill RC drilling

Spargoville Gold Project (Core Farm Paleochannel)

• RAB and Air Core Drilling highlighted significant paleochannel gold intersections over a 450m extent and along two separate interpreted paleochannel trends including
• 1m @ 51.1g/t Au from 16m
• 1m @ 92.6g/t Au from 14m
• 3m @ 10.7g/t Au from 16m including 1m @ 29.0g/t from 16m
• 2m @ 22.4g/t Au from 15m including 1m @ 43.5g/t from 15m
• 1m @ 34.7g/t from 13m
• 1m @ 14.9g/t Au from 10m

■ Results from recent drilling downgraded prospectivity of paleochannel target.

■ Future drilling will comprise Air Core drilling in order to extend the eastern mineralised paleochannel gold trend and RC drilling which will test for potential bedrock sources to the interpreted high grade paleochannel mineralisation.

10

Valley Floor Project (100% interest)

• Valley Floor Project located in Eastern Goldfields directly south of Kambalda
• Project has been expanded with the grant of E15/1399 and applications for E15/1434 to the northwest and E15/1438 to the southwest along the interpreted Alpha Island Fault trend
• Prospect now covers exploration area of ~40km²
• Nearby Alpha Island Fault is the focus of the recent "Invincible" discovery by Goldfields
• Resource of 9.2Mt @ 4.5g/t Au for ~1.33Moz*

* Gold Fields Diggers & Dealers Presentation – August 2014

Valley Floor Project (100% interest)

• Significant supergene horizons identified from Air Core drilling programme completed in October 2013
• 54 Air Core drill holes were completed for 3,747m at a drill spacing of 80m x 200m
• Drilling within the southern area intersected several anomalous intercepts within the Archaean sedimentary basement
• Supergene horizons remain open along strike to the north and south
• Further Air Core drilling planned to further define and extend the supergene horizons along with a potential RC drilling campaign

Tanami Projects

Farm-in and JV Agreement

• Ramelius Resources Ltd (ASX:RMS) to farm-in on a package of 2 EL's and 6 ELA's held by Tychean
• Farm-in terms include:
• Ramelius to pay \$50,000 cash upon execution of the agreement;
• Ramelius to commit to a minimum exploration expenditure of \$100,000 within 2 years;
• Ramelius to earn an 85% interest in the project by exploration expenditure of \$500,000 within 3 years;
• Tychean will be free carried until a decision to mine at which time it may elect to contribute its interest or convert to a 1.5% NSR Royalty

Summary & Forward Strategy

Spargoville

• Further drilling at Redback Prospect highest priority to infill and extend identified high grade mineralisation
• Infill Air Core/RC within prospective areas along strike from or areas analogous to Redback/Wattle Dam
• Evaluate regional targets via RAB/Air Core drilling

Valley Floor

• Air Core drilling planned to further define and extend the supergene zone identified at Valley Floor and test the subtle gold anomalies at Lefroy South
• RC drilling planned to follow up any Air Core anomalies.

Thank You

Tychean Resources Ltd

L3, 100 Pirie Street Adelaide, South Australia +61 8 7324 3195