Dreadnought Resources : Corporate Presentation - July 2022

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HIGHLY ACTIVE WEST AUSTRALIAN MINERAL EXPLORER

FOCUSED ON DISCOVERY

CORPORATE PRESENTATION - JULY 2022

Disclaimer

This presentation includes forward-looking statements. When used in this document, the words such as "could", "plan", "estimate",	Illaara Gold-VMS-Iron Ore Project
"expect", "intend", "may", "potential", "should", and similar expressions are forward-looking statements. Although Dreadnought	• 6 December 2019	Consolidation of 75km Long Illaara Greenstone Belt
Resources Limited ("Dreadnought") believes that the expectation reflected in these forward-looking statements are reasonable, such	• 19 March 2020	RC Drilling Hits High Grades at Metzke's Find
statement involved risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-	• 25 September 2020	Further High-Grade Gold from Metzke's Find
only
looking statements.		• 8 October 2020	Further High-Grade Gold from Metzke's Find
This presentation has been prepared by Dreadnought for the purpose of providing an overview of its current prospects and growth	• 30 November 2020	Exploration Update Illaara Gold-VMS-Iron Ore Project
strategy to recipients. This presentation and its contents are provided to recipients on the basis that It may not be reproduced or	• 27 April 2021	Illaara Update and Regional Target Generation
disclosed in whole or in part to any other person, without the written consent of Dreadnought.		• 31 May 2021	Drilling Results - Illaara Au-Cu-Iron Ore Project
This	presentation is provided on the basis that neither Dreadnought nor its respective officers, shareholders, related bodies
• 7 July 2021	High-Grade Tantalum Results from Peggy Sue - Illaara Project
c rp	rate, partners, affiliates, employees, representatives and advisers, make any representation or warrant (express of implied) as	• 15 February 2022	Eight Conductors to be Drilled at Nelson and Trafalgar Cu-Pb-Zn-Ag Prospects - Illaara Project
to the accuracy, reliability, relevance or completeness of the material contained in this presentation and nothing contained in the	• 9 May 2022	Drilling Complete at Illaara Project
presentation is, or may be relied upon, as a promise, representation or warrant, whether as to the past or the future. Dreadnought
hereby excludes all warranties that can be excluded by law.		Kimberley Ni-Cu-Au Project
use		• 23 December 2019	Grants Cu-Au Assays and Coincident Magnetic/Gravity Targets
All p	rsons should consider seeking appropriate professional advice in reviewing the presentation and all other information with
r sp	ct to Dreadnought and evaluating the business, financial performance and operation of Dreadnought. Neither the provision of	• 25 August 2021	RC Results from Orion, Grant's Find & Fuso Indicate Large Cu-u-Ag-Co System
the pre entation nor any information contained in the presentation or subsequently communicated to any person in connection with	• 27 August 2021	Bonanza Grade Cu-Ag-Sb-Bi Mineralisation at rough Triangle
the pre entation is, or should be taken as, constituting the giving of investment advice to any person.		• 15 November 2021	High-GradeCu-Ag-Au-Co Discovery at Orion
Competent Person's Statement		• 8 December 2021	Further High-GradeCu-Ag-Au-Co-Zn Orion Discovery
The information in this announcement that relates to geology and exploration results and planning was compiled by Mr. Dean Tuck,	• 29 April 2022	EIS Drilling Grants for Mangaroon REE and Orion Cu-Ag-Au-Co
who is a Member of the AIG, Managing Director, and shareholder of the Company. Mr. Tuck has sufficient experience which is	• 22 June 2022	Orion Auger Program - Taraji-Yampi Project
relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a	Mangaroon Ni-Cu-PGE, REE & Au Project
ersonalR f r to Dreadnought announcements for JORC Table 1 and Table 2 for results and information contained in this presentation.	• 07 April 2021	Option/JV Agreement Signed with Global Base Metal Miner
Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources
nd Ore Reserves'. Mr. Tuck consents to the inclusion in the report of the matters based on the information in the form and context	• 19 July 2021	High Grade REE Ironstones Outcropping at Mangaroon
in which it appears.		• 1 September 2021	Encouraging Results for Rare Earths at Yin
The Company confirms that it is not aware of any new information or data that materially affects the information in the original	• 9 September 2021	Four New REE Ironstones Discovered at Mangaroon
reports, a d that the forma and context in which the Competent Person's findings are presented have not been materially modified	• 29 November 2021	Five Carbonatite Intrusions Identified at Mangaroon Project
from the original reports. (referencing historic and new company announcements).		• 14 February 2022	Conductors Defined along the Money Intrusion - Mangaroon FQM JV
Currency		• 29 April 2022	EIS Drilling Grants for Mangaroon REE and Orion Cu-Ag-Au-Co
All amounts shown are in Australian dollars unless otherwise stated.		• 10 June 2022	Drilling Successfully Completed at Mangaroon Ni-Cu-PGE JV
	• 16 June 2022	First Drilling at Yin Intersects High-Grade Rare Earths
			• 25 July 2022	Rare Earth Ironstones Confirmed Over 3km of Strike at Yin
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Company Snapshot

	Capital Structure			Mangaroon REE & Au (100%)
	ASX Code		DRE		 ~4,900km2 in the Gascoyne, WA
			 25km from Yangibana REE Ironstones Project (Hastings - $450m)
	only		$0.065
	Share Price (28/07/2022)		 High-grade, high NdPr, large scale ironstones similar to Yangibana
	Shares on Issue		2,838.7M
			 Six carbonatites to be tested for Mt Weld style (Lynas - $7,500m)
	Market Cap (diluted)	$184.5M		Mangaroon Ni-Cu-PGE (FQM earning up to 70%)
	Cash (30/06/2021)	~$2.5M
		 ~1,100km2 in the Gascoyne, WA
	Unlisted Options (various strike prices)	77.5M
		 FQM to spend $15M for 51% and 70% upon decision to mine
	use		~32%		 High tenor Ni-Cu-PGE confirmed
	Top 20 Shareholders
	Board / Management Cash Investment	~$1,300,000		Tarraji-YampiCu-Ag-Au-Co-Ni-PGE (100%, E04/2315 80%)
	Board / Management Shareholding	~17%		 ~2,400km2 in the West Kimberley, WA
	Board & Management			 Outcropping mineralisation, unexplored since 1978
	Paul Chapman		Non-Executive Chairman	 Orion Cu-Ag-Au-Co massive sulphide discovery
	ersonal		Managing Director
	Dean Tuck		Central Yilgarn Gold-BaseMetal-LCT-Iron Ore (100%)
	I n Gordon		Non-Executive Director
		 ~1,600km2 covering ~150km strike over four greenstone belts
	Paul Payne		Non-Executive Director
		 Technical & commercial review underway
	Jessamyn Lyons	Company Secretary
	Matt Crowe		Exploration Manager
	Frank Murphy		Operations Manager
	Nick Chapman / Luke Blais / Sam Busetti	Senior Geologists
			ASX:DRE			WWW.DREADNOUGHTRESOURCES.COM.AU	3

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Mangaroon REE & Au (100%)

Mangaroon Ni-Cu-PGE (FQM Earn-In)

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Mangaroon

Background

• ~4,900km2 first mover land package in the Proterozoic aged Gascoyne mobile belt

REE: Ironstones & Carbonatites (100%)

• 25km to Hastings Yangibana REE Project, 27.4Mt @ 0.97%

TREO (0.46% NdPr)

• Ironstones: high-grade, high NdPr, large scale, similar to Hastings ($400m)

• Carbonatites: possible Mt Weld style (Lynas $7,500m)

• 2022: initial JORC Resource, ongoing ironstone drilling, six carbonatites tested

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

• FQM earning 51% by spending $15M and a further 19% by sole funding to a Decision to Mine

• First 9 out of 12 drill holes intersected Ni-Cu sulphides, assays pending

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