Noosa Mining Unearthed Conference Presentation

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HIGHLY ACTIVE WEST AUSTRALIAN MINERAL EXPLORER

FOCUSED ON DISCOVERY

NOOSA MINING UNEARTHED CONFERENCE - NOVEMBER 2021

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	• 24 June 2019	75 km Long Illaara Greenstone Belt Acquired from Newmont
Resources Limited ("Dreadnought") believes that the expectation reflected in these forward-looking statements are reasonable, such	• 6 December 2019	Consolidation of 75km Long Illaara Greenstone Belt
statement involved risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-	• 19 March 2020	RC Drilling Hits High Grades at Metzke's Find
looking statements.			• 13 July 2020	RC Drilling Hits High Grade Gold at Metzke's Find
This presentation has been prepared by Dreadnought for the purpose of providing an overview of its current prospects and growth
• 17 July 2020	Remaining Metzke's Find Assays
strategy to recipients. This presentation and its contents are provided to recipients on the basis that It may not be reproduced or	• 22 July 2020	High-grade Iron Ore Opportunity - Illaara Greenstone Belt
disclosed in whole or in part to any other person, without the written consent of Dreadnought.		• 25 September	2020 Further High-Grade Gold from Metzke's Find
This	presentation is provided on the basis that neither Dreadnought nor its respective officers, shareholders, related bodies
• 8 October 2020	Further High-Grade Gold from Metzke's Find
c rp	rate, partners, affiliates, employees, representatives and advisers, make any representation or warrant (express of implied) as	• 30 November 2020	Exploration Update Illaara Gold-VMS-Iron Ore Project
to the accuracy, reliability, relevance or completeness of the material contained in this presentation and nothing contained in the
only			• 27 April 2021	Illaara Update and Regional Target Generation
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.		• 31 May 2021	Drilling Results - Illaara Au-Cu-Iron Ore Project
All p	rsons should consider seeking appropriate professional advice in reviewing the presentation and all other information with	Kimberley Ni-Cu-Au Project
r sp	ct to Dreadnought and evaluating the business, financial performance and operation of Dreadnought. Neither the provision of
the pre entation nor any information contained in the presentation or subsequently communicated to any person in connection with	• 6 June 2019	Ground EM Survey Lights Up Strong Conductor at the Texas Ni-Cu-PGE Target
the pre entation is, or should be taken as, constituting the giving of investment advice to any person.		• 2 December 2019	Assays and EM Surveys Confirm Massive Sulphide System at Chianti-Rufina
Competent Person's Statement		• 23 December 2019	Grants Cu-Au Assays and Coincident Magnetic/Gravity Targets
The information in this announcement that relates to geology and exploration results and planning was compiled by Mr. Dean Tuck,	• 24 August 2020	High Priority Copper Gold Targets at Fuso and Paul's Find
use			• 25 August 2021	RC Results from Orion, Grant's Find & Fuso Indicate Large Cu-u-Ag-Co System
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	• 27 August 2021	Bonanza Grade Cu-Ag-Sb-Bi Mineralisation at rough Triangle
Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources	• 11 October 2021	Massive Sulphide Intersected in Multiple Holes at Orion
nd Ore Reserves'. Mr. Tuck consents to the inclusion in the report of the matters based on the information in the form and context	• 2 November 2021	Supergene Confirmed and Massive Sulphide Extended at Orion
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	Mangaroon Ni-Cu-PGE, REE & Au Project
reports, a d that the forma and context in which the Competent Person's findings are presented have not been materially modified	• 25 November 2020	Mangaroon Ni-Cu-PGE & Au Project
from the original reports. (referencing historic and new company announcements).		• 07 April 2021	Option/JV Agreement Signed with Global Base Metal Miner
Currency			• 19 July 2021	High Grade REE Ironstones Outcropping at Mangaroon
All amounts shown are in Australian dollars unless otherwise stated.		• 1 September 2021	Encouraging Results for Rare Earths at Yin
	• 9 September 2021	Four New REE Ironstones Discovered at Mangaroon
				• 24 September 2021	Airborne Magnetic-Radiometric Survey Commenced at Mangaroon
R f	r to Dreadnought announcements for JORC Table 1 and Table 2 for results and information contained in this presentation.		2
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Company Snapshot

	Capital Structure			Kimberley Ni-Cu-Au Projects (100%, E04/2315 80%)
	ASX Code		DRE		 2,660km2 land holding in the West Kimberley, 2nd largest land owner
	only				behind IGO and ahead of Chalice
	Share Price (10/11/2021)	$0.044
						 Unexplored since 1978 with known outcropping mineralisation
	Shares on Issue		2,831.9M
			• Orion - High-gradeCu-Co-Ag-Au-Zn Massive Sulphides
	Market Cap (fully diluted)	$124.6M
		• Rough Triangle - High-gradeCu-Ag-Bi-Sb Veins
	Cash (30/09/2021)	~$7.8M
		• Texas, Fuso and Grants - Cu-Co-Au mineralisation
	Unlisted Options (various strike prices)	74.0M		Mangaroon Ni-Cu-PGE (Option with FQM), REE & Au Project
	use		32%
	Top 20 Shareholders		(100%)
	Board / Management Cash Investment	~$1,300,000
		 ~4,500km2 land holding in the Gascoyne Provence
	Board / Management Shareholding	17%		 Vastly unexplored with historical work led by local pastoralists
	Board & Management			 Outcropping rare earth ironstones, nickel-copper-PGE sulphides and gold
	Paul Chapman		Non-Executive Chairman	Illaara Gold-BaseMetals-LCT-Iron Ore Project (100%)
	Dean Tuck		Managing Director
	ersonal				 Consolidated 880km2 landholding covering 75km strike of the Illaara
	I n Gordon		Non-Executive Director
		greenstone belt.
	Paul Payne		Non-Executive Director
		 High grade gold, outcropping fertile LCT pegmatites, Iron Ore and base
	Jessamyn Lyons	Company Secretary
	metal gossans.
	Matt Crowe		Exploration Manager	 Metzke's Find maiden gold resource underway:
	Frank Murphy		Operations Manager
	Nick Chapman / Luke Blais	Senior Geologists
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September Quarter 2021 Performance

*Values rounded

Capital Purchases: 2 x light vehicles

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DELIVER SIGNIFICANT

SHAREHOLDER RETURNS

Strategy and Performance

• Increase value through advancing
	exploration targets through discovery to
	resource
•	Chalice - Julimar
only	De Grey - Hemi
•
• Sirius - Nova Bollinger
•	Sandfire - Degrussa
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EFFECTIVE AND EFFICIENT

EXPLORATION

• >80% of funds go into the ground
• Maintain a pipeline of strong targets and drill results
• Maintain a stable of large scale projects with potential for multiple commodities

STRONG COMMUNITY AND

STAKEHOLDER ENGAGEMENT

We strive to develop win-win relationships with key stakeholders - our licence to operate

• Water bores for pastoralists
• Upgrades to homestead outcamp
• Fire fighting trailer for the Dambimangari
• Site recycling to local sports clubs
• Low impact exploration
• Engagement with CSIRO and Universities

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