Dreadnought Resources (DRE) Noosa Mining Investor Conference summary

Industry context and strategy

• Junior resource companies aim to build billion-dollar enterprises through discoveries, mine development, and M&A, often facing volatile share prices and operational challenges.

• Perseverance through downturns is highlighted, with examples of major ASX-listed explorers rebounding after significant setbacks by continuing exploration.

• Board and management have significant sector experience, personal investment, and have allocated over 85% of funds raised to exploration activities.

• Major shareholders include board members and strategic partners, supporting stability and growth.

Financial position and partnerships

• Fully funded with ~$10 million in cash as of June 2025, supported by major investors and funds.

• Black Cat Syndicate, Hong Kong Ausino, and Farjoy are significant shareholders, with Black Cat investing $2 million and securing development rights.

• Market cap of ~$55.2M and share price of $0.011 as of July 2025.

• Self-funding strategy in place for near-term development and exploration.

Project development and exploration

• Star of Mangaroon has a maiden resource of 23,300 oz at 12.8 g/t Au, with 84% in the Indicated category, and is advancing toward production with mining targeted for December 2025.

• Scoping study projects ~$50 million in free cash flow over 10–12 months, with a low AISC of A$1,800/oz.

• Resource remains open along strike and at depth, with ongoing infill and expansion drilling to increase resource size and improve project economics.

• Multiple underexplored gold targets identified at Mangaroon and Illaara, with drilling underway at Steve’s Reward and new programs planned for Midnight Star, Midday Moon, and Cullens.

• Exploration work plans extend through 2026, aiming to build a pipeline of quality targets and deliver major discoveries.