RC Drilling Completed at Metzke’s Find Gold Prospect

Dreadnought Resources Limited (“Dreadnought”) is pleased to announce that its maiden RC drilling program has been completed at Metzke’s Find, part of the Illaara Gold-VMS Project. The drill program consisted of 12 RC holes for a total of 864m. Drilling was designed to target mineralised quartz sulphide veins along ~400m of strike and at depth under old workings and historic significant intercepts.

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RC Drilling Commenced at Metzke’s Find Gold Prospect

Dreadnought Resources Limited (“Dreadnought”) is pleased to announce that a ~1,200m RC drilling program has commenced at Metzke’s Find (see Figure 1), part of the Illaara Gold-VMS Project. The drill program was able to commence as planned and is expected to be completed by the end of February 2020 with results expected by the end of March 2020.

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Grants Cu-Au Assays and Coincident Magnetic/Gravity IOCG Targets

Dreadnought Resources Limited (“Dreadnought”) is pleased to announce assay results from the WA Government Exploration Incentive Scheme (“EIS”) co-funded diamond drilling at the Grants Cu-Au Target in the West Kimberley. Narrow high-grade mineralisation was intersected in line with historic drilling in the 1950s. In addition, wider lower grade zones of mineralisation were confirmed between the high-grade lodes.

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Consolidation Highlights Gold & Base Metal Potential of 75km long Illaara Greenstone Belt

Dreadnought Resources Limited (“Dreadnought” or “the Company”) is pleased to announce the consolidation of the Illaara Greenstone Belt through a number of tenement acquisitions. The 75km long Illaara Greenstone Belt is located ~160km north-west of Kalgoorlie with access mainly along sealed and shire-maintained roads. Illaara is an Archean Greenstone Belt within the Southern Cross Domain of the Youanmi Terrane, ~60km west of the Ida Fault.

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Assays and EM Surveys Confirm Massive Sulphide System at Chianti-Rufina

Dreadnought Resources Limited (“Dreadnought” or “the Company”) is pleased to announce that assay results have confirmed significant VMS mineralisation at Chianti. In addition, DHEM results indicate Chianti is comprised of stacked lodes. The lower plate is showing a much stronger EM
response and has the potential for further stacked loads below it. The DHEM survey also shows that the upper plate is located further to the south than expected.

At Rufina, FLEM surveys generated an additional six plates, all larger than Chianti. The Rufina plates are associated with gossans and/or strong magnetic anomalies. This further highlights the potential of Chianti-Rufina to host a number of VMS deposits.

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