Drilling Commenced at Grants Cu-Au Target

Dreadnought Resources Limited (“Dreadnought” or “the Company”) is pleased to announce that diamond drilling has commenced at the Grants Cu-Au Target in the West Kimberley. Personnel have arrived on site and commenced setting up for the EIS co-funded drilling program. The involves 4-6 holes at the Grants Cu-Au target for up to ~700m. Dreadnought anticipates that the program will take 4-6 weeks and should finish before the onset of the wet season.

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Massive Sulphides Confirmed in Lower EM Plate at Chianti VMS Target

Dreadnought Resources Limited (“Dreadnought” or “the Company”) is pleased to announce that the second drill hole (CHDD002) at the Chianti VMS Target has confirmed VMS mineralisation in the lower EM plate (EM Plate 2). As with EM Plate 1, this hole has successfully confirmed the style of mineralisation and that the geophysical methods deployed are effective at identifying VMS mineralisation.

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Massive Sulphides Confirmed in Upper EM Plate at Chianti VMS Target

Dreadnought Resources Limited (“Dreadnought” or “the Company”) is pleased to announce that the first drill hole (CHDD001) at the Chianti VMS Target has confirmed VMS mineralisation in the upper EM plate (EM Plate 1). Drilling intersected sulphides over an interval of 12.7m including a thick stringer zone of sulphide mineralisation followed by massive to semi-massive sulphides. This hole has successfully confirmed the style of mineralisation and that the geophysical methods deployed are effective at identifying VMS mineralisation. Drilling has now moved on to the larger and stronger EM Plate 2 sitting beneath EM Plate 1.

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Drilling at Chianti VMS Target Commenced

Dreadnought Resources Limited (“Dreadnought” or “the Company”) is pleased to announce that drilling has commenced at the Tarraji-Yampi Project in the West Kimberley. Personnel have arrived on site and commenced setting up for the EIS co-funded diamond drilling program. Diamond drilling will start with 2 holes at the high priority Chianti VMS target for ~300m before mobilising to drill 4-6 holes at the Grants Cu-Au target for ~700m. Dreadnought anticipates that the program will take 4-6 weeks and should finish before the onset of the wet season.

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Illaara Gold Project Update

Dreadnought Resources Limited (“Dreadnought” or “the Company”) is pleased to provide an update on its 100% owned Illaara Gold Project (“Illaara”) just west of Menzies in Western Australia. Dreadnought recently acquired Illaara from Newmont Goldcorp (“Newmont”). Menzies is one of Western Australia’s major historic gold fields hosting many high-grade gold deposits. Illaara comprises four tenements (~726 sq kms) covering over ~75 strike kilometres of the Illaara Greenstone Belt.

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Tarraji-Yampi Drilling to Commence in September 2019

Dreadnought Resources Limited (“Dreadnought” or “the Company”) is pleased to announce that Program of Works (“POW”) approvals have been received for drilling at the Tarraji-Yampi Project in the West Kimberley. With the POW approval now completed, all the required approvals are in place to mobilise and commence EIS co-funded diamond drilling at the high priority Chianti VMS and Grants Cu-Au targets. Dreadnought anticipates that the drilling program will commence in September 2019. The program is expected to comprise 2-3 holes at Chianti for 300m and 4-6 holes at Grants for 700m.

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Drilling Update and Strategic Kimberley Consolidation

Dreadnought is pleased to provide an update on activities in the Kimberley Region of Western Australia. These include significant advancements on drilling approvals for the flagship Tarraji-Yampi Ni-Cu-Au Project (“Tarraji” or “the Project”), acquisition of the Wombarella Project and the consolidation of ~1,260 sq kms of ground covering the Marboo Formation and mafic-ultramafic intrusions which are highly prospective for IOCG, VMS and magmatic nickel sulphide mineralisation in the South Kimberley.

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