The Tarraji-Yampi Ni-Cu-Au Project is 90km north east of Derby in the West Kimberley region of Western Australia and sits within a highly prospective Proterozoic mobile belt with known Nickel, Copper and Gold mineralisation that has been off limits to exploration since the 1970s. In 2013, the ground became available for exploration and Dreadnought has secured first mover advantage over 800 square kilometers of untouched outcropping mineralisation within a highly prospective region.

Location

The Tarraji-Yampi Ni-Cy-Au Project is 90km north east of Derby in the West Kimberley region of Western Australia. The project is located within the Yampi Sound Training Area (“YSTA”) which is on Commonwealth ground and administered by the Department of Defence (“DoD”). The DoD maintains access into the tenement area and has a day/night airstrip at Kimbolton Homestead.

Active mineral projects in the area include the Buxton/IGO JV over the Merlin/Double Magic high grade Ni-Cu-PGE project located just 50kms along strike to the southeast. Sheffield Resources’ Thunderbird mineral sands development project which plans to utilise the Town of Derby and the Derby Port to service its operation. Also, Mt Gibson’s Koolan Island Iron Ore mine is located just offshore in the Yampi Sound.
Within the wider Kimberley region are Panoramic (Savannah Nickel Mine), Pantoro (Nicolson’s Gold Mine) and Mt Gibson (Koolan Island Iron Ore Mine).

Major Proterozoic Mobile Belts and associated significant deposits within Western Australia
Major Proterozoic Mobile Belts and associated significant deposits within Western Australia

The Opportunity

Location of Dreadnought and Buxton/IGO tenure within the Proterozoic Hooper Complex in the West Kimberley highlighting the location of the Yampi and Tarraji Project and the location of Buxton/IGO’s Double Magic Prospect
Location of Dreadnought and Buxton/IGO tenure within the Proterozoic Hooper Complex in the West Kimberley highlighting the location of the Yampi and Tarraji Project and the location of Buxton/IGO’s Double Magic Prospect

The Tarraji-Yampi project is located within the Yampi Sound Training Area (“YSTA”), an area which has purchased by the Commonwealth for Defence activities in 1978 and subsequently never used. For over 40 years the YSTA off limits to exploration. Exploration by WMC in the 1950s discovered an extensive mineralised shear system with outcropping copper lodes. It was only recently discovered that this copper system also contained gold, creating an unparalleled opportunity to discover a significant Proterozoic Cu-Au deposit outcropping at the surface.

Location of Proterozoic Cu-Au prospects and key mineralised structures within the Tarraji-Yampi Project
Location of Proterozoic Cu-Au prospects and key mineralised structures within the Tarraji-Yampi Project

In 1972, ACM discovered outcropping VMS gossans within the Yampi area and confirmed significant Cu-Zn-Pb-Ag mineralisation through shallow drilling. A recent airborne VTEM survey identified a significant EM anomaly sitting beneath this gossan and untested by the shallow 1972 drilling.

More recently, in 2013 Buxton Resources discovered the Double-Magic high grade Ni-Cu-PGE mineralisation within the Ruins Dolerite, highlighting the potential of the West Kimberley to host high grade Nickel sulphide mineralisation like Panoramic Resource’s Savannah Mine in the East Kimberley. To further underscore the potential of the Ruins Dolerite to host significant high-grade nickel sulphides, IGO recently entered into a JV with Buxton to fund substantial exploration work programs. The Tarraji-Yampi project has the most Ruins Dolerite outside of the Buxton-IGO JV with the recently acquired airborne EM survey defining multiple EM conductors within the Ruins Dolerite.

Location of Cu-Zn-Pb-Ag VMS and Ni-Cu-PGE massive sulphide prospects and key airborne EM anomalies within the Tarraji-Yampi Project
Location of Cu-Zn-Pb-Ag VMS and Ni-Cu-PGE massive sulphide prospects and key airborne EM anomalies within the Tarraji-Yampi Project

The Strategy

Dreadnought believes that the only true value driver of shareholder returns is through the discovery of economic mineral discoveries.

To achieve this, Dreadnought’s strategy is to rapidly deploy best practice exploration techniques and technologies for the effective and efficient discovery of economic mineral discoveries.

The Tarraji-Yampi Project contains extensive outcropping mineralisation and multiple recently defined and untested EM anomalies. Dreadnought plans to rapidly drill test the Tarraji-Yampi Project to discover outcropping and near surface economic Ni, Cu and Au deposits.