Dreadnought Resources (DRE) Earnings Call Presentation

Company Overview - Dreadnought Resources Ltd (ASX:DRE) has a market capitalization of approximately $55.2 million [3] - The company has approximately $10 million in cash as of June 30, 2025 [3] - Top 20 shareholders hold approximately 32% of the company's shares [5] - The company's strategy includes developing the high-grade Star of Mangaroon to generate cash flow and finding more gold faster [7] Mangaroon Gold Project - The Star of Mangaroon has a maiden resource of 23,300 ounces of gold at 12.8 g/t Au, with 84% classified as Indicated [14] - A scoping study indicates a potential free cash flow of approximately A$50 million at A$4,600/oz gold [14] - Metallurgical testing shows an average total gold recovery of 96.7%, with 74.4% from gravity recovery [19] Exploration and Discovery - The company has defined five camp-scale prospects at Mangaroon through stream sediments [30] - Illaara Gold Project is one of the most underexplored greenstone belts in the Yilgarn region [38] - The Yin Ironstone Complex has a total resource of 29.98 million tonnes at 1.04% TREO at a 0.20% TREO cut-off [54, 67] - The Gifford Creek Carbonatite Complex has an inferred resource of 10.84 million tonnes at 1.00% TREO and 0.22% Nb2O5 at C3 [54] Partnerships and Commercialization - Teck is farm-in to Money Intrusion Ni-Cu-PGE project with A$15 million expenditure to earn 75% interest [47, 50]