Dreadnought Resources Ltd (ASX:DRE)

Paul Chapman
Non-Exec Chair
Market Cap (AUD): 11.73M
Sector: Materials
Last Trade (AUD): 0.007 +-0 (+-12.5%)
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1. About

Dreadnought Resources (ASX:DRE) is focused on greenfield exploration and the discovery for Tier 1 and Tier 2 Nickel, Copper and Gold deposits within Western Australia. Its flagship Tarraji Project in the West Kimberley has been unexplored since 1978.

The Tarraji Project has known copper mineralisation which was mined in the 1910s and last explored by WMC in the 1950s. Recently, the presence of gold within the copper system was confirmed.

During the 1970s VMS rush in Western Australia, the Chianti prospect was identified as an outcropping gossan and then confirmed through drilling as hosting Cu-Pb-Zn-Ag massive sulphides as a shallow depth.

Most recently, high grade magmatic Ni-Cu-PGE massive sulphides have been discovered within the Ruins Dolerite by Buxton Resources. The potential of this region has been underscored by the regional JV with Independence Group (IGO). Significantly, the Tarraji Project has the largest holding of Ruins Dolerite outside of the Buxton-IGO JV.

The Tarraji Project is located approximately 90km north east of Derby in the West Kimberley, immediately along strike to the Buxton/IGO Merlin Double Magic discovery and in the same region as Panoramic Resource’s high-grade Savannah nickel-copper sulphide mine and Pantoro’s high grade Nicolson’s gold mine.

In a time when exploration is advancing further undercover to make the next round of discoveries, Dreadnought Resources has secured ~800 square kilometres of tenure over outcropping mineralisation which has remained untouched since the 1970s and largely unexplored since the 1950s.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk