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DREADNOUGHT ― RESOURCES- 29 October 2021 HIGHLIGHTS 30 SEPTEMBER 2021 QUARTERLY ACTIVITIES REPORT The Board of Dreadnought Resources Ltd ( ASX : DRE ) ( " Dreadnought ” or “ the Company " ) is pleased to provide a summary of activities for the quarter ended 30 September 2021. Activities and achievements during the quarter include : Tarraji - Yampi Ni - Cu - PGE & Au : RC drilling program at Tarraji - Yampi ( 18 RC holes for 3,511m ) has been completed during the quarter . Significant results returned from Orion , Grant's Find and Fuso showing a strong Cu - Au - Ag style of mineralisation including : • Orion : • • Grant's Find : Including : • Fuso : 12m @ 1.6 % Cu , 31.7g / t Ag and 0.5g / t Au from 45m ( KMRC017 ) 10m @ 2.3 % Cu , 0.1 g / t Au and 0.03 % Co from 101m ( KMRC016 ) 4m @ 4.9 % Cu , 0.2 g / t Au and 0.07 % Co from 106m 1m @ 2.1 % Cu , 3.9 g / t Ag , 0.1 g / t Au and 0.2 % Co from 90m ( KMRC012 ) Bonanza grade Cu - Ag - Sb - Bi mineralisation was also returned at Rough Triangle from rock chip samples . Subsequent to the end of quarter , RC drilling has commenced at Tarraji - Yampi with a total of 30 holes for ~ 4,000m planned at the Orion , Fuso and Grant's Find prospects with massive sulphides intersected in multiple holes at Orion Cu - Au - Ag - Co . Drilling updates and assay results are expected throughout October and November 2021 . Dreadnought Resources Limited Suite 6 , 16 Nicholson Road , Subiaco WA 6008 PO Box 1240 , West Perth WA 6872 Mangaroon Ni - Cu - PGE , REE & Au : A 1km long outcropping gossanous horizon was identified along the Money Intrusion and additional high - grade Rare Earth Element ( REE ) outcrops were confirmed over 2.5km of strike . Four new REE ironstones discovered at Mangaroon . Airborne magnetic - radiometric survey commenced at Mangaroon . Subsequent to the end of quarter , work is progressing on multiple fronts as Dreadnought advances target definition and generation work on the 100 % owned REES and gold . In addition , Ni - Cu - PGE target definition EM surveys have commenced over the Money Intrusion . The Company continues to advance and consolidate Mangaroon with the acquisition of the Diamond's Gold Mine in addition to Cullen's Find . All work remains on schedule to deliver a maiden drill program targeting Ni - Cu - PGES , rare earths and gold in the March 2022 quarter . Illaara Au - Cu - LCT - Iron Ore : Results from Peggy Sue have identified multiple , high - grade tantalum clusters and anomalous lithium . Future work will look to further map and sample the pegmatites to determine the mineral zonation patterns and define drill targets . This work is planned to commence in the December 2021 quarter . Figure 1 : Dreadnought Geologists and the RC Drill Crew with massive sulphide mineralisation on hole KMRC022 From L to R , Nick , Liam , Jesse , Luke , Matt and Rodney . www.dreadnoughtresources.com.au info@dreadnoughtresources.com.au +61 ( 0 ) 428 824 343