2023 DRILLING CAMPAIGN COMMENCED AT MANGAROON

Dreadnought Resources Limited announced today that RC drilling has commenced at the 100% owned Mangaroon project, located in the Gascoyne Region of Western Australia. RC drilling is currently underway at Yin, which will build upon the current Resource as well as testing the Exploration Target along strike.

A second RC rig and a diamond rig will commence in March 2023 and will focus on the first pass, wide-spaced drilling of the C1-C7 carbonatites. The diamond rig will provide ongoing support for Resource upgrades, metallurgical testwork and geotechnical studies.

These systematic drill programs have the potential to rapidly add significant Resources.

Dreadnought’s Managing Director, Dean Tuck, said “After an extremely successful 2022 drilling program, we are excited to be back on site for what will be a busy year for Dreadnought as we seek to make additional discoveries and to rapidly grow Resources. After a short break, the team is ready to deliver on both the ironstones and carbonatites as we build the wider Gifford Creek Ferrocarbonatite Complex into a world-class rare earth and critical metals region. We will have ongoing newsflow on our progress throughout 2023.”