Dreadnought Resources' Successful Application for JMEI Scheme

Dreadnought Resources Limited (ASX: $DRE) has successfully secured $1,488,500 in Junior Minerals Exploration Incentive (JMEI) credits for the 2024/25 financial year. The JMEI scheme, supported by the Australian Federal Government, aims to encourage investment in greenfields mineral exploration in Australia by allowing exploration companies to allocate a portion of their tax losses to eligible investors.

Executive Commentary on JMEI Scheme Participation

Dreadnought is pleased to announce the successful allocation of $1,488,500 in JMEI credits for potential distribution to eligible shareholders. We appreciate the support of the Commonwealth of Australia in making the JMEI available and acknowledge the Association of Mining and Exploration Companies for championing this initiative.

Summary of JMEI Scheme Participation and Exploration Projects

Dreadnought Resources' participation in the JMEI scheme reflects its commitment to advancing mineral exploration initiatives. The allocation of $1,488,500 in JMEI credits for potential distribution to eligible shareholders demonstrates the company's dedication to leveraging government incentives to support its exploration activities. With projects such as the Kimberley Ni-Cu-Au Project, Mangaroon Ni-Cu-Co-3PGE, Au & REE Project, Bresnahan HREE-Au-U Project, and Central Yilgarn Gold, Base Metals, Critical Minerals & Iron Ore Project, Dreadnought continues to focus on unlocking the potential of these mineral assets, contributing to the growth and development of the resources sector.