Dreadnought Resources Limited announced that Philip Crutchfield KC has been appointed as a non-executive director of Dreadnought effective 13 September 2022. Philip is a barrister specialising in commercial law. Philip is also a director of Black Cat Syndicate Limited, Hamelin Gold Limited, Encounter Resources Limited and Applyflow Limited.

Philip will receive a fee of $60,000 per annum (exclusive of superannuation). Philip is also a long standing and third large shareholder in Dreadnought and is excited about the opportunities ahead. Other non-executive director remuneration will be adjusted accordingly in line with regional peers.

In addition, after 5 years on the Board, Paul Payne has decided to step down as a non-executive director of Dreadnought effective 13 September 2022. Paul will continue to provide a number of consulting services to Dreadnought including an initial JORC Resource on the Metzke's Find gold deposit at the Central Yilgarn Project in the December 2022 quarter. Following Philip's appointment and Paul's resignation, directors will control 14.8% of Dreadnought and will have invested a total of $3.34 million.

The Board remains strongly aligned with all shareholders.