Dreadnought Resources Ltd, formerly Tychean Resources Limited, is engaged in the natural resources exploration and development. The Company's segments include Spargoville, Suplejack and Valley Floor Resources. Its projects include Spargoville Project, Valley Floor Project and Tanami Project. Its Spargoville project is located in Eastern Goldfields in Western Australia. It has exploration tenement package of approximately 30 granted mining leases, over two granted exploration licenses, approximately five prospecting licenses and over two miscellaneous licenses. The total exploration area is approximately 11,440 hectares. The Valley Floor Project is located in the Eastern Goldfields directly south of Kambalda, Western Australia and covers an exploration area of approximately 40 square kilometers. It consists of the granted exploration licenses, including E15/1399, E15/1434, E15/1249 and E15/1249.