DTM Investor Presentation - September 2023
Released
Released
Announcement PDF
Exploring and Developing Mineral Prospectivity in Eastern Australia
Investor Presentation
September 2023
Mr. James Chirnside – Chairman & Managing Director
ASX:DTM
FORWARD LOOKING STATEMENTS CAUTION
Certain statements contained in this document constitute forward looking statements. Such forward-looking
statements are based on a number of estimates and assumptions made by the Company and its consultants in light
of experience, current conditions and expectations of future developments which the Company believes are
appropriate in the current circumstances. These estimates and assumptions while considered reasonable by the
Company are subject to known and unknown risks, uncertainties and other factors which may cause the actual
results, achievements and performance of the Company to be materially different from the future results and
achievements expressed or implied by such forward-looking statements.
Investors are cautioned that forward looking information is no guarantee of future performance and accordingly,
investors are cautioned not to place undue reliance on these forward-looking statements.
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ASX:DTM
CORPORATE PROFILE
Board & Management
ASX Code
DTM
Shares on issue
~172m
Options & Performance
~28m
Market Capitalisation @ $0.06
~A$5m
• Mr. James Chirnside
• Chairman, Managing Director
Management
• Ms. Julie Edwards
Co. Secretary, Accounting
• Mr. Owen Greenberger
Manager Exploration, Geologist
• Mr. Dean Turnbull
• Non-Executive Director,
• Mr. Tommy Ashley
Manager Operations
• Founder, Geologist
• Mr. Brad Milne
Manager Drilling
• Mr. Richard Udovenya
• Non-Executive Director, Lawyer
• Ms. Aimee Coates
Manager Business
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ASX:DTM
EXPLORATION FOOTPRINT – Dart’s advantage
• Significant Landholding in Eastern Australia with
~6,500 km2 tenement area
• Footprint includes:
• 80+ Geological targets across 6 regions
• 9 Historic Goldfields
• >1,000 LCT Pegmatite dykes
• 8 Au-Cu, Mo-Cu Porphyry targets
• Geographic focus on NE Victoria, Eastern Victoria
and NSW (Lachlan Fold Belt)
• Diverse geological setting
• Orogenic Au
• Porphyry (Bulk tonnage) Cu-Au, Mo-Cu-Ag
• Li-Cs-Ta Pegmatites
• Commodity exposures to Precious, Base and Critical
minerals
• Established team with extensive experience in
Lachlan Fold Belt Geology
*Northern NSW Tenements Not Shown
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ASX:DTM
REGIONAL GEOLOGICAL SETTING – the right rocks
• Geology is the fundamental precursor for
any mineral exploration
• The geological setting of Northeast Victoria and
Southern NSW is diverse, dynamic, and
under-explored
• The Lachlan Fold Belt and associated
Macquarie Arc rocks host a significant
proportion of mineralisation in Eastern
Australia
• Dart Mining has a strong foothold in the central
Lachlan Fold Belt, with several mineral
systems identified
• The region is prospective for Porphyry,
Orogenic Gold, Li-Cs-Ta / Tn Pegmatites all
within kilometres of each other
ASX:DTM
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WORK SCHEDULE 2023-24
Flagship Projects
Other Projects
Dorchap Range (Li)
• Continuation of Surface sampling program
• 3000m SQM Funded DD program
• Technical review and additional drill targeting
Buckland Valley (Au)
• Field Mapping and sampling across priority targets
• Diamond Drilling north of Fairley’s ridge
• Diamond Drilling of Mt View Resource
Granite Flat (Cu-Au)
• Geophysics interpretation & review
Walwa (Li)
• Field mapping and sampling
Mt Unicorn (Mo, Cu, Ag)
• Metallurgical review of Historic Bulk Sample
Northern Porphyries (Cu, Au, Mo)
• Field Mapping and sampling of Gold targets
Rushworth (Au)
• Field Mapping and Identification of drill targets
• Diamond Drilling Following successful RC program
in 2022
• Diamond Drilling of additional drill targets
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ASX:DTM
STRATEGY FOR GROWTH – Project generation underway
Business Development
• Dart continues to actively seek Farm-in Joint venture partnerships on many of it’s Au, Ag, Cu, W, Sn projects
• SQM’s Farm-in Joint venture terms have established a benchmark against which other deals can be negotiated
• As mining majors become more focussed on building out their exploration, and future production pipelines Dart is well
positioned to offer compelling prospectivity
Business Operating Model
• Dart has invested in equipment and personnel that allows for self-reliance, efficiency, and low-cost exploration programs
• Farm-in Joint Venture arrangements like Dart’s recent deal with SQM have redefined the company
• Dart has become less reliant on shareholder funding
• Dart is more accurately defined as a “project and value generator” and “exploration contractor”
This reshaping of the business allows the company to sink more dollars into drilling and other exploration activities
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BOONS PEGMATITE DYKE - DORCHAP Li PROJECT
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DORCHAP LITHIUM PROJECT - Summary
Location
• Situated in the Dorchap Range, between Eskdale & Glen
Wills
• Historic tin mining district
Style
• Pegmatite hosted Lithium-Caesium-Tantalum
(LCT) mineralisation
• Spodumene & Petalite mineralisation, with localised
lepidolite & amblygonite
Scale
• 20x12km zone of highly-fractionated pegmatites identified
from surface sampling
• >1,000 LCT pegmatite dykes across the dyke swarm
• Multiple Li mineralised pegmatite dykes identified, with Li
hosted primarily by spodumene
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ASX:DTM
DORCHAP LITHIUM PROJECT - Summary
Results
Drilling
• MIDDH002
• 16.75m @ 0.21% Li2O (Eagle Dyke)
•
inc. 0.81m @ 1.2% LiO2
• MIDDH005
• 3.01m @ 0.26% Li2O (Fergussons Dyke)
• inc. 0.62m @ 1.63% LiO2
Rock Chips
• 10m @ 1.38% Li2O (rockchip sampling)
• 10m @ 1.22% Li2O (rockchip sampling)
• 10m @ 0.95% Li2O & 20m @ 0.33% Li2O (Eagle Dyke)
• 16m @ 0.32% Li2O, (Bluejacket Dyke)
Photos from MIDDH005
Additional results expected to be released to the Market
in coming days.
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ASX:DTM
GRANITE FLAT Cu-Au PROJECT- Summary
Location
• Situated adjacent to the Omeo Highway, between
Mitta Mitta & Glen Wills
Style
• Two mineralisation styles identified:
• Intrusion-related Cu-Au – long intervals of low-grade
Cu-Au
• Hydrothermal overprint – Narrow silica-sulphide veins
of high-grade Au-Cu-Ag ± Pb, Zn
Scale
• 1.8x 2.4km soil Cu-Au footprint, additional anomalies
open in all directions
• Significant remanent magnetism anomalies identified
north of project footprint
• IP chargeability and resistivity anomalies identified
across 1.5 × 2.0km footprint
• Significant intervals of Cu-Au mineralisation intersected
up to 180m below surface
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ASX:DTM
GRANITE FLAT Cu-Au PROJECT- Summary
Results Highlights
Gold
• 19m @ 9.39 g/t Au, including 3m @ 41.1 g/t from 28m
• 4m @3.23 g/t Au, including 1m @ 7.84 g/t from 15m
Copper
• 19m @ 0.61% Cu, including 3m @ 1.52%
• 28m @ 0.35% Cu, including 9m @ 0.73% from 7m
• 40m @ 0.11% Cu including 19m @ 0.18% Cu from 35m
• 138m @ 0.09% Cu from surface (entire hole)
• 111m @ 0.07% Cu from surface
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ASX:DTM
UNICORN Mo-Cu-Ag Porphyry - Summary
Location
•
Situated approximaty 20km to the South of Corryong, and
approximately 30km west of Mt Kosciusko on the Victorian-NSW
Border
Style
•
Large rhyolite intrusive with similar geology to the giant Climax &
Henderson Molybdenum mines in the USA
•
But also contains significant Copper and Silver
Scale
•
Total Resource: 203Mt JORC (2004 2 ) Measured + Indicated
+ Inferred Resource at 0.06% MoEq 1
Mineralisation Open with Depth and Laterally below 1200m
•
Significant recent Mo price increase
•
Expand initial oxide molybdenum metallurgical studies
Note 1: Molybdenum Equivalent Assumptions: Based on relative value (with reference to the average price) of
each metal in the 2 months June 22nd to August 23rd 2012 listed on the LME for Molybdenum and Copper and
average price for the same period for Silver as follows:
•
Mo US$25,871 per tonne
•
Cu US$7515.7 per tonne
•
Ag US$27.6 per ounce
The Molybdenum Equivalent grade should not be interpreted as actual molybdenum grade as the conversion
ratios vary with the volatile prices of Mo, Cu and Ag. However, it is the Company's opinion that elements
considered here have a reasonable prospect to be recovered.
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1 MoEq (ppm) = Mo (ppm) + (Cu (ppm) / 3.44) + (Ag (ppm) x 34.3)
(Dart Mining ASX September 2012)
2 A Resource Update using a new geological model that defines the extent
of Oxide, Transition and Sulphide zones is required due to identified
variation in the metallurgical recovery for Oxide Mo & Cu zones. Resource
update planned during the PFS phase.
ASX:DTM
RUSHWORTH GOLDFIELD – Central Victoria - Summary
Location
•
Dart Mining tenements cover the entire Rushworth
Goldfield, located in Central Victoria, 45km northeast of
the Fosterville Gold Mine
Style
•
Rushworth mineralisation is of an orogenic epizonal
quartz-vein style that is interpreted to be genetically
similar to the nearby Fosterville high-grade gold system
Scale
•
Recent LiDAR processing has identified >4,600
(shallow) historic workings along some 14km of strike
•
Vastly under-explored
Location of historic workings identified in LiDAR imagery, with key historic prospects and Dart Mining
tenements identified. Even at this broad scale, structural trends and the orientation of multiple reef systems is
apparent – Dart Mining ASX April 2023
Structural model of Fosterville (A) and the Phoenix Hill – Chinaman’s Gully area, Rushworth (B), displaying
structural and mineralisation characteristics typical of Central Victorian orogenic gold mineralisation. In
particular, mineralisation along limb-thrust faults, is notable of most significant Central Victorian goldfields
(Castlemaine, Bendigo, Ballarat, Fosterville, Rushworth). Fosterville model (A) modified from Volleger et al.
(2020). Phoenix Hill cross-section compiled from geological mapping completed by Jones & Turnbull (2014)
and Boucher (2016). Figure modified from Dart Mining ASX November 2020.
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ASX:DTM
BUCKLAND GOLDFIELD – North East Victoria - Summary
• Location
• Part of 6.9Moz1 Rutherglen-Beechworth-Harrietville gold district
• Primary + Alluvial production
• Buckland shows extensive shallow primary workings (>100) but
low primary production
• Scale
• 17.5km strike identified to date from ~7,500 surface samples
• Multiple parallel structures identified
• Thick mineralisation intersected >180m below surface
• Mineralisation extends to over 10m width at surface and down
hole
• Style
• Shear hosted, orogenic gold system
• Strong association of gold with arsenic
• Multiple mineralization styles evident
• Vein-hosted high-grade gold
• Broad zones of disseminated sulphide hosted low and midgrade gold in altered wall rock
• Recent RAB Drilling Highlights2 Fairleys Prospect
•
•
•
•
13m @ 4.82 g/t Au from 12m incl 2m @ 11.6 g/t Au from 20m
11m @ 2.64 g/t Au from 28m incl 3m @ 7.49 g/t Au from 29 m
10m @ 2.27 g/t Au from 4m incl 2m @ 5.52 g/t Au from 7m
2m @ 4.70 g/t Au from 17m and 3m @ 2.62 g/t Au from 26m
Note 1. Historic production figures from: PHILLIPS G.N., 2010. Victorian Gold Province, Australia: A Contemporary Exploration
Guide. GeoScience Victoria Special Publication
Note 2. Dart Mining ASX October 2020
Buckland goldfield with graduated regional soil arsenic (As) level (ppm) with significant anomalies highlighted (magenta). Historic
mine location data (red dots) from F. Sargent Historical Mining Activity layer (GeoVic:
https://earthresources.vic.gov.au/geologyexploration/maps-reports-data/geovic) for reference. Modified from Dart Mining ASX
September 2019
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ASX:DTM
CONSTRUCTIVE TAILWINDS ON CRITICAL, PRECIOUS, & BASE METALS
• Critical minerals are well positioned with supportive fundamentals including accelerating demand driven
by global decarbonisation and electrification
• Au, Ag have rallied strongly in 2023 against a backdrop of Geopolitical, Inflationary, and Economic
uncertainty
• The Base metals complex is experiencing exponential demand and at the same time supply constraints
Factors including the Ukraine war, metals supply constraints, and transition to metals
intensive, low carbon output, are very supportive for metal prices in the medium and longterm
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ASX:DTM
PROJECT PIPELINE – Multiple Success Opportunities
*Not all prospects shown
CHANGING SOON
(activities in progress)
Ladybird
Small Potential
Value
Kaufmanns
Scrubby Creek
New Years Gift
Specimen Hill
Fairleys
New Chum
Gosport
Mongolian
Big Gun
Perseverance
Growlers Hill
Good Luck Reef
Crown Cross
Buckwong
Lucy
Vale
Queens
Jubilee
Bunroy
Blue Jacket
McHargs
Granite
Flat
Mt
Unicorn
Boones
Fergurssons
Hollow Way
Frenchmans
Koetong
Burrowye
Mt Alfred Creek
STAGNANT
(longer term projects,
strategically delayed or
seasonal exploration)
Gentle
Annie
Morgans
Nealsons Creek
Mt Alwa
Copper
Quary
Reward
Deamons Creek
Keady
Large Potential
Value
Mt View
Staceys
Exelisor
Medium Potential
Value
Phoenix Reef
Mt Onslow
Bobuck
Moderate Potential
Value
Rootsey Spur
Resource Development
Eagle
Project Evaluation
Gold Prospects
Saltpetre Gap
Dart Goldfield
Early-Stage Target
Exploration Concept
Rushworth
Lithium Prospects
Buckland
Porphyry Prospects
Granite Flat
Dorchap
Indicates Activity
North Eastern Porphyry
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Walwa
ASX:DTM
OPERATIONAL IMAGES – Always action at Dart
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ASX:DTM
DISCLAIMER
The information contained in this presentation is for informational purposes only and does not constitute an
offer to issue, or arrange to issue, securities or other financial products. The information contained in this
presentation in not investment or financial product advice and is not intended to be used as the basis for
making investment decisions. The presentation has been prepared without taking into account the
investment objectives, financial situation or particular needs of any particular person. Before making an
investment decision, you should consider, with or without the assistance of a financial advisor, whether an
investment is appropriate in light of your particular investment needs, objectives and financial
circumstances.
No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or
correctness of the information, opinions and conclusions contained in this presentation. To the maximum
extent permitted by law, none of Dart Mining NL, their directors, employees or agents, nor any other person
accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss
arising from the use of the information contained in this presentation. In particular, no representation or
warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of
achievement or reasonableness or any forecasts, prospects or returns contained in this presentation nor is
any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature
subject to significant uncertainties and contingencies.
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ASX:DTM
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