Announcement PDF 1 30 April 2025 Activities Report for the Quarter Ended 31 March 2025 Dart Mining NL (ASX: DTM) (“Dart”, “Dart Mining” or “the Company”) is pleased to present its Quarterly Report for the three-month period ending 31th March 2025 and to provide commentary and an update to shareholders. Highlights: • • • • • • Triumph Mineral Resource Estimation updated to an Inferred 150kozn representing a 27% increase in contained ounces. Joint Venture Agreement entered into over the Coonambula Gold-Antimony project with Great Divide Mining (ASX: GDM) 631m of diamond drilling completed at the Constitution prospects at Triumph. Operational improvements have seen an accelerating increase in drilling productivity towards the end of the quarter. Fieldwork at Triumph highlighting several additional prospective areas for early state exploration work. Successful capital placement raising A$3.0m (A$2.45m of which is expected to be received during the June Quarter) Negotiations on divestment of Non-core Victorian projects continued during the quarter DTM’s Chairperson, James Chirnside, commented: “Encouragingly, Q1 2025 has been marked by increased corporate activity, as well as significant operational improvements, particularly in drill metres and penetration rates. Discussions are continuing on non-core portfolio divestments that will allows us to focus on key projects. We expect further improvements in drilling productivity with two full time drill crews allowing for, essentially, continuous drilling activity on the Triumph Gold project. The valuation gap on the Gold price versus Micro Cap Gold stocks widened further during the quarter, and we’d have to think that it will reverse at some stage soon.” Capital Rasing & Divestment During the quarter the company received firm commitments for a 2 Tranche placement of 600,000,000 new fully paid ordinary shares at A$0.005 to raise $3,000,000 for ongoing exploration activities across the company’s portfolio of assets, focused on the Triumph Project in Central Queensland. The company received $528,000 of funds during the quarter, with the majority of funds to be received on approval of the capital raise by shareholders in the EGM scheduled for the 30 April 2025. The company undertook an investor roadshow through Melbourne, Sydney, Perth and London during the quarter, on the back of the capital raising. New investor engagement was strong and positive. The company is in discussions with third parties on the divestment of Non-Core Victorian Assets. With the company focused on the Triumph project in Queensland, the divestment of assets while maintaining future upside exposure is being progressed. Dart Mining NL ABN: 84 119 904 880 Level 6, 412 Collins Street Melbourne VIC 3000 Contact: James Chirnside Email: jchirnside@dartmining.com.au Mobile: +61 447 447 613 Webpage: www.dartmining.com.au LinkedIn: Dart Mining NL Twitter: @DartMining 2 Triumph Gold Project The March quarter saw the continued exploration of the company flagship Triumph Project. Drilling continued on the project during the quarter at the Constitution Prospect aiming to increase the mineral inventory and upgrade resource classification. Drilling is targeting the eastern zone of the existing resource at Constitution with drilling extending deeper below the Construction resource to test the depth potential. Figure 1: First stages of Phase 1 Diamond drilling underway at the Constitution prospect. Operational improvements have been ongoing across the drilling activities in QLD. After a challenging commencement period drilling progress has improved throughout he quarter. Early drilling progress was hampered by weather, Staffing challenges and ground conditions resulting in significantly lower than expected drilling meters achieved during the quarter. 355m were drilled to the end of February, with a significant increase in March resulting in 631m being completed during the quarter. Drilling rates are expected to improve in Q2, with rostering and staffing changes, as well as drilling process modifications expected result in additional meters per hour drilled, and improved drill rig utilisation. During the Quarter 4 drillholes have been completed, with 2 abandoned shortly after collaring, with the 5th hole well underway. Triumph Resource Update The Company completed a JORC Mineral Resource update that took advantage of previously reported exploration drilling by Sunshine Metals Limited (ASX: SHN) (Sunshine) after their initial reporting of the maiden JORC (2012) resource in 2022. Highlights • • Triumph Mineral Resource Estimate (MRE) has been increased to 2.16Mt @ 2.17g/t Au for 150koz gold at a 1g/t Au cut-off; The increase represents an 7% uplift in grade and a 27% uplift in contained gold ounces. 3 • • • Drilling information that underpins the MRE update was collected by previous operators and effectively reduces Dart’s acquisition cost per ounce from $17.0/ounce to $13.3/ounce. Resource represents attractive open pittable targets with 43% of gold ounces within the first 50m at 2.18 g/t Au grade, and 77% of gold ounces within the first 100m at 2.10 g/t Au grade; All Resources are open along strike and at depth and are expected to grow steadily over 2025. Dart is pleased with the uplift in ounces, but more importantly the increase in grade which was primarily delivered from new intercepts at Bald Hill and the Constitution prospects. A summary breakdown of the Mineral Resources for Triumph is outlined in Table 1 below. The North and South Corridor deposits, as well as other prospects within the Triumph project is shown in Figure 2. Table 1: Summary of Triumph Mineral Resource Estimate as at 3rd March 20251. Corridor Prospect Category Tonnes (Mt) Southern Corridor Big Hans New Constitution South Constitution Super Hans Sub-total Northern Corridor Total Bald Hill Inferred Inferred Inferred Inferred Inferred Inferred Inferred 0.46 0.86 0.19 0.29 1.80 0.35 2.16 Grade (g/t) 2.30 2.08 2.40 1.78 2.12 2.39 2.17 Contained Au (troy ounces) 33,903 57,635 14,803 16,553 122,894 27,197 150,091 1 Mineral Resources are reported at a 1 g/t Au cut-off and differences in table may occur in totals due to rounding. Figure 2: Plan map showing extents of February 2025 MRE update as well as broader prospects to evaluate. 4 At an alternative cut-off of 0.5g/t Au, the estimation boasts an impressive 3.35Mt at 1.7g/t Au for a total of 178koz and would represent a 51% increase in contained gold ounces highlighted by Grade Tonnage Curve analysis (Figure 3). Triumph Feb 2025 Grade Tonnage Curve Alternative cut-off grade shows Triumph estimation at 3.35Mt @ 1.7g/t Au for 178koz gold 4.50 4.00 3.50 3.00 2.50 Tonnes (Mt) 3.00 2.50 2.00 2.00 1.50 1.50 1.00 1.00 Average Grade Au (g/t) 3.50 0.50 0.50 Tonnes (Mt) Grade - 0.25 0.5 0.75 1 1.25 1.5 1.75 2 Cut-off Grade Au (g/t) Figure 3: Grade tonnage curve for Triumph Feb 2025 MRE highlighting contained ounces at 0.5g/t Au cut-off. Dart’s observations on the steadily increasing gold price and strong outlook for gold means that Dart will consider focused preliminary economic studies for the next major Mineral Resource iteration with the intent determine a more focus, sub-deposit specific cut-off grade where appropriate. Further details on the resource update can be found in the ASX release dated 4th March 2025 (ASX: DTM Mar 2025) Drilling Highlights Drilling has confirmed significant sulphide mineralisation in the first 2 completed holes (ASX: DTM Mar 2025). Drill holes TRDD001A and TRDD002A, spaced 25m along strike, have been fully logged, photographed and sampled with samples dispatched to ALS Brisbane for analysis. Drill core logging has highlighted several zones of strong sulphide mineralisation, with routine logging of Pyrite, Arsenopyrite, Galena, Sphalerite and Chalcopyrite recorded by the site geologists. Unexpected veining outside of defined mineral resource area was also intersected at depth in both holes, these new intersections remain open in all directions (See Figure 4). 5 Figure 4: Logged sulphides in reported holes vs MRE Inferred mineralised domains. Red highlighting new mineralised zones outside of MRE interpretation. (ASX: DTM Mar 2025) Figure 5: Sulphide Vein from TRDD001A (HQ core size) showing sulphides within quartz and carbonate veining, included in sampling from 77.1 to 77.6m (ASX: DTM Mar 2025) Visual estimates of mineralisation abundance contained in this announcement should never be considered a proxy or substitute for Laboratory analysis. Visual estimates potentially provide no information regarding concentration of economic grades or factors, impurities or deleterious physical properties relevant to valuation. 6 Figure 6: Surface map showing drilling collars and sampling locations across the Triumph Project (ASX: DTM April 2025) 7 Surface Sampling Highlights Regional fieldwork has been an early focus across the Triumph Project during the difficult commencement period of drilling. Surface mapping and sampling has been undertaken across 3 main areas of focus, Bonneville, Dents and extensions of the southern mineralised corridor. Results have been received from the Southern corridor extension sampling (ASX: DTM Jan 2025) with positive results summarised in Appendix Two, Table 3. Location and results are shown below in Figure 7 Figure 7: Plan map showing completed assays of the 7 rock chip samples taken from the southern corridor extension sampling (ASX: DTM Jan 2025) Surface sampling across the Dents and Bonneville historic mining areas has been completed during March. Sampling is looking to understand mineralisation potential of historically mined veins at Dents and veins within the Bonneville region. Sampling will help to assist in identifying mineral zonation of veins and subsequent gold mineralisation potential of the prospects. Sample details are provided in Appendix Two, Table 6 below, with locations shown on Figure 6. Dart geologists have located promising sulphide rich parallel quartz veins at the historic Dent’s gold mine approximately 900m SW of the New Constitution Prospect (Figure 1). Three parallel veins 0.5-1.0m were located within close proximity with further narrow veins, some with old workings, located 150m south of the zone. The nature of the quartz and sulphides indicates that veins are distal to an intrusion related source in the tonalite and would appear be the upper most zone of possible gold mineralisation. 8 Figure 8: Sulphides in quartz from sample DRC006, abundant pyrite and arsenopyrite. Small quantities of stibnite (0.2%) was tentatively identified and is subject to confirmation by assay. Visual estimates of mineralisation abundance contained in this announcement should never be considered a proxy or substitute for Laboratory analysis. Visual estimates potentially provide no information regarding concentration of economic grades or factors, impurities or deleterious physical properties relevant to valuation. Dent’s mine has a single five ton trial crushing reported (L. Ball 1905) yielding 1oz gold and 32oz silver per ton. The three larger veins observed had evidence of significant sulphide with workings only located on the southern vein where Dent’s historic mine is believed to be. Figure 9: Dart Geologists on site at Dents historic waste rock pile. 9 Coonambula Joint Venture. During the Quarter the company entered into a binding agreement with Great Divide Mining to earn up to 51% interest in 6 tenements forming the Coonambula Antimony-Gold project locate in Central Queensland (ASX: DTM Mar 2025) The Coonambula Antimony-Gold Project is located approximately 390km by road north-northwest of Brisbane, Queensland. Coonambula is 70km southeast of the multi-million-ounce Cracow gold mine and 25km southwest of the Eidsvold goldfield (Figure 3). The Project is comprised of six granted Exploration Permits: EPM 15203, EPM 16216, EPM 25260, EPM 26743, EPM 28433 and EPM 29186 covering 282 sq.km., and application EPM 29186 covering an area of 227sq.km. Highlights from existing drilling as per the GDM Prospectus (ASX: GDM Prospectus 2023): o 3m @ 9.18% Sb in hole CNRC03 from 158m o 6m @ 5.12% Sb & 1.55g/t Au in hole CNRC04 from 77m o 3m @ 1.50% Sb & 8.53g/t Au in hole CNRC05 from 18m Figure 10: The Banshee core pictured, drill hole CNDD01 89.9m-90.2m, was part of a zone that assayed 1.25m @ 5.23% Sb and 1.39g/t Au (ASX: GDM Prospectus 2023 and ASX: GDM Sep 2024). Limited modern exploration, and no drilling since 2014, the project holds potential to define a significant intrusion related gold system within a region of Queensland hosting similar multiple multimillion ounce gold resources. Surface exploration that has been conducted includes surface trenching (Highlights 4m@ 3.09g/t Au and 1.14% Sb and 1m @ 6.15 g/t Au and 3.1% Sb.) While trenching, selective rock chips returned 3.65g/t Au with 23.9% Sb, and 9.93g/t Au with 7.56% Sb (ASX: GDM Nov 2024). Rock chips samples of 44.9% Sb, 24.1% Sb, 39.9% Sb, and 39.4% Sb (ASX: GDM Prospectus 2023) have also been collected across the region highlighting the potential for high grade antimony across the tenement holdings. Dart will undertake initial drilling to infill existing high-grade Sb-Au drill intersections at the historical Banshee Mine with the intent of working towards a JORC-compliant resource of antimony-gold at the earliest opportunity (subject to successful infill drill results). 10 Figure 11: High-grade stibnite from Banshee antimony mine waste dumps (not In-situ). Broken rock face on the left, sawn rock face on the right. No samples taken or submitted for analysis. Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations Expanding Footprint in Central Queensland The company has been actively looking for opportunities to take advantage of our operational base in Central Queensland. The Company has applied for a new Exploration Permit Minerals (EPM 29171) covering the majority of historic Raglan Goldfield, located in Central Queensland 75km NW of the company’s flagship Triumph Gold Project (ASX: DTM Feb 2025). 11 Figure 12: Raglan EPM 29171 application area showing historic mines and excluded existing MLs Figure 13: Central Queensland Tenement Holdings 12 Other Tenements The Company is undertaking a process of divestment and consolidation of our Victorian assets. The company also relinquished the small tenement holding in NSW. CASH At the end of the March 2024 Quarter the Company had $43,000 cash at the bank. Payments to related parties were approximately $54,000 in director fees and $1,000 consulting fees. The Company expects cash inflows of $2.45m during the June quarter from the second tranche of the private placement and $25,001 from the Exclusive due diligence period from Infinity Lithium (ASX: INF) as part of the Victorian non-core asset divestment. For more information, please contact: James Chirnside Managing Director Dart Mining NL jchirnside@dartmining.com.au +61 419 605 842 Owen Greenberger Head of Exploration Dart Mining NL ogreenberger@dartmining.com.au +61 448 031 319 About Dart Mining In December 2024 Dart Mining (ASX:DTM) completed the acquisition of the Triumph Gold Project, this is Dart’s first step into an advanced intrusion related gold system project in Queensland. Dart will look to develop a regional presence in Queensland through advanced stage intrusion related and epithermal gold projects. On 4 March 2025 Dart announced an updated inferred JORC (2012) compliant MRE for Triumph of 2.16Mt @ 2.17g/t Au for 150koz gold at a 1g/t Au cut-off (ASX: DTM March 2025). Dart Mining will continue to evaluate several historic goldfields in Central and Northeast Victoria including the Rushworth Goldfield and the new porphyry and lithium province in Northeast Victoria identified by Dart. 13 Competent Person’s Statement The information in this report has been prepared, compiled, and verified by Mr. Owen Greenberger (B.Sc. Geology), a Competent Person who is a Member of the Australian Institute of Geoscientists. Mr. Greenberger is Head of Exploration for Dart Mining. Mr. Greenberger has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a competent person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Greenberger takes responsibility for the exploration results, and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Competent Person’s Statement The information in this report that relates to Mineral Resources is based on information compiled and reviewed by Mr Andrew Dawes, who is a Member of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Andrew Dawes is employed by AHD Resources and consults to Dart Mining NL. Mr Andrew Dawes has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Mineral Resources. Mr Andrew Dawes consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Dart Mining confirms that it is not aware of any new information or data that materially affects the information included in this, or referenced relevant market announcements and, in the case of estimates of mineral resources or ore reserves, that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed Forward-Looking Statement Certain statements contained in this document constitute forward-looking statements. Forward-looking statements include, but are not limited to, Dart Mining’s current expectations, estimates and projections about the industry in which Dart Mining operates, and beliefs and assumptions regarding Dart Mining’s future performance. 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. When used in this document, words such as; “anticipate”, “could”, “intends”, “estimate”, “potential”, “plan”, “seeks”, “may”, “should”, and similar expressions are forward-looking statements. Although Dart Mining believes that its expectations presented in these forward-looking statements are reasonable, such statements 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 forwardlooking statements. 14 APPENDIX ONE: Tenement Status All tenement applications continue to pass through the approvals process with the tenements remaining in good standing as of the 31st March 2025 (Table 2). Table 2: Tenement Status Name Tenement Type EL5315 Mitta Mitta4&5 Exploration Licence Area (km2) Unless specified 148 EL006016 Rushworth4 Exploration Licence EL006277 Empress5 Exploration Licence EL006300 Eskdale3&5 EL006486 Mt Creek5 EL006764 Cravensville EL006861 Tenement Number Interest Location 100% NE Victoria 32 100% Central Victoria 87 100% NE Victoria Exploration Licence 96 100% NE Victoria Exploration Licence 116 100% NE Victoria Exploration Licence 170 100% NE Victoria Buckland Exploration Licence 414 100% NE Victoria EL007007 Union Exploration Licence 3 100% Central Victoria EL006994 Wangara Exploration Licence 190 100% Central Victoria EL007008 Buckland West Exploration Licence 344 100% NE Victoria EL007099 Sandy Creek5 Exploration Licence 437 100% NE Victoria EL006865 Dart Exploration Licence) 567 100% NE Victoria EL006866 Cudgewa Exploration Licence 508 100% NE Victoria EL007170 Berringama Exploration Licence 27 100% NE Victoria EL007430 Buchan EL (Application) 546 100% Gippsland EL007435 Goonerah EL (Application) 587 100% Gippsland EL008161 Colbinannin EL (Application) 458 100% Central Victoria EL008542 Star of the West EL (Application) 2 100% Central Victoria EL007425 Deddick Exploration Licence 341 100% Gippsland EL007428 Boebuck Exploration Licence 355 100% NE Victoria EL007426 Walwa Exploration Licence 499 100% NE Victoria EL007754 Tallandoon5 Exploration Licence 88 100% NE Victoria RL006616 Unicorn1&2 Retention License 23,243 Ha 100% NE Victoria All tenements remain in good standing as of 31 March 2025. NOTE 1: Unicorn Project area subject to a 2% NSR Royalty Agreement with Osisko Gold Royalties Ltd dated 29 April 2013. NOTE 2: Areas subject to a 1.5% Founders NSR Royalty Agreement. NOTE 3: Areas are subject to a 1.0% NSR Royalty Agreement with Minvest Corporation Pty Ltd (See DTM ASX Release 1 June 2016). NOTE 4: Areas are subject to a 0.75% Net Smelter Royalty on Gold production, payable to Bruce William McLennan. NOTE 5: Tenements subject to conditions noted in the SQM earn-in agreement (Dart Mining ASX December 2022 SQM Earn-In) 15 Figure 14: Victorian Tenement location Plan 16 APPENDIX TWO Table 3: Hole collar details. Drill Hole Name TRDD001 TRDD001A TRDD002 TRDD002A TRDD003 TRDD004 TRDD005 Easting GDA 94 Northing GDA 94 (MGA Zone 56 (MGA Zone 56) RL 334302.3 7308948.5 334293.9 7308955.0 334276.8 7308974.4 334274.8 7308972.6 334435.5 7308650.3 334691.8 7308649.4 334376.3 7308716.9 TRDD006 334383.8 Depth (m) Azimuth Dip 32.2 210 147.8 210 47.2 210 128.6 210 185.4 40 122.3 185 161 40 127 (in 160 progress) 220 155.05 155.05 152.64 152.64 167 171 149 7308993.1 -55 -55 -55 -55 -55 -55 -55 -55 Table 4:Mineralisation Logging Details Hole ID Meters From Meters To Width (m) Pyrite % TRDD001A TRDD001A TRDD001A TRDD001A TRDD001A TRDD001A TRDD001A TRDD001A TRDD001A TRDD001A TRDD001A TRDD001A 38.00 43.90 47.95 48.25 52.30 52.70 55.65 55.80 59.50 59.85 69.10 71.40 38.35 47.95 48.25 52.30 52.70 55.65 55.80 59.50 59.85 62.00 71.40 76.60 0.35 4.05 0.30 4.05 0.40 2.95 0.15 3.70 0.35 2.15 2.30 5.20 5 0.1 0.2 0.1 2 0.2 5 0.1 5 1 5 1 Arsenopyrite Chalcopyrite Sphalerite % % % 0.5 Galena % Comments 2 0.1 0.5 0.1 1 1 Mineralized VN 0.5 0.2 Mineralized VN with SER ARG Selvage Abundant PY in SER alt 0.2 0.2 Intense SER altered zone with abundant sulphides 17 TRDD001A 76.60 78.60 2.00 5 TRDD001A TRDD001A TRDD001A TRDD001A TRDD002A TRDD002A TRDD002A TRDD002A TRDD002A TRDD002A TRDD002A TRDD002A TRDD002A TRDD002A TRDD002A 78.60 82.15 82.75 137.30 0.00 38.40 40.50 41.00 44.00 50.60 60.00 67.00 69.00 70.00 92.50 82.15 82.75 137.30 138.50 20.80 40.50 41.00 44.00 44.50 51.10 60.60 69.00 70.00 77.50 93.90 3.55 0.60 54.55 1.20 20.80 2.10 0.50 3.00 0.50 0.50 0.60 2.00 1.00 7.50 1.40 0.1 5 0.1 5 TRDD002A 93.90 96.10 2.20 0.5 TRDD002A TRDD002A TRDD002A 96.10 119.80 120.70 119.80 120.70 128.60 23.70 0.90 7.90 0.1 5 0.1 0.3 2 0.2 2 1 0.2 0.5 2 0.1 0.1 Main Ore zone Broken QTZ sulphide VN with sheared upper margin 15 1 Abundant PY with strong SER alt Trace py in VLTs Mineralised VN with SR Altered selvage Precollar no sample 0.5 2 0.1 0.1 0.1 Also trace cpy trace sulphides in Vlts 0.5 0.1 0.5 Trace py with sericite alteration 0.1 2 0.5 0.1 0.2 Mineralized zone Also trace GA in VNs. Altered zone with parallel VLTs with CHL AB SER alteration Abundant py in Argilic alteration Trace py DS and on fractuires Visual estimates of mineralisation abundance should never be considered a proxy or substitute for Laboratory analysis. Visual estimates potentially provide no information regarding concentration of economic grades or factors, impurities or deleterious physical properties relevant to valuation. Table 5: January 2025 Rock Chip Sampling Results 18 Sample ID 24TRRCK001 24TRRCK002 24TRRCK003 24TRRCK004 24TRRCK005 24TRRCK006 24TRRCK007 Easting 334031.91 334041.12 334308.57 334362.77 334531.49 334521.32 334779.15 Northing 7308836.74 7308828.63 7308552.83 7308369.20 7307960.77 7307963.30 7308826.59 Au (g/t) 9.9 0.06 1.47 1.25 6.87 0.74 0.5 Ag (g/t) 49.7 0.48 32.2 7.99 125 12.15 3.65 Pb (ppm) 19,000 136 6,850 2,840 1,095 4,590 504 Estimated Northing GDA 94 Pyrite (MGA Zone 56) (%) 0.2% 7308154.4 7308237.4 1% 7308310.5 1.2% 7308487.7 0.5% 7308424.6 0.3% 7308424.6 0.2% 7308424.6 7307751.2 1.5% 7311600.5 7311196.6 0.5% 7311183.4 0.7% 7311131.0 0.2% 7311270.4 1% 7311094.6 Estimated Arsenopyrite (%) Sb (ppm) 125 5.6 24.3 58.5 311 488 11 Table 6: Dents & Bonneville Sampling details and locations. Sample ID DRC001 DRC002 DRC003 DRC005 DRC006 DRC007 DRC008 SRC001 Easting GDA 94 (MGA Zone 56) 333200.5 333239.5 333508.4 333524.5 333515.6 333515.6 333515.6 335414.4 RJRC001 RJRC002 RJRC003 RJRC004 RJRC005 RJRC006 334881.4 334017.2 334001.5 334106.5 335051.5 335268.1 0.2% 0.2% 0.1% 0.1% Description Tonalite-Hornfels margin sampling, Quartz Brecchia ~ 0.2m wide Tonalite-Hornfels margin sampling, Quartz Brecchia ~ 0.2m wide QV sampled from shallow pit south of main Dents pit QV North of main Dents pit Dents sulphide shaft Dents sulphide shaft Dents sulphide shaft Fri, 21 Mar, 2025 src001 Vein in TON in gully with weathered sulphides. ~30mm wide Striking 120 deg. Qtz float with FeOX Qtz float with FeOX next to small trench striking 270 deg Qtz veins in TON with FeOX. Striking 300 deg Qtz veins in TON with FeOX. ~40mm wide triking 140 deg. Qtz and partially weathered sulphide in mullock next to shaft. 19 Rule 5.5 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity DART MINING NL ABN Quarter ended (“current quarter”) 84 119 904 880 31 March 2025 Consolidated statement of cash flows Current quarter $A’000 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for Year to date (9 months) $A’000 - - (a) exploration & evaluation - - (b) development - - (c) production - - (d) staff costs (49) (182) (e) administration and corporate costs (46) (684) (Includes reallocation of exploration costs to investing activities from previous quarter) Dividends received (see note 3) 1.4 Interest received - 2 1.5 Interest and other costs of finance paid - (6) 1.6 Income taxes paid - - 1.7 Government grants and tax incentives 4 14 1.8 Other (vegetation offset receipts) - 199 1.9 Net cash from / (used in) operating activities (91) (657) 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities - - (b) tenements - (1,000) (c) property, plant and equipment (103) (297) (d) exploration & evaluation (677) (1,594) - - (e) investments ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 1 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows (f) Year to date (9 months) $A’000 - (15) (a) entities - - (b) tenements - - (c) property, plant and equipment - 33 (d) investments - - (e) other non-current assets - 10 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other (SQM Earn - in) - - 2.6 Net cash from / (used in) investing activities (780) (2,863) 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 528 3,603 2.2 other non-current assets Current quarter $A’000 Proceeds from the disposal of: 3.2 Proceeds from issue of convertible debt securities - - 3.3 Proceeds from exercise of options - - 3.4 Transaction costs related to issues of equity securities or convertible debt securities (23) (226) 3.5 Proceeds from borrowings - 60 3.6 Repayment of borrowings - (60) 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Other (payment of insurance funding) - (45) 3.10 Net cash from / (used in) financing activities 505 3,332 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 409 231 4.2 Net cash from / (used in) operating activities (item 1.9 above) (91) (657) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (780) (2,863) 4.4 Net cash from / (used in) financing activities (item 3.10 above) 505 3,332 ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 2 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period 5. Reconciliation of cash and cash equivalents Current quarter $A’000 Year to date (9 months) $A’000 43 Current quarter $A’000 43 Previous quarter $A’000 at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts 5.1 Bank balances 43