Investor Presentation Amendments
Released
Released
Announcement PDF
ASX Release
12 November 2024
INVESTOR PRESENTATION AMENDMENTS
Dart Mining NL (ASX: DTM) (“Dart”, or “the Company”) wishes to advise that the following
amendments have been made to the Investor Presentation released on 11th November 2024.
These amendments are included in the attached revised announcement.
•
A streamline statement has been added to page 2 stating:
Dart Mining NL confirms in the subsequent Investor Presentation that it is not aware of any
new information or data that materially affects the information included in the presentation
and that all material assumptions and technical parameters underpinning the estimates in the
relevant market announcement continue to apply and have not materially changed.
•
Northern Porphyries Project (page 6) total resource information has been removed.
•
Triumph existing mineral resources (page 6 and 13) has been revised to note that these are
inferred resources.
Approved for release by the Board of Directors.
For more information contact:
James Chirnside
Managing Director
Dart Mining NL
jchirnside@dartmining.com.au
+61 447 447 613
Aimee Coates
Investor Relations
Dart Mining NL
acoates@dartmining.com.au
About Dart Mining
In August 2024 Dart Mining (ASX:DTM) entered into a binding agreement to purchase 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. 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. The area is prospective for precious, base, and strategic metals
including Lithium, Gold, Antimony, Silver, Copper, Molybdenum, Zinc and Tin. Dart Mining has built a
strategically placed Gold exploration footprint in the Central and Northeast regions of Victoria, where
historic surface and alluvial Gold mining indicates the existence of potentially significant Gold
endowment.
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|Page
Investor Presentation
November 2024
ASX: DTM
Mr. James Chirnside – Executive Chairman | Mr. Owen Greenberger – Head of Exploration
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.
Dart Mining NL confirms in the subsequent Investor Presentation that it is not aware of any new information or data that
materially affects the information included in the presentation and that all material assumptions and technical parameters
underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.
ASX: DTM
2
CORPORATE PROFILE – Board of Directors
Mr. James Chirnside - Executive Chairman, CEO
James Chirnside has been professionally engaged in the financial, commodity, and mining industries over a forty-year period.
Throughout that period, he has worked in Fund Management, Commodity Trading, Investment Banking, and Mining Operations.
Mr. Chirnside studied for a Bachelor of Business degree at Edith Cowan University in Perth, Western Australia, and has been
Executive Chairman of Dart Mining since 2016.
Mr. Dean Turnbull - Non-Executive Director, Founder, Geologist
Dean Turnbull is a Geology graduate from the Bendigo College of Advanced Education and has a Postgraduate Honours degree in
Geology from the Key Centre for Ore Deposit and Exploration Studies (CODES) at the University of Tasmania. Mr. Turnbull has over
30 years’ experience as an exploration / mine geologist specialising in 3D geological and structural modelling and was instrumental
in the discovery and subsequent exploration of the Unicorn Porphyry Mo – Cu – Ag project. Mr. Turnbull was the first to recognise
and explore the lithium potential of the Dorchap LCT dyke swarm. Mr. Turnbull is a member of Australian Institute of Geoscientists.
Mr. Richard Udovenya - Non-Executive Director, Lawyer
Richard Udovenya is the principal of the law firm ResourcesLaw International (Melbourne) which focusses on natural resources
projects in Australia and Africa. Mr. Udovenya has almost 40 years legal experience in Australia and New Zealand, and is a
director of, and a legal advisor to, several Australian and international resources companies.
ASX: DTM
3
DART MINING TEAM
Ms. Aimee
Coates
Business
Manager
Mr. Brad Milne
Head of Drilling
& Operations
Ms. Julie
Edwards
Company
Secretary
Mr. Owen Greenberger - Head of Exploration
Owen Greenberger has 20 years of practical experience as a geologist in a broad range of projects including
Exploration, Mine Geology and Resource Estimation. After completing a bachelor’s degree in science from
Monash University in Melbourne, Mr Greenberger commenced his geology career at the Fosterville Gold Mine
where he held several positions across mining and exploration. He played a key role in the discovery of the Lower
Phoenix system, before assuming senior roles across the company’s projects in Victoria and the Northern
Territory. Mr Greenberger joined Dart Mining in 2023 to lead the company’s exploration team and to advance the
strategically important tenement lease holdings across Eastern Australia.
Mr. Terry Bates – Head of Business Development
Terry Bates is Head of Business Development for Dart Mining. Mr. Bates has an Honours degree in Geology from
the University of Melbourne, an MBA and Company Directors Diploma (AICD). He worked as an exploration
geologist before enjoying a diverse career in business and environmental management, and as a Company
Director. Mr. Bates has worked on mining projects in varying capacities in Australia, West Africa, Europe, South
America, and the Asia-Pacific region. Mr. Bates loves researching exploration and mining companies and
assisting in the development of their strategy and pursuit of the next big mineral discovery or mine development.
Mr. Bates has strong expertise in corporate strategy and management systems.
Mr. Andrew Dawes – Manager Queensland Exploration
Andrew Dawes has over 14 years of experience in mining, exploration and resource estimation. His extensive
practical experience includes projects in copper, gold, coal, cobalt, silver, PGEs, lithium, zinc, chromite and
tungsten in both open pit and underground mining. His background is focused on developing the true value of an
orebody via sound orebody knowledge exploration and evaluation. Mr. Dawes experience through the mining
project cycle includes early- stage target generation, green and brownfields exploration, project studies,
development execution, mining, reconciliation, and closure planning. His exploration experience includes all
facets of mineral and coal exploration and has provided a strong basis for project evaluation.
ASX: DTM
4
CAPITAL STRUCTURE
Capital Structure (A$)
Shares on Issue²:
598,055,578
Options on Issue²:
196,271,576
Share Price:
$0.010
(8th November 2024)
Market Capitalisation²
~$5.9m
Cash at Bank:
~$2.1m
(8th November 2024)
Enterprise Valuation²
~$3.8m
Top 20 Shareholders²
Hold ~52.4% of the Shares on Issue.
~$2.1m
~52.4%
Cash at Bank
Held by Top 20 Shareholders
~$5.9m ~$3.8m
Market Capitalisation
Note 2: Includes the issue of tranche 2 placement shares and the consideration shares to Sunshine Metals Limited as apart of the Triumph Gold Project acquisition
DTM ASX announcement (27 August 2024)
Enterprise Valuation
ASX: DTM
5
PROJECT FOOTPRINT
Triumph Project – Gold & Antimony (Acquired August 2024)
•
•
•
•
~50kms south of Gladstone
Intrusive Related gold project
Existing Inferred resources of 118koz at 2.03g/t Au
7,000m worth of drilling starting end of November 2024
Rushworth Project – Gold & Antimony
•
•
•
~45km East of Bendigo
Fosterville Style sulphide mineralisation
Early stages of exploration
Dorchap Project – Lithium
•
•
•
Early stages of Lithium Exploration
Positive geochemistry & Encouraging drilling results
3,000m of drilling approved (Option on Lithium Market)
Northern Porphyries Project – Copper, Gold & Molybdenum
•
•
Existing resource at Unicorn Project
5 intrusive targets surrounding unicorn untested
Buckland Project - Gold
•
•
Large shear hosted, orogenic gold system
1,000m Drilling Program
Gippsland Project – Gold & Base Metals
•
Very early-stage greenfield project looking for intrusive related mineralisation
ASX: DTM
6
CORPORATE, EXPLORATION, & COMMODITIES PREVIEW
Exploration Activities
•
Triumph Project – Gold & Antimony
•
Mineral Resource Estimate (MRE) update pending
•
7,000m Diamond and RC Drilling programs planned to
commence end of November 2024
•
Mapping and Sampling of new mineralised zones
•
Tallandoon & Sandy Creek Prospects – Gold & Antimony
•
2,000m Diamond Drilling program
•
Mapping & Surface Sampling
•
Buckland Project – Gold
•
1,000m Diamond Drilling program
Rushworth Project – Gold & Antimony
•
3,000m Diamond and RC Drilling programs planned
•
Mapping & Surface Sampling
•
Tenement Application grant (ELA8161 458 Sq. Km.)
•
•
Dorchap Project – Lithium
•
3,000m Diamond Drilling program (Option on Lithium)
Corporate Activities
•
Farm-in
•
Farm-out
•
Acquisition
•
Divestment
•
Joint Ventures
Marketing & Communications
•
Consistent regular news-flow
•
Conference attendances
•
Video updates monthly
•
Field Trips for brokers and direct investors
•
Roadshows - Perth, Melbourne, Sydney, Brisbane
•
Independent research report
Commodities
•
Anticipated strength in Gold prices
•
Anticipated strength in Antimony prices
•
Anticipated further recovery in Lithium prices
ASX: DTM
7
30 YEAR GOLD PRICE PERFORMANCE
ASX: DTM
8
YEAR TO DATE GOLD PRICE PERFORMANCE
Acquired
Triumph Project
Started
Negotiating
Triumph Project
ASX: DTM
9
ANTIMONY PRICE PERFORMANCE & OUTLOOK
Acquired
Triumph Project
Started
Negotiating
Triumph Project
Source: Project Blue
ASX: DTM
10
Dart Mining NL
Queensland
Projects
ASX: DTM
11
TRIUMPH GOLD PROJECT – Regional Geological Setting & Footprint
Triumph – Intrusive Related Gold (IRG) System
•
The region is known to host major intrusion related gold (IRG) systems,
porphyry and epithermal style gold and copper-gold systems
•
▪
Mt Rawdon
~2.8 Moz Au
▪
Cracow
~3 Moz Au
▪
Mt Morgan
~8 Moz Au (VMS related)
▪
Ravenswood ~8 Moz Au
Triumph shows geological similarities to other large IRG systems in the
district with Sunshine Metals Ltd recent drilling reported as confirming
Triumph is analogous to the Ravenswood Mine (5.6Moz Au Resource – 2024) 5
•
Intrusion related gold system
•
Fractured tonalite host rock
•
Mineralisation and alteration are similar with gold in quartz/sulphide
veins with some carbonate and sericite alterations selvages around
the lodes
•
Exploration Licence Tenements: North Caliope, South Caliope, Skeleton Creek
Location of the Triumph Project – QLD3
Ravenswood and Triumph - in common - have galena and arsenopyrite
* subject to completion of the Sale and Purchase Agreement – Triumph Gold Project in accordance
with its terms DTM ASX announcement (27 August 2024)
Note 3: ASX SHN Prospectus (25 September 2020)
Note 5: ASX SHN: Follow Up Drilling at Liontown (19 June 2024)
ASX: DTM
12
TRIUMPH GOLD PROJECT – Maiden Mineral Resource Estimate (MRE)
Triumph – Mineral Resource Estimate (MRE)
•
Over 90% of the current Inferred Resource of 118,000 oz at 2.03g/t Au
at Triumph is hosted in 20% of the 3km long (6km of delineated
structure) Southern Corridor, shallower than 100m7
•
Sunshine Metals Ltd report initial metallurgical test work indicates
recoveries in excess of 96%6
•
The resource remains open along strike and at depth.
Maiden Mineral Resource Estimate at Triumph Gold Project6
Best drill intersections to date:
o
10m @ 26.86g/t Au from 51m (TDH056)
(ASX: MBK September 2016)
o
16m @ 8.44g/t Au from 38m (22SHRC018)
(ASX: SHN March 2022)
o
16m @ 5.48g/t Au from 34m (21SHRC002)
(ASX: SHN February 2021)
o
17m @ 4.30g/t Au from 1m (TDH118)
(ASX: MBK August 2017)
Note 6: ASX SHN: Robust Maiden Resource at Triumph Gold Project (31 March 2022)
Note 7: ASX SHN: Drilling confirms large-scale Au system at Triumph Project (15 June 2023)
ASX: DTM
13
TRIUMPH GOLD PROJECT – Resource Expansion
Triumph – Resource Expansion Potential
•
3,695m of RC drilling completed by Sunshine Metals (2022/23) to enable
a low-cost resource update and expansion at early stage
•
Infill and step-out drill testing planned by Dart Mining both within the
resource zones and along projected mineralisation
•
7,000m of diamond drilling planned to start end of November 2024
•
Focus on the Constitution loads to start
•
Mineralisation is easily identifiable, with easy logging and restricted
sampling requirements
•
Initial assays to be incorporated into early Resource update if available
•
Initial visuals expected to be announced in December 2024
Figure 1. Triumph Southern Exploration opportunities
TDH107 – 1m @ 9.6g/t Au from 299m
ASX: DTM
14
TRIUMPH GOLD PROJECT – Resource Expansion
Further Resource Potential:
•
Extension of resource below 100m depth
•
Continued drill testing of historic mines such
as Advance and Bringham-Young targets and
large satellite geochemical anomalies already
showing positive RC drill results
•
New greenfield prospects
•
Magnetic-low at the intrusive core,
•
Mineralisation adjacent to the Norton
Fault
•
Inflection in EM response to south of
Constitution
Potential to define million-ounce
Ravenswood style deposit8
Figure 2. Triumph Northern Exploration opportunities
Note 8: ASX SHN: Drilling confirms large-scale Au system at Triumph Project (15 June 2023)
ASX: DTM
15
TRIUMPH GOLD PROJECT – Exploration Potential
Regional Exploration Potential:
•
High grade rock chip samples and mineralisation zones to the
north remain untested by any kind of drilling
•
Historic high-quality geology and geophysical information
collected allows ongoing targeting and greenfield exploration
concepts to be developed and tested.
•
Magnetic low response in centre of tonalite similar to Mt
Rawdon, Ravenswood and Mt Leyshon
•
Introduced mineralising fluid causing potassic alteration and
is destroying magnetic signature of the tonalite
•
Regional fieldwork planned post acquisition to assist in
working up regional drill targets.
Triumph Project regional Aeromagnetic response – Norton Tonalite (DTM ASX Triumph Gold
Project Acquisition)
ASX: DTM
16
TRIUMPH GOLD PROJECT – Exploration Potential
Mineral Systems Model Summary
•
Source of gold mineralising fluid located to the Northwest of the
tonalite intrusive
•
Tonalite host rock exhibits brittle fracture response and to the major
Norton Fault transecting the project from Southeast to Northwest
•
Mineralising fluid utilises fractures to ‘escape’ pressure generated by
the intrusive
•
As fluid cools and chemistry changes through interaction with
tonalite host rock gold and silver mineralisation is deposited as
sulphides in existing fracture sets
•
Only surface expressions of mineralised system tested to date
•
Deeper mineralised system remains untested
•
Lateral extent of mineralisation untested
•
Sediments surrounding Tonalite also prospective
•
Quality geochemistry information collected allows for further target
vectoring
Bulk tonnage targeting from Metal Bank ASX Release August 2018
(ASX: MBK August 2018)
ASX: DTM
17
Dart Mining NL
Victorian
Projects
ASX: DTM
18
BUCKLAND HISTORIC GOLDFIELD – Summary
Location
• Part of 6.9Moz15 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
• Multiple mineralization styles evident
• Vein-hosted high-grade gold
• Broad zones of disseminated sulphide hosted gold
Recent RAB Drilling Highlights16 Fairley's 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
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-reportsdata/geovic) for reference.
Modified from Dart Mining ASX September 2019
Note 15: Historic production figures from: PHILLIPS G.N., 2010. Victorian Gold Province Australia: A Contemporary Exploration Guide. GeoScience Victoria Special Publication
Note 16: Dart Mining ASX October 2020
ASX: DTM
19
TALLANDOON & SANDY CREEK – Gold and Antimony Project - Summary
Location
•
Dart Mining tenements cover the entire Tallandoon and
Sandy Creek Goldfields, located some 55km southeast of
Albury / Wodonga in Northeast Victoria
Style
Historic high grade reef style mineralisation within schist
and granite with 83 recorded historic hard rock Gold
workings at Sandy Creek and a further 94 Gold, 3 Antimony
and 19 tin workings, at Tallandoon. Disseminated Antimony11
within granitic dykes at Tallandoon and confirmed
disseminated gold at Sandy Creek within altered granite12
Scale
•
•
100,000oz3 historic Gold production from Tallandoon with a
3km+ Gold /Antimony mineralisation trend with Antimony
production recorded at 33.5t.14 Limited grab sampling
shows up to 6.48% Sb, 23.8g/t Ag and a 0.2m chip of 122g/t
Au2
•
95,691oz 13 historic Gold production from the Sandy Creek
Goldfield from high grade reef style mineralisation with
recent confirmation of larger scale disseminated sulphide
related gold in altered granite. 12
Antimony Mine Prospect
Antimony Samples – 217562: 2.73% Sb, 21566: 4.35% Sb, 217567: 2.86% Sb
Gold Samples – 217556: 9.3g/t Au, 217559: 12.7g/t Au,
Note 11: Woods, P (1988). Progress report EL1970 April-October 1988 (G2428) Ardroit Exploration. Filed with the Victorian Department of Industry, Technology and Resources.
Note 12: DTM:ASX Announcement 3 July 2020
Note 13: DTM: ASX Announcement 28 October 2024
Note 14: Phillips, G. N. (2010). Victorian Gold Province Australia: A contemporary exploration guide. Geoscience Victoria Special Publication. 54p. ISBN 978-1-74264-004-4
ASX: DTM
20
RUSHWORTH HISTORIC GOLDFIELD - Summary
Location
•
Dart Mining tenements cover the entire Rushworth Goldfield, located in Central Victoria, 45km northeast of the Fosterville
Gold Mine - considered to be the most profitable gold mine, of significant production, in the world - owned by Agnico Eagle
(NYSE:AEM, TSX:AEM)
Style
•
Rushworth mineralisation is of an orogenic epizonal quartz-vein style that is interpreted to be genetically like the nearby
Central Victorian high-grade gold systems at Ballarat and Bendigo
Scale
•
LiDAR survey has revealed >4,600 (shallow) historic workings along some 14km of strike
•
The Rushworth Goldfield is vastly under-explored using contemporary exploration methods
•
Historic mining efforts were defeated by water ingress and most workings ceased at ~40m
Current Drilling
•
3,447 meters drilled across the project to date, averaging a direct drill cost of <$100 per metre.
•
Drilling activity currently operating at Phoenix Hill, beneath historic workings.
•
Targeting the Anticline and Syncline positions and searching for repeating structures at depth.
•
Drilling will produce strong predictive geological model for continued and improved targeting and holds potential for
identifying further mineralised structures at depth.
Figure B: Phoenix Hill cross-section compiled from geological mapping completed by Jones & Turnbull (2014) and Boucher (2016).
Figure modified from Dart Mining ASX November 2020.
ASX: DTM
21
RUSHWORTH HISTORIC GOLDFIELD – Geological Model and Results
Mineral system model confirmed with sulphide mineralisation a key indication
for potential for high grade gold.
Sulphide mineralisation is an important observation surrounding high grade
results to support further prospectivity with high grade nuggetty nature of
mineralisation at Rushworth having the potential for “near miss” results.
Growlers Hill
•
6 of 8 holes drilled
•
Positive indications of mineralisation from all holes
•
GHDD002 - 0.55m @ 7.48g/t Au9 from 23.1m
Star of the West
•
Good Structure, Alteration and Mineralisation observed
•
SWDD004 -
•
•
0.24m @ 8.8g/t Au from 56.2m within 7.1m @ 0.75g/t Au,
•
3.6m @ 0.44g/t Au from 161.8m
•
including 0.2m @ 2.87g/t Au and
•
0.3m @ 1.45g/t Au
SWDD005
•
1.2m @ 4.5g/t Au from 19.9m downhole,
•
including 0.4m @ 8.4g/t Au, and
•
0.3m @ 6.6g/t Au.
Note 9: ASX DTM July 2024: High grade gold results confirm Mineral Systems Model at Rushworth Goldfield
Note 10: ASX DTM April 2024: Further Drilling Success at Rushworth
ASX: DTM
22
RUSHWORTH TENEMENT APPLICATION
Regional
•
EL8161 application in progress, highest ranked of
competing applications over the area.
•
Contains the extension of:
•
Rushworth Goldfield,
•
Historic Whroo Goldfield,
•
•
Containing the Historic Balaclava
Mine, and
Extension of the Moormbool Fault,
•
a major north South structure
associated with Costerfield Mine
•
Region well serviced with infrastructure
•
Area holds significant prospectivity for Antimony
Mineralisation
ASX: DTM
23
DORCHAP LITHIUM PROJECT (Farm-in JV) - Summary
Location
•
Situated in the Dorchap Range,
between the townships Eskdale &
Glen Wills
•
First mover land position over
important project location
2023 Drilling Results17
•
•
Style
•
Pegmatite hosted Lithium-CaesiumTantalum (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
•
3,000m planned to further test
Gostport location (Option on Lithium)
MIDDH009
• 10.0m @ 1.08% Li2O from 313m
• Including 7.0m @ 1.38%
Li2O from 315m
MIDDH010
• 2.0m @ 1.07% Li2O from 302m
• Including 1.0m @ 1.38%
Li2O from 303m
MIDDH002
• 16.75m @ 0.21% Li2O (Eagle
Dyke)
• inc. 0.81m @ 1.2% Li2O
MIDDH005
• 3.01m @ 0.26% Li2O
(FergussonsDyke)
• inc. 0.62m @ 1.63% Li2O
Note 17: Dorchap Lithium Project Update (Dart Mining ASX Oct 2023)
ASX: DTM
24
NORTHERN PORPHYRIES - Summary
Location
•
Surrounding Unicorn, additional porphyry targets exist
within 10km radius
Style
•
Development of the Unicorn System.
•
Large Silica Cap, and Unidirectional Solidification Textures
(UST’s) indicate overpressureing of the system and
development of multiple, more developed intrusive stocks
Scale
•
Unknown, but holds significant potential.
Mineralisation
•
Holds the potential for further developed intrusives moving
from Mo dominated to Au-Cu potentials similar to NSW.
Unlocking The Resource
•
If the Stockman Zinc mine progresses, we then have
options for development and exploitation
ASX: DTM
25
PROJECT TIMELINES
ASX: DTM
26
OPERATIONAL INITIATIVES
Vegetation Offset Property
Dart targets between 7,000 and 10,000 metres of
diamond drilling per annum per rig
Drilling Maths
•
Vegetation offset block established in 2018 for $300,000
•
Contractor direct drilling costs - ~$350 per metre
•
303 hectares of densely vegetated high biodiversity sub-alpine ecology
•
Dart direct drilling costs - ~$100 per metre
•
Used for in-house offsets of biodiversity and vegetation disturbances on work
sites throughout Darts exploration lease areas
•
Logging, Sampling, Assays - ~$50 per metre
•
External Sales made throughout NE Victoria
•
Sales have generated ~$2.3m of sales contracts since inception
•
Payments flow to Dart over a nine-year management period
•
Annual reporting and liaison to Victorian Government via DEECA
In-house Drilling Capability
•
Two diamond (one subject to acquisition) drill rigs operated by Dart Mining
•
Rig # 1 Depth to ~220m NQ,
•
Rig # 2 Depth to ~500m HQ, ~ 700m NQ, ~1,000m BQ
•
Direct drilling costs equate to ~$100 per metre and ~$150 per metre including
logging, sampling, and assays
•
30-50m per day per rig penetration rates depending on ground
•
Drilling throughout the year - unconstrained by seasonal conditions
•
Flexibility by not having to align with drill contractor timing and availability
•
No contractor management time required
•
Rigs cover almost all of Dart’s foreseeable diamond drilling requirements
-------------------------------------------------------------------------
•
Dart Cost
<$100 per metre
•
Comparable Contractor Cost
~$350 per metre
------------------------------------------------------------------------Transportable Field Camps
•
Significantly reduces cost of accommodating field staff
•
Food cost per head per day at ~$30 per head
•
Solar powered with backup generators
•
Conveniently located near work sites and outside of local communities
•
Significant safety and work efficiencies by being close to worksites
Other Initiatives
•
Wholesale fuel purchase and storage achieves ~20% savings off retail price
of diesel.
•
Transport and difficult access equipment for difficult environments
•
Strong focus on WHS
•
Comprehensive ESG review completed 2022, recommendations adopted
ASX: DTM
27
OPERATIONAL AND FIELD IMAGES
ASX: DTM
28
TENEMENT STATUS – VICTORIA
Name
Tenement Type
EL5315
Mitta Mitta4&5
Exploration Licence
Area (km2)
Unless
specified
148
EL006016
Rushworth4
Exploration Licence
EL006277
Empress5
EL006300
Tenement
Number
All tenements remain in good standing as of
Interest
Location
100%
NE Victoria
32
100%
Central Victoria
Exploration Licence
87
100%
NE Victoria
NSR Royalty Agreement with Osisko Gold
Eskdale3&5
Exploration Licence
96
100%
NE Victoria
Royalties Ltd dated 29 April 2013.
EL006486
Mt Creek5
Exploration Licence
116
100%
NE Victoria
NOTE 2: Areas subject to a 1.5% Founders
EL006764
Cravensville
Exploration Licence
170
100%
NE Victoria
EL006861
Buckland
Exploration Licence
414
100%
NE Victoria
EL007007
Union
Exploration Licence
3
100%
Central Victoria
NOTE 3: Areas are subject to a 1.0% NSR
EL006994
Wangara
Exploration Licence
190
100%
Central Victoria
Royalty Agreement with Minvest Corporation
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
NOTE 4: Areas are subject to a 0.75% Net
EL006866
Cudgewa
Exploration Licence
508
100%
NE Victoria
Smelter Royalty on gold production, payable
EL007170
Berringama
Exploration Licence
27
100%
NE Victoria
EL007430
Buchan
EL (Application)
546
100%
Gippsland
EL007435
Goonerah
EL (Application)
587
100%
Gippsland
NOTE 5: Tenements subject to conditions
EL008161
Colbinannin
EL (Application)
458
100%
Central Victoria
noted in the SQM earn-in agreement (Dart
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
RL006615
Fairley’s2
Retention License
340 Ha
100%
NE Victoria
RL006616
Unicorn1&2
Retention License
23,243 Ha
100%
NE Victoria
EL9476
Woomargama
Exploration Licence
85
100%
New South Wales
EL9516
Brewarrina
Exploration Licence
185
100%
New South Wales
September 2024.
NOTE 1: Unicorn Project area subject to a 2%
NSR Royalty Agreement.
Pty Ltd (See DTM ASX Release 1 June 2016).
to Bruce William McLennan.
Mining ASX December 2022 SQM Earn-In)
All tenements remain in good standing as of 22 July 2024.
ASX: DTM
29
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 th
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