DTM Investor Presentation - November 2025
Released
Released
Announcement PDF
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INVESTOR
PRESENTATION
N O V 2 0 2 5
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FORWARD LOOKING
STATEMENTS AND 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.
This presentation contains visual estimates of mineralisation,
and the company would like to stress that 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.
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.
The Company confirms that 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 announcements continue to apply and have not
materially changed.
ASX: DTM
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ASX: DTM
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 Universityin Perth, Western
Australia, and has been Executive
Chairman of Dart Mining since 2016.
MR. JAMES CHIRNSIDE
Executive Chairman - CEO
Dean Turnbullis 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
structuralmodelling and was
instrumental in the discoveryand
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. DEAN TURNBULL
Non Executive Director
Founder , Geologist
Richard Udovenya is the principal of
the law firm ResourcesLaw
International(Melbourne) which
focusses on naturalresources 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 legaladvisor to,
several Australian and international
resources companies.
MR. RICHARD UDOVENYA
Non Executive Director, Lawyer
TerryBates is Head of Business
Development for Dart Mining. Mr.
Bates has an Honours degree in
Geology from the Universityof
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 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. TERRY BATES
Non Executive Director,
CORPORATE PROFILE
Board of Directors
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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 Universityin 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. OWENGREENBERGER
Head of Victorian Exploration
Anissa Dorman is a Chartered
Accountant with over 20 years’
experience in Public Practice
specialising in compliance, tax
planning and business development
for medium to large enterprises and
individualtax-payers as well as Human
Resource management, software
support, business valuations,
benchmarking and cash flow
forecasting. During this time Anissa
has also worked part-time in the
education space at both TAFE and
University Levels. With a Bachelor of
Business in Accounting from Charles
Sturt University and post graduate
studies with the Institute of Chartered
Accountants Australia and New
Zealand as wellas a Certificate IV in
Training and Assessment.
MS. ANISSA DORMAN
CFO
AndrewDawes 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
mineraland coal exploration and
provides a strong basis for project
evaluation.
MR. ANDREW DAWES
Head of Queensland Exploration
Anthony Sleeman joined Dart Mining in
January 2025 and was appointed Head
of Drilling and Operations. Anthony is a
Certificate 3 qualified driller and a
heavyvehicle and diesel mechanic.
Anthony has substantial commercial
drilling experience having worked with
Lennard Drilling for 11 years based out
of Queensland. Anthony has worked
for other commercial drilling
companies including Deepcore Drilling
and Centurion Drilling. In addition,
Anthony has qualifications in First Aid,
Multi-combination truck driving,
Forklift operation, and Rigging.
MR. ANTHONYSLEEMAN
Head of Drilling and Operations
DART MINING TEAM
ASX: DTM
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~$0.045
SHARE PRICE
CAPITAL STRUCTURE
~$1.70M
CASH AS AT END 31st OCTOBER
ENTERPRISE VALUE
MARKET CAPITALISATION
209,708,623
SHARES ON I SSUE
185,461,159
OP TI ONS (inc. ESOP )
4,031,720
ESO P (Excluding Dir ectors )
~$7.73M
~$9.43M
CORPORATE STRATEGY
Dar t has been p ursui ng a focu sed str ategy over the
past 12 months:
• Ob tain positi on s in advan ced gold , anti mon y,
and c ri tic al mi ner al pr oj ects i n C entr al
Queensl and with a view to ear l y pr oduc tion to
fun d f utur e pr oject devel op men t an d
ex pl or ati on .
• Divestment and Farm -out of Vic tori an p roj ec ts.
• Assessing strat eg ic cor por ate oppor tun ities an d
gol d/c ri tic al mi ner al pr oj ects.
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• Triumph Exploration Target declaration
• Additional deep drilling gold results from TRDD014 at
Triumph
• Additional diamond drilling antimony visuals and assay
results from Coonambula Antimony-Gold Project
• Rock chip sampling for gold/antimony from the
McKonkeys North group of historic gold mines at
Coonambula
• Rock chip sampling from the Advance Mine at Triumph –
Advance was the deepest and highest producing historic
mine on the Norton Goldfield
• Potential corporate/project acquisition
Projected News-flow
2025
7
2026
• Final IP survey interpretation from Coonambula
• Granting of EL008161 from Rushworth Project
• Additional drilling visuals and results from Coonambula
• Divestment strategy and activity summary
• Updated resource for the New Constitution deposit at
Triumph
• Reconsideration of large geophysics database from the
Triumph project to identify new intrusion related gold
systems targets
• Announcement of mining strategy for Queensland
projects and commencement of studies and ML
applications
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PROJECT FOOTPRINT
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• ~50km South of Gladstone
• Intrusive Related Gold and
Silver project
• Existing Resource ~150koz
Au
• Exploration Target Pending
• 2000m of Diamond Drilling
in progress – first results in
November
• IP Survey in progress
targeting antimony
sulphide lodes
• Continue to assess historic
opportunities
• ~45km East of Fosterville
• Fosterville style sulphide
mineralisation
• Early stages of exploration
• Seeking interested parties
for divestment or JV
• Area of historic antimony
and gold mining
• Preliminaryrock chip
sampling completed
• Seeking interested parties
for divestment or JV
• Large Scale porhpyry
intrusives with significant
exploration upside
• Seeking interested parties
for divestment or JV
• Prospective Lithium, Gold
and Antimony exploration
titles
• Seeking interested parties
for divestment or JV
TRIUMPH - GOLD COONAMBULA - GOLD /
ANTIMONY
RUSHWORTH – GOLD /
ANTIMONY
SANDYCREEK &
TALLENDOON – ANITMONY/
GOLD
NORTHERN PORPHYRYS –
COPPER / GOLD /
MOLYBDENUM
DORCHAP – LITHIUM / GOLD /
ANTIMONY
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P R O J E C T S
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• The region is known to host major intrusionrelated gold (IRG)
systems, porphyry and epithermal style gold and copper-gold
projects
• Mt Rawdon ~2.8 Moz Au
• Cracow ~3.0 Moz Au
• Mount Morgan ~8 Mox Au(VMS Related)
• Ravenswood ~8 Moz Au
Regional Setting and Footprint
Location of Triumph and Coonambula projects
COONAMBULA - ANTIMONY & GOLD PROJECT
• New England Fold Belt geology
• Similar geology to Hilgrove and Neardie deposits
TRIUMPH – GOLD & SILVER PROJECT
• Fractured tonalite host rock
• Analogous to the Ravenswood Mine
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QUEENSLAND PROJECTS FOOTPRINT
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• Farm-in Agreement withGreat Divide Mining (ASX: GDM)(1)
• Earn in up to51%
• Highlights from 2014 drilling as per GDM Prospectus(2)
• 3.0m @ 9.18%Sb in hole CNRC03 from 158m
• 6.0m @ 5.12%Sb & 1.55g/t Au in hole CNRC04 from77m
• 3.0m @ 1.5% Sb & 8.53g/t Au in hole CNRC05 from 18m
• Rock Chip results of 44.9% Sb, 24.1% Sb, 39.9% Sb and 34.4% Sb (2)
• Dart Grab samples across the project returned results of 65.3% Sb
and 55.5% Sb. 17g/t Au and 15.05g/t Au, 97.9 g/t Ag and 66.7g/t Ag (3)
• Shear hosted, orogenic gold system with strong associationof gold
and antimony. All mineralisation in intrusive rocks.
• Holds potential todefine a significant intrusion related gold system
within a region of Queensland hosting similar multiple multimillion
ounce gold resources.
• Limited modern exploration, with no drillingsince 2014.
COONAMBULA ANTIMONY &
GOLD PROJECT
Summary and Geology
Note 1 – ASX: DTM Dart Mining agreement over Advanced Antimony Gold Project (12th
March 2025)
Note 2 – ASX :GDM Prospectus 2023
Note 3 - ASX: DTM Outstanding Antimony, Gold and Silver results from surface rock
chip sampling at Coonambula (10th October 2025)
Rock sample from Banshee prospect at Coonambula showing 95% massive
Stibnite (antimony sulphide) – rock is usampled.
Visualrepresentation and estimation of mineralisation should not be relied on
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COONAMBULA ANTIMONY & GOLD PROJECT
Antimony Focus
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Long projection showing location of
significance of drilling intersections
Highlight Intercepts:
• 7.0m @ 4.53%Sb
• 3.0m @ 11.01%Sb
• 5.0m @ 1.46%Sb
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• High grade Antimony results received
across twozones from the first drill hole at
Coonambula with more to come
• CBADD001(1)
• 5.0m @4.33% Sb + 1.69 g/t Au + 23.65 g/t
Ag from 41.5m;
• including @0.65m @ 32.20% Sb +
2.91 g/t Au + 10.50 g/t Ag from 42.0
and
• 0.5m 2.53 g/t Au from 42.65m and
• 0.7m @ 5.61 g/t Au + 154 g/tAg
from 45.4m
• 1.6m @9.47% Sb + 0.35 g/t Au + 4.09 g/t
Ag from 68.2m
• including 0.5m @ 29.60% Sb + 0.65
g/t Au + 12.60 g/t Ag from 68.7m
COONAMBULA ANTIMONY &
GOLD PROJECT
Drilling Results
Note 1: ASX: DTMHigh Grade Antimony from First Coonambula Drill hole (10th November 2025)
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• Visual Antimony mineralisation intersected
in additional two drill holes, so far
• CBADD002(2)
• 1.4m @estimated 5% Stibnite from
134.5
• Including 0.3m at an estimated 80%
Stibnite
• 1.8m hydrothermal breccia
zone from 170.2m with Stibnite in the
matrix
• CBADD003 (2)
• Approximately 1.1m @ 25%
Stibnite from 131.3m
• Including 0.2m @ 95% Stibnite from
131.6m
COONAMBULA ANTIMONY &
GOLD PROJECT
Drilling Results
Note 1: ASX: DTM(10th November 2025)
Note 2: ASX: DTMDrilling continues to intercept Antimony at Coonambula (21st October 2025) ASX: DTM
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Drillcore from CNDD003 from 131.65(2)
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High grade Antimony, Gold, and Silver results received across 9
samples of float and in situ veins across the Historic Banshee Mine
area including:
• Antimony results up to 65.3%
Sb (BSE01) and 55.5% Sb (BSE04),
• Gold grades up to 17.0 g/t Au (BSE08) and 15.05g/t Au (BSE07),
• Silver grades up to 97.9g/tAg (BSE01) and 66.7g/tAg (BSE02)
COONAMBULA ANTIMONY &
GOLD PROJECT
Surface Sampling
ASX: DTM Outstanding Antimony, Gold & Silver results from
surface rock chip sampling at Coonambula (10th October
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Preliminary results and interpretation from the CEI Funded IP
Survey under way at the Coonambula have highlighted further
Antimony prospectivity at the project.
• The Banshee mineralised trend is being highlighted by a subtle
chargeability response
• The chargeability response extends to the east beyond the
extents of the historical drilling.
• At the western end the chargeable zoneappears to be offset to
the north suggesting a possible fault offsetting the system and
strike extension to the west
COONAMBULA ANTIMONY &
GOLD PROJECT
IP Survey
ASX: DTM Antimony mineralisation extensions highlighted by preliminary IP Survey
Interpretation at Coonambula
Orthogonalview of IP Survey showing progress and preliminary interpretation
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COONAMBULA ANTIMONY & GOLD PROJECT
Gold Focus
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Long projection showing location of
significance of drilling intersections
Highlight Intercepts:
• 10.0m @ 1.01 g/tAu
• 7.0m @ 1.66 g/t Au
• 5.0m @ 1.28 g/t Au
• 5.0m @ 1.56 g/t Au
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TRIUMPH GOLD PROJECT
Mineral Resource Estimate (MRE)
ASX: DTM Triumph Resource grows to 150koz (4th March 2025)
TRIUMPH –
MINERAL RESOURCE ESTIMATE
(MRE)
• Over 90% of current inferred
resource is hosted within 20%
of mineralised strike length,
and shallower than 100m from
surface
• Initial Metallurgical testwork
indicates recoveries in excess of
96%
• The resource remains open
along strike and at depth
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TRIUMPH GOLD PROJECT
Triumph – Resource Drilling
ASX: DTM Triumph drilling reveals new gold mineralised zones (3rd July 2025)
• Long projection showing drilling
intersections from the New
Constitutionloads highlighting
locations of recent drilling
intercepts
• Drilling focused on key areas for
developing understanding the
geology controls on mineralisation
• Drilling has generated significant
improvement in our geological
understanding and allowed further
targeting at depth
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Shallow resource drilling information allowed the projection of
mineralisation at depth below existing resource
4 deep diamond drill holes have been drilled targeting mineralisation at
depth.
TRDD011(1)
10.8m @ 1.17g/t Au from 86.5 ;
Including0.5m@ 16.15g/t Au
TRDD012(1) 4.4m @8.99g/t Au and 28.09 Ag from 171.3m;
including 1.3m @30.93g/t Au and 86.78g/t Ag from 171.3m
Including 0.3m @ 114.00 Au and 276g/t Ag from 171.3m
TRDD013(2)
0.4m @ 34.6g/t Au and 15g/t Ag from 258.6m
TRDD014(2)
(3)
Strong Visual Indications of Mineralisation at 233.4m
TRIUMPH GOLD PROJECT
Triumph - Exploration Deep Drilling
Note 1 – ASX: DTM Triumph drilling delivers highest grade drillintercepts to date (22nd July 2025)
Note 2 – ASX: DTM Triumph deep drilling confirms NewConstitution mineralisation is open at depth (4th September 2025)
Note 3 – Visualrepresentation and estimation of mineralisation should not be relied on ASX: DTM
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Long projection showing location of
significance of drilling intersections to
the south, and down plunge of the
existing resource at Big Hans.
Highlight Intercepts:
• 10.8m @1.17 g/tAu
• 4.4m @ 8.99 g/t Au
• 18.0m @3.99 g/tAu
• 4.0m @ 27.12 g/tAu
• 3.0m @ 10.93 g/tAu
TRIUMPH GOLD PROJECT
ASX: DTM Triumph drilling delivers highest grade drillintercepts to date (22nd July 2025)
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Exploration Deep Drilling
V I C T O R I A N
P R O J E C T S
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Tenement Consolidation
• Intention of the company to reduce tenement
holdings and focus activity across key Projects in
Queensland.
• The company is opento divestment or joint venture
on any of the Victorian assets.
• The company remains positive about the
prospectivity of the Victorian assets.
TENEMENT CONSOLIDATION AND DIVESTMENT
Summary
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EL008161 application inprogress, Dart Mining is the highest
ranked of competing applications over the area.
• EL008161 contains the extension of:
• Rushworth Goldfield
• Historic Whroo Goldfield
• Containing the historic Balaclava mine,
• Extension of the Moormbool Fault
• A major North South structure associated with the
Costerfield Mine
Region is well serviced with infrastructure
Area holds significant prospectivity for Antimony Mineralisation
RUSHWORTH TENEMENT APPLICATION
Regional
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• Completion of Triumph Purchase – Triumph is an
intrusion related gold project with million-ounce
potential
• Increase in inferred JORC Resource to 150,000 ounces of
Gold - 2.16Mt @ 2.17g/t Au
• Completion of first phase of resource drilling
• Highest grade intercept to date @ 114g/t Au
• Completion of initial Deep Target drilling
• Significant mineralisation intersected at depth
including 4.4m @ 8.99g/t Au from 171.3m and 0.4m
@ 34.6 g/t Au intersected at 258m depth downhole
• Pending Exploration Target announcement – high
quality and robust target based upon drill intercepts
• Commencement of mining strategy study
2025 Achievements
Triumph Project
26
• Farm-in Joint Venture agreement reached with Great
Divide Mining over the Coonambula project,
Queensland's best and highest-grade Antimony Project,
which comfortably sits amongst the top 10 Antimony
projects in Australia
• Commencement of Diamond Drilling
• Continued intersection of Antimony Mineralisation
in all drill holes to date
• Drilling is designed to declare an antimony-gold JORC
Resource at the earliest opportunity
• Commencement of QLD Government Funded IP Survey
• Preliminary interpretation has highlighted the
historic Banshee Antimony-Gold Trend, and
potential extensions along strike in both directions
including a newly interpreted fault offset along
strike to the west.
Coonambula Project
CONTACTS
James Chirnside – Executive Chairman
Dart Mining NL (ASX: DTM)
jchirnside@dartmining.com.au
+61 419 605 842
Ben Zervaas – Corporate Advisor
Zerp Capital Pty Ltd
ben@zerpcapital.com
+61 407 211 959
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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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