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DART MINING NL — AGM Information 2009
Nov 17, 2009
64792_rns_2009-11-17_7a12b788-ef9c-40bb-8f73-8016282c2bd1.pdf
AGM Information
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ANNUAL GENERAL MEETING
OPERATIONS REPORT John Quayle CEO
18 November 2009
IMPORTANT NOTICE AND DISCLAIMER
The information contained in this document is disclosed to you by Dart Mining NL (ACN 119 904 880) (the "Company").
Nothing in this document shall form the basis of any contract or commitment, or constitutes investment, financial product, legal, tax or other advice. The information in this document does not take into account your investment objectives, financial situation or particular needs.
The Company has prepared this document and is not aware of any errors in this document, but does not make any recommendations or warranty, express or implied concerning the accuracy of any forward looking statements or the likelihood of achievement or reasonableness of any assumptions, forecasts, prospects or returns contained in the information. Such assumptions, forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies.
This document is intended to provide background information only and does not purport to make any recommendation upon which you may reasonably rely without taking further and more specific advice. Potential investors should make their own decision whether to purchase any share in the Company based on their own enquiries. Potential investors are advised to seek appropriate independent advice, if necessary, to determine the suitability of the investment. An investment in the Company should be considered speculative. This document is not a prospectus or other disclosure document.
EXPLORATION PROGRAMME
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Direct exploration expenditure 2008-2009 = $1.7 million
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Direct exploration budget 2009-2010 = $0.9 million
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Exploration programme resumed with Induced Polarisation programme completed on Morgan and drilling commenced
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Extensions to Dart exploration licence areas have been obtained to secure title to mineralisation trends in splays off the Lachlan Fold Belt/Gilmour Suture in North East Victoria
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DART MINING TENEMENTS
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GRANTED
LICENCES
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Dart EL 4726
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Cudgewa EL 5058
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Buckland EL 4724
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Boebuck EL 5131
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Bunroy EL 5132
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Myrtleford EL 5123
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Mt Alfred EL 5194
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TOTAL: 2,335 Km [2]
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2008/2009 YEAR HIGHLIGHTS
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Extensive exploration conducted
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Priority Targets drilled • Gold
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Mt Elliott Group, Mountain View, Fairley’s
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• Polymetallic Porphyries
- Unicorn, North Mammoth
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Significant molybdenum anomaly zone at Unicorn prospect to be further drill tested this summer
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New prospect at Morgan currently being drill tested with this phase completion expected in January 2010
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On track to identifying an economically viable resource at Unicorn
GEOLOGICAL MODEL POINTS TOWARD NEW MINERAL PROVINCE
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Dart Mining has increased its strategic tenement holding along the Gilmore Suture and splays within the Lachlan Fold Belt
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Dart now holds an area of 2,335 km[2] under Exploration Licence
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Dart has secured exploration tenements containing what is interpreted to be a new Metallogenic Province
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POLYGONAL VORTEX MODEL
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MT ALFRED EL 5194
CUDGEWA EL 5058
REWARD COPPER
MOUNT ELLIOT
PROSPECT
BUNROY EL 5131
UNICORN PORPHYRY
MORGAN PORPHYRY
DART PLUTON
STRING
BOEBUCK EL 5132
DINNER CREEK
BUCKWONG CREEK
DART EL 4726 ANOMALY
NORTH MAMMOTH PORPHYRY GN MN
12 0
DONOVAN’S HILL PROSPECT 10 km
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UNICORN PORPHYRY
– DRILLING PROGRAM
• 18 Hole drilling
program
completed under
an Area Work
Plan along
accessible Ridge
Lines
• RAB Drilling over
the Eastern edge
of the surface
Anomaly
• Diamond Drilling
into the main
Anomaly >450ppm
Mo
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UNICORN PORPHYRY
– DRILLING RESULTS
• Open Mo
mineralisation
>180m depth
from surface
• Geological
model and
world class
potential of the
Prospect
confirmed
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UNICORN PORPHYRY
– GEOPHYSICS
• Geophysics
programme
demonstrated that
initial diamond
drilling stopped just
short of major
targets
• Geological model
and world class
potential of the
Prospect confirmed
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OTHER PORPHYRY PROSPECTS
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MORGAN PROSPECT
• Initial geophysics
supported the
geochemistry
signature
• Rediscover Victoria
Drilling grant for
Morgan awarded in
November 2008
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MORGAN PROSPECT
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Subsequent infill geochemistry supported the initial results and identified large gold/base metals subring feature to the North
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This northern feature to be drilled over the coming summer
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MORGAN PROSPECT
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• Recent geophysics has shown the high calibre of the prospect
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Coincident low resistivity and high IP target
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Drilling has commenced in last few days with hole DDH01
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Two holes designed to intersect the highly anomalous targets
MOUNTAIN VIEW PROSPECT
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Drilling in July indicates the high grade gold extends to the north and shows up to 6m @ 7.8 g/t Au (including 2m @ 19.3 g/t Au) and 4m @ 8.72 g/t Au (including 1m @ 18.75 g/t Au)
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• Further drilling is planned next year
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SUMMARY
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Dart remains on the cusp of a new mineral province in Victoria
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Additional capital raised will enable Unicorn to be tested at depth
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Government drilling support grant application to be filed for Unicorn under Round 3
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Drilling commenced at Morgan which is on the same structure as Unicorn (which obtained a Government drilling support grant under Round 2)
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Potential for further gold discovery
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