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DART MINING NL AGM Information 2015

Nov 26, 2015

64792_rns_2015-11-26_999ff643-b1dd-491e-be6b-3a4107812eb4.pdf

AGM Information

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Dart Mining NL Annual General Meeting Presentation Friday 27th November 2015 Melbourne

Corporate Profile

  • ASX Code DTM
  • Latest share price 1.1 cents, Mkt Cap \$3.0m approx.
  • Shares outstanding – 259,924,632 (post recent placement)
  • Unlisted Options 15,473,048, VWEP \$0.1199, Expiries ranging from 12/15 – 12/17
  • Main office - Corryong
  • Directors – James Chirnside, Russell Simpson, Luke Robinson
  • Managing Director – James Chirnside
  • Manager Geology – Dean Turnbull
  • Company Secretary – Julie Edwards
  • Advisory Board – Simon Law, Rod Boucher, Bernie Hochwimmer
  • Auditors – Ragg Weir
  • Solicitors – Cooper Grace Ward

Summary of Recent Significant Events

  • May 2015 249D lodged to remove previous board
  • June 18 2015 resolution to remove board passed at general meeting
  • New board appointed
  • Conducted review of assets and strategic direction in light of extremely difficult global mining industry conditions
  • Re-focus on the company's original strategy of Gold exploration and exploitation in NE Victoria
  • Rationale in re-focus of strategy based on well qualified internal resources as well as virtuous dynamics around A\$ Gold price i.e. comfortable margin
  • Mt Unicorn Mo and other Porphyry targets have substantial long-term value and will continue to be maintained for the benefit of shareholders
  • R&D Certificate of finding issued by Innovation Australia challenging company's tax concessions from FY2012, FY2013
  • Tax concession experts International Technology Group appointed to assist in managing process of review and re-submission.
  • The company remains confident that this issue will be resolved favourably

Dart Gold Strategy

  • Dart is pursuing opportunities in gold exploration, development and production
  • Targets are located within Dart's existing tenements as well as JV tenements within a geographically manageable and geologically familiar region
  • Targets are characterised by relatively small ML size, acceptable preliminary development risk and able to be managed on a cost efficient basis
  • Opportunity exists through lack of large company development interest in projects sizes <300k oz.
  • Dart's own Mountain View ML project is company's project priority in short-term
  • NMV Joint Venture opportunity offer substantial upside potential to supplement and compliment Dart's pre-existing projects

Dart Mining - Intrinsic Value Proposition

  • Long and deep Victorian environmental and mines department relationships
  • More exploration activities within Victoria than any other exploration company in the past 10 years
  • Significant and valuable proprietary geological data on NE Victoria
  • EL and ML proprietary database covering the eastern seaboard
  • First class technical and administrative team with excellent Victorian Gold fields knowledge and experience
  • Upside potential via Dart's extensive porphyry targets including the world class Mt Unicorn Mo/Cu project

Conclusion

  • Company with a distinguished history in exploration in NE Victoria
  • Refocusing back to original mandate in gold exploration, development, and production
  • Excellent technical and administrative support and management
  • Significant existing tenements totaling 1500 sq. km in NE Victoria
  • Transparent, dependable, and dedicated team
  • Excellent template for JV arrangements with emphasis on aligned interests and staged expenditure
  • Significantly reduced overhead allowing for survivability and prosperity with a genuine focus on profitability and shareholder value.
  • Deal making expertise and experience in house
  • Virtuous dynamics around A\$ Gold price