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DART MINING NL — AGM Information 2017
Nov 27, 2017
64792_rns_2017-11-27_41ac8253-0ea6-424e-8880-9f9fb4d88050.pdf
AGM Information
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Dart Mining NL
AGM Presentation 2017 James Chirnside Managing Director Dean Turnbull Joint Manager Geology and Exploration November/December 2017
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ASX:DTM
Corporate Directory
Board, Management, Financial Control Chairman & Managing Director – James Chirnside Director – Russell Simpson Director – Luke Robinson Co. Secretary – Julie Edwards Financial Controller – John Coombs
Corporate Services
Legal Advisors – Resources Law International Accounting Services - Lowell Accounting Services Auditors - MSI Ragg Weir Registry - Link Market Services
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Technical Team
Joint Manager Geology and Exploration - Dean Turnbull Joint Manager Geology and Exploration - Dr. Rodney Boucher Exploration Geologist – Adam Jones Competent Person Li - Carl Swensson
Project Economics - Simon Law Land Management – Noel Laidlaw David Foster - Metallurgy
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Corporate Timeline
2004 Private company Dart Resources founded
2007 May ASX listed holding various gold tenements
2008 Mt. Unicorn Porphyry Mo Cu Ag discovery 2014 February Founding Board removed under threat of 249D 2015 June Board change under section 249D
2015 September DTM advised by AusIndustry that resubmission required for R&D work previously claimed 2016 January JV formed with NMV on 4 gold tenements 2016 May Lithium confirmed and ground pegged in Mitta Mitta valley 2017 May Spodumene confirmed Li host mineral 2017 August – Advised by AusIndustry that 85% of R&D claims had been cleared 2017 September Leases granted over Li prospective ground 2017 October Dart acquires NMV JV assets 100%
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Tenement Table
| Tenement | Table | ||||
|---|---|---|---|---|---|
| Tenement Number |
Name | Tenement Type | Area (Grats) Unless specified |
Interest | Location |
| EL4724 | Buckland2 | Exploration (Expired 30/10/2017) | 40 | 100% | NE Victoria |
| EL4726 | Dart1&2 | Exploration (Expired 30/10/2017) | 164 | 100% | NE Victoria |
| EL5058 | Cudgewa | Exploration | 216 | 100% | NE Victoria |
| EL5194 | Mt. Alfred | Exploration | 27 | 100% | NE Victoria |
| EL006277 | Empress | Exploration | 221 | 100% | NE Victoria |
| EL006300 | Eskdale3 | Exploration | 245 | 100% | NE Victoria |
| EL006486 | Mt Creek | EL (Application) | ~191 | 100% | NE Victoria |
| EL5468 | Upper Murray | Exploration | 148 | 100% | NE Victoria |
| EL5315 | Mitta Mitta4 | Exploration | 195 | 100% | NE Victoria |
| RL006615 | Fairley’s2 | Retention License Application | 340 Ha | 100% | NE Victoria |
| RL006616 | Unicorn1&2 | Retention License Application | 23,243 Ha | 100% | NE Victoria |
| MIN006619 | Mt View 2 | Mining License Application | 224 Ha | 100% | NE Victoria |
| MIN5246 | Chinaman’s4 | Mining | 5 Ha | 100% | Central Victoria |
| MIN5306 | Phoenix4 | Mining | 5 Ha | 100% | Central Victoria |
| MIN5538 | Rushworth4 | Mining | 34.8 Ha | 100% | Central Victoria |
All tenements remain in good standing at 30 November 2017.
NOTE 1: Unicorn Project area subject to a 2% NSR Royalty agreement with BCKP Limited (Orion Mine Finance) dated 29 April 2013.
NOTE 2: Areas subject to a 1.5% Founders NSR Royalty Agreement.
NOTE 3: Areas 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
Tenement Map
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Exploration & Development Strategies
Lithium
Orogenic Gold
Porphyry
Glenn Wills Lepidolite / Amblygonite Dykes
Rushworth Project Quartz Vein / Fault Reef Au
Empress - Porphyry Au / Cu
Staceys - Porphyry Au, Cu
Mitta Mitta Spodumene Dykes
Empress Silica / Sulphide Lode Au
Gentle Annie - Porphyry Au, Cu
Eskdale Spodumene Dykes
Fairleys Disseminated Shear Hosted Au
Copper Quarry - Porphyry Cu
Mt Morgan - Porphyry Mo, Ag, Au
Dorchap Dyke Swarm (LCT Pegmatites)
Mountain View Silica / Sulphide Lode Au
Unicorn - Porphyry Mo, Cu, Ag
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Exploration & Development Priorities & Activities
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Lithium
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Orogenic Gold
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- Porphyry
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Exploration & Development Priorities & Activities Lithium
Dorchap Dyke Swarm (50 x 15 km) – Full extent covered under approved Exploration Licenses EL5315 (Mitta Mitta), EL006277 (Glenn Wills) & EL006300 (Eskdale)
Mitta Mitta / Eskdale (Northern Section – Spodumene)
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Ground truth and map large scale pegmatite targets across the licenses. Preliminary rock-chip sampling and petrology.
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Follow-up detailed channel sampling
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First Pass Percussion drilling
Glenn Wills (Southern Section – Lepidolite / Amblygonite)
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The license has not been historically mapped but contains identified LCT dykes (Blue Jacket, Knocker) and numerous historic tin dykes
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Preliminary focus using stream sediment geochemistry
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Anomalous drainage cells require field checks and mapping / sampling
Broad Objectives:
Seeking JV Partner to accelerate regional exploration program
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Exploration & Development Priorities & Activities
Orogenic Gold
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Rushworth – Stacked fault hosted reef system, mined to 50m depth only – Narrow, multiounce shoots within the fault reefs mined from surface within a broader stockwork zone of parallel quartz veins (unknow grade) - requires close spaced targeted drilling and bulk sampling (trial mining) to estimate grade and test the geology model.
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Empress Lode Gold – Multiple narrow silica / sulphide lodes within the multi-phased Banimboola Granodiorite – lodes show zones of enriched gold mineralisation. Lodes not systematically tested by modern exploration and require shoot scale drilling to establish continuity and size potential.
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Mountain View – Larger Mining License (MIN006619) under application to reach optimal pit depth and build on the resource base by resource definition drilling along strong gold / arsenic soil anomalies along some 2km of the line.
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Fairleys Project RL application submitted to further develop the shear hosted disseminated gold mineralisation already identified. Similarities to shallow sections of the Kirkland Lake Fosterville Deposit have been noted and require further testing – Limited drilling to date has only tested a small section of the extensive geochemical anomalies defined. Resource definition drilling is required to build the resource base as part of planned PFS development.
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Other Prospects – Onslow / Onslow South
Exploration & Development Priorities & Activities Porphyry Targets
Empress Porphyry – Au, Cu Staceys – Au, Cu Gentle Annie – Au, Cu Copper Quarry – Cu
Geological mapping and soil / rock chip geochemistry compilation completed across all prospects. Successful percussion drilling at the Empress Porphyry and Copper Quarry identified a fertile porphyry setting with highly anomalous intersections. Staceys and Gentle Annie are yet to be drilled.
Unicorn Porphyry – Mo, Cu, Ag / Zn An application for a Retention License (RL) has been submitted over the Unicorn Project area to secure the project (currently un-economic).
Broad Objectives: Seeking JV Partner to accelerate understanding and development of new exploration prospects.
All prospects require deep geophysics (CSAMT) to better define the geological model and identify drill targets. CSAMT was highly successful when used at the Unicorn Porphyry with a remarkably correlation between geophysics and drilling.
Battery Metals Tantalite, Lithium Carbonate, Cobalt
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Lithium Demand & Supply Forecast
(Source: 911 Metallurgist)
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Lithium Demand by Segment (Source: 911 Metallurgist)
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Corporate Objectives
Broadly
Dart seeks to advance itself as a low cost mineral exploration and development company Focused on commodity sectors with positive and sustainable tail-winds in the Battery, base, and precious metals sectors.
Specifically
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Establish JV partnerships for Lithium and Porphyry exploration and development
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Target primary mineral project opportunities related to battery metals
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Introduction of strategically important projects as well as other collaborative initiatives
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Realise value through monetisation of existing and introduced mineral projects
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Resolve outstanding legacy issues, particularly the AusIndustry dispute
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Establish better communications with stakeholders and prospective investors
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Introduce better systems of operational efficiency and cost saving measures
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Get In Touch
Web – www.dartmining.com.au
Twitter - @DartMining LinkedIn – Dart Mining NL Email – [email protected] Phone - +61 2 6076 2336 Postal Mail – PO Box 141 Corryong, VIC, 3707
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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.
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