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DART MINING NL — AGM Information 2018
Nov 26, 2018
64792_rns_2018-11-26_99d6b230-7258-4dfc-80cc-b316fe50145f.pdf
AGM Information
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Dart Mining NL
AGM Presentation 2018 James Chirnside Managing Director Dean Turnbull Manager Geology and Exploration
November 27th 2018 - Melbourne November 28th 2018 - Wodonga December 12th 2018 - Sydney
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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.
ASX:DTM
Directory - People
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Corporate
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James Chirnside – Managing Director
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Denis Clarke – Independent Director
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Russell Simpson – Independent Director
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Luke Robinson – Independent Director
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Julie Edwards – Company Secretary
• Operational
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Dean Turnbull – Manager Geology and Exploration
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Melanie Squire – Manager Geological Administration and Environment
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Michael Roberts – Manager Financial Administration and Reporting
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ASX:DTM
Directory - Suppliers
• Corporate
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Resources Law International
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Whittens & McKeough
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Morrows Audit
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Lowell Accounting Services
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International Technology Group
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Veritas Securities Ltd
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Automic Registry Services
• Operational
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RSC - Exploration
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Edrill - Drilling
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Biosis – Flora, Fauna, Cultural Heritage
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B and S Update - Metallurgy
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ASX:DTM
Capital Structure
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Shares
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856,614,232
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Listed Options
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419,830,574, Strike $0.01, Expiring 28 February 2019
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ASX:DTM
Strategy Rationale
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Dart’s has three explicit exploration and development strategies - Lithium, Gold, and Porphyries. Each is consistent and complimentary to our broad view that discretely each is well positioned in line with long-term demand trends.
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Dart believes that forward Lithium demand forecasts are presently under-estimated and that we will likely see a sustained period of high prices with tight supply. This will fundamentally support high producer margins in the medium and long-term.
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We are positively disposed towards the price of US$ Gold. We consider that further weakness in the USD/AUD exchange rate will occur and that A$ Gold producer margins will expand beyond already wide margins in the medium and long-term.
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Porphyry style mineral deposits are not well understood by investors and they are becoming more significant as a source of supply to meet the worlds increasing demand for metals.
Dart is optimally exposed through its three commercial strategies
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ASX:DTM
Strategies Update Lithium Market Observations
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Prices have improved having been in a slump for 12 months
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Hydroxide increasingly preferred over carbonate by battery manufacturers
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Environmental impacts causing brine development issues in Latin America
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Brine producers investing into hard rock operations
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Battery manufacturing capacity building out quicker that Lithium supply
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ASX:DTM
Tenement Status
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Tenement Area (km [2] )
Name Tenement Type Interest Location
Number Unless specified
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| Tenement Number |
Name | Tenement Type | Area (km2) Unless specified |
Interest | Location |
|---|---|---|---|---|---|
| EL5194 | Mt. Alfred | Exploration | 27 | 100% | NE Victoria |
| EL5315 | Mitta Mitta4 | Exploration | 195 | 100% | NE Victoria |
| EL006277 | Empress | Exploration | 221 | 100% | NE Victoria |
| EL006300 | Eskdale3 | Exploration | 245 | 100% | NE Victoria |
| EL006486 | Mt Creek | Exploration | 190 | 100% | NE Victoria |
| EL006764 | Cravensville | EL(Application) | ~170 | 100% | NE Victoria |
| EL006861 | Buckland | EL(Application) | ~414 | 100% | NE Victoria |
| EL006865 | Dart | EL(Application) | ~500 | 100% | NE Victoria |
| EL006866 | Cudgewa | EL(Application) | ~500 | 100% | NE Victoria |
| EL5468 | Upper Murray | Surrendered | 77 | 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 View2 | MiningLicense 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 October 2018.
NOTE 1: Unicorn Project area subject to a 2% NSR Royalty agreement with Osisko Gold Royalties Ltd 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
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ASX:DTM
Strategy & Prospectivity
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Lithium Prospects
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Eskdale Work Area – Li, Sn, Ta, Cs
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Glen Wills Work Area – Li, Sn, Ta, Cs
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Porphyry Prospects
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Mt Unicorn – Mo, Cu, Zn
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Mt Morgan – Mo, Ag, Sn, Au
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Empress – Cu, Au
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Copper Quarry – Cu
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Staceys – Au, Cu
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Gentle Annie – Cu, Au, Mo
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Gold Prospects
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Rushworth - Au
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Fairleys - Au
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Mt View - Au
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Sandy Creek - Au
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Onslow Reefs – Au
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Empress Lodes - Au
Each of these projects require specific geological focus across multiple Exploration, Mining, and Retention Leases
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ASX:DTM
Strategies Update Lithium Exploration – First Explorers
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Helicopter Surveys
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4 Phases completed to date
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30% of North Dorchap
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40% Glen Wills
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Systematic Focused Mapping / Geochemistry
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North Dorchap Target Areas
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South Dorchap Target Areas
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Glen Wills District
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ASX:DTM
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40km
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ASX:DTM
Strategies Update Lithium Exploration – Drill Targets
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North Dorchap Target Areas
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Boone’s
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Gosport
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Eagle
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South Dorchap Target Areas
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Hollow Track
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Glen Wills District
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Exploration underway
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ASX:DTM
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Strategies Update Lithium Exploration – LCT Dykes
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Petalite Crystal Mass - Boones
Fine Spodumene - Eagle
Petalite Crystals – Hollow Track
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ASX:DTM
Strategies Update Porphyries
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Unicorn Porphyry Retention License (RL) awaiting approval
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3 New EL Applications over highly prospective areas (2 awaiting priority)
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New Government Geophysics Dataset available 2019
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Growing demand for porphyry Joint Ventures with Majors
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Leverage 10 Years of Porphyry Exploration Experience in the North East
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ASX:DTM
Strategies Update Orogenic Gold
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Rushworth Work Plan for Trial Mining in preparation
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Establish average grade (bulk sample) in coarse gold environment
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Sandy Creek
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Initiate exploration for disseminated gold within altered Yabba Granite
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Fairleys Gold Project
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RL awaiting approval to commence resource expansion
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EL Application to secure entire Buckland Goldfield – awaiting priority
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Mountain View ML Expansion
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ML awaiting approval
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Resource base expansion drilling along 2km within geochemical anomalies planned
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Empress Gold Project
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3D Modelling of historic mining and past exploration
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High grade lode style target assessment
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ASX:DTM
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.
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.
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ASX:DTM