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DART MINING NL — AGM Information 2022
Nov 29, 2022
64792_rns_2022-11-29_f0e6cffb-d79b-4e6a-b03a-be5400158ce5.pdf
AGM Information
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The Mineral Riches of Northeast Victoria
Dart Mining Annual General Meeting
Wednesday 30[th] November 2022 11:00 AEST
Mr. James Chirnside – Chairman & Managing Director Dr. Ben Hines – Head of Exploration
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ASX:DTM
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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
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CORPORATE PROFILE
Corporate Metrics
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§ ASX Code - DTM
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§ Shares on Issue ~ 155.26m
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§ Options & Performance Rights on Issue ~ 28.36m
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§ Market Capitalisation @ $0.07 = ~A$10.86m
Management
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Ben Hines – Head of Exploration
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Michael Roberts – Finance & Administration
Service Providers
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Lowell Accounting Services - Accounting
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Morrows - Audit
Key Personnel
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James Chirnside – Chairman & Managing Director
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Carl Swensson – Non-Executive Director
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Resources Law International - Legal Advisors
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Biosis - Environment & Cultural Heritage
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ALS Limited, Gekko Systems - Lab Services
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Richard Udovenya – Non-Executive Director
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Julie Edwards – Company Secretary
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EXPLORATION LICENCES, FOOTPRINT & PROJECTS
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~5,000 km[2] tenement area
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Focus on NE and Eastern Victoria
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Experienced team experience in NE Victorian Geology
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Central Lachlan Fold Belt
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Silurian to Devonian magmatism (S & I type granites)
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Three orogenic events
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Diverse geological setting
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Orogenic Au
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Porphyry Cu-Au, Mo-Cu-Ag
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Li-Cs-Ta Pegmatites
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Exposure to precious, critical, and base metals
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Footprint includes:
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9 Historic Goldfields
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1,000 LCT Pegmatite dykes
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8 Au-Cu, Mo-Cu Porphyry Projects
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ASX:DTM
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TENEMENTS STATUS
| Tenement Number | Name | Tenement Type | Area (km2) Unless specified | Interest | Location | |
|---|---|---|---|---|---|---|
| MIN006619 | Mt View2 | Mining License | 224 Ha | 100% | NE Victoria | |
| EL5315 | Mitta Mitta4 | Exploration Licence | 148 | 100% | NE Victoria | |
| EL006016 | Rushworth4 | Exploration Licence | 32 | 100% | Central Victoria | |
| EL006277 | Empress | Exploration Licence | 87 | 100% | NE Victoria | |
| EL006300 | Eskdale3 | Exploration Licence | 96 | 100% | NE Victoria | |
| EL006486 | Mt Creek | Exploration Licence | 116 | 100% | NE Victoria | |
| EL006764 | Cravensville | Exploration Licence | 170 | 100% | NE Victoria | |
| EL006861 | Buckland | Exploration Licence | 414 | 100% | NE Victoria | |
| EL006994 | Wangara | Exploration Licence | 190 | 100% | Central Victoria | |
| EL007007 | Union | Exploration Licence | 3 | 100% | Central Victoria | |
| EL007008 | Buckland West | Exploration Licence | 344 | 100% | NE Victoria | |
| EL006865 | Dart | EL (Application) | 567 | 100% | NE Victoria | |
| EL006866 | Cudgewa | EL (Application) | 508 | 100% | NE Victoria | |
| EL007099 | Sandy Creek | Exploration Licence | 437 | 100% | NE Victoria | |
| EL007170 | Berringama | EL (Application) | 27 | 100% | NE Victoria | |
| EL007430 | Buchan | EL (Application) | 546 | 100% | Gippsland | |
| EL007435 | Goonerah | EL (Application) | 587 | 100% | Gippsland | |
| EL007425 | Deddick | EL (Application) | 341 | 100% | Gippsland | |
| EL007428 | Boebuck | EL (Application) |
355 | 100% | NE Victoria | |
| EL007426 | Walwa | EL (Application) | 499 | 100% | NE Victoria | |
| EL007754 | Tallandoon | EL (Application) | 88 | 100% | NE Victoria | |
| RL006615 | Fairley’s2 | Retention License | 340 Ha | 100% | NE Victoria | |
| RL006616 | Unicorn1&2 | Retention License | 23,243 Ha | 100% | NE Victoria | |
| EL9476 | Woomargama | Exploration Licence | 85 | 100% | New South Wales | |
| ELA6536 | Yambacoona | EL (Application) | 549 | 100% | New South Wales | |
| ELA6548 | Barellan | EL (Application) |
159 | 100% | New South Wales | |
All tenements remain in good standing as of 30th September 2022. |
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NOTE 1: Unicorn Project area subject to a 2% NSR Royalty Agreement with Osisko Gold Royalties Ltd dated 29 April 2013. |
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| NOTE 2: Areas subject to a 1.5% Founders NSR Royalty Agreement. | ||||||
NOTE 3: Areas are subject to a 1.0% NSR Royalty Agreement with Minvest Corporation Pty Ltd (See DTM ASX Release 1 June 2016). |
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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
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SUMMARY OF WORKS – Year to Date
Dorchap Lithium Pegmatites
- XRD identified dominant primary spodumene mineralisation
Granite Flat Cu-Au Porphyry
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Drill testing geophysical targets (1003m)
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Completion of soil survey (~5,030 samples)
Buckland Orogenic Gold
- Orientation soil survey across Shippens Gully area
Rushworth Orogenic Gold Project
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Reconnaissance sampling & structural mapping
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pXRF analysis of drill pulps – geochemical characterisation
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Regional soil geochemical sampling & testing
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SUMMARY OF WORKS – Year to Date cont.…
Land Management / Tenements
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Renewals
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New applications
Corporate Activities
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SQM Farm-in Joint Venture
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Other corporate engagement
Work Health & Safety
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WH&S officer appointment
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Review and implementation of procedures and reporting
Environment
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Remediation of historic workings
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Drill hole remediation program following heavy rains & scouring
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Conversion of exploration camp to solar power
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Steel core trays replaced with recycled plastic core trays
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DORCHAP LITHIUM PROJECT - Profile
Location
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Situated in the Dorchap Range, between Eskdale & Glen Wills
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Historic tin mining district
Style
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Pegmatite hosted Lithium-Caesium-Tantalum (LCT) mineralisation
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Spodumene & Petalite mineralisation, with localised lepidolite & amblygonite
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Exposure is often poor or obscured by heavy vegetation
Scale
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20x12km zone of highly-fractionated pegmatites identified from surface sampling
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1,000 LCT pegmatite dykes across the dyke swarm
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Multiple Li mineralised pegmatite dykes identified, with Li hosted primarily by spodumene
Results Highlights
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10m @ 1.38% Li2O (rockchip sampling)
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10m @ 1.22% Li2O (rockchip sampling)
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10m @ 0.95% Li2O & 20m @ 0.33% Li2O (Eagle Dyke, channel sampling)
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16m @ 0.32% Li2O, (Bluejacket Dyke, rock-chip sampling)
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20m @ 0.332% Li2O from 2m, including 2m @ 1.16% Li2O (drilling)
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DORCHAP LITHIUM PROJECT - Mineralogy
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XRD shows spodumene dominant
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DORCHAP LITHIUM - LiDAR
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N
Dyke
Dyke
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DORCHAP LITHIUM – LiDAR cont…..
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340m x 50m x 15m
290m x 30m x 20m
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GRANITE FLAT Cu-Au PROJECT- Profile
Location
- Situated adjacent to the Omeo Highway, between Mitta Mitta & Glen Wills
Scale
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1.8x 2.4km soil Cu-Au footprint, additional anomalies open in all directions
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Significant remanent magnetism anomalies identified north of project footprint
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IP chargeability and resistivity anomalies identified across 1.5 × 2.0km footprint
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Significant intervals of Cu-Au mineralisation intersected up to 180m below surface
Style
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Two mineralisation styles identified:
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Intrusion-related Cu-Au – long intervals of low-grade Cu-Au
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Hydrothermal overprint – Narrow silica-sulphide veins of high-grade Au-Cu-Ag ± Pb, Zn
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Results Highlights
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Gold
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19m @ 9.39 g/t Au, including 3m @41.1 g/t from 28m
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4m @3.23 g/t Au, including 1m @ 7.84 g/t from 15m
Copper
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19m @ 0.61% Cu, including 3m @ 1.52%
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28m @ 0.35% Cu, including 9m @ 0.73% from 7m
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40m @ 0.11%m Cu including 19m @ 0.18% Cu from 35m
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138m @ 0.09% Cu from surface (entire hole)
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111m @ 0.07% Cu from surface
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GRANITE FLAT Cu-Au PROJECT - Diamond Drilling
Low-grade targets, long intercepts
- Dominantly shallow drilling
Dart completed:
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2381m Diamond drilling completed (13 holes; 2022)
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1280m deep diamond drilling targeting geophysical targets
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Deepest hole on the project - 429m (Feb 2022)
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937m targeting shallow epithermal overprint (8 holes)
Recent geophysical survey shows large anomalies at 200-400m below surface
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None of the geophysical anomalies identified have ever been drilled - until now
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First phase drilling of geophysical targets completed
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GRANITE FLAT Cu-Au PROJECT – Soil Geochemistry Survey
Regional soil grid completed
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50x50m sample resolution
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4x4km area sampled
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5030 samples collected and analysed
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Subset (100x100m grid) analysed for soil gold
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Peak results 0.32% Cu & 3.1 g/t Au
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Largest anomaly spans 1.8x2.4km
In addition
- Several additional anomalies identified, including As and Pb outside of primary Cu-Au anomalies
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GRANITE FLAT Cu-Au PROJECT – Rock chip sampling
Surface rock chip sampling
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Surface sampling has followed up on historic workings identified in LiDAR
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Epithermal overprint - distinct geochemistry; narrow, highgrade minerlaisation
Several mineralisation trends identified
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Future exploration targets
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Peak results include: 27.9g/t Au, 6.65% Cu, 49 g/t Ag
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Proposed Work Schedule 2023
Flagship Projects
Dorchap Lithium Li
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Surface sampling program
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Low impact diamond drilling
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Standard work plans targeting key prospects
Granite Flat Cu-Au
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RC drilling – bulk tonnage target
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Diamond Drilling – high-grade targets
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Geophysics interpretation & review
Other Projects
Rushworth Au
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LiDAR acquisition
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Bulk sample composition & analysis
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Completion of soil survey
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Identification of drill targets
Sandy Creek Au
- Diamond drilling of selected deeper targets
Buckland Valley Au
- Diamond drilling north of Fairley’s ridge
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SUMMARY
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Exceptional and commanding tenement position in a highly prospective under-explored region
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Renewable energy transition underpinning demand for entire metals complex and many of these critical minerals are represented within Dart’s exploration portfolio
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Constructive long-term price fundamentals including low inventories, Covid-19 and Ukraine war related supply constraints
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Geolocation of projects increasingly important to avoid unreliable supply dependencies
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DTM is cheap vs. peers and has higher levels of prospectivity
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Well funded with very supportive long-term shareholders
DTM is a responsible, low cost, self-reliant explorer that with a systematic and focussed exploration approach
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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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