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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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CORPORATE PROFILE

Corporate Metrics

  • § ASX Code - DTM

  • § Shares on Issue ~ 155.26m

  • § Options & Performance Rights on Issue ~ 28.36m

  • § Market Capitalisation @ $0.07 = ~A$10.86m

Management

  • Ben Hines – Head of Exploration

  • Michael Roberts – Finance & Administration

Service Providers

  • Lowell Accounting Services - Accounting

  • Morrows - Audit

Key Personnel

  • James Chirnside – Chairman & Managing Director

  • Carl Swensson – Non-Executive Director

  • Resources Law International - Legal Advisors

  • Biosis - Environment & Cultural Heritage

  • ALS Limited, Gekko Systems - Lab Services

  • Richard Udovenya – Non-Executive Director

  • Julie Edwards – Company Secretary

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EXPLORATION LICENCES, FOOTPRINT & PROJECTS

  • ~5,000 km[2] tenement area

  • Focus on NE and Eastern Victoria

  • Experienced team experience in NE Victorian Geology

  • Central Lachlan Fold Belt

  • Silurian to Devonian magmatism (S & I type granites)

  • Three orogenic events

  • Diverse geological setting

  • Orogenic Au

  • Porphyry Cu-Au, Mo-Cu-Ag

  • Li-Cs-Ta Pegmatites

  • Exposure to precious, critical, and base metals

  • Footprint includes:

  • 9 Historic Goldfields

  • 1,000 LCT Pegmatite dykes

  • 8 Au-Cu, Mo-Cu Porphyry Projects

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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.

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 are 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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SUMMARY OF WORKS – Year to Date

Dorchap Lithium Pegmatites

  • XRD identified dominant primary spodumene mineralisation

Granite Flat Cu-Au Porphyry

  • Drill testing geophysical targets (1003m)

  • 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

  • pXRF analysis of drill pulps – geochemical characterisation

  • Regional soil geochemical sampling & testing

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SUMMARY OF WORKS – Year to Date cont.…

Land Management / Tenements

  • Renewals

  • New applications

Corporate Activities

  • SQM Farm-in Joint Venture

  • Other corporate engagement

Work Health & Safety

  • WH&S officer appointment

  • Review and implementation of procedures and reporting

Environment

  • Remediation of historic workings

  • Drill hole remediation program following heavy rains & scouring

  • Conversion of exploration camp to solar power

  • Steel core trays replaced with recycled plastic core trays

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DORCHAP LITHIUM PROJECT - Profile

Location

  • Situated in the Dorchap Range, between Eskdale & Glen Wills

  • Historic tin mining district

Style

  • Pegmatite hosted Lithium-Caesium-Tantalum (LCT) mineralisation

  • Spodumene & Petalite mineralisation, with localised lepidolite & amblygonite

  • Exposure is often poor or obscured by heavy vegetation

Scale

  • 20x12km zone of highly-fractionated pegmatites identified from surface sampling

  • 1,000 LCT pegmatite dykes across the dyke swarm

  • Multiple Li mineralised pegmatite dykes identified, with Li hosted primarily by spodumene

Results Highlights

  • 10m @ 1.38% Li2O (rockchip sampling)

  • 10m @ 1.22% Li2O (rockchip sampling)

  • 10m @ 0.95% Li2O & 20m @ 0.33% Li2O (Eagle Dyke, channel sampling)

  • 16m @ 0.32% Li2O, (Bluejacket Dyke, rock-chip sampling)

  • 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

  • 1.8x 2.4km soil Cu-Au footprint, additional anomalies open in all directions

  • Significant remanent magnetism anomalies identified north of project footprint

  • IP chargeability and resistivity anomalies identified across 1.5 × 2.0km footprint

  • Significant intervals of Cu-Au mineralisation intersected up to 180m below surface

Style

  • Two mineralisation styles identified:

  • Intrusion-related Cu-Au – long intervals of low-grade Cu-Au

  • Hydrothermal overprint – Narrow silica-sulphide veins of high-grade Au-Cu-Ag ± Pb, Zn

  • Results Highlights

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Gold

  • 19m @ 9.39 g/t Au, including 3m @41.1 g/t from 28m

  • 4m @3.23 g/t Au, including 1m @ 7.84 g/t from 15m

Copper

  • 19m @ 0.61% Cu, including 3m @ 1.52%

  • 28m @ 0.35% Cu, including 9m @ 0.73% from 7m

  • 40m @ 0.11%m Cu including 19m @ 0.18% Cu from 35m

  • 138m @ 0.09% Cu from surface (entire hole)

  • 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:

  • 2381m Diamond drilling completed (13 holes; 2022)

  • 1280m deep diamond drilling targeting geophysical targets

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  • Deepest hole on the project - 429m (Feb 2022)

  • 937m targeting shallow epithermal overprint (8 holes)

Recent geophysical survey shows large anomalies at 200-400m below surface

  • None of the geophysical anomalies identified have ever been drilled - until now

  • First phase drilling of geophysical targets completed

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GRANITE FLAT Cu-Au PROJECT – Soil Geochemistry Survey

Regional soil grid completed

  • 50x50m sample resolution

  • 4x4km area sampled

  • 5030 samples collected and analysed

  • Subset (100x100m grid) analysed for soil gold

  • Peak results 0.32% Cu & 3.1 g/t Au

  • 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

  • Surface sampling has followed up on historic workings identified in LiDAR

  • Epithermal overprint - distinct geochemistry; narrow, highgrade minerlaisation

Several mineralisation trends identified

  • Future exploration targets

  • 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

  • Surface sampling program

  • Low impact diamond drilling

  • Standard work plans targeting key prospects

Granite Flat Cu-Au

  • RC drilling – bulk tonnage target

  • Diamond Drilling – high-grade targets

  • Geophysics interpretation & review

Other Projects

Rushworth Au

  • LiDAR acquisition

  • Bulk sample composition & analysis

  • Completion of soil survey

  • 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

  • Exceptional and commanding tenement position in a highly prospective under-explored region

  • Renewable energy transition underpinning demand for entire metals complex and many of these critical minerals are represented within Dart’s exploration portfolio

  • Constructive long-term price fundamentals including low inventories, Covid-19 and Ukraine war related supply constraints

  • Geolocation of projects increasingly important to avoid unreliable supply dependencies

  • DTM is cheap vs. peers and has higher levels of prospectivity

  • 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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