DART MINING NL — Call Transcript 2012

Oct 23, 2012

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ASX ANNOUNCEMENT

Dart Mining Scoping Study Release –Webinar Conference Call

24 October 2012

ASX Code: DTM

Investment Data

Shares on issue 182,937M Unlisted options 8.35M

Shareholders

Top 20 Hold 35 %

As Dart Mining NL (ASX:DTM) advances its Mo-Cu-Ag Unicorn porphyry project, it is pleased to invite shareholders, investors, analysts and other interested parties to participate in a webinar conference call on Wednesday 31 October 2012 at which Managing Director, Lindsay Ward, will present the scoping study results included as part of Dart Mining’s presentation released to ASX on 23 October 2012 . There will be a Q &A opportunity.

The webinar will be held on Wednesday, 31 October, 2012 commencing at: 11:30 am Melbourne time (AEDT) – 8:30am Perth time (AWDT) – 8:30pm (Tuesday 30 October 2012) New York time.

Scoping Study Highlights

Key Projects / Metals

• Unicorn Porphyry Mo-Cu-Ag

• Morgan Porphyry Mo-Ag-Au

• Mountain View Lode – Au

NPV (on a 100% equity basis): $255million - on initial 14-year mine life. Initial mine has strong potential to increase to 20 years

Production: 10Mtpa gives best financial result due to economies of scale

Pre-tax IRR: 27% at a discount rate of 10%

Mo – Molybdenum Cu – Copper Au – Gold Ag – Silver

Payback: less than 2.5 years

Cash cost: $3.58 / lb (net of credits) places Unicorn in lowest cost quartile

Cash positive at: $8 / lb Mo (net of credits)

Board & Management

Chairman

Capital cost: $304million with production targeted to commence mid-2016

Additional 6-year mine life could add approximately $50 to $70million NPV

Mr Chris Bain

Managing Director

Mr Lindsay Ward

Executive Director

Mr Dean Turnbull Manager – Exploration

Non-Executive Directors

Mr Stephen Poke Mr Richard Udovenya

Contact Details

Participation

To participate in the conference call, please click the following link now to register and receive instructions. On the day of the call please connect 5 minutes before the scheduled start time.

Registration URL: https://attendee.gotowebinar.com/register/6973580277138795776 Webinar ID: 101-557-035

The presentation material is available on Dart Mining’s corporate website (http://www.dartmining.com.au) and an archived version of the webinar will be available on its website shortly after completion.

Dart Mining NL Level 2 395 Collins Street Melbourne VIC 3000 Australia

Mr Lindsay Ward Phone: +61 (0)3 9621 1299 Email: lward@dartmining.com.au

Visit our webpage:

www.dartmining.com.au

About Dart Mining

Dart Mining NL (ASX:DTM) is a Melbourne based exploration and development company, which has discovered a new mineralized porphyry province in north east Victoria. The province hosts molybdenum (Mo), copper (Cu), silver (Ag), zinc (Zn), tin (Sn) and gold (Au) mineralization in porphyry igneous intrusions. It lies adjacent to the Gilmore suture with numerous intersecting splay faults. NSW is a proven host of world class porphyry mines associated with splay structures off the Gilmore Suture such as North Parkes, Cadia and Ridgeway, as is the Stockman Copper, Zinc, Silver and Gold VMS project, which is at an advanced stage of development and located in Victoria approximately 35 kilometers south of Dart Mining’s tenements. Currently the Measured, Indicated and Inferred Resource total’s 203 million tonnes at 0.06% MoEq1 at 0.04% MoEq cut off reported according to the JORC Code with potential for delineating additional mineralized material.

The Unicorn project is Dart Mining’s principal project. It is a molybdenum (Mo) + copper (Cu) + silver (Ag) Climax style porphyry that has similar geological characteristics to the world class Henderson primary Mo porphyry mine in Colorado, USA. Unicorn has a number of unique characteristics with its high-grade zones from surface and the deposit outcrops. It is about 20 kilometers from major National Electricity Market infrastructure (hydro generation, switchyards and transmission lines), has abundant water, road access direct to the deposit, an existing logistics chain links the deposit to overseas roasters and the project is strongly supported by the local Corryong community. The scoping study released earlier in October is a significant step in the advancement of the project

Dart Mining also has extensive tenement holdings in northeast Victoria that are largely underexplored with very strong potential for identifying additional mineralized porphyries. Specific exploration targets which are known to be mineralized include Morgan (Mo/Ag /Cu/Au), Mammoth (Cu/Ag/Au/Zn/Sn/Mo) and the Dart Pluton string (Au/Cu).

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