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DART MINING NL — Capital/Financing Update 2018
May 9, 2018
64792_rns_2018-05-09_917e718d-18d2-40d4-aed5-d9c828c8955c.pdf
Capital/Financing Update
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ASX Release
10 May, 2018
LITHIUM EXPLORATION UPDATE
SIGNIFICANT LITHIUM MINERALISATION DISCOVERED IN PEGMATITES OF THE MOUNT DORCHAP RANGE, VICTORIA
Highlights
-
Ground follow-up of multiple targets defined by a first phase helicopter survey has discovered lithium-mineralised pegmatites;
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A second phase helicopter survey has recently been completed producing additional targets for follow-up;
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Boots-on-the-ground follow-up shows some pegmatite dykes contain abundant, coarsegrained petalite (LiAlSi4O10), a common lithium ore mineral;
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Significant rock chip assays of pegmatite dykes include:
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Sample ESK013: 2.37 % Li2O ( Dorchap North )
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Sample ESK047: 1.04 % Li2O ( Dorchap South )
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Sample ESK011: 0.88 % Li2O ( Dorchap North )
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Planned work includes:
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Continued ground follow-up of the numerous targets defined by the helicopter surveys.
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Upgrading tracks in the rugged, heavily vegetated terrain to provide better access to many targets for examination and possible drill testing;
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Detailed geological mapping to define the size of the mineralised pegmatites, and extensive rock-chip sampling to define grade variations preparatory to drill testing.
Almost two years ago, Dart Mining N L (Dart) adopted a strategy to explore the regionally extensive Dorchap Dyke Swarm in eastern Victoria primarily for lithium, with tin and tantalum being secondary target commodities. The Dyke Swarm consists of thousands of dykes of variable composition and size and extends for approximately 60 kilometres from Glen Wills to north of Eskdale. Importantly, many of the dykes are pegmatites that potentially contain lithium-bearing minerals.
Dart, the first company to explore the Dorchap Dyke Swarm for lithium, has achieved a significant exploration breakthrough in recent times.
Dart Mining NL ABN 84 119 904 880 PO Box 141 Corryong, Victoria 3707 Australia
Phone: +61 (0)2 6076 2336 | Email: [email protected] | www.dartmining.com.au
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Since Dart’s last exploration update, (ASX:DTM 20 March 2018) field exploration has focused on pegmatite dyke targets in the Mount Dorchap target area. The strategy of focussing on large-scale pegmatite targets visually identified from the helicopter survey has provided excellent vectoring towards the pegmatite bodies. Subsequent boots-on-the-ground examinations, geochemical sampling and mineralogical testing of multiple pegmatites outcrops have led to the discovery of pegmatites containing coarse-grained petalite (Figure 1). Petalite (LiAlSi4O10) is commonly mined as a lithium ore. This development significantly upgrades the potential of the target area.
Lithium ore mineral identification
Mineralogical testing involved the analysis of selectively sampled single large crystals of the type shown in Figures 1a and 1b. X-ray diffraction (XRD) coupled with optical microscopy was used to positively identify mineral phases. Results demonstrate abundant phases of the lithium ore mineral petalite (LiAlSi4O10) to be present. Elsewhere in the world, petalite is contained in many lithium pegmatite ore bodies commonly associated with spodumene. Considerable further testing will be necessary before the mineralogical characteristics of the target pegmatites are adequately understood. Dart has previously announced (ASX:DTM 3 April 2017) that it had identified spodumene within multiple dykes by X-ray diffraction (XRD) and petrological examination.
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a b
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Figure 1a: Pegmatite dyke with large petalite crystals (approx. 14X7 cm). Figure 1b: Pegmatite dyke hosting a 30x10 cm petalite crystal.
Dart Mining NL ABN 84 119 904 880 PO Box 141 Corryong, Victoria 3707 Australia Phone: +61 (0)2 6076 2336 | Email: [email protected] | www.dartmining.com.au
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Geochemical sampling
Many pegmatites dykes examined recently are 15-30+ m wide generally with strike lengths yet to be determined. Several dykes are known to be more than 500m long, but detailed mapping will be necessary to determine dyke lengths and widths in the heavily vegetated terrain. Due to the substantial widths of the dykes, composite sampling was conducted across the dykes. At present, exploration is focussed on the northern part of EL5315 (Figure 2) where the highest values of lithium have been observed. Although significant work has been undertaken to locate and sample numerous pegmatites in a preliminary fashion, there is still much work to be done before spatial and chemical trends can be defined. Highlights from the recent sampling program are included in Table 1 and full results and locations are listed in Table 2. The highest value was observed from sample ESK013 (2.37 % Li2O) and is shown as the large red dot in Figure 2, within the Dorchap North zone; it is a priority area for further investigation. The second-highest value from the recent program is sample ESK047 (1.04 % Li2O) from a pegmatite located 17.5 km south-east of the location of ESK013. This yields a new area of interest (Dorchap South) and will be investigated further in due course.
Table 1: Samples from Mount Dorchap demonstrating significant lithium mineralisation .
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Sample ID Li2O % []
ESK013 2.37
ESK047 1.04
ESK011 0.88
ESK044 0.20
ESK011
ESK044
ESK013
ESK047
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Figure 2: Satellite imagery showing the location and magnitude of recent rock chip samples with respect to concentrations of Li2O %. Note the distribution of lithium in pegmatite dykes within the Mount Dorchap Range area respective to Dart Mining’s exploration licenses. The dyke data was obtained by government geological survey datasets and should not be considered comprehensive for the area. Note defined trend of known dykes that occur within Dart Mining’s License areas.
Dart Mining NL ABN 84 119 904 880 PO Box 141 Corryong, Victoria 3707 Australia Phone: +61 (0)2 6076 2336 | Email: [email protected] | www.dartmining.com.au
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Second phase helicopter survey
Given the success of the initial helicopter survey, a second survey was recently undertaken. Again, this has provided the ground exploration team with additional targets for follow-up (Figure 3). It is anticipated that continued ground follow-up and sampling of these targets will generate better vectors to significant lithium mineralisation. In particular, it may provide information on how the compositions of the pegmatites vary with depth.
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Figure 3: Satellite imagery showing data points for ground follow-up and geochemical sampling. Phase one targets (green) phase two targets (red).
Dart’s Managing Director, James Chirnside, commented: “We are very encouraged by the discovery of coarse petalite, an important lithium ore mineral, in pegmatites of the Dorchap Dyke Swarm, as it indicates that Dart now has a major and exciting exploration program on its hands. I believe that pegmatites hosting coarse petalite of the type we have found have never been seen in Victoria previously. We fortunately have a huge land position, but importantly our recent discoveries have provided the necessary focus within this large area for detailed exploration. An expanded and accelerated exploration program is definitely warranted and we expect to drill test multiple targets in coming months.”
Dart Mining NL ABN 84 119 904 880 PO Box 141 Corryong, Victoria 3707 Australia Phone: +61 (0)2 6076 2336 | Email: [email protected] | www.dartmining.com.au
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ATTRIBUTION: Competent Person’s Statement
The information in this report that relates to Exploration Results is based on information reviewed by Chris Bain B App Sc (Geol), a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Bain is an independent consultant. Mr Bain has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a competent person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Bain consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
James Chirnside,
Managing Director
FORWARD-LOOKING STATEMENTS
This document may contain certain forward-looking statements which have not been based solely on historical facts but rather on Dart’s expectations about future events and on a number of assumptions which are subject to significant risks, uncertainties and contingencies many of which are outside the control of Dart and its directors, officers and advisers. Forward-looking statements include, but are not necessarily limited to, statements concerning Dart’s planned exploration program, strategies and objectives of management, anticipated dates and expected costs or outputs. When used in this document, words such as “could”, “plan”, “estimate” “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward-looking statements. Due care and attention has been taken in the preparation of this document and although Dart believes that its expectations reflected in any forward-looking statements made in this document are reasonable, no assurance can be given that actual results will be consistent with these forward-looking statements. This document should not be relied upon as providing any recommendation or forecast by Dart or its directors, officers or advisers. To the fullest extent permitted by law, no liability, however arising, will be accepted by Dart or its directors, officers or advisers, as a result of any reliance upon any forward-looking statement contained in this document
Dart Mining NL ABN 84 119 904 880 PO Box 141 Corryong, Victoria 3707 Australia
Phone: +61 (0)2 6076 2336 | Email: [email protected] | www.dartmining.com.au
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Table 2: Assay results and locations for rock chip samples from the Mount Dorchap project area.
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Sample ID Tenement East North Field Li Nb Sn Ta Li2O Method
term (ppm) (ppm) (ppm) (ppm) (%)
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| ESK001 EL5315 524244 5959606 |
pegmatite 22 68 100 26.5 0.00 ICP003 |
|---|---|
| ESK002 EL006300 522095 5960822 |
pegmatite 63 29 46 10.5 0.01 ICP003 |
| ESK003 EL006300 521731 5961289 |
pegmatite 55 11 30 3.5 0.01 ICP003 |
| ESK004 EL5315 523840 5959722 |
pegmatite 72 59 98 31 0.02 ICP003 |
| ESK005 EL5315 524244 5959784 |
pegmatite 43 50 84.5 16.5 0.01 ICP003 |
| ESK006 EL006300 520883 5967717 |
pegmatite 61 78 427 59 0.01 ICP003 |
| ESK007 EL006300 518809 5965729 |
pegmatite 54 9 26.5 3.5 0.01 ICP003 |
| ESK008 EL006300 517204 5962141 |
pegmatite 17 36 47 14.5 0.00 ICP003 |
| ESK010 EL5315 510041 5960112 |
pegmatite 32 25 41 11 0.01 ICP003 |
| ESK011 EL5315 524473 5957937 |
pegmatite 4066 29 105 23 0.88 ICP003 |
| ESK012 EL5315 524467 5957303 |
pegmatite 42 36 102.5 23 0.01 ICP003 |
| ESK013 EL5315 523704 5957416 |
pegmatite 11020 93 62.5 43 2.37 ICP003 |
| ESK014 EL5315 523748 5957106 |
pegmatite 61 48 81 13.5 0.01 ICP003 |
| ESK015 EL006300 514858 5975079 |
pegmatite 90 10 13 <1 0.02 ICP004 |
| ESK016 519223 5977373 |
pegmatite 20 25 63 20 0.00 ICP004 |
| ESK019 EL006300 522823 5957401 |
pegmatite 160 60 89 25 0.03 ICP004 |
| ESK020 EL006300 522816 5957381 |
pegmatite 140 55 90 24 0.03 ICP004 |
| ESK021 EL006300 522823 5957371 |
pegmatite 160 30 90 9 0.03 ICP004 |
| ESK022 EL006300 522800 5957334 |
pegmatite 90 80 113 28 0.02 ICP004 |
| ESK023 EL5315 523268 5957146 |
pegmatite 20 55 70 19 0.00 ICP004 |
| ESK024 EL5315 523181 5957174 |
pegmatite 120 45 2839 24 0.03 ICP004 |
| ESK025 EL006300 522863 5957199 |
pegmatite 60 60 108 26 0.01 ICP004 |
| ESK026 EL006300 522812 5957173 |
pegmatite 30 70 175 30 0.01 ICP004 |
| ESK027 EL006300 522768 5957159 |
pegmatite 80 50 144 33 0.02 ICP004 |
| ESK028 EL006300 521913 5957634 |
pegmatite 80 60 59 46 0.02 ICP004 |
| ESK029 EL006300 521736 5957928 |
pegmatite 90 25 48 9 0.02 ICP004 |
| ESK030 EL5315 523932 5958232 |
pegmatite 40 75 119 56 0.01 ICP004 |
| ESK031 EL5315 523259 5957423 |
pegmatite 110 60 72 18 0.02 ICP004 |
| ESK032 EL5315 523276 5957476 |
pegmatite 270 70 68 17 0.06 ICP004 |
| ESK033 EL5315 523151 5957731 |
pegmatite 150 30 143 18 0.03 ICP004 |
| ESK034 EL5315 523131 5957735 |
pegmatite 210 50 87 19 0.05 ICP004 |
| ESK035 EL5315 523117 5957647 |
pegmatite 420 65 83 12 0.09 ICP004 |
| ESK036 EL5315 523271 5957868 |
pegmatite 50 45 99 12 0.01 ICP004 |
| ESK037 EL5315 523402 5957819 |
pegmatite 60 165 7492 209 0.01 ICP004 |
| ESK038 EL5315 523432 5957757 |
pegmatite 10 90 75 28 0.00 ICP004 |
| ESK039 EL5315 523212 5957654 |
pegmatite 100 50 98 23 0.02 ICP004 |
| ESK040 EL5315 523126 5957483 |
pegmatite 30 35 64 20 0.01 ICP004 |
| ESK041 EL006300 522812 5957594 |
pegmatite 240 30 163 15 0.05 ICP004 |
| ESK042 EL006300 522804 5957555 |
pegmatite 130 60 1071 109 0.03 ICP004 |
| ESK043 EL006300 522870 5957504 |
pegmatite 70 45 147 37 0.02 ICP004 |
| ESK044 EL5315 524473 5957937 |
pegmatite 910 55 202 51 0.20 ICP004 |
| ESK045 EL5315 524473 5957938 |
pegmatite 170 55 422 48 0.04 ICP004 |
| ESK046 EL5315 524473 5957939 |
pegmatite 190 50 69 46 0.04 ICP004 |
| ESK047 EL006486 534256 5943478 |
pegmatite 4850 110 757 111 1.04 ICP004 |
| ESK048 EL5315 533991 5942772 |
pegmatite 70 75 112 32 0.02 ICP004 |
| ESK049 EL5315 533991 5942773 |
pegmatite 80 65 147 24 0.02 ICP004 |
| ESK051 EL5058 555023 5974215 |
pegmatite 20 10 21 5 0.00 ICP004 |
| ICP003* LLD** 1 1 0.5 0.5 N/A |
|
| ICP004* LLD** 10 5 1 1 N/A |
*Denotes lower limit of detection (LLD) for each laboratory method, respective to elements listed in Table 2.
Dart Mining NL ABN 84 119 904 880 PO Box 141 Corryong, Victoria 3707 Australia Phone: +61 (0)2 6076 2336 | Email: [email protected] | www.dartmining.com.au
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Table 1 - Section 1 Sampling Techniques and Data for the Mount Dorchap Lithium Project
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Criteria JORC Code explanation Commentary
Sampling Nature and quality of sampling 47 rock chip samples (Table 2) described
techniques (eg cut channels, random chips, or in this report were submitted for whole rock assay
specific specialised industry standard between the periods of April and March, 2018.
measurement tools appropriate to the
minerals under investigation, such as
down hole gamma sondes, or handheld
XRF instruments, etc). These examples
should not be taken as limiting the broad
meaning of sampling.
Include reference to measures Samples were obtained from pegmatite
taken to ensure sample representivity dyke outcrops and were georeferenced utilising a
and the appropriate calibration of any handheld GPS. Coordinates are in GDA94 UTM
measurement tools or systems used. format.
Aspects of the determination of Digital photographs were taken of outcrop
mineralisation that are Material to the locations. Notes were recorded in the field
Public Report. highlighting specifics, such as; weathering,
alteration, and mineral composition.
In cases where ‘industry Samples were submitted to Nagrom in
standard’ work has been done this would Perth, where they were latter dried, crushed,
be relatively simple (eg ‘reverse pulverised and analysed for a suite of elements via
circulation drilling was used to obtain 1 four acid digest or peroxide fusion for ICP-MS or
m samples from which 3 kg was ICP-OES. In the case of pegmatite dykes samples
pulverised to produce a 30 g charge for were taken as a composite across the width of the
fire assay’). In other cases more tabular body as to obtain a more representative
explanation may be required, such as sample from each location.
where there is coarse gold that has
inherent sampling problems. Unusual
commodities or mineralisation types (eg
submarine nodules) may warrant
disclosure of detailed information.
Drilling Drill type (eg core, reverse Not applicable – no drilling conducted
techniques circulation, open-hole hammer, rotary air
blast, auger, Bangka, sonic, etc) and
details (eg core diameter, triple or
standard tube, depth of diamond tails,
face-sampling bit or other type, whether
core is oriented and if so, by what
method, etc).
Drill sample Method of recording and Not applicable – no drilling conducted.
recovery assessing core and chip sample
recoveries and results assessed.
Measures taken to maximise Not applicable – no drilling conducted.
sample recovery and ensure
representative nature of the samples.
Whether a relationship exists Not applicable – no drilling conducted.
between sample recovery and grade
and whether sample bias may have
occurred due to preferential loss/gain of
fine/coarse material.
Logging Whether core and chip samples Rock chip samples were examined at the
have been geologically and outcrop and fresh hand sample macro scale,
geotechnically logged to a level of detail lithology and associated mineralogy were noted.
to support appropriate Mineral Resource
estimation, mining studies and
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Criteria JORC Code explanation Commentary
metallurgical studies. Logging is qualitative only.
Whether logging is qualitative or
quantitative in nature. Core (or costean,
channel, etc) photography. Not applicable – no drilling conducted.
The total length and percentage
of the relevant intersections logged.
Sub-sampling If core, whether cut or sawn and No subsampling or sieving was conducted
techniques whether quarter, half or all core taken. in the field. The sample in its entirety was submitted
and sample to the laboratory and all sample preparation was
preparation conducted in-house (at the laboratory).
If non-core, whether riffled, tube All samples were collected dry, by hand.
sampled, rotary split, etc and whether
sampled wet or dry.
For all sample types, the nature, All sample preparation was performed at
quality and appropriateness of the the laboratory and is considered appropriate and to
sample preparation technique. industry standard, to the best of our knowledge.
Quality control procedures Laboratory standards and
adopted for all sub-sampling stages to repetition/duplicate splits.
maximise representivity of samples.
Measures taken to ensure that No field duplicates were taken.
the sampling is representative of the
insitu material collected, including for
instance results for field
duplicate/second-half sampling.
Whether sample sizes are Samples are considered of adequate size
appropriate to the grain size of the for the grain size of the material being sampled.
material being sampled.
Quality of The nature, quality and The assaying is industry standard in quality
assay data appropriateness of the assaying and and appropriate for the objectives of the sample
and laboratory procedures used and whether set. Laboratory QA/QC involved the used of
laboratory the technique is considered partial or internal standards including certified reference
tests total. material, splits and duplicates.
For geophysical tools, XRD for mineral ID was conducted using a
spectrometers, handheld XRF PanAlytical X’Pert Pro diffractometer at Federation
instruments, etc, the parameters used in University from the samples supplied after fine
determining the analysis including milling, equipped with an incident beam BBHD Co
instrument make and model, reading Kα monochromator and an X’Celerator linear
times, calibrations factors applied and detector, operated at 40kV and 25 mA over 5-80°
their derivation, etc. from 2θ with a step size of 0.017° at a rate of 0.08
per second. Phase identification was achieved via
computer assisted search-match of the ICDD
PDF4 Minerals sub-file and quantitation carried out
using SiroQuant software and validated with
HighScore Plus.
Nature of quality control No control procedures or external checks
procedures adopted (eg standards, carried out. Laboratory QA/QC involves the use of
blanks, duplicates, external laboratory internal lab standards using certified reference
checks) and whether acceptable levels material, splits and duplicates.
of accuracy (ie lack of bias) and
precision have been established.
Verification of The verification of significant Not applicable – no drilling conducted.
sampling and intersections by either independent or
assaying alternative company personnel.
The use of twinned holes. Not applicable – no drilling conducted.
Documentation of primary data, Not applicable – no drilling conducted.
data entry procedures, data verification,
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Criteria JORC Code explanation Commentary
data storage (physical and electronic)
protocols.
Discuss any adjustment to Not applicable – no drilling conducted.
assay data.
Location of Accuracy and quality of surveys Samples were geolocated using a
data points used to locate drill holes (collar and handheld GPS.
down-hole surveys), trenches, mine
workings and other locations used in
Mineral Resource estimation.
Specification of the grid system GDA94.
used. No topographic control used.
Quality and adequacy of
topographic control.
Data spacing Data spacing for reporting of Samples are irregularly spaces but are
and Exploration Results. based on ground follow-up derived from a
distribution helicopter survey which visually identified large
scale outcrops from the air.
Whether the data spacing and Not applicable – no resource or reserve is
distribution is sufficient to establish the contained in this report, nor drilling conducted.
degree of geological and grade
continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications applied.
Whether sample compositing
has been applied. Composites were taken at outcrop scale
across the width of pegmatite dykes. This was
conducted to avoid spikes in any potential zonation
within tabular bodies known to occur in styles of
mineralisation of this nature.
Orientation of Whether the orientation of Sampling is at a very early stage in
data in sampling achieves unbiased sampling of exploration however given nature of pegmatite
relation to possible structures and the extent to dykes in relation to zonation sampling was
geological which this is known, considering the conducted in a composite nature across the width
structure deposit type. of dyke outcrops. The practice is noted in this
If the relationship between the report.
drilling orientation and the orientation of Not applicable – no drilling conducted.
key mineralised structures is considered
to have introduced a sampling bias, this
should be assessed and reported if
material.
Sample The measures taken to ensure All samples were collected and, bagged
security sample security. and transported to the freight company by Dart
Mining staff. Samples were then forwarded for
delivery to the laboratory in Perth. Detailed records
are kept of all samples that are dispatched,
including details of chain of custody.
Audits or The results of any audits or Data is validated when updated and
reviews reviews of sampling techniques and loaded into the database. No formal external audit
data. has been conducted.
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Section 2 Reporting of Exploration Results
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Mineral tenement and land tenure status |
Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. |
Samples (Table 2) are taken from ELs 006300, 0064846, and 5058 are 100 % holdings of Dart Mining NL (Dart Mining). EL, 5315 is held by Mt. Unicorn Holdings Pty Ltd whose parent company is Dart Mining 100 %. Tenure is current and approved. |
| Exploration done by other parties |
Acknowledgment and appraisal of exploration by other parties. |
Limited exploration activity has been conducted over the area defined by rock chips in this report. Regional mapping and interpretation has been conducted by the geological survey to produce dyke pegmatite spatial data acknowledged and presented in this report. |
| Geology | Deposit type, geological setting and style of mineralisation. |
The sampling targets are lithium minerals hosted in pegmatite dykes. |
| Drill hole Information |
A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: oeasting and northing of the drill hole collar oelevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar odip and azimuth of the hole odown hole length and interception depth ohole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. |
Not applicable – no drilling details contained in this report. Not applicable – no drilling conducted. |
| Data | In reporting Exploration Results, |
No averaging or aggregation techniques |
| aggregation | weighting averaging techniques, |
were used. No cut-offs or metal equivalent values |
| methods | maximum and/or minimum grade |
have been used in this report. |
| truncations (eg cutting of high grades) | ||
| and cut-off grades are usually Material | ||
| and should be stated. | ||
| Where aggregate intercepts |
||
| incorporate short lengths of high grade | Not applicable – no drilling conducted. |
|
| results and longer lengths of low grade | ||
| results, the procedure used for such | ||
| aggregation should be stated and some | ||
| typical examples of such aggregations |
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Criteria JORC Code explanation Commentary
should be shown in detail.
The assumptions used for any
reporting of metal equivalent values
should be clearly stated. Not applicable – no metal equivalent
values have been used in this report.
Relationship These relationships are Not applicable – no drilling conducted.
between particularly important in the reporting of
mineralisation Exploration Results.
widths and If the geometry of the Not applicable – no drilling conducted.
intercept mineralisation with respect to the drill
lengths hole angle is known, its nature should be
reported. Not applicable – no drilling conducted.
If it is not known and only the
down hole lengths are reported, there
should be a clear statement to this effect
(eg ‘down hole length, true width not
known’).
Diagrams Appropriate maps and sections Locations of samples (Fig. 2) are shown
(with scales) and tabulations of in plan view maps with appropriate scales.
intercepts should be included for any Addition positional data is provided in table two.
significant discovery being reported
These should include, but not be limited
to a plan view of drill hole collar locations
and appropriate sectional views.
Balanced Where comprehensive reporting Assays (Table 2) are presented in this
reporting of all Exploration Results is not report of all samples located within the reporting
practicable, representative reporting of entity’s exploration leases.
both low and high grades and/or widths
should be practiced to avoid misleading
reporting of Exploration Results.
Other Other exploration data, if Ground observations and historical data
substantive meaningful and material, should be do not show evidence of and previous drilling or
exploration reported including (but not limited to): reported results.
data geological observations; geophysical
survey results; geochemical survey
results; bulk samples – size and method
of treatment; metallurgical test results;
bulk density, groundwater, geotechnical
and rock characteristics; potential
deleterious or contaminating
substances.
Further work The nature and scale of planned Forward intentions include additional
further work (eg tests for lateral geological mapping and sampling.
extensions or depth extensions or large-
scale step-out drilling).
Diagrams clearly highlighting Not applicable – No drilling conducted.
the areas of possible extensions, Areas sampling interest are defined in figures two
including the main geological and three.
interpretations and future drilling areas,
provided this information is not
commercially sensitive.
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