DART MINING NL — Capital/Financing Update 2019

Mar 18, 2019

ASX Release

Dorchap Lithium Project Update

19[th] March 2019

LITHIUM EXPLORATION DRILLING TO COMMENCE AT THE DORCHAP PROJECT

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ASX Code: DTM

Key Prospects / Commodities:

GOLD

Dart Mining N L (DTM) advises that all statutory approvals required for roadside drilling at the Eagle and Hollow Way dykes in north-eastern Victoria (Figure 1) have now been received. A drill contractor has been appointed and drilling is scheduled to commence in the next 5 days.

Mountain View / New Discovery - Au Fairleys - Au Rushworth – Phoenix - Au Onslow – Au Saltpetre Gap - Au

LITHIUM / TIN / TANTALUM

As advised in the December Quarterly Report (DTM ASX 31 January 2019), up to 5 Reverse Circulation holes are to test the Hollow Way Dyke target (Figures 1 & 2) and up to 3 holes to test the Eagle Dyke target (Figures 1 & 3). This initial drilling program will allow a preliminary assessment of the dyke targets and, importantly, does not require expensive vegetation offset due to the use of existing road access.

As previously reported (DTM ASX 31 January 2019), surface chip sampling at the Hollow Way Dyke target shows up to 10m @ 1.37% Li2O from a dyke containing coarse petalite (Figure 2) and the Eagle Dyke target shows up to 10m @ 0.94% Li2O with fine spodumene identified as the main lithium mineral (Figure 3). This initial drilling program is the first drill testing of lithium-mineralised pegmatite dykes in the Dorchap Dyke Swarm. It is a significant milestone in the evaluation of this large, new Victorian lithium province first identified by Dart Mining.

James Chirnside

Managing Director Dart Mining NL

Empress – Li-Sn-Ta Eskdale / Mitta – Li-Sn-Ta

PORPHYRY GOLD / COPPER / MOLYBDENUM

Empress – Au-Cu Stacey’s – Au-Cu Copper Quarry: Cu+/- Au Gentle Annie: Cu Morgan Porphyry: Mo-Ag-Au Unicorn Porphyry: Mo-Cu-Ag

Investment Data:

Shares on issue: 928,042,803

Substantial Shareholders:

Top 20 Holdings: 50.33 %

Board & Management:

Managing Director: James Chirnside Non-Executive Director: Dr Denis Clarke Non-Executive Director: Luke Robinson Company Secretary: Julie Edwards

Dart Mining NL

ACN 119 904 880

Contact Details:

4 Bryant Street, Corryong VIC 3707 Australia

James Chirnside

Phone: +61 (0)260 762 336 Email: jchirnside@dartmining.com.au

Visit our webpage: www.dartmining.com.au

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Figure 1. Proposed Phase 1 drilling dyke target locations (Hollow Way and Eagle dykes) within the north Dorchap Dyke geochemistry and fractionation target area (Magenta Ellipse) - interpretation (20x 8 km). Note the correlation of low K/Rb and K/Cs ratios (fractionation markers) and high Be assay data positions relative to the highest lithium chip sample values.

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Figure 2. Proposed roadside Phase 1 RC drill program – Hollow Way Dyke Target (Dorchap Project).

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Figure 3. Proposed Phase 1 roadside RC drill program – Eagle Dyke Target (Dorchap Project).

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