DART MINING NL — Capital/Financing Update 2024

Jan 17, 2024

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ASX Release

18[th] January 2024

RUSHWORTH GOLD EXPLORATION AND PROGRESS UPDATE

Dart Mining NL (ASX:DTM) (“Dart Mining” or “the Company”) is pleased to provide a project exploration update on the Rushworth Gold tenement package and summary of anticipated future plans. The Rushworth Project has 14km of structurally controlled shallow workings that are ripe for modern exploration techniques led by considered structural geology interpretations. Multiple priority targets have been identified and are ready for drill testing.

HIGHLIGHTS INCLUDE:

• 683km[2] of highly prospective tenements over the historic Victorian Rushworth Goldfield, located 140km north of Melbourne and 65km east of Bendigo

• Significant historic production with detailed geological record keeping helping with interpretation of structural architecture and prospective target zones

• Diamond Drilling program planned to commence in February, 2024.

Chairman, James Chirnside commented: “The company is ready to continue exploration on a number of exciting gold targets across the highly prospective historic Rushworth Goldfield. The company expects to be drilling a range of targets, commencing in February 2024, and is looking forward to providing further updates and results as they come to hand.”

The project consists of four exploration licences (3 Granted, 1 Under Application) covering 683km[2] located 140km north of Melbourne and 65km east of Bendigo (Figure 1). In addition to the entire Historic Rushworth Goldfield, the project area includes a large tenement holding to the west and southwest of Rushworth that includes projected strike extensions of Rushworth and the adjacent Whroo, Redcastle and Costerfield goldfields along the regional Moormbool Fault

The town of Rushworth sits in the valley between the two east-west ridges that each host around 7km strike of historic gold in quartz reef workings. Drilling in the last 40 years has been largely confined to the former mining leases at the Phoenix Mine area leaving the majority of the goldfield substantially underexplored.

Dart proposes drill targeting of structurally controlled mineralisation across the Rushworth Goldfield with consideration of the actual location of gold enriched zones present in the old workings

Dart Mining NL Contact: James Chirnside Webpage: ABN: 84 119 904 880 Email: jchirnside@dartmining.com.au www.dartmining.com.au Level 6, 412 Collins Street Mobile: +61 447 447 613 LinkedIn: Dart Mining NL Melbourne VIC 3000 Twitter: @DartMining

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The Dart team have been preparing for the recommencement of exploration at Rushworth during Q4 2023 / Q1 2024. Drill targeting utilises LiDAR (ASX Release: Rushworth Lidar Results – 26[th] April 2023 ) and Soil Sampling Program (ASX Release: Gold-Antimony-Arsenic Association identified at Rushworth – 19[th] May 2023 ) interpretation, as well as the collation of historic reporting have highlighted key geological target areas across the project, summarised below:

1 – Thrust fault hosted quartz vein packages (historically known as slide reefs): Thrust fault hosted gold rich quartz veins were mined on two parallel zones of 7km strike length each. The thrust faults are repetitive at depth giving multiple ore zones with good down dip continuity and potential for significant tonnage given the 14km strike of historic workings.

2 – Structural intersections: Both modern exploration and historical reports for Rushworth note high grade gold mineralisation at the junction of two or more veins of different orientations. An obvious target is the intersection of the N-S striking Growlers Reef with various gold-rich E-W striking thrust fault formations such as West Growlers. The intersection of the N-S striking reefs with E-W thrust faults at the Crown Cross-Frenchman’s line and the Nuggetty-Perseverance junctions are other highly prospective target examples for these high-grade zones.

3 – Saddle reefs: Saddle reefs were reported to occur at Church Hill/Champion and Nuggetty Hill at Rushworth but remain untested even though Victorian Department of Mines geologists recommended testing in the 1880’s, 1890’s and 1920’s. The similarities to the 22-million-ounce Bendigo goldfield are noted in the reports.

The Company intends to commence diamond drilling – using Dart’s own Diamond Drill Rig - across several target areas in easily accessible locations across the Rushworth Project, under low impact exploration permitting during Q1 and Q2 2024.

Dart Mining NL ABN: 84 119 904 880 Level 6, 412 Collins Street Melbourne VIC 3000

Contact: James Chirnside Email: jchirnside@dartmining.com.au Mobile: +61 447 447 613

Webpage: www.dartmining.com.au LinkedIn: Dart Mining NL Twitter: @DartMining

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Figure 1: Rushworth Tenement location plan

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Figure 2: Dart Tenement location plan

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Approved by the board of Directors for release.

For more information contact:

James Chirnside Managing Director Dart Mining NL jchirnside@dartmining.com.au +61 412 036 231

Aimee Coates Investor Relations Dart Mining NL acoates@dartmining.com.au

About Dart Mining

Dart Mining (ASX: DTM) has the aim of evaluating and developing several historic goldfields, as well as substantiating a new porphyry province in Northeast Victoria. The area is prospective for precious, base, and strategic metals. These include Lithium, Gold, Silver, Copper, Molybdenum, Zinc, Tungsten, Tin, Tantalum, and a host of other important minerals. Dart Mining has built a strategically placed gold exploration footprint in the Central and Northeast regions of Victoria, where historic surface and alluvial gold mining indicates the existence of potentially significant gold endowment.

Forward-Looking Statement

Certain statements contained in this document constitute forward-looking statements. Forwardlooking statements include, but are not limited to, Dart Mining’s current expectations, estimates and projections about the industry in which Dart Mining operates, and beliefs and assumptions regarding Dart Mining’s future performance. 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. When used in this document, words such as; “anticipate”, “could”, “intends”, “estimate”, “potential”, “plan”, “seeks”, “may”, “should”, and similar expressions are forward-looking statements. Although Dart Mining believes that its expectations presented in these forward-looking statements are reasonable, such statements 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.

Additional JORC Information

Further details relating and information relating to Dart Mining’s Strategic and Technology metals exploration programs can be found in Dart Mining’s ASX announcements available on the Company’s Website.

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APPENDIX 2

TENEMENT STATUS

All tenement applications continue to pass through the approvals process with the tenements remaining in good standing as of the 1[st] January 2024 (Table 1, Figure 3).

Table 1. TENEMENT STATUS

TenementNumber	Name	Tenement Type	**Area (km2) **Unlessspecified	Interest	Location
MIN006619	Mt View2	Mining License	224 Ha	100%	NE Victoria
EL5315	Mitta Mitta4&5	Exploration Licence	148	100%	NE Victoria
EL006016	Rushworth4	Exploration Licence	32	100%	Central Victoria
EL006277	Empress5	Exploration Licence	87	100%	NE Victoria
EL006300	Eskdale3&5	Exploration Licence	96	100%	NE Victoria
EL006486	Mt Creek5	Exploration Licence	116	100%	NE Victoria
EL006764	Cravensville	Exploration Licence	170	100%	NE Victoria
EL006861	Buckland	Exploration Licence	414	100%	NE Victoria
EL007007	Union	Exploration Licence	3	100%	Central Victoria
EL006994	Wangara	Exploration Licence	190	100%	Central Victoria
EL007008	Buckland West	Exploration Licence	344	100%	NE Victoria
EL007099	Sandy Creek5	Exploration Licence	437	100%	NE Victoria
EL006865	Dart	Exploration Licence_)_	567	100%	NE Victoria
EL006866	Cudgewa	Exploration Licence	508	100%	NE Victoria
EL007170	Berringama	Exploration Licence	27	100%	NE Victoria
EL007430	Buchan	EL (Application)	546	100%	Gippsland
EL007435	Goonerah	EL (Application)	587	100%	Gippsland
EL008161	Colbinannin	EL (Application)		100%	Central Victoria
EL007425	Deddick	Exploration Licence	341	100%	Gippsland
EL007428	Boebuck	Exploration Licence	355	100%	NE Victoria
EL007426	Walwa	Exploration Licence	499	100%	NE Victoria
EL007754	Tallandoon5	Exploration Licence	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
EL9516	Brewarrina	Exploration Licence	185	100%	New South Wales

All tenements remain in good standing as of 1 January 2024.

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.

NOTE 5: Tenements subject to conditions noted in the SQM earn-in agreement (Dart Mining ASX December 2022 SQM Earn-In)

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Figure 3: Location of Dart Mining’s exploration properties in Northeastern and Central Victoria.

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