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DART MINING NL — Capital/Financing Update 2026
Feb 10, 2026
64792_rns_2026-02-10_5bdfebff-b2be-4cc8-813d-ebc6fba0e978.pdf
Capital/Financing Update
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ASX Release
11 February 2026
DART ACQUIRES SKARN RIDGE COPPER-GOLD-GRAPHITE PROJECT EXPANDING
SOUTHEAST QUEENSLAND FOCUS
Dart Mining NL ( ASX:DTM ) ( Dart Mining or the Company ) is pleased to announce the strategic acquisition of the Skarn Ridge Copper-Gold and Mt Bauple Graphite (Skarn Ridge Project), located in south-eastern Queensland. The projects have been purchased from private resources group, FFM Group, for a total sum of AUD $25,000 and includes two EPM areas.
HIGHLIGHTS
-
Strategic acquisition of highly prospective, underexplored projects in the south-eastern region of Queensland which include an existing EPM (28873) and EMPA (28868);
-
Project area sits within the broader Mt Perry – Electra Fault Zone and is surrounding exposed and buried late-stage intrusions related to Au, Cu, Ag, and Mo mineralisation in the area;
-
Exploration is limited over the tenements but does show the potential for mineralisation including:
-
Historic drilling at Skarn Ridge intersected 4m at 0.5 g/t Au from 16m (SR-2, completed in 1999);
-
Skarn Ridge rock chip sampling from historical workings returned results:
-
5.14% Cu + 0.5 g/t Au + 25 g/t Ag (R194);
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2.98% Cu + 0.25 g/t Au + 25 g/t Ag (R195);
-
1.00 % Cu + 0.60 g/t Au + 25 g/t Ag (R172);
-
1.00 % Cu + 0.35 g/t Au + 17 g/t Ag (R174); and
-
0.93 g/t Au (39917).
-
-
Visual descriptions of these anomalous Cu and Au sampling indicating chalcopyrite and bornite minerals present in hand specimen.
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The Project compliments Dart Mining’s Southeast Queensland precious, critical, and base metals exploration focus.
DART MINING’S CHAIRMAN, JAMES CHIRNSIDE, COMMENTED:
“This strategic acquisition has Dart Mining firmly positioned with 4 projects falling within a 300km radius in Central and Southeast Queensland. While the portfolio has advanced projects such as Triumph Au and Coonambula Sb, Au, the Skarn Ridge project area is an important pipeline strategy for Dart Mining as we assume a position as an established Queensland explorer, and developer. The Skarn Ridge project presents a low-cost, entry-level project that we’ve added to our portfolio where we plan to expand on the limited historical exploration in search for copper and gold mineralisation.”
Contact: James Chirnside Email: [email protected] Mobile: +61 447 447 613
Webpage: www.dartmining.com.au LinkedIn: Dart Mining NL Twitter: @DartMining
Dart Mining NL ABN: 84 119 904 880 Level 6, 412 Collins Street Melbourne VIC 3000
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MT BAUPLE GRAPHITE AND SKARN RIDGE GOLD-COPPER PROJECTS
The Mt Bauple Graphite and Skarn Ridge Gold-Copper Projects are located approximately 50km by road south-west of Maryborough, Queensland. Mt Bauple and Skarn Ridge are 60km north-west of the historic multi-million-ounce Gympie gold mining district (Figure 1). The Projects are comprised of one granted Exploration Permit: EPM 28873 (Mt Bauple) covering 234km[2] , and application EPM 28868 (Skarn Ridge) covering an area of 71km[2] .
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Figure 1 : Location of Skarn Ridge EPM 28868 and Mt Bauple 28873.
GEOLOGY
The Projects are situated at the northern end of the New England Fold Belt, a complex midPalaeozoic to early Mesozoic mobile belt. The Tasman Mobile Zone forms the eastern margin of Australia, extending from Tasmania in the south through to Princess Charlotte Bay in northern Queensland. It represents a zone of active continental accretion throughout the Palaeozoic, forming a series of island arcs and intra-arc basins with accompanying thick sedimentation, volcanism, plutonism and tectonism. The Project geology is highlighted in Figure 1 below.
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Figure 2 : EPM 28868 and 28873 Interpreted Solid Geology.
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Located within the Maryborough 1:250,000 geological sheet (Cranfield, 1994), the region is composed of a series of accretionary wedges welded onto the edge of the proto-Australian continent from Carboniferous times. These accretions represent geosynclinal, basin and shelf sediments and island arcs that have been intruded by numerous granitoid bodies.
The area is divided into five major structural blocks, namely the Yarraman Subprovince, the Esk Basin, the North D'Aguilar Subprovince, the Gympie Province and the Maryborough-Nambour Basin. Geologically the region consists of sediments and volcanics of the Permian Gympie Group that have been intruded by early Triassic granitoids that form a granite massif. Subsequent Mid Triassic to Early Cretaceous intrusive activity is of variable composition and is accompanied by swarms of east-west and northeast-southwest trending dykes. These intrusions have been interpreted to be key in the relationships between historical mineralisation and heat source contact with suitable reducing sedimentary packages (i.e. Gympie Units, Tiaro Coal Measured, Maryborough Basin etc).
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Figure 3: Project location relative to intrusions and known mineralisation.
4 | P a g e
The Skarn Ridge tenement area is well mineralised, with some 40 small scale historic workings being present in the immediate area. Mineralisation styles in the vicinity include Cu-Au skarns, disseminated sediment hosted Au, Mesothermal quartz- carbonate-base metal veins and porphyry Cu-Mo with significant supergene Cu potential. All these styles of mineralisation are associated temporally, spatially and genetically with the Late Triassic-Early Cretaceous magmatism (Ridley, 1987). The limited rock chip sampling and early drilling completed of the tenement area is shown in Figure 4[1] .
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Figure 4 : Skarn Ridge EPM 28868 geology and key historical results.
The Mt Bauple tenement area has been significantly underexplored. However, there is potential for graphite mineralisation along the aureoles of granitic intrusions as confirmed by early 1900’s mining. This graphite mineralisation is hosted in the Tiaro Coal Measures (TCM). William H. Rands (1906), Assistant Queensland Government Geologist, described the graphite as occurring in the coal measures which have been heat-altered by contact with the intrusive granite. This heat alteration of the coal measures results in the formation of amorphous graphite via metamorphism, a mineralisation process which is known to occur around the world in the Urals, Germany, Norway, Scotland and extensively throughout China. These areas of contact with the reducing sediments are also highly prospective for base and precious metal mineralisation, as seen in the Skarn Ridge tenement. Figure 5 shows the Mt Bauple tenement relative to the outcropping and interpreted (buried) intrusives.
1 Dart Mining notes that where Cu and Ag is limited to 1.00% and 25g/t respectively, these are believed to be upper limit ranges on the historical sampling and Dart Mining considers that higher grades should be expected.
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Figure 5 : Mt Bauple EPM 28873 geology and key target areas.
6 | P a g e
NEXT STEPS
Dart Mining’s immediate field activities are focused on progressing the farm-in exploration at Coonambula where it will earn up to 51% of the project. Dart Mining’s current plan across Queensland includes:
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Complete the review of CBADD003 through CBADD013 assays that have been received and are currently in QAQC by Dart Mining Competent Person;
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Finalise and agree the Native Title compensation agreement for Skarn Ridge (EPMA28868);
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Complete the review of the IP at Coonambula and plan second stage drilling as part of the Coonambula earn in agreement with ASX:GDM;
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Undertake further desktop studies and spectral interpretation of the Skarn Ridge project to develop Dart's first phase exploration programme ;
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Plan for and collect any outstanding data to support a maiden Mineral Resource Estimate at Coonambula (including metallurgical testwork, density characterisation and EDA);
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Plan follow up exploration programmes for Triumph to expand the existing Mineral Resource: and,
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Receive assays and report on surface sampling at selected Triumph historical mines including Advance (the most productive historical mine), Chandlers and Sailor Boy (all three mines are not part of the current MRE).
Approved for release by the Board of Directors.
For more information contact: James Chirnside
James Chirnside Terry Bates Managing Director Director Dart Mining NL Dart Mining NL [email protected] [email protected] +61 419 605 842 InvestorHub Link
7 | P a g e
About Dart Mining
The Triumph Gold Project is Dart’s first step into an advanced intrusion related gold system project in Queensland. Dart will look to develop a regional presence in Queensland through advanced stage intrusion related and epithermal gold projects. Dart is farming into the Coonambula Antimony-Gold Project in Central Queensland. Dart has made moves into the Raglan goldfield, northwest of Triumph and now to the south towards Gympie with the Skarn Ridge project.
Dart Mining will continue to evaluate several historic goldfields in Central and Northeast Victoria including the Rushworth Goldfield and the new porphyry and lithium province in Northeast Victoria identified by Dart. The area is prospective for precious, base, and strategic metals. Dart Mining has built a strategic and highly prospective gold exploration portfolio in Central and Northeast regions of Victoria, where historic surface and alluvial gold mining indicates the existence of potentially large gold endowment.
Competent Person’s Statement
The information in this report has been prepared, compiled, and verified by Mr Andrew Dawes, who is a Member of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Andrew Dawes is employed by AHD Resources and consults to Dart Mining NL. Mr Dawes 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. Dawes takes responsibility for the exploration results, and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Forward-Looking Statement
Certain statements contained in this document constitute forward-looking statements. Forward-looking 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.
No new information has been included in this release, all exploration results have been previously reported by Great Divide Mining (ASX: GDM) and are available on their website. Dart Mining is not aware of any new information or data that materially affects the information included in the original announcements.
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APPENDIX ONE
Table 1: Historical Collar Details.
| Easting2 | Northing | RL | Depth | Dip | Azi | Notes |
|---|---|---|---|---|---|---|
| 425912 | 7147070 | 130 | 196 | -60 | 045 | |
| 425368 | 7147290 | 100 | 136 | -60 | 025 | 4m @ 0.5 g/t Au from 16m |
| 425900 | 7146800 | 95 | 118 | -60 | 045 |
Table 2: Historical Rock Chip Samples.
| Sample No. |
Easting3 | Northing | Cu (ppm) |
Pb (ppm) |
Zn (ppm) |
Ag (ppm) |
Mo (ppm) |
Sb (ppm) |
As (ppm) |
Au (ppb) |
Source | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R164 | 426689.5 | 7146101 | 20 | 40 | 35 | 3 | 5 | 5 | 35 | 15 | CR 10843 | |
| R168 | 426365 | 7145617 | 20 | 30 | 35 | 2 | 1 | 5 | 12 | 10 | CR 10843 | |
| R169 | 425988.9 | 7146005 | 65 | 15 | 25 | 1 | 1 | 5 | 3 | 5 | CR 10843 | |
| R170 | 425892.6 | 7145568 | 70 | 20 | 20 | 1 | 5 | 5 | 2 | 15 | CR 10843 | |
| R171 | 425695.8 | 7145481 | 30 | 30 | 20 | 2 | 2 | 5 | 8 | 5 | CR 10843 | |
| R172 | 425572.4 | 7145719 | 10000 | 25 | 140 | 17 | 40 | 5 | 2 | 350 | CR 10843 | |
| R173 | 425572.4 | 7145719 | 10000 | 35 | 70 | 25 | 360 | 5 | 35 | 600 | CR 10843 | |
| R174 | 425572.4 | 7145719 | 10000 | 20 | 110 | 16 | 60 | 5 | 20 | 180 | CR 10843 | |
| R175 | 425829.1 | 7145780 | 1800 | 40 | 20 | 5 | 5 | 5 | 120 | 35 | CR 10843 | |
| R188 | 426527.6 | 7147207 | 60 | 40 | 190 | 8 | 5 | 155 | 50 | CR 10843 | ||
| R190 | 426459.6 | 7148217 | 20 | 20 | 40 | 6 | 5 | 75 | 10 | CR 10843 | ||
| R191 | 426655.7 | 7148909 | 20 | 20 | 35 | 5 | 5 | 55 | 15 | CR 10843 | ||
| R192 | 426602.1 | 7149207 | 10 | 30 | 45 | 5 | 5 | 50 | 10 | CR 10843 | ||
| R194 | 426565.4 | 7149735 | 29800 | 80 | 2000 | 25 | 5 | 450 | 250 | CR 10843 | ||
| R195 | 426565.4 | 7149735 | 51400 | 100 | 2800 | 25 | 5 | 875 | 520 | CR 10843 | ||
| R199 | 426579.7 | 7149511 | 125 | 20 | 30 | 5 | 5 | 45 | 10 | CR 10843 | ||
| R36 | 429998.5 | 7147980 | 20 | 5 | 5 | 1 | 2 | 0.5 | 6 | 10 | CR 10843 | |
| R70 | 426647 | 7147219 | 500 | 5 | 10 | 1 | 1 | 0.5 | 220 | 65 | CR 10843 | |
| 39916 | 430354.5 | 7146941 | 67 | CR 15571 | ||||||||
| 39918 | 430354.5 | 7146941 | 25 | CR 15571 | ||||||||
| 39917 | 430354.5 | 7146941 | 933 | CR 15571 | ||||||||
| 39919 | 430354.5 | 7146941 | 12 | CR 15571 | ||||||||
| 44561 | 426631.4 | 7148220 | 10 | CR 15571 | ||||||||
| 44560 | 426559.5 | 7148294 | 15 | CR 15571 | ||||||||
| 44559 | 426512.6 | 7148355 | 10 | CR 15571 | ||||||||
| 44514 | 426619.4 | 7148534 | 25 | CR 15571 | ||||||||
| 44515 | 426671.7 | 7148561 | 30 | CR 15571 | ||||||||
| 44558 | 426732.6 | 7148628 | 240 | CR 15571 | ||||||||
| 44557 | 426633.6 | 7148737 | 20 | CR 15571 | ||||||||
| 44556 | 426594.6 | 7149189 | 10 | CR 15571 | ||||||||
| 44555 | 426503.2 | 7149382 | 50 | CR 15571 | ||||||||
| 44554 | 426535 | 7149428 | 35 | CR 15571 | ||||||||
| 44553 | 426461.3 | 7149576 | 10 | CR 15571 |
2 Coordinates reported and unchanged from AGD84, Zone 56. 3 Samples imported from georeferenced historical maps and coordinates projected to GDA94, Zone 56.
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APPENDIX TWO
JORC Code, 2012 Edition – Table 1
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Sampling | • Nature and quality of sampling (eg cut | • Reverse Circulation chip samples collected |
| techniques | channels, random chips, or specific | at regular 1m intervals. |
| specialised industry standard | • Samples split through a 75:25 riffle splitter | |
| 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 taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. |
at the rig, with 4m composite samples sent for laboratory analysis. • Samples were submitted to ALS in Brisbane where they were dried, crushed to 2mm and pulverized. A 100g representative sample was collected from the pulp to undergo aqua regia digestion and 50g fire analysis with a ICP-AES finish. • Rock chip samples were collected from |
|
| • Aspects of the determination of | outcrops at surface an within historical | |
| mineralisation that are Material to the | workings. | |
| Public Report. | • Rock chip sample size is unknown. | |
| • In cases where ‘industry standard’ work | ||
| has been done this would be relatively | ||
| simple (eg ‘reverse circulation drilling | ||
| was used to obtain 1 m samples from | ||
| which 3 kg was pulverised to produce a | ||
| 30 g charge for fire assay’). In other | ||
| cases more explanation may be | ||
| required, such as 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 circulation, | • Reverse Circulation drilling. |
| techniques | open-hole hammer, rotary air blast, | • 5 ¼” hole diameter. |
| 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 assessing core | • Information is not available. |
| recovery | and chip sample recoveries and results | |
| assessed. | ||
| • Measures taken to maximise sample | ||
| recovery and ensure representative | ||
| nature of the samples. | ||
| • Whether a relationship exists 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 have | • Chip samples were logged for each 1m |
| been geologically and geotechnically | interval into an excel spreadsheet. | |
| logged to a level of detail to support | • Geological logging is qualitative in nature. | |
| appropriate Mineral Resource | ||
| estimation, mining studies and |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| metallurgical studies. | ||
| • Whether logging is qualitative or | ||
| quantitative in nature. Core (or costean, | ||
| channel, etc) photography. | ||
| • The total length and percentage of the | ||
| relevant intersections logged. | ||
| Sub- | • If core, whether cut or sawn and | • Samples passed through a 75:25 riffle |
| sampling | whether quarter, half or all core taken. | splitter at the drill rig, with composite |
| techniques | • If non-core, whether riffled, tube | samples begin made up from the larger (75) |
| and sample preparation |
sampled, rotary split, etc and whether sampled wet or dry. |
split. • Composite samples made up by collecting a |
| • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for |
scoop from four 1m sample. • Rock chips were not sub sampled based on historical reporting. |
|
| all sub-sampling stages to maximise | ||
| representivity of samples. | ||
| • Measures taken to ensure that the | ||
| sampling is representative of the in situ | ||
| material collected, including for instance | ||
| results for field duplicate/second-half | ||
| sampling. | ||
| • Whether sample sizes are appropriate | ||
| to the grain size of the material being | ||
| sampled. | ||
| Quality of | • The nature, quality and appropriateness | • Quality control information and laboratory |
| assay data | of the assaying and laboratory | standards are not recorded or available. |
| and laboratory tests |
procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the |
• Laboratory check samples reported for significant intercepts. • QAQC for rock chips is not reported historically and is therefore unknown. |
| analysis including instrument make and | ||
| model, reading times, calibrations | ||
| factors applied and their derivation, etc. | ||
| • Nature of quality control procedures | ||
| adopted (eg standards, blanks, | ||
| duplicates, external laboratory checks) | ||
| and whether acceptable levels of | ||
| accuracy (ie lack of bias) and precision | ||
| have been established. | ||
| Verification | • The verification of significant | • Information not available in historic |
| of sampling | intersections by either independent or | exploration reports. |
| and assaying |
alternative company personnel. • The use of twinned holes. |
• Significant intersections confirmed through a repeat (check) analysis at the laboratory. |
| • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) |
• No verification or check samples for rock chips were reported historically. |
|
| protocols. | ||
| • Discuss any adjustment to assay data. | ||
| Location of | • Accuracy and quality of surveys used to | • Information not available in historic |
| data points | locate drill holes (collar and down-hole | exploration reports. |
| surveys), trenches, mine workings and | • Data is extracted or georeferenced and | |
| other locations used in Mineral Resource estimation. • Specification of the grid system used. |
coordinates interpreted from georeferenced drafted maps. |
|
| • Quality and adequacy of topographic | ||
| control. |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Data | • Data spacing for reporting of | • Not Applicable. |
| spacing and | Exploration Results. |
• Samples are composited into 4m intervals. |
| distribution | • Whether the data spacing and | • Rock chip sampling is of outcrop |
| distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral |
mineralisation and not uniform in sample spacing. |
|
| Resource and Ore Reserve estimation | ||
| procedure(s) and classifications | ||
| applied. | ||
| • Whether sample compositing has been | ||
| applied. | ||
| Orientation | • Whether the orientation of sampling | • Not Applicable. |
| of data in | achieves unbiased sampling of possible | • Orientation of structures is not yet |
| relation to | structures and the extent to which this is | understood. |
| geological structure |
known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. |
• Rock chip samples have been sampled from outcropping units, within historical workings, or float as available. These rock chips are indicative of mineralisation only with respect to interpretation of geological structure. |
| Sample | • The measures taken to ensure sample | • Samples Composite were collected and |
| security | security. | dispatched to ALS in polyweave bags. |
| • Sample security of historical rock chips is not | ||
| documented or known. | ||
| Audits or | • The results of any audits or reviews of | • No audits or reviews have been completed |
| reviews | sampling techniques and data. | of sampling techniques. |
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Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Mineral | • Type, reference name/number, location | • The Mt Bauple and Skarn Ridge Projects |
| tenement and | and ownership including agreements or | consist of two contiguous Queensland |
| land tenure | material issues with third parties such | exploration permits for minerals (EPMs): |
| status | 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 |
• EPM 28868 (Skarn Ridge), • EPM 28873 (Mt Bauple). • Both EPM’s are currently held 100% by wholly owned subsidiaries of Dart Mining NL, namely Queensland Metal Holdings Pty Ltd and Queensland Metal Holdings no. 2 Pty Ltd. |
| operate in the area. | ||
| Exploration | • Acknowledgment and appraisal of | • Historical exploration in the Skarn Ridge |
| done by other | exploration by other parties. |
area has been undertaken by several parties |
| parties | since the 1960s, primarily targeting skarn- | |
| style copper and gold. | ||
| • Work included regional geological mapping, | ||
| soil and rock chip geochemistry, and limited | ||
| geophysical surveys. | ||
| • In 1999, three drillholes were completed at | ||
| the Skarn Ridge project. These drillholes | ||
| tested Cu-Au anomalism identified through | ||
| surface rock and soil sampling. | ||
| • Data from this program, including drill collar | ||
| locations, assay results, and geological logs | ||
| were extracted from EPM 11124 annual | ||
| report for the year ending 23rdMay 2000 | ||
| (cr_31751). | ||
| • Historical exploration in the Mt Bauple area | ||
| has been undertaken by few parties since | ||
| the 1990’s. | ||
| • Majority of the exploration assessment has | ||
| focused on the potential of the Tiaro Coal | ||
| Measures for coal and graphite, with minor | ||
| gold exploration occurring in the early to | ||
| mid-2000’s. | ||
| • Field exploration was not undertaken by | ||
| most previous holders. | ||
| Geology | • Deposit type, geological setting and | • The Skarn Ridge and Mt Bauple Projects are |
| style of mineralisation. | located ~40 km northwest of Gympie in | |
| southeast Queensland, within the northern | ||
| New England Orogen. | ||
| • Western Skarn Ridge bedrock geology is | ||
| dominated by early to late Permian lime- | ||
| and mudstones, with later middle Triassic | ||
| diorite intrusions | ||
| • Eastern Skarn Ridge and Mt Bauple bedrock | ||
| geology is dominated by the early to middle | ||
| Jurassic Tiaro Coal Measures, with later | ||
| Cretaceous syenite and granodiorite | ||
| intrusions. | ||
| • Mineralisation target at the Skarn Ridge | ||
| project is skarn style Cu-Au hosted at the | ||
| contact of intrusions and calcareous | ||
| limestones. |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| • Mineralisation target at the Mt Bauple | ||
| project is graphite formed from the contact | ||
| metamorphism between intrusions and the | ||
| Tiaro Coal Measures. Minor Au prospectivity | ||
| will also be evaluated. | ||
| Drill hole | • A summary of all information material | • Drillhole information has been included in |
| Information | to the understanding of the exploration | the release in Appendix 1. |
| results including a tabulation of the | ||
| following information for all Material drill | ||
| holes: | ||
o easting and northing of the drill hole |
||
| collar | ||
o elevation or RL (Reduced Level – |
||
| elevation above sea level in metres) of | ||
| the drill hole collar | ||
o dip and azimuth of the hole |
||
o down hole length and interception |
||
| depth | ||
o hole 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. | ||
| Data | • In reporting Exploration Results, | • No data aggregation methods have been |
| aggregation | weighting averaging techniques, | applied. |
| methods | maximum and/or minimum grade | • Samples were composited to 4m lengths |
| truncations (eg cutting of high grades) and cut-off grades are usually Material |
before being submitted to the laboratory. | |
| and should be stated. | ||
| • Where aggregate intercepts | ||
| incorporate short lengths of high grade | ||
| results and longer lengths of low grade | ||
| results, the procedure used for such | ||
| aggregation should be stated and some | ||
| typical examples of such aggregations | ||
| should be shown in detail. | ||
| • The assumptions used for any | ||
| reporting of metal equivalent values | ||
| should be clearly stated. | ||
| Relationship | • These relationships are particularly | • Unknown at this stage. |
| between | important in the reporting of Exploration | |
| mineralisation | Results. |
|
| widths and | • If the geometry of the mineralisation | |
| intercept | with respect to the drill hole angle is | |
| lengths | known, its nature should be reported. | |
| • 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 (with | • Included in the body of the announcement. |
| scales) and tabulations of intercepts | ||
| should be included for any significant | ||
| discovery being reported These should | ||
| include, but not be limited to a plan | ||
| view of drill hole collar locations and | ||
| appropriate sectional views. |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Balanced | • Where comprehensive reporting of all | • All known mineralisation intersected in the |
| reporting | Exploration Results is not practicable, | completed holes has been included. |
| representative reporting of both low | ||
| and high grades and/or widths should | ||
| be practiced to avoid misleading | ||
| reporting of Exploration Results. | ||
| Other | • Other exploration data, if meaningful | • No other material data is presented in this |
| substantive | and material, should be reported | announcement. |
| exploration | including (but not limited to): geological | |
| data | 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 further | • Plans for further work are outlined in the |
| work (eg tests for lateral extensions or | body of the announcement which include | |
| depth extensions or large-scale step- | continued desktop review of historic | |
| out drilling). | exploration results and early-stage field | |
| • Diagrams clearly highlighting the areas | reconnaissance including geological | |
| of possible extensions, including the main geological interpretations and |
mapping and sampling. | |
| future drilling areas, provided this | ||
| information is not commercially | ||
| sensitive. |
15 | P a g e