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DART MINING NL Interim / Quarterly Report 2011

Oct 28, 2010

64792_rns_2010-10-28_52caee32-b8d0-4749-a551-980d89196157.pdf

Interim / Quarterly Report

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ASX ANNOUNCMENT

29 October 2010

ASX Code: DTM

Investment Data

88.67 M Shares on Issue

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REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2010

1.8 M Unlisted Options

HIGHLIGHTS

Shareholders

Top 20 Hold 43.5%

Key Projects / Metals

  • Unicorn Porphyry Mo-Cu-Ag

  • Morgan Porphyry Mo-Ag-Au

  • Mountain View Lode – Au

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

Board & Management

Chairman and Acting CEO:

Mr. Chris Bain

Executive Directors:

Mr. Bernhard Hochwimmer Manager – Geology

  • Diamond drilling continued at the Unicorn project throughout the quarter intersecting extensive zones of molybdenum copper silver mineralisation

  • Drill core shows that the Unicorn porphyry has undergone multiple mineralising events indicating potential for large zones of high grade mineralisation

  • Best results include:

DUNDD004 163m @ 0.06%Mo, 0.11%Cu and 7.4g/tAg Inc: 29m @ 0.11%Mo and 89m @ 0.13%Cu DUNDD004A 24m @ 0.07%Mo and 46m@ 0.11%Cu DUNDD005 106m @ 0.08%Mo, 0.15%Cu and 4.5g/t Ag DUNDD006 32m @0.07%Mo and 18m @ 0.18%Cu (assays available for first 100m only)

  • Drillhole DUNDD006 completed in altered sediments at 488.4m after intersecting a breccia zone with visible molybdenum in a sulphide rich matrix. (Photo 1)

Mr. Dean Turnbull Manager – Exploration

Non-Executive Directors:

Mr. Stephen Poke Mr. Richard Udovenya

Contact Details:

Dart Mining NL Level 3 15 Queen Street Melbourne VIC 3000 Australia

Mr. Chris Bain

Phone: +61 (0)3 9618 8261 Email: [email protected]

Visit our webpage: www.dartmining.com.au

UNICORN DRILLING

Diamond drilling continued throughout the quarter at the Unicorn project, located near the town of Corryong in north-east Victoria. At quarter end the third deep drill-hole DUNDD006 was underway to test the south-west boundary of the Unicorn intrusion. Results from DUNDD004, 4A and 5 (part only) were reported in previous ASX releases. New results from the deeper section of DUNDD005 and the first 100m of DUNDD006 confirm that Unicorn is a large porphyry intrusion with overlapping phases of molybdenum, copper and silver mineralisation.

Preliminary interpretation shows that a high grade sub-horizontal mineralised layer, typical of this style of molybdenum ore system, is present in the upper part of all three drill holes; repeats are interpreted at depth. Features seen in the core indicating multiple mineralising pulses show that potentially higher grade areas, yet to be fully tested by drilling, are likely to occur within the intrusion.

The Phase 2 diamond drilling, DUNDD004 and 5 was supported by a State Government grant of $80,000 (the maximum amount) awarded in Round 3 of the Rediscover Victoria Drilling program.

www.dartmining.com.au

Page 1 of 12

Level 3, 15 Queen Street Melbourne, Victoria, 3000, Australia TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL [email protected] WEB www.dartmining.com.au ACN 119 904 880

29 October 2010

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Photo 1 : Porphyry breccia with sulphide including molybdenite (blue grey) in silica matrix – 316.5m DUNDD006.

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Photo 2: Molybdenite vein cutting brecciated porphyry – 328.8m DUNDD006

DUNDD005

Diamond drillhole DUNDD005 was drilled on section 8100N inclined 85[o] E to a depth of 574 metres, visible molybdenite in quartz stockwork veins was evident throughout and results included 106 metres from surface at 0.08%Mo, 0.15%Cu and 4.5g/t Ag. The hole then averaged 0.04%Mo to the end of hole but included several higher grade veins the best being 13.8metres at 0.09%Mo from 531 metres depth which included 2 metres at 0.48%Mo. Core logging has identified numerous features marking the margin of mineralising pulses pointing back west and deeper to potentially higher grade zones (see cross section).

www.dartmining.com.au Page 2 of 12

Level 3, 15 Queen Street Melbourne, Victoria, 3000, Australia TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL [email protected] WEB www.dartmining.com.au ACN 119 904 880

29 October 2010

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DUNDD006

Diamond drillhole DUNDD006 was drilled some 80 metres south of DUNDD004 and 5 to test the contact between outcropping porphyry, a porphyry breccia and the south-western boundary of the porphyry intrusion. The hole intersected extended mineralisation, molybdenum was noted in the breccia zone within the altered porphyry fragments, in the breccia matrix and in cross-cutting veins. This clearly demonstrates that the mineralising events involved multiple pulses, essential to form high grade systems of this type. Assays have been received for the first 100 metres, the interval averaged 0.05%Mo, 0.07%Cu and 4.1g/tAg and includes from surface 32 metres at 0.07%Mo, from 24 metres depth, 24 metres at 0.18%Cu and from 88 metres depth 12 metres at 0.11%Cu. Further assay results are awaited.

REGIONAL EXPLORATION

Dart has a strategic tenement position in north-east Victoria with a number of intrusions identified as potentially mineralised porphyries. A regional exploration program has commenced that will extend through the summer to follow up areas identified as anomalous last year.

At Boebuck anomalous silver, lead and molybdenum was previously identified from track sampling. A 4km x 3 km regional grid over the Boebuck magnetic anomaly has commenced. Soil and rock chip samples are taken at 100m E-W intervals and 1 Km N-S intervals over the anamalous northern section of the Boebuck prospect. Three lines are completed with assay data awaited.

Regional soil, stream sediment and bulk rock chip sampling on track traverses has also commenced over several other target areas throughout Dart’s Exploration Licences.

ABOUT MOLYBDENUM

Molybdenum is a strategic metal, when added to steel it enhances strength, hardenability, weldability, toughness, elevated temperature strength, and corrosion resistance. In nickel-base alloys, it improves resistance to both corrosion and high-temperature creep deformation. Molybdenum has a range of chemical uses including in paints, plastics and catalysts, it is also an essential trace element in humans, animals and plants.

The world market for molybdenum is approximately 200,000 tonnes a year and the metal has been traded on the London Metal Exchange since February 2010. At recent prices molybdenum trades at approximately 4.5 times the price of copper.

ENDS –

For further information visit our website at www.dartmining.com.au or contact: Chris Bain, Chairman & Acting CEO Ph: +61 (0) 3 9618 8261

COMPETENT PERSON’S STATEMENT

Information in this report that relates to a statement of exploration results of the Company is based on information compiled by Bernhard Hochwimmer B.Sc. AIG and Dean Turnbull B.App.Sc. AIG. Both Mr Hochwimmer and Mr Turnbull are Directors and full time employees of Dart Mining NL and have sufficient experience relevant to the style of mineralisation and type of deposits under consideration and to the activity undertaken. They are qualified as competent persons as defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Ore Reserves” (or “JORC Code”). Mr Hochwimmer and Mr Turnbull have provided written consent to the inclusion of this information in the form and context in which it appears in this report.

www.dartmining.com.au

Page 3 of 12

Level 3, 15 Queen Street Melbourne, Victoria, 3000, Australia TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL [email protected] WEB www.dartmining.com.au ACN 119 904 880

29 October 2010

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Table 1: Significant Intersections DUNDD004/4A, 5 & 6 (See Appendix 1 for full assay data).

Table 1:S ignificant Interse ctions DUNDD0 04/4A, 5 & 6 (See Append ix 1 for full as say data).
Hole No.
Hole Dip

Hole Azimuth
(MGA Grid)
MGA
East
(m)
MGA
North
(m)
RL
AHD
(m)
Total
Depth
(m)
DUNDD004 -68.5 270 588,811 5,978,100 830 321
DUNDD004A* -68.5 270 588,811 5,978,100 830 508.7
DUNDD005 -85 70 588,807 5,978,102 830 574
DUNDD006 -65 240 588,826 5,978,020 860 488.4

* DUNDD004A Starts at 154m down DUNDD004.

Collar co-ordinates are measured by GPS location.

Hole
No.
From
(m)
To
(m)
Significant
Intersections
Molybdenum (Mo )
Significant
Intersections
Copper (Cu )
Significant
Intersections
Silver (Ag )
DUNDD004

0 163 [email protected]% Mo [email protected]% Cu [email protected] Ag
72 Inc: 29m@ 0.11% Mo
35 Inc: 89m @ 0.13% Cu
DUNDD004A







154 278 [email protected]% Mo [email protected]% Cu [email protected] Ag
154 Inc: 24m@ 0.06% Cu
247 Inc: 5m @ 0.1% Mo
278 347 69m @ 0.04% 69m @ 0.13% Cu 69m @ 6.4ppm Ag
347 414 [email protected]% Mo [email protected]% Cu [email protected] Ag
347 Inc. 24m @ 0.07% Mo Inc 46m @ 0.11% Cu Inc. 46m @ 4.8ppm Ag
414 468 54m @ 0.05% Mo 54m @ 224ppm Cu 54m @ 0.9ppm Ag
468 508.7 40.7m @ 11ppm Mo 40.7m @ 68ppm Cu 40.7m @ 2.6ppm Mo
478 Inc. 2m @ 46ppm Ag
DUNDD005





0 106 106m @ 0.08% Mo 106m @ 0.15% Cu 106m @ 4.5 ppm Ag
50 Inc: 46m@ 0.09% Mo
106 574 [email protected]% Mo [email protected]% Cu [email protected] Ag
198 Inc: 34m@ 0.06% Mo
395 Inc: 55m@ 0.05% Mo
531 Inc: 13.8m@ 0.09% Mo
538 Inc: 2m @ 0.48% Mo
DUNDD006




0 100 [email protected]% Mo [email protected]% Cu [email protected] Ag
0 Inc: 32m@ 0.07% Mo
24 Inc: 18m@ 0.18% Cu
88 Inc: 12m@ 0.11% Cu
100 488.4 ASSAY DATA
AWAITED

Analysis performed on 1/4 or 1/2 HQ core (predominantly 1/2 HQ) and 1/2 NQ over nominal 2m intervals. Sample intervals are also determined by geology.

www.dartmining.com.au Page 4 of 12

Level 3, 15 Queen Street Melbourne, Victoria, 3000, Australia TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL [email protected] WEB www.dartmining.com.au ACN 119 904 880

29 October 2010

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UNICORN SECTION 8,100 MN

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Figure 2: Interpretative Section 8,100 mN - DUNDD004 / 4A (270[0] ) & DUNDD005 (070[0] ) diamond drill holes and assay data.

Page 5 of 12

www.dartmining.com.au

Level 3, 15 Queen Street Melbourne, Victoria, 3000, Australia TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL [email protected] WEB www.dartmining.com.au ACN 119 904 880

29 October 2010

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APPENDIX 1: DUNDD005 AND DUNDD006 KEY ELEMENT ASSAY DATA

DUNDD005 Mo
> 500
Cu
> 1000
Ag
> 2
HOLE ID FROM
(m)
TO
(m)
INTERVAL(m) REC
%
SAMPLE Mo(ppm) Cu(ppm) Ag
(ppm)
DUNDD005 0 4 4.0 70 DUNDD000783 550 150 2.5
DUNDD005 4 8 4.0 78 DUNDD000784 750 240 4
DUNDD005 8 10 2.0 95 DUNDD000785 700 335 5
DUNDD005 10 12 2.0 90 DUNDD000786 1100 235 9
DUNDD005 12 14 2.0 100 DUNDD000787 1600 235 7
DUNDD005 14 16 2.0 100 DUNDD000788 650 350 7.5
DUNDD005 16 18 2.0 100 DUNDD000789 600 235 7.5
DUNDD005 18 20 2.0 100 DUNDD000790 445 185 7
DUNDD005 20 22 2.0 100 DUNDD000791 500 135 5
DUNDD005 22 24 2.0 100 DUNDD000792 850 800 5
DUNDD005 24 26 2.0 100 DUNDD000793 1100 1000 4
DUNDD005 26 28 2.0 100 DUNDD000794 900 255 6
DUNDD005 28 30 2.0 100 DUNDD000795 500 140 5.5
DUNDD005 30 32 2.0 85 DUNDD000796 650 255 5.5
DUNDD005 32 34 2.0 90 DUNDD000797 650 465 6.5
DUNDD005 34 36 2.0 100 DUNDD000798 1000 1300 7.5
DUNDD005 36 38 2.0 100 DUNDD000799 500 2200 5.5
DUNDD005 38 40 2.0 100 DUNDD000800 750 3700 4
DUNDD005 40 42 2.0 100 DUNDD000801 550 1100 2
DUNDD005 42 44 2.0 100 DUNDD000802 460 1900 2
DUNDD005 44 46 2.0 100 DUNDD000803 1000 1000 3
DUNDD005 46 48 2.0 100 DUNDD000804 360 1300 3
DUNDD005 48 50 2.0 100 DUNDD000805 600 3000 5
DUNDD005 50 52 2.0 100 DUNDD000806 1100 5300 7
DUNDD005 52 54 2.0 100 DUNDD000807 600 2900 5.5
DUNDD005 54 56 2.0 100 DUNDD000808 550 2900 6
DUNDD005 56 58 2.0 100 DUNDD000809 700 2200 5.5
DUNDD005 58 60 2.0 100 DUNDD000810 850 2600 7.5
DUNDD005 60 62 2.0 100 DUNDD000811 650 2000 5.5
DUNDD005 62 64 2.0 100 DUNDD000812 1200 1400 3
DUNDD005 64 66 2.0 100 DUNDD000813 600 1600 4.5
DUNDD005 66 68 2.0 100 DUNDD000814 850 3100 4.5
DUNDD005 68 70 2.0 100 DUNDD000815 550 3000 5
DUNDD005 70 72 2.0 100 DUNDD000816 750 2100 4
DUNDD005 72 74 2.0 100 DUNDD000817 850 1900 4
DUNDD005 74 76 2.0 100 DUNDD000818 750 2000 3
DUNDD005 76 78 2.0 100 DUNDD000819 1000 1700 3
DUNDD005 78 80 2.0 100 DUNDD000820 1400 1600 3
DUNDD005 80 82 2.0 100 DUNDD000821 1300 2300 3.5
DUNDD005 82 84 2.0 100 DUNDD000822 850 2300 3
DUNDD005 84 86 2.0 100 DUNDD000823 850 2000 4.5
DUNDD005 86 88 2.0 100 DUNDD000824 600 1700 4
DUNDD005 88 90 2.0 100 DUNDD000825 750 900 2
DUNDD005 90 92 2.0 100 DUNDD000826 1100 900 2.5
DUNDD005 92 94 2.0 100 DUNDD000827 410 950 2
www.dartmining.com.au Page 6 of 12

Level 3, 15 Queen Street Melbourne, Victoria, 3000, Australia

TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL [email protected] WEB www.dartmining.com.au ACN 119 904 880

29 October 2010

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DUNDD005 Mo
> 500
Cu
> 1000
Ag
> 2
HOLE ID FROM
(m)
TO
(m)
INTERVAL(m) REC
%
SAMPLE Mo(ppm) Cu(ppm) Ag
(ppm)
DUNDD005 94 96 2.0 100 DUNDD000828 750 1300 3
DUNDD005 96 98 2.0 100 DUNDD000829 1400 2800 4
DUNDD005 98 100 2.0 100 DUNDD000830 600 1600 2
DUNDD005 100 102 2.0 100 DUNDD000831 800 1000 2.5
DUNDD005 102 104 2.0 100 DUNDD000832 600 1900 4.5
DUNDD005 104 106 2.0 100 DUNDD000833 550 1200 4
DUNDD005 106 108 2.0 100 DUNDD000834 250 800 1
DUNDD005 108 110 2.0 100 DUNDD000835 355 1700 6
DUNDD005 110 112 2.0 100 DUNDD000836 185 1300 2
DUNDD005 112 114 2.0 100 DUNDD000837 110 1000 2.5
DUNDD005 114 116 2.0 100 DUNDD000838 335 850 3
DUNDD005 116 118 2.0 100 DUNDD000839 410 850 2.5
DUNDD005 118 120 2.0 100 DUNDD000840 420 1200 15.5
DUNDD005 120 122 2.0 100 DUNDD000841 240 900 4.5
DUNDD005 122 124 2.0 100 DUNDD000842 285 550 2
DUNDD005 124 126 2.0 100 DUNDD000843 190 600 2
DUNDD005 126 128 2.0 100 DUNDD000844 260 750 3.5
DUNDD005 128 130 2.0 100 DUNDD000845 260 750 3
DUNDD005 130 131.3 1.3 100 DUNDD000846 190 700 2.5
DUNDD005 131.3 133 1.7 100 DUNDD000847 8 34 1
DUNDD005 133 136.7 3.7 100 DUNDD000848 19 41 2
DUNDD005 136.7 138 1.3 100 DUNDD000849 435 500 2
DUNDD005 138 140 2.0 100 DUNDD000850 165 350 1.5
DUNDD005 140 142 2.0 100 DUNDD000816A 116 354 3.68
DUNDD005 142 144 2.0 100 DUNDD000817A 315 292 1.98
DUNDD005 144 146 2.0 100 DUNDD000818A 348 324 1.55
DUNDD005 146 148 2.0 100 DUNDD000819A 267 488 2.83
DUNDD005 148 150 2.0 100 DUNDD000820A 425 455 1.77
DUNDD005 150 152 2.0 100 DUNDD000821A 214 296 1.21
DUNDD005 152 154 2.0 100 DUNDD000822A 569 396 1.72
DUNDD005 154 156 2.0 100 DUNDD000823A 327 355 1.55
DUNDD005 156 158 2.0 100 DUNDD000824A 815 336 1.68
DUNDD005 158 160 2.0 100 DUNDD000825A 328 230 1.15
DUNDD005 160 162 2.0 100 DUNDD000826A 314 243 1.19
DUNDD005 162 164 2.0 100 DUNDD000827A 265 258 1.11
DUNDD005 164 166 2.0 50 DUNDD000828A 600 261 1.39
DUNDD005 166 168 2.0 100 DUNDD000829A 141 236 1.28
DUNDD005 168 170 2.0 100 DUNDD000830A 459 374 1.48
DUNDD005 170 172 2.0 100 DUNDD000831A 276 525 2.2
DUNDD005 172 174 2.0 100 DUNDD000832A 435 398 1.55
DUNDD005 174 176 2.0 90 DUNDD000833A 191 374 1.79
DUNDD005 176 178 2.0 100 DUNDD000834A 146 250 1.02
DUNDD005 178 180 2.0 100 DUNDD000835A 743 266 0.98
DUNDD005 180 182 2.0 100 DUNDD000836A 172 260 0.99
DUNDD005 182 184 2.0 100 DUNDD000837A 403 181.5 0.84
DUNDD005 184 186 2.0 100 DUNDD000838A 346 339 1.45
DUNDD005 186 188 2.0 100 DUNDD000839A 191 432 2.16
www.dartmining.com.au

Level 3, 15 Queen Street Melbourne, Victoria, 3000, Australia

TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL [email protected] WEB www.dartmining.com.au ACN 119 904 880

29 October 2010

==> picture [46 x 47] intentionally omitted <==

DUNDD005 Mo
> 500
Cu
> 1000
Ag
> 2
HOLE ID FROM
(m)
TO
(m)
INTERVAL(m) REC
%
SAMPLE Mo(ppm) Cu(ppm) Ag
(ppm)
DUNDD005 188 190 2.0 100 DUNDD000840A 170 143.5 0.69
DUNDD005 190 192 2.0 100 DUNDD000841A 503 145 0.95
DUNDD005 192 194 2.0 100 DUNDD000842A 148 126 0.63
DUNDD005 194 196 2.0 100 DUNDD000843A 285 120.5 1.71
DUNDD005 196 198 2.0 100 DUNDD000844A 337 168.5 0.85
DUNDD005 198 200 2.0 100 DUNDD000845A 804 152 0.8
DUNDD005 200 202 2.0 100 DUNDD000846A 377 255 1.08
DUNDD005 202 204 2.0 100 DUNDD000847A 443 156 1.09
DUNDD005 204 206 2.0 100 DUNDD000848A 764 129 0.75
DUNDD005 206 208 2.0 100 DUNDD000849A 306 111.5 0.9
DUNDD005 208 210 2.0 100 DUNDD000850A 661 75.2 1.55
DUNDD005 210 212 2.0 100 DUNDD000851 496 125 2.62
DUNDD005 212 214 2.0 100 DUNDD000852 330 140 1.6
DUNDD005 214 215.5 1.5 100 DUNDD000853 899 54.3 1.79
DUNDD005 215.5 215.9 0.4 100 DUNDD000854 348 41 0.57
DUNDD005 215.9 218 2.1 100 DUNDD000855 209 103 1.08
DUNDD005 218 220 2.0 100 DUNDD000856 1040 280 6.17
DUNDD005 220 222 2.0 100 DUNDD000857 341 276 1.13
DUNDD005 222 224 2.0 100 DUNDD000858 377 226 1.09
DUNDD005 224 226 2.0 100 DUNDD000859 547 180 0.78
DUNDD005 226 228 2.0 100 DUNDD000860 531 108.5 0.75
DUNDD005 228 230 2.0 100 DUNDD000861 770 119.5 0.7
DUNDD005 230 232 2.0 100 DUNDD000862 700 124 1.32
DUNDD005 232 234 2.0 100 DUNDD000863 232 111 0.57
DUNDD005 234 236 2.0 100 DUNDD000864 263 54.2 0.34
DUNDD005 236 238 2.0 100 DUNDD000865 137 137.5 0.4
DUNDD005 238 240 2.0 100 DUNDD000866 336 92.9 0.29
DUNDD005 240 242 2.0 100 DUNDD000867 495 97.7 0.86
DUNDD005 242 244 2.0 100 DUNDD000868 502 80.7 0.27
DUNDD005 244 246 2.0 100 DUNDD000869 422 110 0.45
DUNDD005 246 248 2.0 100 DUNDD000870 142 75.7 0.3
DUNDD005 248 250 2.0 100 DUNDD000871 297 61.6 0.48
DUNDD005 250 252 2.0 100 DUNDD000872 701 126 6.12
DUNDD005 252 254 2.0 100 DUNDD000873 500 64.1 3.99
DUNDD005 254 256 2.0 100 DUNDD000874 232 99.3 0.5
DUNDD005 256 258 2.0 100 DUNDD000875 240 273 0.46
DUNDD005 258 260 2.0 100 DUNDD000876 164 259 0.41
DUNDD005 260 262 2.0 100 DUNDD000877 202 611 0.5
DUNDD005 262 264 2.0 100 DUNDD000878 227 117 0.44
DUNDD005 264 266 2.0 100 DUNDD000879 419 89.4 1.07
DUNDD005 266 268 2.0 100 DUNDD000880 186 89.6 0.49
DUNDD005 268 270 2.0 100 DUNDD000881 158 49.2 0.31
DUNDD005 270 272 2.0 100 DUNDD000882 309 80.9 0.5
DUNDD005 272 274 2.0 100 DUNDD000883 102 60.7 0.49
DUNDD005 274 276 2.0 100 DUNDD000884 167 53.7 1.09
DUNDD005 276 278 2.0 100 DUNDD000885 611 48.4 1.5
DUNDD005 278 280 2.0 100 DUNDD000886 513 61.7 1.84
www.dartmining.com.au

Level 3, 15 Queen Street Melbourne, Victoria, 3000, Australia TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL [email protected] WEB www.dartmining.com.au ACN 119 904 880

29 October 2010

==> picture [46 x 47] intentionally omitted <==

DUNDD005 Mo
> 500
Cu
> 1000
Ag
> 2
HOLE ID FROM
(m)
TO
(m)
INTERVAL(m) REC
%
SAMPLE Mo(ppm) Cu(ppm) Ag
(ppm)
DUNDD005 280 282 2.0 100 DUNDD000887 417 108 1.4
DUNDD005 282 284 2.0 100 DUNDD000888 748 143 15.15
DUNDD005 284 286.1 2.1 100 DUNDD000889 888 104.5 0.71
DUNDD005 286.1 288 1.9 100 DUNDD000890 236 87.6 0.41
DUNDD005 288 290 2.0 100 DUNDD000891 620 45.3 0.52
DUNDD005 290 292 2.0 100 DUNDD000892 365 46.3 0.21
DUNDD005 292 294 2.0 100 DUNDD000893 255 62.1 0.37
DUNDD005 294 296 2.0 100 DUNDD000894 244 46.9 0.22
DUNDD005 296 298 2.0 100 DUNDD000895 260 213 1.85
DUNDD005 298 300 2.0 100 DUNDD000896 437 241 3.59
DUNDD005 300 302 2.0 100 DUNDD000897 227 47.5 0.44
DUNDD005 302 304 2.0 100 DUNDD000898 540 57.7 0.37
DUNDD005 304 306 2.0 100 DUNDD000899 454 76.4 0.34
DUNDD005 306 308 2.0 100 DUNDD000900 122 83.3 0.53
DUNDD005 308 310 2.0 100 DUNDD000901 123 109.5 0.41
DUNDD005 310 312 2.0 100 DUNDD000902 394
201
51.5 0.42
DUNDD005 312 314 2.0 100 DUNDD000903 41.5 0.87
DUNDD005 314 316 2.0 100 DUNDD000904 319 95.8 1.04
DUNDD005 316 318 2.0 100 DUNDD000905 430 57.5 1.29
DUNDD005 318 320 2.0 100 DUNDD000906 593 173.5 9.96
DUNDD005 320 322 2.0 100 DUNDD000907 124 63.2 0.45
DUNDD005 322 324 2.0 100 DUNDD000908 80 108 0.58
DUNDD005 324 325.7 1.7 100 DUNDD000909 291 72.9 2.16
DUNDD005 325.7 328 2.3 100 DUNDD000910 258 115.5 19.4
DUNDD005 328 330 2.0 100 DUNDD000911 182 79.9 1.25
DUNDD005 330 332 2.0 100 DUNDD000912 439 100.5 1.2
DUNDD005 332 334 2.0 100 DUNDD000913 634 66 0.51
DUNDD005 334 336 2.0 100 DUNDD000914 453 49.4 0.5
DUNDD005 336 338 2.0 100 DUNDD000915 323 34.1 0.94
DUNDD005 338 340 2.0 100 DUNDD000916 636 36 1.07
DUNDD005 340 341.5 1.5 100 DUNDD000917 100 55.2 1.71
DUNDD005 341.5 344 2.5 100 DUNDD000918 692 62.2 5.7
DUNDD005 344 347 3.0 100 DUNDD000919 240 49.4 0.59
DUNDD005 347 350 3.0 100 DUNDD000920 439 61.9 2
DUNDD005 350 353 3.0 100 DUNDD000921 285 45.6 0.36
DUNDD005 353 356 3.0 100 DUNDD000922 218 66.6 0.41
DUNDD005 356 359 3.0 100 DUNDD000923 346 42.9 1.67
DUNDD005 359 362 3.0 100 DUNDD000924 256 58.8 0.37
DUNDD005 362 365 3.0 100 DUNDD000925 122 54.8 0.33
DUNDD005 365 368 3.0 100 DUNDD000926 97 70 0.43
DUNDD005 368 371 3.0 100 DUNDD000927 110 30 0.27
DUNDD005 371 374 3.0 100 DUNDD000928 223 44.8 0.37
DUNDD005 374 376 2.0 100 DUNDD000929 208 48.8 0.37
DUNDD005 376 379 3.0 100 DUNDD000930 935 66.6 2.21
DUNDD005 379 382 3.0 100 DUNDD000931 235 60.1 0.81
DUNDD005 382 385 3.0 100 DUNDD000932 648 59.3 1.94
DUNDD005 385 387 2.0 100 DUNDD000933 385 123 3.15
www.dartmining.com.au

Level 3, 15 Queen Street Melbourne, Victoria, 3000, Australia TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL [email protected] WEB www.dartmining.com.au ACN 119 904 880

29 October 2010

==> picture [46 x 47] intentionally omitted <==

DUNDD005 Mo
> 500
Cu
> 1000
Ag
> 2
HOLE ID FROM
(m)
TO
(m)
INTERVAL(m) REC
%
SAMPLE Mo(ppm) Cu(ppm) Ag
(ppm)
DUNDD005 387 390 3.0 77 DUNDD000934 185 133 2.98
DUNDD005 390 392 2.0 100 DUNDD000935 150 43 0.32
DUNDD005 392 395 3.0 100 DUNDD000959 306 91.5 2.79
DUNDD005 395 396.6 1.6 100 DUNDD000960 2120 120 0.8
DUNDD005 396.6 399 2.4 100 DUNDD000961 435 62.6 0.3
DUNDD005 399 402 3.0 100 DUNDD000962 199 135 0.46
DUNDD005 402 405 3.0 100 DUNDD000963 875 138.5 0.88
DUNDD005 405 408 3.0 100 DUNDD000964 137 162.5 0.85
DUNDD005 408 411.3 3.3 100 DUNDD000965 514 125 0.47
DUNDD005 411.3 414 2.7 100 DUNDD000966 136 39.6 0.12
DUNDD005 414 417 3.0 100 DUNDD000967 193 92.9 0.42
DUNDD005 417 420 3.0 100 DUNDD000968 707 68.6 0.52
DUNDD005 420 423 3.0 100 DUNDD000969 627 85.2 1.57
DUNDD005 423 425.2 2.2 100 DUNDD000970 744 137.5 0.96
DUNDD005 425.2 429 3.8 78 DUNDD000971 290 75.8 0.92
DUNDD005 429 432 3.0 100 DUNDD000972 86 57.8 0.33
DUNDD005 432 435 3.0 100 DUNDD000973 190 26.3 0.11
DUNDD005 435 438.3 3.3 100 DUNDD000974 184 14.9 0.23
DUNDD005 438.3 441 2.7 100 DUNDD000975 410 43.4 0.29
DUNDD005 441 444.2 3.2 90 DUNDD000976 644 44.3 0.49
DUNDD005 444.2 447 2.8 100 DUNDD000977 1735 41.1 0.22
DUNDD005 447 450 3.0 100 DUNDD000978 691 51.5 0.25
DUNDD005 450 453 3.0 100 DUNDD000979 646 64.9 0.31
DUNDD005 453 456.6 3.6 100 DUNDD000980 278 38.5 0.16
DUNDD005 456.6 460 3.4 100 DUNDD000981 24.6 41.3 0.13
DUNDD005 460 463.4 3.4 100 DUNDD000982 37.3 41.1 0.27
DUNDD005 463.4 465 1.6 100 DUNDD000983 250 36.2 0.16
DUNDD005 465 469.3 4.3 100 DUNDD000984 389 41.3 0.19
DUNDD005 469.3 472 2.7 100 DUNDD000985 694 70.6 0.23
DUNDD005 472 475 3.0 93 DUNDD000986 284 85.5 0.3
DUNDD005 475 479 4.0 85 DUNDD000987 576 100.5 0.7
DUNDD005 479 482 3.0 100 DUNDD000988 181 73.2 5.7
DUNDD005 482 485 3.0 97 DUNDD000989 791 71.4 0.6
DUNDD005 485 488 3.0 100 DUNDD000990 198 71.5 0.28
DUNDD005 488 492.3 4.3 100 DUNDD000991 324
257
72.7 0.45
DUNDD005 492.3 493.5 1.2 100 DUNDD000992 41.6 0.21
DUNDD005 493.5 497 3.5 100 DUNDD000993 199 65.2 0.27
DUNDD005 497 500 3.0 100 DUNDD000994 150 63.2 0.3
DUNDD005 500 502.6 2.6 100 DUNDD000995 50 76.6 0.18
DUNDD005 502.6 506 3.4 100 DUNDD000996 551 68.3 0.22
DUNDD005 506 509 3.0 100 DUNDD000997 191 129 0.92
DUNDD005 509 512 3.0 100 DUNDD000998 158 66.3 0.25
DUNDD005 512 515 3.0 100 DUNDD000999 552 148 0.39
DUNDD005 515 518 3.0 100 DUNDD001020 170 99.2 0.29
DUNDD005 518 521 3.0 93 DUNDD001021 133 59.9 0.2
DUNDD005 521 524 3.0 100 DUNDD001022 137 122.5 0.22
DUNDD005 524 527 30 100 DUNDD001023 173 667 103
. . .
www.dartmining.com.au

Level 3, 15 Queen Street Melbourne, Victoria, 3000, Australia

TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL [email protected] WEB www.dartmining.com.au ACN 119 904 880

29 October 2010

==> picture [46 x 47] intentionally omitted <==

DUNDD005 Mo
> 500
Cu
> 1000
Ag
> 2
HOLE ID FROM
(m)
TO
(m)
INTERVAL(m) REC
%
SAMPLE Mo(ppm) Cu(ppm) Ag
(ppm)
DUNDD005 527 529 2.0 100 DUNDD001024 290 29.2 0.28
DUNDD005 529 531 2.0 100 DUNDD001025 152 56.7 0.13
DUNDD005 531 532 1.0 100 DUNDD000936 552 53.8 0.28
DUNDD005 532 533 1.0 100 DUNDD000937 225 72.5 0.23
DUNDD005 533 534 1.0 100 DUNDD000938 261 65.9 0.35
DUNDD005 534 535 1.0 100 DUNDD000939 63 25.6 0.21
DUNDD005 535 536 1.0 100 DUNDD000940 133 8 0.14
DUNDD005 536 537 1.0 100 DUNDD000941 24.3 25 0.18
DUNDD005 537 538 1.0 100 DUNDD000942 671 51.3 0.21
DUNDD005 538 539 1.0 100 DUNDD000943 6260 203 0.76
DUNDD005 539 540 1.0 100 DUNDD000944 3370 123.5 0.71
DUNDD005 540 542.7 2.7 100 DUNDD000945 110 147 0.39
DUNDD005 542.7 544.8 2.1 78 DUNDD000946 454 141 0.46
DUNDD005 544.8 547 2.2 78 DUNDD000947 138 59.8 2.15
DUNDD005 547 549 2.0 100 DUNDD000948 232 140 1.39
DUNDD005 549 551 2.0 100 DUNDD000949 361 244 1.14
DUNDD005 551 553 2 95 DUNDD000950 190 127 0.59
DUNDD005 553 556 3 87 DUNDD000951 198 158 2.73
DUNDD005 556 559 3 100 DUNDD000952 260 189.5 3.24
DUNDD005 559 562 3 100 DUNDD000953 467 192.5 0.84
DUNDD005 562 565 3 100 DUNDD000954 44.8 95 3.72
DUNDD005 565 567.6 2.6 100 DUNDD000955 12.15 17.2 0.79
DUNDD005 567.6 570 2.4 100 DUNDD000956 311 60.2 1.77
DUNDD005 570 572 2 100 DUNDD000957 241 11.5 0.53
DUNDD005 572 574 2 100 DUNDD000958 257 24.3 0.4
DUNDD006 Mo
> 500
Cu
> 1000
Ag
> 2
HOLE ID FROM(m) TO
(m)
INTERVAL
(m)
REC % SAMPLE Mo(ppm) Cu(ppm) Ag (ppm)
DUNDD006 0 4 4.00 62.50 DUNDD001026 665 289 1.6
DUNDD006 4 6 2.00 95.00 DUNDD001027 521 371 5.2
DUNDD006 6 8 2.00 100.00 DUNDD001028 456 215 2.73
DUNDD006 8 10 2.00 100.00 DUNDD001029 486 243 4.38
DUNDD006 10 12 2.00 100.00 DUNDD001030 581 252 2.66
DUNDD006 12 14 2.00 100.00 DUNDD001031 750 256 12.4
DUNDD006 14 16 2.00 100.00 DUNDD001032 1005 207 7.22
DUNDD006 16 18 2.00 100.00 DUNDD001033 1120 160 4.65
DUNDD006 18 20 2.00 100.00 DUNDD001034 881 232 3.31
DUNDD006 20 22 2.00 100.00 DUNDD001035 997 273 2.54
DUNDD006 22 24 2.00 100.00 DUNDD001036 653 294 9.07
DUNDD006 24 26 2.00 100.00 DUNDD001037 734 1255 13.05
DUNDD006 26 28 2.00 100.00 DUNDD001038 692 1270 2.75
DUNDD006 28 30 2.00 100.00 DUNDD001039 846 790 8.23
DUNDD006 30 32 2.00 100.00 DUNDD001040 569 1730 4.6
DUNDD006 32 34 2.00 100.00 DUNDD001041 498 2030 2.54
DUNDD006 34 36 2.00 100.00 DUNDD001042 296 3060 2.3
www.dartmining.com.au Page 11 of 12

Level 3, 15 Queen Street Melbourne, Victoria, 3000, Australia

TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL [email protected] WEB www.dartmining.com.au ACN 119 904 880

29 October 2010

==> picture [46 x 47] intentionally omitted <==

DUNDD006 DUNDD006 DUNDD006 Mo
> 500
Cu
> 1000
Ag
> 2
HOLE ID
DUNDD006
FROM (m)
36
TO
(m)
38
INTERVAL
(m)
2.00
REC %
100.00
SAMPLE
DUNDD001043
Mo(ppm) Cu(ppm) Ag (ppm)
965 2250 2.84
DUNDD006 38 40 2.00 100.00 DUNDD001044 556 2910 7.49
DUNDD006 40 42 2.00 100.00 DUNDD001045 538 1115 2.52
DUNDD006 42 44 2.00 100.00 DUNDD001046 560 679 1.91
DUNDD006 44 46 2.00 100.00 DUNDD001047 413 607 2
DUNDD006 46 48 2.00 100.00 DUNDD001048 324 109 2.25
DUNDD006 48 50 2.00 100.00 DUNDD001049 634 190.5 1.93
DUNDD006 50 52 2.00 100.00 DUNDD001050 324 931 2.6
DUNDD006 52 54 2.00 100.00 DUNDD001051 181 865 3.04
DUNDD006 54 56 2.00 100.00 DUNDD001052 377 533 1.65
DUNDD006 56 58 2.00 100.00 DUNDD001053 299 517 2.13
DUNDD006 58 60 2.00 100.00 DUNDD001054 408 468 1.64
DUNDD006 60 62 2.00 100.00 DUNDD001055 304 510 1.94
DUNDD006 62 64 2.00 100.00 DUNDD001056 410 528 1.8
DUNDD006 64 66 2.00 100.00 DUNDD001057 196 399 1.26
DUNDD006 66 68 2.00 100.00 DUNDD001058 270 504 1.57
DUNDD006 68 70 2.00 100.00 DUNDD001059 273 179 1.77
DUNDD006 70 72 2.00 100.00 DUNDD001060 348 84.4 1.86
DUNDD006 72 74 2.00 100.00 DUNDD001061 412 129.5 1.94
DUNDD006 74 76 2.00 100.00 DUNDD001062 383 87.6 2.84
DUNDD006 76 78 2.00 100.00 DUNDD001063 182 106.5 2.84
DUNDD006 78 80 2.00 100.00 DUNDD001064 358 110.5 3.92
DUNDD006 80 82 2.00 100.00 DUNDD001065 404 741 3.83
DUNDD006 82 84 2.00 100.00 DUNDD001066 279 1125 7.28
DUNDD006 84 86 2.00 100.00 DUNDD001067 241 143 5.65
DUNDD006 86 88 2.00 100.00 DUNDD001068 283 380 12
DUNDD006 88 90 2.00 100.00 DUNDD001069 248 1005 3.92
DUNDD006 90 92 2.00 100.00 DUNDD001070 269 1375 8.97
DUNDD006 92 94 2.00 100.00 DUNDD001071 292 1040 3.92
DUNDD006 94 96 2.00 100.00 DUNDD001072 388 1170 7.08
DUNDD006 96 98 2.00 100.00 DUNDD001073 239 1040 3.11
DUNDD006 98 100 2.00 100.00 DUNDD001074 190 1080 3.49

Page 12 of 12

www.dartmining.com.au

Level 3, 15 Queen Street Melbourne, Victoria, 3000, Australia TELEPHONE +61 3 9621 1322 FACSIMILE +61 3 9621 1544 EMAIL [email protected] WEB www.dartmining.com.au ACN 119 904 880