DART MINING NL — Investor Presentation 2008

Jun 22, 2008

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Molybdenum Discovery in NE Victoria June 2008

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IMPORTANT NOTICE AND DISCLAIMER
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The information contained in this document is disclosed to you by Dart Mining NL (ACN 119 904 880) (the " Company ").

Nothing in this document shall form the basis of any contract or commitment, or constitutes investment, financial product, legal, tax or other advice. The information in this document does not take into account your investment objectives, financial situation or particular needs.

The Company has prepared this document and is not aware of any errors in this document, but does not make any recommendations or warranty, express or implied concerning the accuracy of any forward looking statements or the likelihood of achievement or reasonableness of any assumptions, forecasts, prospects or returns contained in the information. Such assumptions, forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies.

This document is intended to provide background information only and does not purport to make any recommendation upon which you may reasonably rely without taking further and more specific advice. Potential investors should make their own decision whether to purchase any share in the Company based on their own enquiries. Potential investors are advised to seek appropriate independent advice, if necessary, to determine the suitability of the investment. An investment in the Company should be considered speculative.

This document is not a prospectus or other disclosure document.

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Highlights
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• A significant, high grade molybdenum and base metals anomaly discovered in the Lachlan Fold Belt, NE Victoria

• Extraordinarily consistent anomaly recorded from soil and rock chip sampling

• Surface expression covers approximately 20 hectares, over 500 metres width

• Strong anomalous zoning of copper, silver, bismuth and lead surrounding the molybdenum core

• High demand for molybdenum, primarily in the iron and steel industry

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• • Dart s Polygonal Vortex Model has been directly instrumental in making the discovery

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Mt Unicorn
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Dart Mining Tenements

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Mt Unicorn Porphyry plug and silica lithocap

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Porphyry Exploration
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• Targets identified using the Polygonal Vortex Model

• Non-Intrusive exploration to date,

• rock chip, soil, water sampling

• Geochemical survey over 20 hectares, 100x100m grid identified:

• Average Mo grade >400ppm within the 220ppm grade contour

• Large central circular zone over 500m across the Mo anomaly

• Significant Silver, copper and bismuth accompany the Mo anomaly

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Key Mineralisation Centres - PVM
Mt Unicorn, Mt Morgan
Schematic showing mineralised corridors
North Mammoth Porphyry
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Mt Unicorn
Molybdenum
Geochemistry
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Mt Unicorn Geochemistry 3D
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Mt Unicorn Molybdenum Discovery Area
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Mt Unicorn Mo Porphyry
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Haematic and siliceous quartz porphyry, from outer south east Mo anomaly shell. Here an As-Bi-Au association is more common, whereas silver follows more the molybdenum zone.

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Molybdenum Markets
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• Market size 200,000 tonnes pa

• Market growth 4-6% pa

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• Current price of Mo oxide US$33/lb average last five years US$23.40/lb

• Uses: strength and corrosion resistance

• Stainless steels

• High quality steels

• Chemicals/catalysts

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• China currently net exporter trending to become importer

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First use of new Mo:
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25% of Mo is used in the
Stainless steel industry
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50% used in constructional steel,
tool and high speed steel and cast iron
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25% in chemicals including lubricants
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Source: www.imoa.info
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Molybdenum Producers
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• 60% as by-product of copper mining

• Chile (down by 9,000tpa from 2005 to 2007)

• Canada (down by 4,000tpa from 2004 to 2007)

• Climax Mine, Colorado, USA (Phelps Dodge) – Reopening: 1600ppm head grade, 12,000tpa

• Spinifex ridge project, WA (Moly Mines)

• Planned for 2009, $1bn project, 480ppm, 10,000tpa

• Mt Hope, Nevada USA (General Moly)

• Planned for 2011, 17,000tpa

• [NB with market growing at 4% pa, requires a new 15 million tpa mine per year at typical mining grade 600ppm = 8,000tpa Mo]

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Opportunity for Victoria
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• What this means for Victoria is …

• New mineral province

• New greenfields exploration

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• Employment growth regional opportunities

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• Regional spend direct and indirect

• Mining Revenue

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Mt Unicorn Infrastructure
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• Only 20km from Corryong, the regional centre for NE Victoria which has an airport

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• Land the project is in State Forest

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• Power close to the Snowy Hydro Scheme

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• Water large subsurface aquifers believed to exist in the area

• Supportive regional local community looking for employment opportunities

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Next Steps
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• Follow up geochemistry results with exploration drilling

• Works plan submitted for approval late June 2008

• Await assay results of 50x50 infill geochemical rock sampling

• Conduct further geochemical sampling on other projects in the area

• Mt Morgan with 6500ppm Mo and 3.14% tin recorded to date

• North Mammoth project drilling with RVD grant already received planned for mid-August

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Molybdenum Discovery in NE Victoria June 2008