Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

DART MINING NL Investor Presentation 2009

Sep 27, 2009

64792_rns_2009-09-27_739d5241-c38c-4e76-9678-dec1ec2334e0.pdf

Investor Presentation

Open in viewer

Opens in your device viewer

==> picture [721 x 271] intentionally omitted <==

Exploring a new metallogenic province in Victoria

September 2009

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

This presentation contains forward looking statements which involve subjective judgement and analysis and are subject to significant uncertainties, risks and contingencies including those risk factors associated with mineral exploration, many of which are outside the control of and may be unknown to Dart Mining NL.

No representation, warranty or assurance, express or implied, is given or made in relation to any forward looking statement. In particular, no representation, warranty or assumption, express or implied, is given in relation to any underlying assumption or that any forward looking statement will be achieved. Actual and future events may vary materially from the forward looking statements and the assumptions on which the forward looking statements were based.

Given these uncertainties, readers are cautioned not to place undue reliance on such forward looking statements, and should rely on their own independent enquiries, investigations and advice regarding information contained in this presentation. Any reliance by a reader on the information contained in this presentation is wholly at the readers own risk.

Dart and its related bodies corporate and affiliates and their respective directors, partners, employees, agents and advisors disclaim any liability for any direct, indirect or consequential loss or damages suffered by a person or persons as a result of relying on any statement in, or omission from, this presentation.

Subject to any continuing obligations under applicable law or any relevant listing rules of the ASX, Dart disclaims any obligation or undertaking to disseminate any updates or revisions to any forward looking

statements in this presentation to reflect any change in expectations in relation to any forward looking statements or any such change in events, conditions or circumstances on which any such statements were based.

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 Dean Turnbull B.Sc,, AIG. Mr Turnbull is a Director of Dart Mining NL and has sufficient experience relevant to the style of mineralisation and type of deposits under consideration and to the activity undertaken. He is qualified as a competent person as defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Ore Reserves” (or “JORC Code”). Mr Turnbull consents to the inclusion of this information in the form and context in which it appears in this report.

  • Dart Mining NL ACN 119904880

  • Listed on ASX in May 2007 (ASX:DTM)

  • Issued capital

  • Shares

  • 48,160,000 Ordinary Fully Paid

  • 8,875,000 Partly Paid to 1c with 9c to pay

  • Options:

  • 2.8m unlisted exercisable at 20c on/before 10 May 2010

  • 21.375m listed exercisable at 20c on/before 10 May 2010

  • Shareholders: 609

  • Directors:14.5 mill shares (30%)

  • Top 20: 50.2%

  • Market Cap: $4.1m (Ordinary shares at of 8.5 cents)

  • Cash:$430k at 30th June 2009

==> picture [306 x 171] intentionally omitted <==

Board & Management

  • Mr Chris Bain Non- Executive Chairman

  • Mr John Quayle Chief Executive Officer

Mr Bernhard Hochwimmer Executive Director

  • Mr Stephen Poke Non- Executive Director

  • Mr Dean Turnbull Executive Director

  • Mr Richard Udovenya Non- Executive Director

==> picture [721 x 270] intentionally omitted <==

----- Start of picture text -----

Dart Mining NL – Exploring in NE Victoria
ALBURY
VICTORIA N.S.W
----- End of picture text -----

A region rich in infrastructure inc.

  • hydro-power,

  • water,

  • highways,

  • towns,

  • well informed supportive community

  • Dart listed on ASX in May 2007 to assess historic gold fields and conceptual porphyry targets based on a structural model

  • Initial evaluation and drilling on 4 gold targets, 1 copper target and 3 porphyry targets

  • Dual focus

  • two potentially Tier 1 size Mo-Cu porphyry’s - Unicorn & Morgan

  • disseminated gold with potential to fast track to production – Mountain View

  • Ongoing extensive regional exploration including stream water and sediment sampling and prospect scale rock chip sampling is generating future projects

  • Dart tenements in NE Victoria cover ~3,000km[2]

  • • Back-arc setting in the Lachlan fold belt

  • Major intersecting structural corridors

  • Prospective for disseminated gold and porphyry Cu – Mo mineralisation

  • • Prospects mostly located in state forest with minimum exploration restrictions

==> picture [367 x 361] intentionally omitted <==

==> picture [721 x 270] intentionally omitted <==

----- Start of picture text -----

Unicorn - An unexplored Mo-Cu porphyry
----- End of picture text -----

Porphyry intrusive with resistant siliceous outcrop forming a ridge at 950m elevation - 450m above the valley floor Silica Cap containing dense quartz stockwork with peak 1,380 ppm molybdenum

  • A significant molybdenum, copper, silver anomaly

• Anomaly 500 metres diameter at over 220ppm Mo and averaging over 400ppm Mo

==> picture [531 x 408] intentionally omitted <==

UNICORN DRILL PROGRAM

==> picture [721 x 270] intentionally omitted <==

A fence of RAB holes along the ridge line supplemented by 3 DDH indicates significant porphyry related Mo – Cu – Ag mineralisation

==> picture [506 x 394] intentionally omitted <==

  • Large sill-like conductors

suggest Unicorn fits the “Climax” model of stacked siliceous sills underlain by primary molybdenum mineralisation lobes & sills

  • Plan high definition IP to target next 2-3 hole deep DDH program

==> picture [426 x 374] intentionally omitted <==

==> picture [328 x 401] intentionally omitted <==

----- Start of picture text -----

0m 500m 1000m
582000 582500 583000 583500
5973500 5973500
5973000 Northern Ringlet 5973000
5972500 5972500
Mo ppm
5972000 5972000 7000
5000
2500
950
500
220
5971500 5971500 100
50
20
7
2.5
0.5
5971000 5971000 0
582000 582500 583000 583500
East (m)
GDA94 Datum, MGA Zone 55
Nor th (m)
----- End of picture text -----

  • Located approx 7km west of Unicorn in the same structural corridor

  • Ring like multi-element geochemical anomaly

  • Includes significant Mo, Cu, Bi, Sn, Ag

  • Subsidiary ringlet adjoining to north has stronger multielement signature with significant gold association

==> picture [264 x 380] intentionally omitted <==

  • Strong CSAMT response coincident with the intersection of the main geochemical ring anomaly and the northern ringlet

  • Proposed deep drill hole to test the anomaly

  • Dart awarded a Rediscover Victoria grant to assist with drilling

Mountain View - Gold

==> picture [721 x 270] intentionally omitted <==

  • High grade gold

  • pod defined from surface

  • All holes have

  • intersected the structure showing good continuity

  • • Plan geophysics to define deeper mineralisation

==> picture [513 x 345] intentionally omitted <==

• Recent drilling intersected a new lens supporting the interpretation of a major mineralised structure with a series of splays hosting high grade gold pods. • Concept to be tested in next drill program

==> picture [474 x 390] intentionally omitted <==

Porphyry drilling is ready to commence subject to letting drilling contracts, Dart proposes to commence work on the IP survey within weeks in order to refine the Unicorn drill target.

Proposed initial program:

High Definition IP survey

$70k -100k

  • 1-2 DDH at Morgan Porphyry

  • $130k-$150k

  • 2-3 DDH at Unicorn Porphyry

  • $250k - $300k

Initial program total $450k - $550k

  • The program will expand following the IP survey with additional drilling anticipated at Mountain View to test the conceptual structural model.

  • A major drill out may be proposed to commence an initial resource assessment of the Unicorn and/or Morgan following evaluation of initial results

  • Dart Mining has a portfolio of projects in gold & porphyry Mo - Cu

  • New metallogenic province north-east Victoria potential world class Mo - Cu porphyry deposits

  • High grade disseminated gold in old gold fields that have been virtually unexplored for over 100 years

  • • Dart Mining believes the region has potential for development of mining projects of significance to Victoria’s economy

==> picture [721 x 271] intentionally omitted <==

www.dartmining.com.au