DART MINING NL — Investor Presentation 2011

Oct 10, 2011

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Managing Director

Oct 2011

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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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DTM - INVESTMENT HIGHLIGHTS
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• Positive outlook for Molybdenum (Mo) - currently@ US$33,000/t LME

• Discovered a potentially world class Mo + Cu + Ag porphyry deposit

• Strong similarities to Climax and Henderson – world class Mo mines

• Maiden JORC resource announced – Open at Depth

• Total resource – 105Mt at 0.07% Mo equivalent

• Indicated resource from surface – 29Mt at 0.09% Mo equivalent

• Indicated resource grade > many other Australian Mo explorers

• Indicated and Inferred resource grade > Endako Mine in British Columbia

• Strong pipeline of news flow

• Metallurgical test work – late October 2011

• Regional geochemistry results – late November 2011

• Drilling program to recommence – early 2012

• Lowest strip ratio anticipated in first 5 years of Open Cut mining

• Favourable project location and infrastructure – power, water, logistics

• Unicorn is in unrestricted crown land - no known fauna / flora overlays

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CORPORATE STRUCTURE
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ASX Code:

DTM

15.4 million 10 cents options Fully Written

Shares on issue : ~140m Market cap : ~$22m : Options

15.4m listed exercisable at 10c (31 Dec 2011) 5m unlisted exercisable at 15c (31 Dec 2013) 11m shares (7.9%) 38.37%

Directors : : Top 20 Cash :

~$2.8m (assuming underwriting of options)

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BOARD AND MANAGEMENT
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• Lindsay Ward – CEO and Managing Director

• Experienced senior executive having worked at CEO and GM level across the Mining, Power Generation, Mineral Processing, Ports and Rail industries. Lindsay is a qualified geologist

• Chris Bain – Chairman

• Well regarded corporate advisor who has been instrumental in a range of resource based acquisitions, IPOs and capital raisings. Chris is also a qualified geologist & mineral economist

• Dean Turnbull – Executive Director

• Instrumental in identifying the prospectivity of Dart Mining’s tenements and leads the Corryong based exploration team. Extensive exploration and mine geology experience

• Stephen Poke – Non-Executive Director

• Experienced resources industry executive with a particular focus on all aspects of mining and exploration drilling

• Richard Udovenya – Non-Executive Director

• Specialises in corporate, corporate governance and commercial law in the natural resources sector with a focus on ECM activities, including IPOs for ASX and AIM listings. Legal adviser to Australian and international companies operating in Australia, Africa and South America

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ESTABLISHED INFRASTRUCTURE
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• Established

infrastructure

• Renewable power

• Available water

• Support town

• Sealed roads

• Sealed airport

• Rail transport

• Very supportive community

• Strong Victorian Government support

• 3 drilling grants

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ALBURY
N.S.W
VICTORIA CORRYONG
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LOW STRIP RATIO - ORE BODY OUTCROPS
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DRILL RIG
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Mineralisation outcrops at surface and extends below Valley floor. Known mineralisation open at depth beyond 450 metres from surface. . Valley floor 350 metres below surface

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NO RESTRICTIONS - OPEN CUT MINING
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• Unicorn deposit is located within Unrestricted Crown Land

 Land Act 1958 Section 204 states - Crown land must permit mining

 Forests Act 1958 and amended 2007 - does not prohibit mining

• Bendigo and Stawell gold mines developed within Unrestricted Crown Land

• No known DSE flora or fauna overlays within the Unicorn area

• No known native title issues or previous claims

• Unicorn will not impact on Upper Murray agricultural land

• Open cut mine water management

• Unicorn is “dry” which minimises water management issues

• Acid mine drainage risk is relatively low due to style of mineralisation

• Simple drainage system surrounds Unicorn deposit

• Strong Community and Government support

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VERY STRONG COMMUNITY SUPPORT
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UNICORN and HENDERSON ARE SIMILAR
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Figure 1. Unicorn Mineral Resource (Left) showing the 5,978,100mN cross section showing the M1, M2 and M3 Grade Zones and the Indicated Mineral Resource area from surface to 600m RL (approximately 250m below surface) and the Inferred Mineral Resource between 600 mRL and 400 mRL (approximately from 250m to 450m below surface). The conceptual Henderson style Target associated with multiple intrusive centres is also illustrated. The Henderson Mine Geological cross section (Right) at the same scale (Modified composite section compiled from: Wallace 1978-1995,Seedorf & Einaudi 2004 and Banks 2009).

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UNICORN Mo + Cu + Ag RESOURCE
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JORC	JORC	TONNAGE (Mt)	TONNAGE (Mt)	Mo Cutoff (ppm)	Mo Cutoff (ppm)	Mo (ppm)	Mo (ppm)	Cu (ppm)	Cu (ppm)	Ag (g/t)	Ag (g/t)	Mo Eq1 (ppm)
CLASSIFICATION
INDICATED		29		200		500		900		4.2		900
INFERRED		76		200		350		450		2.7		570
TOTAL		105		200		390		570		3.1		660
JORC CLASSIFICATION	Mo Cutoff Grade (ppm)		GRADE ZONE		TONNES (Mt)		Mo (ppm)		Cu (ppm)		Ag (g/t)	Mo Eq (ppm)
INDICATED	200		M1		27.5		500		930		4.3	290
INDICATED	200		M2		1.3		620		220		1.2	720
TOTAL INDICATED RESOURCE					28.8		500		900		4.2	900
INFERRED	200		M1		8.9		500		540		2.8	750
INFERRED	200		M3		11.1		530		300		2.1	690
INFERRED	200		INT		56.0		290		470		2.8	520
TOTAL INFERRED RESOURCE					76.0		350		450		2.7	570

Unicorn deposit - significant resource upgrade potential with additional drilling – wall rock and surrounding breccia are mineralised with good grades of Mo, Cu and Ag intersected previously. These mineralised zones have not been included in the maiden resource due to drill spacing being too broad.

Note 1: Based on relative value (with reference to the average price of each metal in the 3 months 1 July to 30 September 2011 listed on the LME for - Mo US$33,127 per tonne / Cu US$9061 per tonne / Ag US$38.90 per ounce.

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UNICORN NORTH – SOUTH SECTION
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PROVEN STRUCTURAL SETTING
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• Lachlan fold belt is a

known host of major ore bodies

• Cadia / Ridgeway / Nth

  • Parkes in NSW

• Benambra in Victoria

• Gilmore suture flexes

across into Victoria with a series of splay faults

• Proven mineralisation

• Dart’s tenements lie

• across this strategic structural zone

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DTM TENEMENTS
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GRANTED LICENCES

• Dart EL 4726

• • Cudgewa EL 5058

• • Buckland EL 4724

• • Boebuck EL 5132

• • Bunroy EL 5131

• • Mt Alfred EL 5194

TOTAL: 2,400 Km[2 ]

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CASE STUDY - ENDAKO MINE
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• Thompson Creek Metals (TCM:TSX) own 75% of Endako Mine in British Columbia

• $500 million mine expansion underway / Multi pit operation

• Proven and Probable – 311Mt at an average grade 0.046% Mo

• Measured plus Indicated – 88Mt at an average grade 0.034% Mo

• Endako is pure Mo production - No value add from Cu or Ag

• Unicorn Deposit Resource

• Total resource – 105Mt at 0.07% Mo Equiv

• Indicated resource from surface – 29Mt at 0.09% Mo Equiv

• Significant resource upgrade potential with further drilling

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UNICORN COMPARISON WITH
OTHER ASX MOLY EXPLORERS
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	Share Price ($)	Market Cap (A$)	Resource Status	Tonne (M’s)	Mo Equiv (%)	Mo Grade (%)	Cu Grade (%)	Ag Grade (g/t)	Strip Ratio	Access / Infra
Dart Mining NL	~$0.16	$22M	Unicorn Indicated Resource	29	0.09	0.05	0.09	4.2	From Surface	Very Good
Dart Mining NL	~$0.16	$22M	Unicorn Total Resource	105	0.07	0.04	0.06	3.1	From Surface	Very Good
Moly Mines	~0.41	$160M	Spinifex Ridge Proven	450	0.07*	0.05	0.08	1.3	Sub Surface	Very Remote
Aussie Q	~$0.20	$29M	Whitewash Inferred + Indicated	242	0.06**	0.026	0.12	1.54	Sub Surface	Remote
Zamia Metals	~0.052	$11M	Anthony Inferred	233		0.042	-	-	Sub Surface	Remote

Unicorn deposit - significant resource upgrade potential with additional drilling – wall rock and surrounding breccia are mineralised with good grades of Mo, Cu and Ag intersected previously. These mineralised zones have not been included in the maiden resource due to drill spacing being too broad.

• Source – The Australian Mining review Aug 2011 / ** Source – Breakaway Research Aussie Q Resources 5 Sept 2011

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MOLYBDENUM - INDUSTRIAL USES
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• Adds strength, hardness and toughness to steel

• Increases corrosion resistance in petrochemical industry pipework

• Acts as a catalyst to remove sulphur / impurities from crude oil

• Growing importance in automotive and aerospace industries

• New age metal with strong potential for use in renewable energy

• “Hydrogen economy”

• Solar panels

• Nano technology applications

• Growing market (220,000 tpa) with shortages predicted

• Growth 5% year on year

• China net importer of Mo

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DART’S MINERALISED PORPHRY PIPELINE
“UNDER EXPLORED”
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PROJECT	Regional Geochem	Soil Geochem	On Ground Mapping	Geophysics Aerial	Geophysics Ground	Drilling
Unicorn						
Nth Mammoth		x			x	Limited
Morgan			x			Limited
Boebuck			x		x	x
Bunroy			x		x	x
Dart Pluton String	x	x	x		x	x
Dinner Creek	x	x	x		x	x
Six Other Targets		x	x		x	x

Colorado’s Climax and Henderson primary Mo mines as well as other world wide mineralised porphyry's usually occur in clusters

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SUMMARY
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• DTM has discovered a new mineralised porphyry province  Largely underexplored but with strong pipeline of porphyry targets

• Unicorn Deposit - Classic mineralised porphyry

• Total resource 105Mt @ 0.07% Mo Equiv

 Indicated resource 29Mt @ 0.09% Mo Equiv

• Grades superior to many other ASX Moly explorers + Endako Mine BC

• Significant resource upgrade potential with additional drilling  Unicorn grade likely to improve with depth similar to Henderson  Mineralised wall rock and surrounding breccia

• Very favourable project parameters

• Low Strip ratio – deposit outcrops

• Renewable power and water in close proximity / established logistics chain

• Strong community and government support / available workforce

• Unrestricted crown land is open for mining

• Very strong share price growth over last two months

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~~inclusion in the report of the matters based on his information in the form and context in which it appears.~~

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