DART MINING NL — Investor Presentation 2011

Sep 6, 2011

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DART INVESTOR PRESENTATION

ASX ANNOUNCMENT

HIGHLIGHTS:

7 September 2011

ASX Code: DTM

Investment Data

• Maiden JORC Inferred Resource to be released in October

• Metallurgical testing of Unicorn Mo + Cu + Ag well advanced

• $1.1 million raised

• High share trading and price activity

Shares on issue 140m Listed options 15.6m Unlisted options 5m

Shareholders

Top 20 Hold 39.4 %

Key Projects / Metals

• Unicorn has multiple stacked high grade zones similar to Henderson

• • Scoping study to commence 1Q 2012

• Conceptual study for Unicorn to be initiated that will determine potential economic pit shape and mine layout plans

• Regional geochemistry results – late November 2011

• Targeted and fast tracked exploration that will allow ranking of known porphyry targets to be completed and development of very specific exploration plans to find the next Unicorn

• 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

Mr Chris Bain

MD and CEO

Mr Lindsay Ward

Executive Directors

Mr Dean Turnbull Manager – Exploration

Non-Executive Directors

Mr Stephen Poke Mr Richard Udovenya

Contact Details

Dart Mining NL Level 2 395 Collins Street Melbourne VIC 3000 Australia

Mr Lindsay Ward Phone: +61 (0)3 9621 1299 Email: lward@dartmining.com.au

Visit our webpage: www.dartmining.com.au

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About M olybdenum

Molybdenum is both a traditional and new age / future metal with unique characteristics. Its primary use is as an essential metal in the manufacture of steel where it adds strength, hardness and toughness as well as increasing steels resistance to corrosion. Molybdenum also has a range of chemical uses including acting as s a catalyst to remove impurities, including sulphur, during crude oil production. Molybdenum is also used in the paint and plastics industry.

Molybdenum has a growing use in the renewable energy sector where it is used in the manufacture of solar panels and has a potential use as the electrode plate for the separation of hydrogen and oxygen to produce hydrogen energy. Molybdenum is also used in nano technologies to make electrical goods smaller.

The world demand for Molybdenum is growing at approximately 5% per year. Molybdenum is traded on the LME and is currently priced at approximately $US$36,000 per tonne being approximately four times that of copper at approximately US$8800 per tonne with silver at approximately US$38 / oz.

About Dart Mining

Dart Mining NL, a Victoria-based exploration company, has discovered a new mineralised province hosting molybdenum - copper – silver (Mo-Cu-Ag) mineralised porphyry intrusives. The province occurs within the Lachlan Fold Belt near Corryong in north east Victoria. The Lachlan Fold Belt is a proven host of substantial porphyry hosted mines including North Parkes, Cadia and Ridgeway.

Dart also has a number of other very prospective porphyry intrusives as well two gold projects including Mountain View where drilling identified high-grade gold along a 150 metre strike with results including 6m @ 7.8 g/t Au (including 2m @ 19.3 g/t Au) and 4m @ 8.72 g/t Au (including 1m @ 18.75 g/t Au)as well as the Fairleys disseminated gold prospect where drilling has confirmed the presence of a very large (up to 22 metres in width) disseminated sulphide related gold system.

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Managing Director

Sept 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$34,000/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 to be declared by October 2011

• Exploration Target - (Refer Slide 16 Clarification statement)

  • 60 to 70Mt: 0.05 - 0.06% Mo + 0.08 - 0.1% Cu + 4 - 5 g/t Ag

• Open cut potential – mineralisation outcrops – very low strip ratio

• Exploration Target grade > most other Australian Mo explorers

• Exploration Target grade > Endako Mine in British Columbia

• Strong pipeline of news flow over next 3 months

• Maiden JORC resource - early October 2011

• Metallurgical test work – late October 2011

• Regional geochemistry results – late November 2011

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

• Strong pipeline of additional mineralised porphyry targets

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CORPORATE STRUCTURE
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ASX Code: DTM
Shares on issue: 140m
Market cap: ~$12m
:
Options 15.6m listed exercisable at 10c (31 Dec 2011)
5m unlisted exercisable at 15c (31 Dec 2013)
Directors: 11m shares (7.9%)
Top 20: 39 . 04%
Cash: ~$1.5m
Volum e('000) Share Price Performance and Volume Price ($)
4,000 0.20
0.18
3,500
0.16
3,000
0.14
2,500 High: 0.114 0.12
2,000 0.10
0.08
1,500
0.06
1,000
Low: 0.048 0.04
500
0.02
0 0.00 4
Aug-10 Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Aug-11
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DTM TENEMENTS
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GRANTED LICENCES

• Dart EL 4726

• Cudgewa EL 5058

• Buckland EL 4724

• Boe b uc k EL 5132

• Bunroy EL 5131

• Mt Alfred EL 5194

TOTAL: 2,400 Km[2]

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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

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• 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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UNICORN Mo-Cu-Ag PROJECT
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• DTM has discovered a new mineralised

porphyry province

• World class potential – grossly underexplored

• “Climax style” Unicorn intrusion is unique in Australia - CODES

• Unicorn has Multiple stacked high grade zones s m i il i Cli max en d erson ar to g ant / H

• Mineralisation outcrops and is suitable for open pit mining

• Unicorn has grade and tonnes PLUS

• Renewable power within 10 kilometres

• Available water

• Local workforce and community infrastructure

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• Logistics to market already in place

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UNICORN and HENDERSON ARE SIMILAR
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DRILL RIG
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Conceptual Geological Cross Section – Unicorn Porphyry (LEFT) and at the same scale the Urad – Henderson Ore Deposit, Red Mountain, Colorado, USA (RIGHT). Modified composite section compiled from various sources including: Wallace 1978-1995, Seedorf & Einaudi 2004 and Banks 2009.

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STRATEGIC LOCATION
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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
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VICTORIA CORRYONG
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UNICORN Mo + Cu + Ag PROJECT
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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 600 metres. Valley floor 350 metres below surface .

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Unicorn - East West Section
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• All drill holes have intersected high grades of Mo + Cu + Ag

• Mineralisation outcrops

• Initial metallurgical test work is well advanced

• Hole 5 574m @ 0 . 05% Mo including 106m from surface @ 0.08% Mo + 0.15% Cu + 4.5 g/t Ag

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• Hole 4 – 423 m @ 0.05% Mo including 163m from surface @ 0.06% Mo + 0.11% Cu + 7.4g/t Ag

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UNICORN North - South Section
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• Recent drilling has confirmed multiple stacked mineralised zones similar to Henderson and Climax

• Hole 8 - first drill hole through center of Unicorn - 40m @ 0.08% Mo including 18m @ 0.11% Mo

• Hole 7 - 121m @ 0.06% Mo, 147m @ 0.13% Cu and 86m @ 6.07 g/t Ag

• • Hole 9 - 144m @ 0.05% Mo + 0.03% Cu + 3.60g/t Ag including 8m @ 0.09% Mo

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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

• • Mo ~US$34,000 per tonne, compared with Cu ~US$8,000

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UNICORN Mo + Cu + Ag PROJECT
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CORE LOGGING

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CORE CUTTING

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NEW CORE PROCESSING FACILITY DRILL RIG CORRYONG INNOVATION PARK

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UNICORN Mo + Cu + Ag PROJECT
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MOLYBDENUM A SOFT, GREY NON TOXIC MINERAL WITH PROPERTIES UNLIKE ANY OTHER ELEMENT

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DRILL RIG
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UNICORN COMPARISON WITH
OTHER ASX MOLY EXPLORERS
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	Share Price ($)	Marke t Cap (A$)	Resource Status	Tonne (M’s)	Mo Grade (%)	Cu Grade (%)	Ag Grade (g/t)	Mo Recov. (%)	Strip Ratio	Access / Infra
Moly Mines	0.23	$223M	Spinifex Ridge Proven	450	0.05	0.08	1.3	89 - 92	Sub Surface	Very Remote
Aussie Q	0.23	$33M	Whitewash Inferred + Indicated	242	0.026	0.12	1.54	?	Sub Surface	Remote
Zamia Metals	0.061	$13M	Anthony Inferred	233	0.042	-	-	90	Sub Surface	Remote
Dart Mining NL	$0.085	$12M	Unicorn Explor. Target**	60 – 70 (Open)	0.05 - 0.06	0.08 - 0.10	4 - 5	Likely to be 90	Above Ground	Very Good

_ The potential quantity and grade of the Unicorn Exploration Target is conceptual in nature, there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource. The grade range indicated is based on grades from all diamond drilling intersecting the porphyry above an arbitrary depth of 350m below surface. A total intersection of some 1600m of diamond drilling has been utilised in the estimate of the grade range for the three metals. The tonnage range estimation is based on a modelled volume of porphyry intrusive (2.65 g/cm[3] assumed specific gravity) constrained by surface mapping, geophysics and drilling. The volume range represents a geological boundary and does not include mineralised wall rock material at this time.**_

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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 Exploration Target has a grade range of 0.05 – 0.06% Mo + 0.08 – 0.1% Cu + 4 – 5 g/t Ag (see previous slide for an explanation of Exploration Target and associated grade ranges).

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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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NO RESTRICTIONS ON MINING
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• Victorian State Forest is “Open for Mining”

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

• Mineral Resources Act 1990 Section 6 - enables mining in State Forest

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

• Unicorn is on unrestricted Crown land

  • No DSE flora or fauna overlays within the Unicorn area

  • No known native title issues or previous claims

• Bendigo and Stawell gold mines developed within State Forests

• Unicorn will not impact on prime 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

• Strong Community support

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VERY STRONG COMMUNITY SUPPORT
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INDICATIVE PROJECT PROGRAMME
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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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SUMMARY
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• DTM has discovered a new mineralised porphyry province

• Proven grassroots explorer and target generator

• Unicorn Project - Classic mineralised porphyry

• Maiden resource by early fourth quarter 2011

  • Exploration Target 60 to 70Mt: 0.05 - 0.06% Mo + 0.08 - 0.1% Cu + 4 - 5 g/t Ag

  • Refer Slide 16 - Exploration Target Clarification statement

• Exploration Target grades superior to other ASX Moly explorers + Endako

• Strong similarities to the primary Moly mines - Climax and Henderson

• Very favourable project parameters

• Outcrops /renewable power/water/logistics/workforce

• Strong community and government support

• State forest is open for mining

• Experienced and cohesive Board and management team

• Strong pipeline of additional porphyry targets

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PROSPECTIVE GOLD PROJECTS
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• DTM to focus on Unicorn

• Looking to Divest or JV its Gold Projects

• Mountain View

• Prospective gold project, 45km south of Corryong

• Limited drilling on two lenses - high grade gold lode with intersections up to 6m @ 21.79 g / t and 9m @ 10.2 g / t Au

• � Potentially 5,000 plus ounces already defined � Mineralisation open to north and south

• Fairley’s

• A ‘rediscovery’ by Dart Mining’s exploration team

• Entirely new style of disseminated (non reef) gold

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of Mineral Resources and Ore Reserves” (or “JORC Code”). Mr Turnbull has provided written consent to the inclusion of this information in the form and context in which it appears in this report. 25