DART MINING NL — Investor Presentation 2011

Jun 22, 2011

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ASX ANNOUNCMENT

23 June 2011

ASX Code: DTM

Investment Data

Shares on issue 119.4m Listed options 15.6m Unlisted options 5m

Shareholders

Top 20 Hold 38.8 %

JUNE INVESTOR UPDATE – EXPLORATION TARGET ANNOUNCED.

In line with the ongoing drilling program at Unicorn and Dart Mining’s (ASX:DTM) intent to confirm its maiden JORC compliant Inferred Resource estimate, Dart Mining has prepared an updated Investor briefing presentation which includes the announcement of an Exploration Target – refer attached.

Highlights:

1. Exploration Target (**Refer to below clarification statement)

2. Tonnes: 60 to 70 Mt – from surface to 350 metres only. Drilling has previously confirmed mineable grades of molybdenum through to 570 metres.

3. Grade ranges: 0.05 - 0.06% Molybdenum (Mo)

Key Projects / Metals

• Unicorn Porphyry Mo-Cu-Ag

0.08 - 0.1% Copper (Cu) 4.0 - 5.0 g/t Silver (Ag)

• Morgan Porphyry Mo-Ag-Au

• Mountain View Lode – Au

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

1. Exploration target grades are superior to key Australian Molybdenum explorers published resource statements

2. Exploration target grades are superior to the operating Endako primary Molybdenum mine in British Columbia

3. Favourable project location, established infrastructure and local workforce

Board & Management

1. Strong pipeline of additional mineralised porphyry targets

Chairman

Mr Chris Bain

MD and CEO

Mr Lindsay Ward

Executive Director

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 9620 0033 Email: lward@westnet.com.au

Visit our webpage: www.dartmining.com.au

Clarifying Statement**

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/cm3 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.

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 Fairley’s 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

June 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$36,000/t LME

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

• Current drilling intended to confirm maiden JORC resource by 4Q 2011

• Exploration Target - surface to 350 only (Refer Slide 14 Clarification statement) � 60 to 70Mt: 0.05 - 0.06% Mo + 0.08 - 0.1% Cu + 4 - 5 g/t Ag

• Open cut potential

• Exploration Target grade > most other Australian Mo explorers

• Exploration Target grade > some overseas operating Mo mines

• Strong pipeline of news flow over next 6 months

• Regular reporting of drill results

• Metallurgical test work to enable equivalents to be reported

• Maiden JORC resource planned by early 4Q 2011

• Regional geochemistry results

• Favourable project location and infrastructure

• Established water, power and roads close to local workforce – NE Victoria

• Strong pipeline of additional mineralised porphyry targets

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CORPORATE STRUCTURE
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ASX Code:

ASX Code: DTM Shares on issue: 119.4m Market cap: $7.28m : Options 15.4m listed exercisable at 10c (31 Dec 2011) 5m unlisted exercisable at 15c (31 Dec 2013) Directors: 15.25m shares (12.8%) Top 20: 41 . 8% Cash: ~$1.1m High: 0.17.4 Low: 0.048

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COMPANY OVERVIEW
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• DTM has discovered a previously unknown Porphyry Province

• “Dart Mineral Province” within Lachlan fold belt in Victoria

• Similar structures host Cadia / Ridgeway / North Parkes in NSW

• Proven occurrence of gold and base metals

• Principle Project – Unicorn (Mo - Cu - Ag)

• Unicorn and the new province have world class potential

• Similarities to giant Climax and Henderson molybdenum mines in US

• Mineable grades intersected in all drilling programs

• Current drill program intended to confirm maiden JORC resource

• Mineralisation outcrops and is potentially suitable for open pit mining

• Other projects confirm existence of mineralised porphyry clusters within DTM’s tenements

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STRATEGIC LOCATION
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• Established

• infrastructure to support mining - water, power, roads

• • Strong Victorian Government support � 3 drilling grants

• • Established town and supportive community

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ALBURY
N.S.W
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VICTORIA CORRYONG
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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

• • Myrtleford EL 5123

• • Mt Alfred EL 5194

• TOTAL: 2,750 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 / Rideway / 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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UNICORN MOLY SOIL ANOMOLY
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UNICORN Mo-Cu-Ag PROJECT
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• A large multi pulse porphyry intrusive system with overlapping phases of molybdenum, copper and silver

• Very similar to giant Henderson and Climax primary molybdenum mines in Colorado

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• Third drill program commenced in May

• 1200 metre diamond drilling program

• Hole 7 - complete to 450m

• Hole 8 - 250m drilled / 100m to go

• Hole 9 - planned 350m

• AMC Consultants advised on hole design and will be assisting with the estimation of the deposits Resources in accordance with JORC

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UNICORN Mo-Cu-Ag PROJECT
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• Initial drilling confirmed extensive mineralisation

• Hole 5 - 574m @ 0.05% Mo including 106m @ 0.08% Mo, 0.15% Cu and 4.5 g/t

• Hole 4 – 423 m @ 0.05% Mo including 163m @ 0 . 06% Mo , 0.11% Cu and 7.4g/t Ag

• Intercepts comparable to operating mines

• Open cut potential

• Metallurgical test work underway

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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. Exploration Target only quoted down to 350 metres. Valley floor 450 metres below surface.

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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$36,000 per tonne, compared with Cu ~US$8,800

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UNICORN COMPARISON WITH
ASX MOLY EXPLORERS PUBLISHED RESOURCES
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Company	Market Cap (A$ m’s)	Resource Status	Tonnes (Million)	Mo Grade (%)	Cu Grade (%)	Ag Grade (g/t)	Access / Location
Moly Mines	$313M	Spinifex Ridge Proven	450	0.05	0.08	1.3	Very Remote
Aussie Q	$44M	Whitewash Inferred + Indicated	242	0.026	0.12	1.54	Remote
Zamia Metals	$18M	Anthony Inferred	233	0.042	-	-	Remote
Dart Mining NL	$7M	Unicorn Exploration Target**	60 – 70 (First 350m – open at depth)	0.05 - 0.06	0.08 - 0.10	4 - 5	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/cm3 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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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 prospectively 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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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	�	�	�	Limited
Morgan	�	�	x	�	x	Limited
Boebuck	�	�	x	�	x	x
Bunroy	�	�	x	�	x	x
Dart Pluton String	�	x	x	�	x	x
Dinner Creek	�	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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CATALYSTS / NEWS FLOW
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June July August Sept Oct Nov
W3 W4 W1 W 2 W3 W4 W1/2 W3/4
Hole 7 Results
x x x
Exploration x
Target
Community x
Meeting
Hole 8 Results
x x
Hole 9 Results
x x
Met Results
x
JORC Resource
x
Regional x
Geochem
Scoping Study TBA
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CONCLUSION
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• DTM has discovered a new mineralised porphyry province with world class potential

• “Climax style” is unique in Australia

• Proven grassroots explorer and target generator

• Unicorn Project - Classic mineralised porphyry

• Drilling underway – progressive results July / August

• Maiden resource by early fourth quarter 2011

• Exploration Target grades superior to other ASX Moly explorers published resources + better than Endako Mine in BC

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

• Experienced Board with the required skills to take Unicorn from exploration target through to development

• 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

• � Mineralisation open to north and south

• Fairleys

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

• Alluvial gold production from 1853-1919 source not yet found

• Potential 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. 21