DART MINING NL — Investor Presentation 2016

May 5, 2016

INVESTOR & ANALYST BRIEFING

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Friday May 6 & Monday May 9 2016 Melbourne & Wodonga

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Investor & Analyst Briefing | May 2016

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DISCLAIMER

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

Nothing in thisdocument shall form the basisof 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 investmentobjectives, financial situation or particular needs.

The Company hasprepared 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 naturesubject to significantuncertainties 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 documentis nota prospectusor other disclosuredocument.

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Investor & Analyst Briefing | May 2016

ORGANISATIONAL PROFILE

Company

• ACN: 119904880

• ASX Code: DTM

• Shares Outstanding: 259,924,632

• Options Outstanding: 12,473,048

• Admitted to Official List: 10 May 2007

Corporate Directory

• Legal Advisors – Cooper Grace Ward

• Auditors –MSI Ragg Weir

• Accounting –Lowell Accounting Services

• Share Registry –Link Market Services

• Corporate Finance – Terrain Capital

• IPO price: $0.20

• Top 20 Holdings: 53.47%

• Shareholders: 1375

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Investor & Analyst Briefing | May 2016

ORGANISATIONAL PROFILE

Board & Management

• James Chirnside Chairman & Managing Director

• Russell Simpson

• Director and Substantial Shareholder

• Luke Robinson

Non-executive and Independent Director

• Julie Edwards

• Company Secretary

• John Coombs Financial Officer

Technical Team

• Dean Turnbull

• Joint-manager –Geology and Exploration, Co-founder, Shareholder

• Rod Boucher

Joint-manager –Geology and Exploration

• Adam Jones

Exploration Geologist

• Olivia Turner

Geologist and Tenement Compliance

• Simon Law

Advisory Board Member –Mining Engineering

• Bernie Hochwimmer

Advisory Board Member, Co-founder, Shareholder

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Investor & Analyst Briefing | May 2016

CORPORATE TIMELINE

KEY EVENTS

• IPO MAY 2007 ($5M Raised)

• Early Gold Focus: Mt View Drilling | Fairleys Drilling | Mt Elliott Drilling

• UNICORN DISCOVERY JUNE 2008

• GFC SLOWS PROGRESS

• Maiden Resource – October 2011

• Resource Update / Scoping Study – August 2012

• Orion Mine Finance $10M investment commitment – March 2013

• Unicorn PFS Slow Down – Pending recovery of Mo Price and Metallurgical Progress (Zn and Oxide Mo Issues) – $4.5M Cash at Bank – November 2013

• 249D RECEIVED JANUARY 2014 –NEW BOARD APPOINTED

• $9.9M 15 Month Unicorn PFS Strategic Plan Announced – March 2014

• Funds dwindled to $1.17M – March 2015

• 249D RECEIVED MAY 2015 –ENTIRE BOARD REPLACED

• Unicorn Project re-evaluated and halted pending significant Mo price improvement

• Parallel Strategy Adopted

• Small Scale Gold Development / Porphyry Potential

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Investor & Analyst Briefing | May 2016

INNOVATION AUSTRALIA TAX CONCESSION REBATE ISSUE

• 2012 & 2013 claims totaling $2.035m rejected by IA in August 2015

• Elected for entitlement to right of review September 2015

• Replaced KPMG (who had in turn replaced Deloitte) in September 2015 with ITG (Alan Green) to advise Dart on preparing re-submission of original claims

• Lodged re-submission of 2012 and 2013 in March 2016

• Lodged additional concession rebate claims for FY 2014 ($133k) and FY 2015 ($88k) March and April 2016

• Dart remains confident of a positive outcome in its claims re-submission and is awaiting further communications from AI

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Investor & Analyst Briefing | May 2016

PROJECT TIMELINE

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Investor & Analyst Briefing | May 2016

TENAMENT STATUS

Tenement Number	Name	Tenement Type	Area (Grats) Unless specified	Interest	Location
EL4724	Buckland2	Exploration	82	100%	NE Victoria
EL4726	Dart1&2	Exploration	680	100%	NE Victoria
EL5058	Cudgewa	Exploration	216	100%	NE Victoria
EL5194	Mt. Alfred	Exploration	51	100%	NE Victoria
ELA6277	Empress	Exploration	APPLICATION	APPLICATION	NE Victoria
EL5468	Upper Murray	Exploration	148	100%	NE Victoria
ML5559	Mt View2	Mining	4.8 Ha	100%	NE Victoria
ML5246	Chinaman’s	Mining	5 Ha	50% JV	Central Victoria
ML5306	Phoenix	Mining	5 Ha	50% JV	Central Victoria
ML5538	Rushworth	Mining	34.8 Ha	50% JV	Central Victoria
EL4697	Beechworth	Exploration	36	50% JV	NE Victoria
EL5315	Mitta Mitta	Exploration	195	50% JV	NE Victoria

• ELA6277 (Empress) is an application awaiting priority notification, application submitted 21/4/2016

• EL5468 tenement area was reduced by 25% at its second anniversary date.

• EL5467 (McCormack’s) was surrendered during the March Quarter.

• Renewal applications submitted during the December Quarter for EL4724 (Buckland) and EL4726 (Dart) are pending approval.

• A renewal application for the three Rushworth joint venture mining tenements ML5246, 5306 and 5538 are pending approval.

• A Retention License (RL) Application over the highly prospective portions of EL4697 (Beechworth) is pending approval, exploration activities within the area of EL4697 covered by the RL Application are permitted.

• All tenements remain in good standing at 30 April 2016 (Additional Notes – see DTM March Quarterly Report).

• NOTE 1: Unicorn Project area subject to a 2% NSR Royalty agreement with BCKP Limited (Orion Mine Finance) dated 29 April 2013. NOTE 2: Areas subject to a 1.5% Founders NSR Royalty Agreement.

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Investor & Analyst Briefing | May 2016

PARALLEL STRATEGY Part A

Small-scale Gold Exploration & Production

• Own tenements or JV arrangements

• Small scale production targets (2k–50k oz.)

• Toll treatment, transport optimisation and recovery

• Permitting efficient and timely

• Project duration from 8 weeks to 2 years

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Investor & Analyst Briefing | May 2016

PROJECT SUMMARY

Gold Targets (Prioritised)

• Mt View ML5559

Approved 5 Ha Mining Licence | Main Lens

• Rushworth Group JV (MIN5246, 5306 & 5538)

• Phoenix | Fletchers | Appletons

• New Discovery (Mt View Line) EL4726

• Fairley’s EL4724

• Onslow Reefs EL4726

• Beechworth Goldfield JV EL4697 / RL Application

• Taff(North And South) | Homeward Bound | Bon Accord | Perserverance

• Saltpetre/ Zulu Goldfields EL4726

• Mitta Mitta JV EL5315 –Mitta / Mt Elmo Goldfield Sn / Ta DYKE Hosted Mineralisation | High Grade Gold Reefs

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Investor & Analyst Briefing | May 2016

PORPHYRY DEPOSITS – A Lachlan fold belt example

CADIA / RIDGEWAY – NSW (Au/Cu Porphyry)

Total Pre-mining Resources

• Cadia Hill in 1977 – 352 Mt @ 0.63 g/t Au, 0.16% Cu for 221.3 t of contained Au;

• Cadia Quarry in 2003 – 50 Mt @ 0.40 g/t Au, 0.21% Cu for 21.7 t of contained Au;

• Ridgeway in 2002 – 54 Mt @ 2.5 g/t Au, 0.77% Cu for 132.6 t of contained Au.

Total measured+indicated+inferredresources at August 2010 (Newcrest)

• Big Cadia – 42 Mt @ 0.38 g/t Au, 0.40% Cu;

• • Cadia East underground – 2347 Mt @ 0.44 g/t Au, 0.28% Cu.

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Source: Cadia, Ridgeway, Cadia East, Cadia Hill, Cadia Quarry/Extended. New South Wales, NSW, Australia Webpage: http://www.portergeo.com.au/database/mineinfo.asp?mineid=mn228

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Investor & Analyst Briefing | May 2016

PORPHYRY DEPOSITS – Cadia Ridgeway (Newcrest Mining)

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Ridgeway Discovery Hole: NC498
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Source: DISCOVERY OF THE CADIA RIDGEWAY GOLD-COPPER PORPHYRY DEPOSIT
John Holliday, Colin McMillan and Ian Tedder, Newcrest Mining Limited. Web: http://www.smedg.org.au/Sym99cadia.htm
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Investor & Analyst Briefing | May 2016

GEOLOGICAL SETTING MODEL VALIDATED

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~ 440Ma Roll-back
415 – 410Ma
Hybrid Porphyry Potential
Sn / W / Mo & Au / Cu Chemistry
Macquarie Arc (Yellow) –Host to Cadia / Ridgeway Porphyry
Interpreted to lie beneath NE Victoria –Source rocks for
Copper / Gold Porphyry Mineralisation (Recognisedby GSV)
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Investor & Analyst Briefing | May 2016

PARALLEL STRATEGY Part B

• Mega-scale Farm-out Porphyry Exploration & Development

• Own tenements

• Porphyry exploitation

• Carried interest with little or no capital outlay

• Proven track record in Porphyry exploration and discovery

• Eight Porphyry targets

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Investor & Analyst Briefing | May 2016

PROJECT SUMMARY

Prophyry Targets (Prioritised)

• Stacey’s

• Gold / Copper EL4726

• Gentle Annie

• Copper / Gold / Molybdenum EL4726

• Copper Quarry

• Copper / Molybdenum EL5194

• North Mammoth

Silver / Gold / Tin / Zinc EL4726

• Morgan

Molybdenum / Silver / Tin / Gold EL4726

• (Unicorn) Molybdenum / Copper / Silver EL4726

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Investor & Analyst Briefing | May 2016

CAPITAL MANAGEMENT

Capital Management

• Raised $200,000 in November December 2015

• Share Purchase Plan (SPP) to raise working capital and to advance progress towards exploitation of Mountain View Au project March 2016

• Directors share placement at SPP price (subject to shareholder approval) raising $80,000 May 2016

• Will raise additional capital through Private Placements, Rights Issues

• Proceeds used for acceleration towards sustainable Au production, additional small project exploration and proving as well as selective acquisitions

• A program of drilling to further prove up Porphyry targets is a high priority in order to achieve optimal carried interest inFarmout ventures

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Investor & Analyst Briefing | May 2016

Thank you for your interest, attendance and ongoing support for Dart Mining NL

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Investor & Analyst Briefing | May 2016