DART MINING NL — Investor Presentation 2024

Aug 28, 2024

Triumph Gold Project Acquisition

Webinar

August 2024

Mr. James Chirnside – Executive Chairman Mr. Owen Greenberger – Head of Exploration

==> picture [262 x 57] intentionally omitted <==

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

ASX: DTM
----- End of picture text -----

FORWARD LOOKING STATEMENTS CAUTION

Certain statements contained in this document constitute forward looking statements. Such forward-looking statements are based on a number of estimates and assumptions made by the Company and its consultants in light of experience, current conditions and expectations of future developments which the Company believes are appropriate in the current circumstances.

These estimates and assumptions while considered reasonable by the Company are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, achievements and performance of the Company to be materially different from the future results and achievements expressed or implied by such forward-looking statements.

Investors are cautioned that forward looking information is no guarantee of future performance and accordingly, investors are cautioned not to place undue reliance on these forward-looking statements.

==> picture [106 x 32] intentionally omitted <==

ASX:DTM

2

CORPORATE PROFILE

Board & Management

Senior Management

==> picture [85 x 85] intentionally omitted <==

==> picture [85 x 85] intentionally omitted <==

==> picture [85 x 86] intentionally omitted <==

==> picture [106 x 32] intentionally omitted <==

• Mr. Owen Greenberger Head of Exploration, Geologist

Mr. James Chirnside

• Executive Chairman

• Mr. Terry Bates

Head of Business Development, Geologist

Mr. Dean Turnbull

• Mr. Andrew Dawes

• Non-Executive Director, Founder, Geologist

• Manager Queensland Exploration, Geologist

• Ms. Julie Edwards

Mr. Richard Udovenya

Co. Secretary, Accounting, ASX

• Non-Executive Director, Lawyer

ASX Code	DTM
Ordinary Shares on issue	~258.43m
Options & Performance Rights	~13m
3 Market Capitalisation @ 0.02	~A$5.0m	ASX:DTM

• TRIUMPH GOLD PROJECT – Acquisition & Project Highlights Acquisition Highlights

• Consideration: $1m cash, $1m shares payable on completion

• Current holder Sunshine Metals (ASX: SHN) to remain substantially invested via DTM share ownership

• Resource acquisition cost equates to ~$16.95 per ounce in the ground.

• Established mining district with workforce and infrastructure

• Project has scope to host large intrusion related gold system (IRGS) >1moz [1]

• Generation of regular news flow around drilling results and resource expansion

• Project Highlights

• [2]

• Existing JORC 2012 compliant Inferred resource of approx. 118,000 oz at 2.03g/t Au

• More than 85% of the resource within 100m of surface

• Less than 20% of mineralisation strike-length has been drill tested, with all five established resource zones open along strike and at depth

• Existing high quality Geological and Geophysical datasets

• Additional undrilled target areas and zones identified for drill testing

==> picture [106 x 32] intentionally omitted <==

Note 1 : ASX SHN: Drilling confirms large-scale Au system at Triumph Project (15 June 2023) Note 2 : ASX SHN: Robust Maiden Resource at Triumph Gold Project (31 March 2022) ASX:DTM 4

Two Tranche Placement and Entitlements Issue

Two Tranche Placement

• T1 & T2 placement to professional and sophisticated investors

• Tranche 1 A$775,299 settling 5th September

• Tranche 2 A$1.08m of firm commitments settling early to mid-October

• Reflected strong shareholder and investor support

• Priced at $0.012 cents, with 1:2 12-month option, Strike $0.02 cents

Entitlement Issue

• 1:3 Non-renounceable Entitlements Issue to eligible shareholders

• Raising up to A$1.3 million assuming placement of shortfall

• Entitlement issue to allow existing shareholders the opportunity to participate in the equity raising on the same terms as T1 & T2 Placement

Use of Funds

• Triumph Gold Project acquisition

• Exploration activities Victoria and Queensland

• Working capital

==> picture [106 x 32] intentionally omitted <==

==> picture [450 x 41] intentionally omitted <==

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

Note 1 : ASX DTM August 2024
ASX:DTM
5
----- End of picture text -----

==> picture [783 x 386] intentionally omitted <==

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

TRIUMPH GOLD PROJECT – Regional Geological Setting & Footprint
Tenement Area (km [2] ) Unless Interest intended to be
Number Name Tenement Type specified acquired from SHN Location
EPM18486 North Calliope Exploration Licence 102.4 100% Queensland
EPM19343 South Calliope Exploration Licence 35.2 100% Queensland
Location of the Triumph Project – QLD [3]
*EPM18486 & EPM19343 are also subject to a 1% gross revenue royalty on gold, with Sunshine (Triumph) Pty Ltd having a pre-emptive
right to acquire the royalty. Bonus payments totalling up to $6m will also be payable to Roar Resources Pty Ltd on the declaration of a
JORC mineral resource, as follows: $1,500,000 for a mineral resource of 500,000oz in aggregate, $2,000,000 for a mineral resource of
1,000,000oz in aggregate, and $2,500,000 for a mineral resource of 2,000,000oz in aggregate, all calculated on an Au Equivalent basis
(see: SHN ASX announcement 25 September 2020 Prospectus, Sections 7.6 & 7.7) [7]
----- End of picture text -----**

** subject to completion of the Sale and Purchase Agreement – Triumph Gold Project in accordance with its terms

==> picture [106 x 32] intentionally omitted <==

==> picture [229 x 21] intentionally omitted <==

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

Note 3 : SHN ASX announcement Prospectus (25 September 2020)
6
----- End of picture text -----

==> picture [293 x 41] intentionally omitted <==

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

ASX:DTM
----- End of picture text -----

TRIUMPH GOLD PROJECT – Deposit Style

Triumph – Intrusive Related Gold (IRG) System

• The Triumph mineralisation is currently interpreted to be an IRG system which tend to show significant depth potential.

• The region is known to host major intrusion related gold (IRG) systems, porphyry and epithermal style gold and copper-gold systems

• § Ravenswood 7 Moz Au

• § Mt Rawdon 3 Moz Au

• § Cracow 3 Moz Au § Mt Morgan 8 Moz Au (VMS & IRGS)

• Triumph shows geological similarities to other large IRG systems in the district with Sunshine Metals Ltd recent drilling reported as confirming Triumph is analogous to the Ravenswood Mine (5.6Moz Au Resource – 2024)[ 5]

• Intrusion related gold system

• Fractured tonalite host rock

• Mineralisation and alteration are similar with gold in quartz/sulphide veins with some carbonate and sericite alterations selvages around the lodes

• Ravenswood and Triumph - in common - have galena and arsenopyrite

==> picture [357 x 264] intentionally omitted <==

Deposit Style of the Triumph Project – adapted from Morrison (2014)[4]

• Recent drilling showed mineralisation over a large area to the south (2km from MRE lodes), west and north demonstrating that Triumph is a big system.

==> picture [106 x 32] intentionally omitted <==

Note 4 : ASX SHN: Sunshine Gold Limited Prospectus (25 September 2020) Note 5 : ASX SHN: Follow Up Drilling at Liontown (19 June 2024)7

==> picture [293 x 41] intentionally omitted <==

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

ASX:DTM
----- End of picture text -----

TRIUMPH GOLD PROJECT – Maiden Mineral Resource Estimate (MRE)

Triumph – Mineral Resource Estimate (MRE)

• Over 90% of the current Resource of 118,000 oz at 2.03g/t Au at Triumph is hosted in 20% of the 3km long (6km of delineated structure) Southern Corridor, shallower than 100m[7]

• Sunshine Metals Ltd report initial metallurgical test work indicates recoveries in excess of 96%[6]

• The resource remains open along strike and at depth

==> picture [290 x 148] intentionally omitted <==

Current Resources area (black) - Southern Corridor and projected mineralisation (pink) correlate well with elevated chargeability. Yellow arrows highlight extensional areas subject to follow up drilling (2022-2023)[6]

Maiden Mineral Resource Estimate at Triumph Gold Project[6]

==> picture [385 x 103] intentionally omitted <==

Note 6 : ASX SHN: Robust Maiden Resource at Triumph Gold Project (31 March 2022) Note 7 : ASX SHN: Drilling confirms large-scale Au system at Triumph Project (15 June 2023)

==> picture [291 x 175] intentionally omitted <==

Current Resources area (black) – Northern Corridor and projected mineralisation (pink). Yellow arrows highlight extensional areas subject to follow up drilling (2022-2023)[6]

==> picture [106 x 32] intentionally omitted <==

ASX:DTM

8

TRIUMPH GOLD PROJECT – Exploration Potential

Triumph – Exploration Potential

• Good quality exploration datasets available across the project.

• Norton tonalite host clearly represented in Magnetic imagery

• Existing resource areas are positioned in a lower magnetic response zone within the tonalite.

• Magnetic low response in centre of tonalite similar to Mt Rawdon, Ravenswood and Mt Leyshon

• Introduced mineralising fluid causing potassic alteration and is destroying magnetic signature of the tonalite

==> picture [106 x 32] intentionally omitted <==

==> picture [463 x 399] intentionally omitted <==

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

Rock chip 9.6g/t Au
magnetic low (blue)
Rock chip 255g/t Au
Rock chips 62g/t
and 18g/t Au
ASX:DTM
9
----- End of picture text -----

TRIUMPH GOLD PROJECT – Ravenswood Surface Comparison

• Ravenswood is a multi-million-ounce production mine within proximity to the Triumph project

• Ravenswood plan showing proposed early development

• Tonalite host rock

• Vein hosted sulphide rich mineralisation

• Intersecting cross cutting structures

• Multiple vein loads within close proximity at surface

==> picture [290 x 147] intentionally omitted <==

==> picture [106 x 32] intentionally omitted <==

==> picture [431 x 319] intentionally omitted <==

==> picture [408 x 41] intentionally omitted <==

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

ASX:DTM
10
----- End of picture text -----

TRIUMPH GOLD PROJECT – Depth Potential Ravenswood Comparison

==> picture [446 x 316] intentionally omitted <==

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

W E
New Con South Con Big Hans Super Hans
TDH001 21NCRC008
1.0m @ 30g/t Au 6.0m @ 13.1g/t Au
150m below surface 22SHRC019
1.0m @ 8.3g/t Au 22NCRC024 TDH0051.0m @ 5.0g/t Au 1.0m @ 5.5g/t Au 140m below surface
200m below surface 1.0m @ 13g/t Au 260m below surface
TDH002
1.0m @ 5.4g/t Au 240m below surface 21NCRC013 2.0m @ 15.1g/t Au 1.0m @ 8.2g/t Au 240m below surface
----- End of picture text -----

==> picture [360 x 220] intentionally omitted <==

• Ravenswood Cross section from 2019 Resource statement

• 5 years of project development beyond this point

• Current production ~200koz beyond 2035

• Images at similar scale

• Significant grade seen at depth at Ravenswood, Remains Untested at Triumph

==> picture [106 x 32] intentionally omitted <==

ASX:DTM 11

TRIUMPH GOLD PROJECT – Resource Growth

Triumph – Resource Expansion Potential

• 3,695m of RC drilling completed by Sunshine Metals (2022/23) to enable a low-cost resource update and expansion at early stage

• Infill and step-out drill testing planned by Dart Mining both within the resource zones and along projected mineralization

Further Resource Potential:

• Extension of resource below 100m depth

• Continued drill testing of historic mines such as Advance and large satellite geochemical anomalies already showing positive RC drill results

• New prospects such as the magnetic-low at the intrusive core and mineralisation adjacent to the Norton Fault

==> picture [529 x 237] intentionally omitted <==

Plan View – 3km long Southern Corridor maiden resource block model (only 20% of which is included with the current MRE down to 100m depth). Sunshine Metals Ltd highlights of recent (2022/2023) RC drilling (yellow) and previous drilling (white) illustrating step out drill results outside the MRE area[8]

Potential to define million-ounce Ravenswood style deposit[8]

Note 8 : ASX SHN: Drilling confirms large-scale Au system at Triumph Project (15 June 2023)

12

DART ACTVITY SUMMARY – Project timelines

• Money raised will provide working capital to cover ongoing exploration efforts across Victoria and Queensland.

• Triumph becomes flagship project

• Victorian exploration will continue with focus on Central Victorian Gold

• The Company is actively seeking Partnerships and Investment or Divestment opportunities across the Eastern States of Australia to improve the prospectivity of our Projects and tenement holdings.

	Project Timelines	Project Timelines	Project Timelines	Project Timelines	Project Timelines	Project Timelines	Project Timelines	Project Timelines	Project Timelines	Project Timelines	Project Timelines
		Project Meters	September	October	November		December	January	February	March	April
	Rushworth Drilling	1,500
	Triumph Project acquistion Completion
	Triumph Resource Model Update
	Triumph Diamond Drilling	4,500
	Resource Classification Upgrade Driling	900
	Resource Expansion	1800
	ExistingExploration Target Follow Updrilling	900
	Greenfields Exploration Targeting	900

FIELD IMAGES

==> picture [137 x 103] intentionally omitted <==

==> picture [137 x 103] intentionally omitted <==

==> picture [137 x 103] intentionally omitted <==

==> picture [137 x 103] intentionally omitted <==

==> picture [137 x 103] intentionally omitted <==

==> picture [158 x 118] intentionally omitted <==

==> picture [137 x 103] intentionally omitted <==

==> picture [139 x 101] intentionally omitted <==

==> picture [87 x 117] intentionally omitted <==

==> picture [103 x 138] intentionally omitted <==

==> picture [103 x 138] intentionally omitted <==

==> picture [160 x 121] intentionally omitted <==

==> picture [137 x 103] intentionally omitted <==

==> picture [414 x 41] intentionally omitted <==

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

ASX:DTM
14
----- End of picture text -----

==> picture [106 x 32] intentionally omitted <==

DISCLAIMER

The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation in not investment or financial product advice and is not intended to be used as the basis for making investment decisions. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you should consider, with or without the assistance of a financial advisor, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances.

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Dart Mining NL, their directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies.

==> picture [106 x 32] intentionally omitted <==

ASX:DTM 15