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DART MINING NL Investor Presentation 2024

Mar 10, 2024

64792_rns_2024-03-10_8f5e867d-9a78-4ee9-bd4c-4b6b4532a5f2.pdf

Investor Presentation

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Exploring and Developing Mineral Prospectivity in Eastern Australia

Master Investor Show - London

Saturday, 9th of March 2024

Mr. James Chirnside - Managing Director

FORWARD LOOKING STATEMENTS CAUTION

Certain statements contained in this document constitute forward looking statements. Such forwardlooking 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.

CORPORATE PROFILE

Board & Management

  • Mr. James Chirnside $\bullet$
  • Chairman, Managing Director

  • Mr. Dean Turnbull
  • Non-Executive Director,
  • Founder, Geologist

  • Mr. Richard Udovenya
  • Non-Executive Director, Lawyer
ASX Code DTM
Ordinary Shares on issue $^{\sim}$ 227m
Options & Performance Rights $\mathsf{\sim}13\mathsf{m}^\prime$
Market Capitalisation @ 0.018 $\sim$ A\$4.0m

Senior Management

  • Mr. Owen Greenberger Manager Exploration, Geologist
  • Ms. Julie Edwards Co. Secretary, Accounting, ASX
  • Ms. Aimee Coates
  • Manager Business
  • Mr. Brad Milne Manager Drilling

MINERALS EXPLORATION BUSINESS

Minerals exploration company "Nirvana" is....

Partially or completely self-funded exploration activities through the generation of inbound cashflow

Dart Corporate Profile and Objectives

  • Develop Inbound Farm-in / Joint Venture relationships to partially reduce capital dependency on shareholders and thereby reducing dilution
  • Inbound Farm-in / Joint Ventures create inbound cashflow enabling capital clawback / cash surplus generation i.e. transportable camps avoiding costly accommodation expenditure
  • Dart has finished preparing Information Memorandums on all of its major exploration projects. The IM's are used for marketing to potential JV Mining companies
  • Develop Outbound Farm-in / Joint venture relationships where Dart Explores and Drills earning equity in various projects in Victoria and NSW along the Lachlan Fold Belt
  • Adopt administrative and operational capabilities that reduce external dependencies and expenditures i.e. electronic platforms used for everything from employee on-boarding, equipment tracking, fuel usage, and expenditure allocation to JV partners

Dart Operational Profile and Objectives

  • Dart is self-reliant in most exploration activities including drilling, field work, and geological assessment / modelling
  • Dart operates its own own Drill rig. Darts costs of drilling are on par with the lowest drilling costs of any exploration $\bullet$ . company in Australia
  • Dart makes its own internal geological assessments, and from time to time enlists outside assistance on specialist matters
  • Dart operates its own transportable field camps that allow for significant cost savings
  • Dart owns a "Vegetation Offset" block utilising offset units for internal purposes as well as selling units to the open market
  • To date Dart has sold ~A\$2m worth of offsets to the market and proceeds of these sales flow to Dart over a nine-year period

DART COMMODITY EXPOSURES

Anomalous poly-metallic occurrences of 14 out of 32 prescribed "Critical Minerals" (Geoscience Aust.)

  • The most anomalous within Dart's licence areas include;
  • Gold (Au), Silver (Ag), Lithium (Li), Copper (Cu), Molybdenum (Mo), Tungsten (W), Tin (Sn), Caesium (Cs), Niobium (Nb)
  • Immediate priority metals and prospectivity include;
  • Gold (Au), Silver (Ag), Copper (Cu), Lithium (Li) and Molybdenum (Mo)
  • Current exploration campaigns focussed on;
  • Gold & Lithium

Gold, Silver, Lithium, Copper, and Molybdenum all positive in price outlook for the medium-term

ASXOTIVE

EXPLORATION FOOTPRINT

  • Significant landholding in Eastern Australia with ~7,000 km2 tenement $\bullet$ area (approximately the size of Lincolnshire)
  • Mostly in the Orogenic (mountainous) regions of Eastern Australia $\bullet$
  • Rich in historic Gold and Tin mining, the area is underexplored in $\bullet$ contemporary times using modern methods
  • Footprint includes: $\bullet$
  • 80+ Geological target projects across 6 work areas
  • 9 Historic Goldfields
  • 1,000 LCT (Li, Cs, Ta) Pegmatite dykes

  • 8 Au-Cu, Mo-Cu Porphyry targets
  • Geographic focus on NE Victoria, Eastern Victoria and NSW along the Geologically renown Lachlan Fold Belt
  • Diverse geological setting $\bullet$
  • Orogenic Au
  • Porphyry (Bulk tonnage) Cu-Au, Mo-Cu-Ag
  • Li-Cs-Ta Pegmatites
  • Commodity exposures to Precious metals, Base metals, and Critical $\bullet$ minerals
  • An established technical team with extensive experience in Lachlan Fold Belt Geology

6

*Not all prospects shown PROJECT PIPELINE - Shifting to the right

WORK SCHEDULE 2024

Priority Projects

Dorchap Lithium (Li)

  • Continuation of Surface mapping and sampling program
  • Completion of ground-truthing of LiDAR identified outcrops (~600 targets)
  • Planning of Diamond Drilling (DD) program
  • Permitting of planned DD campaign
  • Geochemical review of entire project area
  • Additional drill target identification

Rushworth (Au)

  • Initial 1,200m of DD across Growlers Reef & West Growlers
  • Regional fieldwork across EL008161 upon grant
  • 4,000m of additional DD across multiple identified high priority targets

Additional Projects

Dart Goldfield (Au)

• Field Mapping and sampling of identified targets

Mt Unicorn Porphyry (Mo, Cu, Aq)

• Metallurgical review and test-work of historic bulk samples

Walwa Project (Li, Sn)

• Field mapping and sampling of identified Lithium targets

Buckland Gold Project (Au)

  • Further field mapping and sampling across priority targets
  • DD campaign north of Fairley's ridge

FIELD IMAGES

ASX:DTM

Projects Review

  • Dorchap (Li)
  • Rushworth (Au) $\bullet$
  • Buckland (Au) $\bullet$
  • · Unicorn (Mo, Cu, Ag)
  • Granite Flat (Au-Cu) $\bullet$ .
  • Northern Porphyries

DORCHAP Lithium Project (Farm-in JV) - Summary

Location

  • Situated in the Dorchap Range, between the townships Eskdale & Glen Wills
  • First mover land position over important project location $\bullet$

Style

  • Pegmatite hosted Lithium-Caesium-Tantalum $\bullet$ (LCT) mineralisation
  • Spodumene & Petalite mineralisation, with localised $\bullet$ lepidolite & amblygonite

Scale

  • 20x12km zone of highly-fractionated pegmatites identified $\bullet$ from surface sampling
  • 1,000 LCT pegmatite dykes across the dyke swarm

  • Multiple Li mineralised pegmatite dykes identified, with Li hosted primarily by spodumene

All work fully funded through Joint Venture with SQM Sociedad Quimica y Minera

11

ACVADIEN

DORCHAP (Farm-in JV) Lithium Project - Highlights

Results released 13/9/23

Drilling

  • MIDDH009
  • 10.0m @ 1.08% Li2O from 313m
    • Including 7.0m $@$ $1.38\%$ Li2O from 315m
  • MIDDH010
  • 2.0m @ 1.07% Li2O from 302m
    • Including 1.0m $@$ 1.38% Li2O from 303m
  • MIDDH002
  • 16.75m $\textcircled{0.21\%}$ Li2O (Eagle Dyke)
    • inc. 0.81m @ $1.2\%$ Li2O
  • MIDDH005
  • 3.01 m $@$ $0.26\%$ Li2O (Fergussons Dyke)
    • inc. 0.62m @ 1.63% $Li2O$

$|z_h|$

Rock Chips

A) Natural Light

10m @ 1.38% Li2O (rockchip sampling) 10m @ 1.22% Li2O (rockchip sampling) 10m @ 0.95% Li2O & 20m @ 0.33% Li2O (Eagle Dyke) 16m @ 0.32% Li2O, (Bluejacket Dyke) 4m @ 12.3% spodumene & 1.13% Li2O (Gosport)

B) Longwave UV Light

RUSHWORTH Goldfield - Summary

Location

Dart Mining tenements cover the entire Rushworth Goldfield, located in Central Victoria, 45km northeast of the Fosterville Gold Mine - considered to be the most profitable gold mine, of significance, in the world owned by Agnico Eagle (NYSE:AEM, TSX:AEM)

Style

Rushworth mineralisation is of an orogenic epizonal quartz-vein style that is interpreted to be genetically $\bullet$ similar to the nearby Central Victorian high-grade gold systems

Scale

  • Recent LiDAR processing has identified >4,600 (shallow) historic workings along some 14km of strike $\bullet$
  • The Rushworth Goldfield is vastly under-explored using contemporary exploration methods $\bullet$
  • Historic mining efforts were defeated by water ingress and most workings ceased at ~40m $\bullet$

ASKOTIVI

RUSHWORTH Goldfield Footprint & Exploration Leases

Regional

  • EL8161 application in progress, $\bullet$ highest ranked of competing applications over the area.
  • Contains the extension of: $\bullet$
  • Rushworth Goldfield, $\bullet$
  • Historic Whroo Goldfield, $\bullet$
    • Containing the Historic $\bullet$ . Balaclava Mine, and
  • Extension of the Moormbool $\bullet$ Fault,
    • a major north South $\bullet$ structure associated with Costerfield Mine
  • Region well serviced with $\bullet$ infrastructure

RUSHWORTH Goldfield - Location and Historic Workings

Location of historic workings identified in LiDAR imagery, with key historic prospects and Dart Mining tenements identified. Even at this broad scale, structural trends and the orientation of multiple reef systems is apparent – Dart Mining ASX April 2023

ASX:DTM

RUSHWORTH Goldfield - Structural similarities vs. nearby Fosterville Gold Mine

Structural model of Fosterville (A) and the Phoenix Hill – Chinaman's Gully area, Rushworth (B), displaying structural and mineralisation characteristics typical of Central Victorian orogenic gold mineralisation. Mineralisation along limb-thrust faults, is notable of most significant Central Victorian goldfields (Castlemaine, Bendigo, Ballarat, Fosterville, Rushworth). Fosterville model (A) modified from Volleger et al. (2020). Phoenix Hill cross-section compiled from geological mapping completed by Jones & Turnbull (2014) and Boucher (2016). Figure modified from Dart Mining ASX November 2020,

ASXOTM

RUSHWORTH Goldfield - Drilling Underway

  • Drilling has commenced at Rushworth $\bullet$ targeting the Growlers Hill Reef.
  • Three Structural Targets $\bullet$
  • East West Thrust Hosted Quartz Veins $\bullet$
    • Bedding and hinge related faulting
  • North South Veins $\bullet$ .
    • Structural accommodation of Lachlan Origin subduction roll back
  • Saddle Reefs $\bullet$
    • Bendigo style hinge related $\bullet$ mineralisation
  • Drilling is targeting the North South Growlers $\bullet$ Hill Reef dilation zone, and the intersection of the Thrust Hosted Quartz Veins of West Growlers

BUCKLAND Goldfield - Summary

• Location

  • Part of 6.9Moz1 Rutherglen-Beechworth-Harrietville gold district $\bullet$ .
  • Primary + Alluvial production
  • Buckland shows extensive shallow primary workings (>100) but $\bullet$ . low primary production
  • Scale
  • 17.5km strike identified to date from ~7,500 surface samples
  • Multiple parallel structures identified
  • Thick mineralisation intersected >180m below surface
  • Mineralisation extends to over 10m width at surface and down hole
  • Style
  • Shear hosted, orogenic gold system
  • Multiple mineralization styles evident
    • Vein-hosted high-grade gold
    • Broad zones of disseminated sulphide hosted gold
  • Recent RAB Drilling Highlights2 Fairleys Prospect
  • 13m @ 4.82 g/t Au from 12m
    • $\cdot$ incl 2m @ 11.6 g/t Au from 20m
  • $11m \omega$ 2.64 g/t Au from 28m
    • $\cdot$ incl 3m @ 7.49 g/t Au from 29 m
  • 10m @ 2.27 g/t Au from 4m
    • $\cdot$ incl 2m @ 5.52 g/t Au from 7m
  • 2m @ 4.70 g/t Au from 17m and 3m @ 2.62 g/t Au from 26m

Note 1. Historic production figures from: PHILLIPS G.N., 2010. Victorian Gold Province, Australia: A Contemporary Exploration Guide. GeoScience Victoria Special Publication

mine location data (red dots) from F. Sargent Historical Mining Activity layer (GeoVic:

https://earthresources.vic.gov.au/geologyexploration/maps-reports-data/geovic) for reference. Modified from Dart Mining ASX September 2019

UNICORN Mo-Cu-Ag Porphyry - Summary

Location

Situated approximately 20km to the South of Corryong township, and approximately 30km west of Mt Kosciusko on the Victorian-NSW Border

Style

  • Large rhyolite intrusive with similar geology to the giant Climax & Henderson Molybdenum mine in Colorado, USA
  • Also contains significant Copper and Silver

Scale

Total Measured, Indicated, and Inferred Resource: 203Mt JORC (20042 ) at 0.06% MoEq1

Mineralisation

  • Open at Depth and Laterally below 1200m
  • Expand initial oxide molybdenum metallurgical studies

Note 1: Molybdenum Equivalent Assumptions: Based on relative value (with reference to the average price) of each metal in the 2 months June 22nd to August 23rd 2012 listed on the LME for Molybdenum and Copper and average price for the same period for Silver as follows:

  • Mo US\$25,871 per tonne
  • Cu US\$7515.7 per tonne
  • Ag US\$27.6 per ounce

The Molybdenum Equivalent grade should not be interpreted as actual molybdenum grade as the conversion ratios vary with the volatile prices of Mo, Cu and Ag. However, it is the Company's opinion that elements considered here have a reasonable prospect to be recovered.

$1$ MoEq (ppm) = Mo (ppm) + (Cu (ppm) / 3.44) + (Ag (ppm) x 34.3) (Dart Mining ASX September 2012)

2 A Resource Update using a new geological model that defines the extent of Oxide, Transition and Sulphide zones is required due to identified variation in the metallurgical recovery for Oxide Mo & Cu zones. Resource update planned during the PFS phase.

GRANITE FLAT Cu-Au Project- Summary

Location

• Situated adjacent to the Omeo Highway, between Mitta Mitta & Glen Wills

Style

  • Two mineralisation styles identified:
  • Intrusion-related Cu-Au long intervals of low-grade $\bullet$ Cu-Au
  • Hydrothermal overprint Narrow silica-sulphide veins of high-grade Au-Cu-Ag $\pm$ Pb, Zn

Scale

  • 1.8x 2.4km soil Cu-Au footprint, additional anomalies open in all directions
  • · Significant remanent magnetism anomalies identified north of project footprint
  • IP chargeability and resistivity anomalies identified across $1.5 \times 2.0$ km footprint
  • Significant intervals of Cu-Au mineralisation intersected

up to 180m below surface

NORTHERN PORPHYRIES

Location

Surrounding Unicorn, additional porphyry $\bullet$ targets exist within 10km radius

Style

  • Development of the Unicorn System. $\bullet$
  • Large Silica Cap, and Unidirectional $\bullet$ Solidification Textures (UST's) indicate overpressureing of the system and development of multiple, more developed intrusive stocks

Scale

Unknown, but holds significant potential. $\bullet$

Mineralisation

Holds the potential for further developed $\bullet$ intrusives moving from Mo dominated to Au-Cu potentials similar to NSW.

ASX DIM

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.