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DART MINING NL — Regulatory Filings 2011
Nov 7, 2011
64792_rns_2011-11-07_19ac3ca4-692e-4726-9951-b28ba20c22db.pdf
Regulatory Filings
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ASX ANNOUNCMENT
08 November 2011
DART MINING RECEIVES BELL POTTER RESEARCH COVERAGE
ASX Code: DTM
Investment Data
Shares on issue 142.1m Listed options 15.4m Unlisted options 8.35m
Shareholders
Top 20 Hold 38.5 %
Key Projects / Metals
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Unicorn Porphyry Mo-Cu-Ag
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Morgan Porphyry Mo-Ag-Au
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Mountain View Lode – Au
Mo – Molybdenum Cu – Copper Au – Gold Ag – Silver
Dart Mining NL has received initial research coverage from Bell Potter Securities. The report can be down loaded from the Dart Mining website – www.dartmining.com.au
About Molybdenum
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 steel’s resistance to corrosion. Molybdenum also has a range of chemical uses including acting as s a catalyst to remove impurities such as sulphur in crude oil production as well as the paint and plastics industries.
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.
Molybdenum is traded on the LME and has worldwide demand of ~ 220,000 tonnes pa that is growing at 5% pa.
Board & Management
Chairman
Mr Chris Bain
Managing Director
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: [email protected]
About Dart Mining
Dart Mining NL (ASX:DTM), a Victorian-based exploration company, has discovered a new mineralised province hosting molybdenum (Mo) + copper (Cu) + silver (Ag) mineralised climax style porphyry igneous intrusive. The Dart Mining mineral province occurs within the Lachlan Fold Belt near Corryong in north east Victoria and is the only known Australian host of Climax style porphyries which are proven hosts of world class mines around the world. The Lachlan Fold Belt and Gilmore suture that cross from NSW into Dart Mining’s tenements in Victoria are proven hosts of substantial porphyry mines including North Parkes, Cadia and Ridgeway in NSW and the Benambra VMS to the south of Dart Mining’s tenements in Victoria.
Dart Mining recently announced its maiden JORC Resource for its principal project Unicorn, which has very strong geological similarities to the world class Henderson primary Mo mine in Colorado, USA. Dart Mining tenements remain largely underexplored and the potential for identifying additional mineralised porphyries is very strong.
Dart Mining also has 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.
Visit our webpage: www.dartmining.com.au