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DART MINING NL Regulatory Filings 2021

Oct 10, 2021

64792_rns_2021-10-10_9cd2cfed-4a5f-422e-9b9c-d340aa07c490.pdf

Regulatory Filings

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ASX Release 11[th] October 2021

Granite Flat Diamond Drilling Update

Dart Mining NL (ASX:DTM) (“Dart Mining” or “the Company”) is pleased to announce that ongoing drilling at Dart’s Granite Flat Copper-Gold porphyry project in Northeast Victoria has encountered two separate mineralised silica-sulphide vein systems in a follow-up diamond drill program subsequent to the identification of significant intersections in RAB and RC drill results from 2020 and 2021.

Highlights

  • Multiple silica-sulphide intercepts on structurally-controlled silica-sulphide mineralisation at Sulphide Shaft (holes EMDDH001 & EMDDH003)

  • EMDDH001 terminated in unmapped workings, however 1.3m of silica-sulphide breccia was recovered:

  • 1.3m @ 0.73 g/t Au & 9.9 g/t Ag (silica-sulphide breccia)

  • 3.1m @ 0.22% Cu (Silica-sulphide & adjacent shear zone)

  • EMDDH003 intercepted two intervals of silica-sulphide breccia and stringer vein mineralisation

  • 11m silica-chalcopyrite-pyrite between 73.6-84.6m downhole

  • 2.3m silica-chalcopyrite-sphalerite-galena between 88.3-90.6m downhole

  • Stringer vein quartz-chalcopyrite mineralisation between 62.8-73.6m and 119.4-120.7m

  • EMDDH004 is currently at 82m and has intersected a broad, 62m zone of potassic alteration between 20-82m, and is designed as a twin to hole EMPRAB28, which contained a high-grade intersection of 19m @ 9.4 g/t Au, 19 g/t Ag & 0.61% Cu , including 3m @ 41.1 g/t Au, 92.9 g/t Ag and 1.52% Cu , that terminated in mineralisation

  • Strong alteration encountered adjacent to mineralisation

  • Drilling is ongoing, with largest IP anomaly target, planned in the coming weeks

  • Samples from EMDDH001, EMDDH002 and EMDDH003 are currently being processed for assays

Chairman, James Chirnside commented: “Almost every corner we turn at Granite Flat gives us higher levels of confidence and encouragement. We are particularly buoyed by the alteration zones and associated silica-sulphide mineralisation from recent diamond drilling. We recognise an immediate need for commencement of a deep diamond drill program into the recently defined geophysical targets as soon as practical.”

Visit our webpage: For more information, contact: Dart Mining NL www.dartmining.com.au James Chirnside, Managing Director ABN: 84 119 904 880 Email: [email protected] 412 Collins Street Find us on LinkedIn: Phone: +61 447 447 613 Melbourne Dart Mining NL VIC 3000 Page | 1

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Diamond Drilling

The first four holes of Dart Mining’s maiden diamond drilling program at Granite Flat have targeted vein-style silica-sulphide mineralisation and follows up on promising intersections identified through the 2020 RAB drilling program (Dart ASX 8[th] March 2021). The first four diamond holes have targeted two separate structures, with holes EMDDH001–003 located near the Sulphide Shaft workings and EMDDH004 twinning EMRAB28, which provided a high-grade intersection of 19m at 9.4 g/t Au, 19 g/t Ag & 0.61% Cu , including 3m @ 41.1 g/t Au, 92.9 g/t Ag and 1.52% Cu in Dart Mining’s 2020 RAB drilling campaign (Dart ASX 8[th] March 2021).

  • EMDDH001 and EMDDH003 intersected chalcopyrite-pyrite mineralised silica-sulphide breccia, with subordinate Zn, Pb and As sulphides (Figures 1 & 2).

  • Holes EMDDH001–EMDDH003 designed to target silica-sulphide breccia intercepted in RAB holes EMPRAB01–EMPRAB03 which included several significant intercepts, including:

  • 45m @ 0.12% Cu, including 8m @ 0.4% Cu , and 20m @ 0.21 g/t Au (EMPRAB01)

  • 10m @ 0.85 g/t Au & 11 g/t Ag , and 17m @ 0.15% Cu (EMPRAB02)

  • 28m @ 0.35% Cu, including 9m @ 0.73% Cu , and 20m @ 0.96 g/t Au, including 3m @ 3.5 g/t Au (EMPRAB03)

  • EMDDH001 intersected 1.3m of silica-sulphide breccia before penetrating unmapped mine workings near Sulphide Shaft (Figure 2). Recovered silica-sulphide breccia and the adjacent shear zone interval assayed at 1.3m @ 0.73 g/t Au, 9.9 g/t Ag from 52.3-–53.6m and 3.1m @ 0.22% Cu from 50.5–53.6m (silica-sulphide-breccia and adjacent shear zone).

  • EMDDH002 encountered 21.4m of variably potassic and sericite altered granodiorite bearing disseminated sulphides and thin stringer veins of pyrite and chalcopyrite. The proportion of sulphides increased near base of hole, in addition to a gradational change to a more mafic lithology. Hole abandoned due to collapse.

  • EMDDH003 intersected two intervals of silica-sulphide mineralisation between 73.6–84.6m and 88.3–90.6m (Figure 1), within a broad zone of potassic-altered granodiorite carrying disseminated pyrite and chalcopyrite, as well as two zones of stringer vein quartz-chalcopyrite mineralisation between 62.8–73.6m and 119.4–120.7m (Figures 1 & 2).

  • EMDDH004 is underway and is currently at 82m of planned 130m. EMDDH004 has intersected a broad, 62m zone of potassic alteration between 20–82m, and is designed as a twin to hole EMPRAB28, which contained a high-grade intersection of 19m @ 9.4 g/t Au, 19 g/t Ag & 0.61% Cu , including 3m @ 41.1 g/t Au, 92.9 g/t Ag and 1.52% Cu and terminated in mineralisation (Figure 3; Dart ASX 8[th] March 2021).

At the conclusion of EMDDH004, the rig will be moved to target the largest IP anomaly identified in the recent survey, with a planned hole to 400m depth (Figure 4; Dart ASX 29[th] September 2021).

In addition to generating new diamond core, Dart Mining has obtained historic core from holes GF1 to GF6 drilled between 1987–1989 from Granite Flat by Meltech Ltd. These cores have only been selectively sampled, despite showing good intersections of unsampled disseminated sulphide associated with potassic alteration and stringer vein silica-chalcopyrite-pyrite mineralisation. Dart Mining is currently reprocessing this core to obtain maximum value from all available sources in its assessment of the Granite Flat project.

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Figure 1 – A, B & C) Examples of silica-sulphide breccia in EMDDH003 from between 73.6 and 90.6m downhole. A) multi-phase silica-sulphide breccia. B &C) Detailed images of breccia, showing sulphide mineralisation of clasts and matrix from EMDDH003. D) Core tray from 61.0–64.0m downhole in EMDDH004 showing 1.1m of weakly brecciated silica-chalcopyrite-pyrite mineralisation from 62.3m. E) Details of silica-chalcopyrite mineralisation at 63.0m. F) Detail of stringer vein silica-chalcopyrite mineralisation at 57.9m downhole in EMDDH04.

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Figure 2 – NE-SW oriented section through drilling at Sulphide Shaft showing the distribution of mineralisation and alteration styles identified. Samples from EMDDH001, EMDDH002 and EMDDH003 are currently being processed for assays. Further details from RAB holes EMPRAB01, EMPRAB02 and EMPRAB03 can be found in Dart ASX 8[th] March 2021. Inset image from 74.7m in EMDDH003 showing silica-chalcopyrite-pyrite mineralised breccia. Abbreviations: Qtz – quartz, Cpy – chalcopyrite, Py – pyrite.

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Figure 3 – ENE-WSW oriented section through drilling across high-grade mineralisation identified in RAB holes EMPRAB28 and EMPRAB29 (Dart ASX 8[th] March 2021), showing the distribution of mineralisation and alteration styles identified. Diamond hole EMDDH004 is currently still being drilled, and samples will be processed for assays shortly. Further details from RAB holes EMPRAB28 and EMPRAB29 can be found in Dart ASX 8[th] March 2021. Inset image from 63.0m in EMDDH004 showing silica-chalcopyrite-pyrite mineralised breccia.

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Figure 4 – Induced polarity (IP) 2D chargeability inversion model from Granite Flat overlain with existing drillhole orientation and depth, demonstrating the limited depth extent of existing drilling in relation to identified targets. Position and orientation of the next diamond drillhole, EMDDH05 indicated. No vertical exaggeration. For further details on geophysical anomalies and interpretation, refer to Dart ASX 29[th] September 2021.

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Figure 5 – Location of diamond drillhole collars at the Granite Flat project. Additional collar details in appendix 1.

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Project Summary

The Granite Flat prospect is located nine kilometres southeast of Mitta Mitta township and is accessed via the Omeo Highway. Historically, the prospect was mined at several small production centres between 1856 and 1918, following an initial discovery identified by tracing the source of alluvial gold in the Mitta River upstream. Previous explorers have targeted the area with geophysical surveys, rock chip, soil and stream sediment sampling, and drilling and trenching. Historic soil grids have established several large, strong Cu-Au anomalies that have seen variable drilling efforts across the prospect. In total, 18 costeans, 52 reverse circulation (RC) and 19 diamond drillholes have been completed by previous explorers between 1986–1997 (Meltech Ltd., CRA Exploration [now Rio Tinto], and Perseverance Mining Ltd.). The broad intersections of low grade Cu-Au mineralisation returned in historic drilling and Dart’s recent 42 hole RAB drilling program are hosted within potassic, chlorite and epidote-altered granodiorite, further confirming the potential for porphyry style mineralisation (Dart ASX 8[th] March 2021).

Mineralised zones at Granite Flat are hosted within the Banimboola Quartz Monzodiorite (BQM). The BQM has been broadly identified as hosting a porphyry style of Cu-Au mineralisation associated with I-type granitoid and sulphide veins, with alteration varying from silicic to argillic to propylitic, with moderate to high background copper (Hesp, 1974; Bolger et al ., 1983; Ramsay & Vandenberg, 1986; Wilde, 1988). Monzonite intrusive bodies are often the host of porphyry systems in the Lachlan Fold Belt. Additionally, the Granite Flat prospect lies adjacent to the Gilmore Suture, a significant crustalscale structure that is associated with the emplacement of several porphyry Cu-Au systems across the border in New South Wales. Whilst still in the early stages of exploration, Dart Mining geologists believe that many of the geological characteristics and mineralised features of the Granite Flat prospect correspond with key elements of the porphyry exploration model.

––– END –––

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Figure 6 – Location of the Granite Flat Cu-Au porphyry project, Northeast Victoria.

For more information contact:

James Chirnside

Managing Director Dart Mining NL [email protected] +61 447 447 613

Peter Taylor Investor Relations NWR Communications [email protected] +61 412 036 231

About Dart Mining

Dart Mining’s (ASX: DTM) objective is in exploring, evaluating, and developing, several historic goldfields, as well as validating a new porphyry province in North East Victoria. The area is prospective for precious, base, battery, and other strategic metals. These include Lithium, Gold, Silver, Copper, Molybdenum, Zinc, Tungsten, Tin, Tantalum, and other important minerals. Dart Mining has built a strategically important gold exploration footprint in the Central and North East regions of Victoria, where historic surface and alluvial gold mining proves the existence of a significant regional gold endowment.

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Additional JORC Information

Further details relating to the information on the Granite Flat Copper-Gold Project can be found in Dart Mining’s ASX announcements:

29[th] September 2021: “Multiple Drill Targets Idenfied at Granite Flat”

14[th] September 2021: “Encouraging Copper-Gold Drill Results from Granite Flat”

31[st] August 2021: “Granite Flat Geophysics Program Complete”

1[st] June 2021: “Commencement of Second Drilling Program at Granite Flat”

27[th] May 2021: “Initiation of Geophysical Surveys at Granite Flat”

11[th] May 2021: “Diamond Drilling Program for Copper-Gold Mineralisation Commences”

18[th] March 2021: “LiDAR Acquisition over Strategic Projects”

8[th] March 2021: “Granite Flat High-Grade Gold, Silver, Copper Drill Results”

7[th] December 2020: “Northeast Drilling Program Complete”

9[th] November 2020: “Commencement of Drilling Copper-Gold Mineralisation at Granite Flat” 27[th] October 2020: “Orogenic Gold and Porphyry Prospectivity, Mitta Mitta, NE Victoria”

Additional information on Dart Mining’s other recent and current exploration activities can be found in:

6[th] October 2021: “Lithium Drilling Update”

22[nd] September 2021: “Mt Elmo Goldfield Mineralisation”

20[th] July 2021: “Strategic and Technology Metals”

6[th] April 2021: “Strong Gold Mineralisation Intercepted at Rushworth”

16[th] February 2021: “Sandy Creek Significant Gold Mineralisation”

7[th] December 2020: “Northeast Drilling Program Complete”

16[th] November 2020: “Drilling Commencement, Historic Rushworth Goldfield”

5[th] November 2020: “Rushworth Historic High-Grade Goldfield”

30[th] October 2020: “Report for the quarter ended 30[th] September 2020”

19[th] October 2020: “Drill Results Reveal High-Grade Gold”

1[st] September 2020: “Drilling of Gold Mineralisation Commencing”

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Competent Person’s Statement

The information in this report has been prepared, compiled, and verified by Dr. Ben Hines PhD, MSc, a Competent Person who is a Member of the Australian Institute of Geoscientists. Dr. Hines is the Exploration Manager for Dart Mining. Dr. Hines has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a competent person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr. Hines consents to the inclusion in the report of the matters based on his information in the form and context in which it appears

Forward-Looking Statement

Certain statements contained in this document constitute forward-looking statements. Forward-looking statements include, but are not limited to, Dart Mining’s current expectations, estimates and projections about the industry in which Dart operates, and beliefs and assumptions regarding Dart’s future performance. 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. When used in this document, words such as; “anticipate”, “could”, “intends”, “estimate”, “potential”, “plan”, “seeks”, “may”, “should”, and similar expressions are forward-looking statements. Although Dart believes that its expectations presented in these forward-looking statements are reasonable, such statements 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.

References

  • Bolger, P. F., Thorne, H. R., Wood, P. D., Cook, C. E., & Rogerson, R. J. (1983). Palaeozoic geology of the Dartmouth Dam area, North-eastern Victoria. Proceedings of the Royal Society of Victoria , 95 , 259-271.

  • Cuffley, B. W. (1987). EL1546 Granite Flat, NE Victoria: Report for the period 27/03/1987 to

  • 26/09/1987 on Gold Exploration . Alluvial Prospectors Ltd. EL1546_G24515_198709_Half. 29p.

  • Cuffley, B. W. (1988). EL1546 Granite Flat, NE Victoria: Report for the period 27/03/1988 to 26/09/1988 on Gold Exploration . Alluvial Prospectors Ltd. EL1546_G2447_198809_Half. 13p.

  • Hesp, W. R. (1974). Geochemical features of Sn–Ta–Nb mineralisation associated with granitic rocks in south-eastern Australia. Metallisation Associated with Acid Magmatism , 1 , 170-180.

  • Ramsay, W. R. H., & VandenBerg, A. H. M. (1986). Metallogeny and tectonic development of the Tasman Fold Belt System in Victoria. Ore Geology Reviews , 1 (2-4), 213-257.

  • Wilde, A. R. (1988). A review of Gold Mineralisation in Eastern Australia. Bureau of Mineral Resources Geology and Geophysics, Report 1989/30. 132 p.

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APPENDIX 1

DIAMOND HOLE COLLAR DETAILS

Hole ID Easting
(MGA
Z55)
Northing
(MGA
Z55)

RL
(m)
Depth (m) Azimuth
(Mag)

Dip

Notes
EMDDH001
540820
5949559
566
53.5 34 -60
_Terminated in workings _
EMDDH002
540821
5949558
567
50.9 47 -71
Hole collapsed
EMDDH003
540820
5949566
566
137.6 46 -70
EMDDH004
541467
5949782
636
(underway) 66 -75
Currently at 82m

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APPENDIX 2

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TENEMENT STATUS

All tenement applications continue to pass through the approvals process with the tenements remaining in good standing as of the 30[th] of June 2021 (Table 1.1 – Figure 1.1).

Table 1.1. TENEMENT STATUS

Tenement
Number
Name Tenement Type Areas in km2 unless
otherwise specified


Interest
Location
MIN006619 Mt View2 Mining License 224 Ha 100% NE Victoria
EL5315 Mitta Mitta4 Exploration Licence 172 100% NE Victoria
EL006016 Rushworth4 Exploration Licence 32 100% Central Victoria
EL006277 Empress Exploration Licence 165 100% NE Victoria
EL006300 Eskdale3 Exploration Licence 183 100% NE Victoria
EL006486 Mt Creek Exploration Licence 190 100% NE Victoria
EL006861 Buckland Exploration Licence 414 100% NE Victoria
EL007007 Union4 Exploration Licence 3 100% Central Victoria
EL006994 Wangara Exploration Licence 142 100% Central Victoria
EL007008 Buckland West Exploration Licence 344 100% NE Victoria
EL006764 Cravensville Exploration Licence 170 100% NE Victoria
EL006865 Dart EL (Application) 567 100% NE Victoria
EL006866 Cudgewa EL (Application) 508 100% NE Victoria
EL007099 Sandy Creek EL (Application) 437 100% NE Victoria
EL007170 Berringama EL (Application) 27 100% NE Victoria
EL007430 Buchan EL (Application) 546 100% Gippsland
EL007435 Goonerah EL (Application) 587 100% Gippsland
EL007425 Deddick EL (Application) 341 100% Gippsland
EL007428 Boebuck EL (Application) 355 100% NE Victoria
EL007426 Walwa EL (Application) 499 100% NE Victoria
RL006615 Fairley’s2 Retention License 340 Ha 100% NE Victoria
RL006616 Unicorn1&2 Retention License 23,243 Ha 100% NE Victoria

All tenements remain in good standing as of 30[th] June 2021.

NOTE 1: Unicorn Project area subject to a 2% NSR Royalty Agreement with Osisko Gold Royalties Ltd dated 29 April 2013.

NOTE 2: Areas subject to a 1.5% Founders NSR Royalty Agreement.

NOTE 3: Areas are subject to a 1.0% NSR Royalty Agreement with Minvest Corporation Pty Ltd (See DTM ASX Release 1 June 2016).

NOTE 4: Areas are subject to a 0.75% NSR Agreement on gold production, payable to Bruce William McLennan.

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Figure 1.1: Location of Dart Mining’s exploration properties in Northeastern Victoria.

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APPENDIX 3

JORC CODE, 2012 EDITION – TABLE 1

SECTION 1 SAMPLING TECHNIQUES AND DATA

Criteria JORC Code Explanation Commentary
Sampling techniques
Nature and quality of sampling (e.g. cut channels, random chips, or
specific specialised industry standard measurement tools appropriate to
the minerals under investigation, such as down hole gamma sondes, or
handheld XRF instruments, etc.). These examples should not be taken as
limiting the broad meaning of sampling.

Include reference to measures taken to ensure sample representivity and
the appropriate calibration of any measurement tools or systems used.

Aspects of the determination of mineralisation that are Material to the
Public Report.

In cases where ‘industry standard’ work has been done this would be
relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m
samples from which 3 kg was pulverised to produce a 30 g charge for
fire assay’). In other cases more explanation may be required, such as
where there is coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (e.g. submarine nodules)
may warrant disclosure of detailed information.

Reverse circulation (RC) drilling was used to obtain 1m bulk samples (~ 30 kg) from
6 holes in June 2021 which were collected in plastic bags and examined for
lithological logging purposes.
• RC samples off the cyclone were split via a cone splitter, with duplicate splits
collected in calico bags, which were removed every 1m to produce 1m composite
samples (~ 1.5kg). One calico was sent for assay, and one was retained as library
sample. The second calico was sent for assay every 20 samples as a field duplicate.
The cyclone was cleaned out at the end of each hole and periodically during
drilling.

Rotary Air Blast (RAB) drilling was used to obtain 1m bulk samples (~ 15 kg) from
42 holes in 2020 which were collected in plastic bags and examined for lithological
logging purposes.

RAB samples off the cyclone were split via a riffle splitter and collected in a calico
bag, which was removed every 1m to produce 1m composite samples (~ 1.5kg).
The cyclone was cleaned out at the end of each hole and periodically during
drilling.

Diamond core was sampled as half core at 1m intervals or to geological or
mineralogical boundaries, where relevant, to a minimum sample size of 0.2m and a
maximum of 1.3m. To ensure representative sampling, half core samples were
always taken from the same side of the core.

Whole holes are sampled at this preliminary stage.
• For RAB & RC sampling in interpreted mineralised or altered zones, 1m samples
were submitted for analysis.
• In interpreted unmineralized zones, 1m sample composites were submitted.
• Samples submitted to ALS were whole sample crushed to 70% <2mm, riffle/rotary
split off 1 kg, pulverise to >85% passing 75 microns, then assayed by ALS methods
AU-AA26 (50g sample aliquot by fire assay), ME-MS61 (0.25g sample aliquot by
four-acid digest and ICP-MS and ICP-AES analysis), Cu-OG62 (0.4g sample aliquot
by three acid digest, HCL leach and ICP-AES), and Ag-OG62 (0.4g sample aliquot by
three acid digest, HCL leach and ICP-AES).
• Certified Reference Materials OREAS 235, OREAS 237, OREAS 245, OREAS 503d,
OREAS 504c and OREAS 506 as well as CRM blank OREAS C27c were inserted every
10 samples aspart of aQA/QC system.

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• Chip samples are taken continuously perpendicular to the general strike of
mineralised structures in outcrop, and large samples (4 – 7kg) are taken where
possible to provide a more representative sample. The chip samples are of
adequate quality to be indicative of the area sampled.
• Grab samples were collected from the outcrop over a small area (<1 – 5m in
diameter). The grab samples are generally small (i.e., <7kg) and represent the
local area only, sampling only tests a small aerial extent, and are not considered as
being representative of the outcrop. The grab samples are of adequate quality to
be representative of the small area sampled and approximate the sampled in situ
mineralisation.
• Rock samples were dried, crushed and whole sample pulverized and riffle split. A
sample aliquot (50g) is taken for analysis. Gold has been analysed by ALS Method
Au-AA26 – a fire assay technique for total digestion, and ME-MS61 – a four acid
digest with multi-element analysis, considered a total extraction technique for most
metals (inc. Cu, Ag, Zn, Pb).
• All-drill related data are referenced to the original ASX report by date published. All
details appear in the original report.
Drilling techniques
Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air
blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or
standard tube, depth of diamond tails, face-sampling bit or other type,
whether core is oriented and if so, by what method, etc.).

Diamond drilling was carried out with NQ2 sized equipment with standard tube.

Drill core was oriented with a Reflex orientation tool.

Six RC drillholes were drilled by Durock Pty Ltd limited over the extent of
mineralised structures.

Face sampling 5 ¾’ RC drilling

Holes EMRC01 & EMRC02 were surveyed using a Trushot camera. Verified using
clinometer and compass survey of rods.

Holes EMRC03 to EMRC06 were surveyed with an Axis Champ gyro.

42 RAB drillholes were drilled by EDrill Pty Ltd limited over the extent of
mineralised structures.

RAB drilling utilised a face sampling 90 mm hammer and bit

RAB holes surveyed using an Eastman single shot camera for collar shots. Verified
using clinometer and compass survey of rods.

All-drill related data are referenced to the original ASX report by date published. All
details appear in the original report.
Drill sample recovery
Method of recording and assessing core and chip sample recoveries and
results assessed.

Measures taken to maximise sample recovery and ensure representative
nature of the samples.

Whether a relationship exists between sample recovery and grade and
whether sample bias may have occurred due to preferential loss/gain of
fine/coarse material.

Recoveries from diamond drilling were measured and recorded in a database.
Recoveries were typically 100% in fresh rock, with minor core loss in mineralised
zones. No relationship has been observed between core recovery and grade.

Each 1m sample was weighed and results recorded to monitor sample recovery – a
high average recovery was achieved in all holes.

Experienced geologists ensured best drilling and sampling practices were
maintained.

Experienced drillers ensured best drilling and sampling practices were maintained,
including pausingdrillingbetween sample intervals to ensure all sample is out of

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the system and regular cleaning of the sampling equipment.

There was no observable relationshipbetween sample recoveryandgrade.
Logging
Whether core and chip samples have been geologically and
geotechnically logged to a level of detail to support appropriate Mineral
Resource estimation, mining studies and metallurgical studies.

Whether logging is qualitative or quantitative in nature. Core (or
costean, channel, etc.) photography.

The total length and percentage of the relevant intersections logged.

All diamond holes were logged for recovery, geology, and structure.

Diamond core was photographed both when wet and dry.

All holes were logged in their entirety.

Sample sizes are considered appropriate to correctly represent the mineralisation
style, and the thickness and consistency of intersections being sampled.

RC and RAB drill chips were geologically logged at 1m intervals for lithology
(including quartz types and percentages), alteration and mineralisation, and drilling
conditions.

Representative chips from each metre were collected in chip trays. Chip trays were
photographed.

100% of the drillingwas logged.
Sub-sampling
techniques and sample
preparation

If core, whether cut or sawn and whether quarter, half or all core taken.

If non-core, whether riffled, tube sampled, rotary split, etc. and whether
sampled wet or dry.

For all sample types, the nature, quality and appropriateness of the
sample preparation technique.

Quality control procedures adopted for all sub-sampling stages to
maximise representivity of samples.

Measures taken to ensure that the sampling is representative of the in
situ material collected, including for instance results for field
duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain size of the material
being sampled.

Diamond core was cut in half using a core saw at either 1m intervals or to prescribed
geological contacts.

All samples were collected from the same side of the core to ensure sample
representivity.

Samples were collected from a cone splitter mounted directly beneath the cyclone.

Samples from all intervals were collected as 1m composite samples at the splitting
stage at the drill site.

12.5% of the sample was split with the remainder collected in residue bags.

All samples above 125m were dry in hole EMRC01, below this between 125-165m,
12 wet samples were collected.

All samples above 147m in hole EMRC05 were dry; below this 9 wet samples were
collected.

The sampling procedure is appropriate for the mineralisation style of
disseminated copper-gold and is better described in the body of the report.

The samples were sent to ALS Global Laboratories,Pooraka SA.
Quality of assay data
and laboratory tests

The nature, quality and appropriateness of the assaying and laboratory
procedures used and whether the technique is considered partial or
total.

For geophysical tools, spectrometers, handheld XRF instruments, etc.,
the parameters used in determining the analysis including instrument
make and model, reading times, calibrations factors applied and their
derivation, etc.

Nature of quality control procedures adopted (e.g. standards, blanks,
duplicates, external laboratory checks) and whether acceptable levels of
accuracy (i.e. lack of bias) and precision have been established.

Samples were submitted to ALS Global (Pooraka) and analysed for gold using ALS
methods AU-AA26 (fire assay is considered a total extraction technique for gold)
and ME-MS61 (four acid digest is considered a total extraction technique for
copper exploration), Cu-OG62 (ore grade copper by three acid digest and HCl
leach) and Ag-OG62 (ore grade silver by three acid digest and HCl leach). These
techniques are appropriate and considered a total extraction technique for Au &
Cu.

Samples were whole sample crushed, pulverised and assayed by ALS method AU-
AA26, ME-MS61, Cu-OG62 and Ag-OG62.

Au standards OREAS 235, OREAS 237, and OREAS 245, along with porphyry copper
standards OREAS 503d, OREAS 504c and OREAS 506, as well as rhyodacite blanks
(OREAS C27e) were included every 20 samples as part of the internal QA/QC
system. All results are within expected confidence limits.

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A field duplicate sample was collected every 20 samples and analysed within the
same sample run.

ALS conducted their own internal laboratory checks.

Laboratory blanks, standards are reviewed per batch to monitor accuracy and
precision.
Verification of
sampling and assaying

The verification of significant intersections by either independent or
alternative company personnel.

The use of twinned holes.

Documentation of primary data, data entry procedures, data verification,
data storage (physical and electronic) protocols.

Discuss any adjustment to assay data.

EMDDH004 represents a twinned hole of EMPRAB28

Modelling of IP and MT data completed by Fender Geophysics and Southern Rock
Geophysics. Data interpretation and review completed by Mackey Geophysics,
prior to review by Dart Mining and consulting geologists.

The laboratory supplies all assay data as an export to a CSV file. The raw data is
edited to separate all duplicates and CRM results into a QA/QC tab in the CSV file
and reviewed.

Verification of significant intersections were made by alternative company
personnel.

No independent review of assay data has been carried out.

Data were logged onto paper and transferred to a spreadsheet and checked.

Electronic-only assay data is imported into a spreadsheet from the laboratory’s
electronic data.

No holes were twinned at this early exploration stage.

Below detection limit data is identified in Appendix 1 using a < character followed
bythe detection limit.
Location of data points
Accuracy and quality of surveys used to locate drill holes (collar and down-
hole surveys), trenches, mine workings and other locations used in Mineral
Resource estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.

The location of drill hole collars and geological mapping confirmed using a Garmin
GPSMAP 66i GPS, set to MGA94 Grid Datum (Zone 55) with topographic control
taken from the GPS. Accuracy is variable but maintained <3m during the mapping
process with constant visual quality assessment conducted.

Hand-held GPS was used to survey a control point and drill hole collar positions
are then measured by tape and compass relative to the GPS control. The accuracy
between holes is <0.5m but absolute accuracy is relative to the original GPS
control point at <5m.
• Due to abrasion of stainless survey inner tube, Trushot camera was replaced with
an Atlas gyro to orient holes. Hole surveys were measured at 30m intervals
downhole (RC drilling).
• All maps, plans and data are on an MGA datum and GDA94 zone 55 projection.
• Elevation is established from the GPS control point.
• The location of the chip & grab samples and geological mapping used a Garmin
GPSMAP 66i GPS using the MGA55 Projection, GDA94 Datum with topographic
control taken from the GPS. Accuracy is variable but maintained <5m during the
mapping process with constant visual quality assessment conducted.
• Mine workings were located using GPS control and then tape and compass surveyed
for underground development.

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Data spacing and
distribution

Data spacing for reporting of Exploration Results.

Whether the data spacing and distribution is sufficient to establish the
degree of geological and grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation procedure(s) and classifications
applied.

Whether sample compositing has been applied.

Drill sites were restricted to existing tracks. It was not intended to establish a drill
spacing for resource estimation although these holes may be used at a later date.

1m assay composites were collected at the splitter on the drill site. This sample
interval is considered appropriate for the style of gold and copper mineralisation
tested.

All drill related data are referenced to the original ASX report by date published. All
details appear in the original report.

Where exposure allows, multiple chip samples are collected across mineralised
structures to assess the continuity of Au grade.

Rock chip sampling is limited by outcrop exposure.

Reconnaissance-scale chip / grab samples are not presented or considered to be
representative of the average grade. Grab samples only represent the grade at a
single point within the rock exposure. Sample spacing is designed to allow an initial
assessment of mineralisation and is not suitable for future resource estimation
activities.
Orientation of data in
relation to geological
structure

Whether the orientation of sampling achieves unbiased sampling of possible
structures and the extent to which this is known, considering the deposit
type.

If the relationship between the drilling orientation and the orientation of key
mineralised structures is considered to have introduced a sampling bias, this
should be assessed and reported if material.
• Drilling was restricted to existing tracks and pads. However, in all cases it was
possible to drill at a high angle to the host structures (refer figures 1 to 4), and
achieve a suitable orientation that cross cuts the mineralisation. True width
intersections are provided in drill sections, there appears to be no relationship
between drill orientation and mineralisation grades.
• Due to the steep grade of tracks and topography, hole orientation was limited or
dictated by landscape physiology in some instances.
• Grab samples do not capture any aspect of the potential variation in grade in relation
to the orientation of the mineralisation and represents only a single point inside the
mineralisation. Chip samples are collected perpendicular to strike where possible to
avoid any sample bias and only where outcrop or sub crop exists. The orientation of
rock chip samples is recorded and indicated in diagrams.
• No orientation-based samplingbias has been identified inpreliminarydata.
Sample security
The measures taken to ensure sample security.

All samples submitted for analysis are placed in sealed poly-weave bags and
delivered to a commercial transport company for delivery to the laboratory. Any
evidence of sample damage or tampering is immediately reported by the laboratory
to the company and a decision made as to the integrity of the sample and the
remainingsamples within the damaged/tampered bag/s.
Audits or reviews
The results of any audits or reviews of sampling techniques and data.

An internal review of procedures, operations, sampling techniques and analytical
techniques was made by Dart Mining.

All drillingand assaydata is validated upon entryinto the EarthSQLQuest database.

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SECTION 2 REPORTING OF EXPLORATION RESULTS

Criteria JORC Code Explanation Commentary Commentary Commentary Commentary Commentary Commentary Commentary
Mineral tenement
and land tenure
status

Type, reference name/number, location and ownership including agreements
or material issues with third parties such as joint ventures, partnerships,
overriding royalties, native title interests, historical sites, wilderness or
national park and environmental settings.

The security of the tenure held at the time of reporting along with any known
impediments to obtaining a licence to operate in the area.

All tenements remain in good standing as of 30thJune 2021.

Details of DartMining tenements shown in Appendix 2andFigure1.1
Tenement
Area (km2)
Number
Unless specified
MIN006619
Mt View2
Mining License
224 Ha
100%
NE Victoria
EL5315
Mitta Mitta4
Exploration Licence
172
100%
NE Victoria
EL006016
Rushworth4
Exploration Licence
32
100%
Central Victoria
EL006277
Empress
Exploration Licence
165
100%
NE Victoria
EL006300
Eskdale3
Exploration Licence
183
100%
NE Victoria
EL006486
Mt Creek
Exploration Licence
190
100%
NE Victoria
EL006861
Buckland
Exploration Licence
414
100%
NE Victoria
EL007007
Union4
Exploration Licence
3
100%
Central Victoria
EL006764
Cravensville
Exploration Licence
170
100%
NE Victoria
EL006865
Dart
EL (Application)
567
100%
NE Victoria
EL006866
Cudgewa
EL (Application)
508
100%
NE Victoria
EL006994
Wangara
EL (Application)
142
100%
Central Victoria
EL007008
Buckland West
EL (Application)
344
100%
NE Victoria
EL007099
Sandy Creek
EL (Application)
437
100%
NE Victoria
EL007170
Berringama
EL (Application)
27
100%
NE Victoria
EL007430
Buchan
EL (Application)
546
100%
Gippsland
EL007435
Goonerah
EL (Application)
587
100%
Gippsland
EL007425
Deddick
EL (Application)
341
100%
Gippsland
EL007428
Boebuck
EL (Application)
355
100%
NE Victoria
EL007426
Walwa
EL (Application)
499
100%
NE Victoria
RL006615
Fairley’s2
Retention License
340 Ha
100%
NE Victoria
RL006616
Unicorn1&2
Retention License
23,243 Ha
100%
NE Victoria
Name
Tenement Type
Interest
Location
NOTE 4:Areas are subject to a 0.75% Net Smelter Royalty on gold production, payable to Bruce
William McLennan.
All tenements remain in good standing at 30th June 2021.
NOTE 1:Unicorn Project area subject to a 2% NSR Royalty Agreement with Osisko Gold Royalties Ltd
dated 29 April 2013.
NOTE 2:Areas subject to a 1.5% Founders NSR RoyaltyAgreement.
NOTE 3:Areas are subject to a 1.0% NSR Royalty Agreement with Minvest Corporation Pty Ltd (See
DTM ASX Release 1 June 2016).
Tenement
Number
Name Tenement Type Area (km2)
Unless specified
Interest Location
MIN006619 Mt View2 Mining License 224 Ha 100% NE Victoria
EL5315 Mitta Mitta4 Exploration Licence 172 100% NE Victoria
EL006016 Rushworth4 Exploration Licence 32 100% Central Victoria
EL006277 Empress Exploration Licence 165 100% NE Victoria
EL006300 Eskdale3 Exploration Licence 183 100% NE Victoria
EL006486 Mt Creek Exploration Licence 190 100% NE Victoria
EL006861 Buckland Exploration Licence 414 100% NE Victoria
EL007007 Union4 Exploration Licence 3 100% Central Victoria
EL006764 Cravensville Exploration Licence 170 100% NE Victoria
EL006865 Dart EL (Application) 567 100% NE Victoria
EL006866 Cudgewa EL (Application) 508 100% NE Victoria
EL006994 Wangara EL (Application) 142 100% Central Victoria
EL007008 Buckland West EL (Application) 344 100% NE Victoria
EL007099 Sandy Creek EL (Application) 437 100% NE Victoria
EL007170 Berringama EL (Application) 27 100% NE Victoria
EL007430 Buchan EL (Application) 546 100% Gippsland
EL007435 Goonerah EL (Application) 587 100% Gippsland
EL007425 Deddick EL (Application) 341 100% Gippsland
EL007428 Boebuck EL (Application) 355 100% NE Victoria
EL007426 Walwa EL (Application) 499 100% NE Victoria
RL006615 Fairley’s2 Retention License 340 Ha 100% NE Victoria
RL006616 Unicorn1&2 Retention License 23,243 Ha 100% NE Victoria
All tenements remain in good standing at 30th June 2021.
NOTE 1:Unicorn Project area subject to a 2% NSR Royalty Agreement with Osisko Gold Royalties Ltd
dated 29 April 2013.
NOTE 2:Areas subject to a 1.5% Founders NSR RoyaltyAgreement.
NOTE 3:Areas are subject to a 1.0% NSR Royalty Agreement with Minvest Corporation Pty Ltd (See
DTM ASX Release 1 June 2016).
NOTE 4:Areas are subject to a 0.75% Net Smelter Royalty on gold production, payable to Bruce
William McLennan.
Exploration done
by other parties

Acknowledgment and appraisal of exploration by other parties.

Between 1986 and 1988 the Granite Flat area was worked by Meltech Ltd on
behalf of Alluvial Prospectors Ltd, with soil sampling identifying strong soil
anomalies and six diamond drill holes completed. From 1990 to 1995, CRA
Exploration (now Rio Tinto) completed extensive exploration in the search for a
bulk minable resource. This included expansion of the soil grid, sampling of 18
costeans, 32 reverse circulation (RC) and the 13 Diamond drillholes, along with
aeromagnetic, ground magnetic and inducedpolaritysurveys of the site. In late

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1994 Perseverance Mining Ltd entered into a joint-venture agreement with CRA
Exploration, working the Granite Flat prospect from 1996 to 1999, completing an
additional 20 RC drill holes. From 2006 to 2008, Synergy Metals Ltd conducted
minor stream sediment and soil sampling of the site before transferring the license
to Glen Wills Gold Mines NL in 2009. Glen Wills Gold Mines held the license until
2016,completingsome minor soil and stream sediment samplingstudies.
Geology
Deposit type, geological setting and style of mineralisation.

EL006277 is located in the Omeo structural zone of the Lachlan Fold Belt in eastern
Victoria. The EL is underlain by metamorphosed Lower Ordovician Pinnak
Sandstone and its higher-grade metamorphic equivalents in the Omeo
Metamorphic Complex to the south. The Banimboola Quartz Monzodiorite (BQM)
intruded during the early Devonian and is a highly magnetic I-type composite
pluton that has been placed in the Boggy Plain Supersuite (Wyborn, et al., 1987).
Aeromagnetic data from the Geo Vic database indicates that the BQM is a
compositepluton with a variable magnetic signature.
Drill hole
Information

A summary of all information material to the understanding of the
exploration results including a tabulation of the following information for all
Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level – elevation above sea level in metres) of
the drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.

If the exclusion of this information is justified on the basis that the
information is not Material and this exclusion does not detract from the
understanding of the report, the Competent Person should clearly explain
why this is the case.

All drillhole data (location, RL, azimuth, dip, depth etc.) for drill holes EMDDH001
to EMDDH004 are presented in text of the main body of the report, and in
Appendix 1.

Additional historic drillhole collar information is presented in previous Dart Mining
ASX Announcements and Releases. An archive of historic Dart Mining ASX releases
is
held
at:
https://www2.asx.com.au/markets/trade-our-cash-
market/announcements.dtm

All down hole weighted average gold and copper grade data quoted as significant
intersections is provided as down hole widths and calculated using a lower cut-off
grade of 0.2 g/t Au and 500ppm Cu, with no more than 2m of internal dilution
(unless otherwise stated).

All drill-related data are referenced to the original ASX report by date published.
All details appear in the original report.
Data aggregation
methods

In reporting Exploration Results, weighting averaging techniques, maximum
and/or minimum grade truncations (e.g. cutting of high grades) and cut-off
grades are usually Material and should be stated.

Where aggregate intercepts incorporate short lengths of high-grade results
and longer lengths of low-grade results, the procedure used for such
aggregation should be stated and some typical examples of such
aggregations should be shown in detail.

The assumptions used for any reporting of metal equivalent values should be
clearly stated.

All drill-related data are referenced to the original ASX report by date published.
All details appear in the original report.
Relationship
between
mineralisation

These relationships are particularly important in the reporting of Exploration
Results.

If the geometry of the mineralisation with respect to the drill hole angle is
known, its nature should be reported.

The relationship between the drill hole and the geometry of the mineralised
structures is presented in a series of summary cross sections and drill plans (Figures
1-3). The angle between the drill hole and the mineralisation structure is variable
with an interpretation of the relativegeometry presented as cross sections down

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widths and
intercept lengths

If it is not known and only the down hole lengths are reported, there should
be a clear statement to this effect (e.g. ‘down hole length, true width not
known’).
hole, down hole average grades are also presented on these drill sections and are
representative of the current geological interpretation, this interpretation may
change over time as more drilling information become available. Structural
interpretation is constrained with surface geological mapping and down hole
lithology logging.

All drill-related data are referenced to the original ASX report by date published.
All details appear in the original report.
Diagrams
Appropriate maps and sections (with scales) and tabulations of intercepts
should be included for any significant discovery being reported These should
include, but not be limited to a plan view of drill hole collar locations and
appropriate sectional views.

All drill-related data are referenced to the original ASX report by date published.
All details appear in the original report.
Balanced reporting
Where comprehensive reporting of all Exploration Results is not practicable,
representative reporting of both low and high grades and/or widths should
bepracticed to avoid misleading reporting of Exploration Results.

All drill-related data are referenced to the original ASX report by date published.
All details appear in the original report.
Other substantive
exploration data

Other exploration data, if meaningful and material, should be reported
including (but not limited to): geological observations; geophysical survey
results; geochemical survey results; bulk samples – size and method of
treatment; metallurgical test results; bulk density, groundwater, geotechnical
and rock characteristics; potential deleterious or contaminating substances.

Any other relevant information is discussed in the main body of the report.
Further work
The nature and scale of planned further work (e.g. tests for lateral extensions
or depth extensions or large-scale step-out drilling).

Diagrams clearly highlighting the areas of possible extensions, including the
main geological interpretations and future drilling areas, provided this
information is not commercially sensitive.

Planned work is discussed in the body of the report and is dependent on future
company direction.

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