Dart Mining Nl · ASX:DTM
Dart Mining Nl — Investor Presentation (February 2012)
25 slides from Dart Mining Nl's investor presentation, Feb 16, 2012
Slide 1: Potential for a world class Mo + Cu + Ag mine in a new Australian mineral province
For personal use only Potential for a world class Mo + Cu + Ag mine in a new Australian mineral province Lindsay Ward ASX : DTM Managing Director Feb 2012 1
Slide 2: Disclaimer
DISCLAIMER For personal use only The information contained in this document is disclosed to you by Dart Mining NL (ACN 119 904 880) (the "Company"). Nothing in this document shall form the basis of any contract or commitment, or constitutes investment, financial product, legal, tax or other advice.
Slide 3: DTM - Investment Highlights
DTM ‐ INVESTMENT HIGHLIGHTS For personal use only • Positive outlook for Molybdenum (Mo) ‐ currently@ US$33,000/t LME • Discovered a new Australian mineralised porphyry province • Unicorn deposit ‐ Potentially a world class Mo + Cu + Ag porphyry • Strong similarities to Henderson a world class Mo mi
Slide 4: Dart Mining Unicorn Deposit
DART MINING (ASX:DTM) UNICORN DEPOSIT For personal use only Community and Government support in place – Local jobs and growth Proposed mine site is available for mining – Unrestricted crown land No known native title title, flora or fauna issues – Simplified approvals Available infrastructur
Slide 5: Planned Drilling Programs 2012
PLANNED DRILLING PROGRAMS 2012 For personal use only • Phase 1 – Reverse Circulation (RC) Fully funded from cash reserves ‐ $2.2 million at bank (1 February) Surface to 250 metres – Approximately 15 holes Move indicated JORC resource to measured – Initiates scoping study Targeted T t d JORC
Slide 6: DTM Corporate Structure
DTM CORPORATE STRUCTURE For personal use only ASX Code: DTM Shares on issue: ~157.5m Market cap: ~$20 $20.5m 5m Options: 8.4m unlisted 15 cents options (expiry 31 Dec 2013) Directors: 13.1m shares (8.3%) Top 20: 38% Cash: ~$2.24m 6
Slide 7: About Molybdenum
For personal use only ABOUT MOLYBDENUM 7
Slide 8: About Molybdenum: Projected Sustained Growth
ABOUT MOLYBDENUM For personal use only Molybdenum Projected Sustained Growth 8
Slide 9: New Australian Mineral Province
NEW AUSTRALIAN MINERAL PROVINCE For personal use only • Gilmore splays are kno n host of major known ore bodies Cadia / Ridgeway g y / Nth Parkes in NSW Benambra in Victoria • Gilmore suture flexes across into Victoria with a series of splay faults • DTM has 2000km2 of tenements across this stra
Slide 10: Community Alignment Advantage
COMMUNITY ALIGNMENT ADVANTAGE For personal use only 10
Slide 11: Project Location Advantage
PROJECT LOCATION ADVANTAGE For personal use only ALBURY N.S.W VICTORIA CORRYONG 11
Slide 12: Infrastructure Advantage
INFRASTRUCTURE ADVANTAGE For personal use only What Project Value Should Investors in Dart Mining Place on Existing Infrastructure? 12
Slide 13: Approvals Advantage
APPROVALS ADVANTAGE For personal use only DRILL RIG Mineralisation Mi li ti outcrops t att surface f and d extends t d 350 meterst to t the th valley ll fl floor. JORC resource is i to t 450 metres below surface and is open at depth. Drill tested mineralisation extends to 570 metres. 13
Slide 14: Strip Ratio Advantage
STRIP RATIO ADVANTAGE For personal use only ** The cross section is conceptual only. There has been insufficient exploration drilling, financial modelling 14 & mine planning to accurately define the pit shape and it is uncertain if further drilling will enable this to occur.
Slide 15: Conceptual Mining Method Advantage
CONCEPTUAL MINING METHOD ADVANTAGE For personal use only ** The section is conceptual only. There has been insufficient exploration drilling, financial modelling & mine 15 planning to accurately define the pit shape and it is uncertain if further drilling will enable this to occur.
Slide 16: Conceptual Mining Method Advantage
CONCEPTUAL MINING METHOD ADVANTAGE For personal use only ** The view is conceptual only. There has been insufficient exploration drilling, financial modelling & mine 16 planning to accurately define the pit shape and it is uncertain if further drilling will enable this to occur.
Slide 17: Unicorn and Henderson Are Similar
UNICORN and HENDERSON ARE SIMILAR For personal use only DRILL RIG Figure 1. Unicorn Mineral Resource (Left) showing the 5,978,100mN cross section showing the M1, M2 and M3 Grade Zones and the Indicated Mineral Resource area from surface to 600m RL (approximately 250m below surface) and the Inferred
Slide 18: Case Study - Endako Mine
CASE STUDY ‐ ENDAKO MINE For personal use only • Unicorn Deposit – NE Victoria Indicated resource from surface – 29Mt at 0.09% Mo Equivalent Total resource – 105Mt at 0.07% Mo Equivalent ‐ open at depth High recoveries achieved for Mo (92.3%) + Cu (96.1%) + Ag (82.6% Separate saleable concen
Slide 19: Comparison with ASX Moly Explorers
COMPARISON WITH ASX MOLY EXPLORERS As At Friday 10 0 February For personal use only Share Market Resource Tonne Mo Mo Cu Ag Strip Access / Price Cap Status (M’s) Equiv Grade Grade Grade Ratio Infra ($) (A$) (%) (%) (%) (g/t) Dart ~$0.13 $21M Unicorn 29 0.09 0.05 0.09 4.2 From Very Mining Indicated S
Slide 20: Dart's Mineralised Porphyry Pipeline Is Under Explored
DART’S MINERALISED PORPHRY PIPELINE IS “UNDER EXPLORED” For personal use only Colorado’s Climax and Henderson primary Mo mines as well as other world wide mineralised porphyry's usually occur in clusters 20
Slide 21: Catalysts / News Flow
CATALYSTS / NEWS FLOW For personal use only 21
Slide 22: Undrilled Unicorn - 3D IP Anomaly
UNDRILLED UNICORN ‐ 3D IP ANOMALY For personal use only Red zone indicates significant chargeable anomaly. Potential source of late stage copper mineralisation at Unicorn. Located on NW flank of main porphyry deposit at depth of less th 100 metres than t and d may representt the th top t off another
Slide 23: Hands On and Cohesive Board
HANDS ON AND COHESIVE BOARD For personal use only • Lindsay Ward –Managing Director Experienced senior executive having worked at CEO and GM level across the Mining, Power Generation, Mineral Processing, Ports and Rail industries • Chris Bain – Chairman Well regarded corporate advisor who has be
Slide 24: Summary
SUMMARY For personal use only • DTM has discovered a new mineralised porphyry province Largely underexplored but with strong pipeline of porphyry targets Strong similarities to Henderson a world class primary Mo mine • Unicorn Deposit ‐ classic mineralised porphyry Total resource 105Mt @ 0.07%
Slide 25: Thank You
For personal use only THANK YOU Competent Person Statement Information in this report that relates to a statement of Exploration Results and Mineral Resources of the Company is based on information compiled by Dean Turnbull B.App.Sc.(Geol) Hons. M. AIG. Mr Turnbull is a Director and full time employ
Dart Mining NL — Investor Presentation (February 2012) on 6ix