Dart Mining Nl · ASX:DTM
Dart Mining Nl — Investor Presentation (May 2013)
31 slides from Dart Mining Nl's investor presentation, May 13, 2013
Slide 1: Potential for a world class Mo + Cu + Ag porphyry mine
For personal use only Potential for a world class Mo + Cu + Ag porphyry mine in a new Australian porphyry province Lindsay Ward ASX : DTM Managing Director May 2013 1
Slide 2: Disclaimer
DISCLAIMER The information contained in this document is disclosed to you by Dart Mining NL (ACN 119 904 880) For personal use only (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
For personal use only DTM INVESTMENT HIGHLIGHTS • Unicorn deposit – potentially a long life Mo + Cu + Ag porphyry mine • Red Kite (US metal merchant) invests upto A$10M – detailed due diligence • Prefeasibility underway – fully funded, as is regional exploration • High grade from surface – very low
Slide 4: DTM Corporate Structure
DTM CORPORATE STRUCTURE ASX Code: DTM Unlisted Options: For personal use only Shares on issue: ~207m • 8.35m $0.15 options (expiry Dec 2013) Market cap: ~$18m • 100K $0.18 options (expiry Mar 2017) Directors: 11.6m shares (~5.6%) • 100K $0.22 cent (expiry Mar 2017) Top 20: 40% • 3m $0.15 options (ex
Slide 5: Hands On and Cohesive Board
HANDS ON AND COHESIVE BOARD Lindsay Ward – Managing Director For personal use only Experienced senior executive having worked at CEO & GM level across the mining, power generation, mineral processing, ports, rail and logistic industries Chris Bain – Chairman Well regarded corporate advisor, who has
Slide 6: Project Location Advantage
PROJECT LOCATION ADVANTAGE For personal use only ALBURY N.S.W VICTORIA CORRYONG 6
Slide 7: New Australian Mineral Province
NEW AUSTRALIAN MINERAL PROVINCE For personal use only • Gilmore splays are known hosts of major ore bodies Cadia / Ridgeway / Nth Parkes in NSW Benambra in Victoria • Gilmore suture flexes across into Victoria with a series of splay faults • DTM has ~2,000km2 of tenements across this strategic s
Slide 8: High Grade Zones Continue Below 700m Depth
HIGH GRADE ZONES CONTINUE BELOW 700m DEPTH For personal use only Unicorn Mineral Resource (Left) showing a composite cross section through the entire deposit with the M1, M2, M3 and M4 Grade Zones and the Mineral Resource area from surface to 400m RL (approximately 450m below surface). The conceptua
Slide 9: High Grade Zones Continue Below 700m Depth
HIGH GRADE ZONES CONTINUE BELOW 700m DEPTH For personal use only Additional Rhyolitic Pulse showing UST - Pulse centre to the east of drilling. Coarse visible Mo within radial veins showing strong Potassic alteration halos. 9
Slide 10: About Molybdenum
For personal use only ABOUT MOLYBDENUM Source: 2012 CRU report and Thomson Creek 2012 AGM presentation Source: 2012 CRU report and Thomson Creek 2012 AGM presentation 1600 260 Comparison of Global Crude Steel 1500 Production and World Mine Production Of Mo (kt) 240 Crude Steel Production (Mt) 1400 G
Slide 11: Molybdenum Market Forecasts
MOLYBDENUM MARKET FORECASTS 35 Global Mo 300 Molybdenum Oxide Price (US$/lb) For personal use only Consumption 4.6% Forecasted 280 Growth in Global 30 Consumption Yearly Average Annual Average Oxide Price (US$/lb Mo) Mo Price 260 25 Forecasted Mo Price (Mean) 240 Mo Consumption (kt) Forecasted Mo Pr
Slide 12: Scoping Study Production Parameters
SCOPING STUDY PRODUCTION PARAMETERS • Initially open cut mine – potential to move to underground For personal use only • Residential mine within Corryong Community – not fly in fly out • High grade from surface and outcrops – very low strip ratio • Clear / Mine / Crush / Float / Tailings – simple se
Slide 13: Case Study – Endako Mine
CASE STUDY – ENDAKO MINE Unicorn Project (scoping study) Endako Mine BC (in operation) For personal use only • Multi metal – Mo + Cu + Ag • Single metal only – Mo • High recoveries • Low recovery Mo 92% + Cu 96% + Ag 83% Mo 74% • Two saleable concentrates • Single concentrate 51% Mo plus a 23%
Slide 14: Target Onsite Mine + Mill Cost / Ore Tonne
TARGET ONSITE MINE + MILL COST / ORE TONNE 25 For personal use only Onsite Mine and Mill Costs at Mo Producing Mines 2011 Henderson Thompson Creek (Mo Only) El Teniente Los Bronces Chuquicamata 20 Secondary Mo Mines Andina Los Pelambres Collahuasi Bingham Canyon Primary Mo Mines Dart Mining's propos
Slide 15: Target Cash Cost After Credits
TARGET CASH COST AFTER CREDITS 12 For personal use only Cash Operating Costs with By-Product Credits 2011 Endako 10 Thompson Creek Secondary Mo Mines Questa Bagdad Henderson Chuquicamata 8 Primary Mo Mines Highland Valley Continental Los Bronces Dart Mining's proposed Los Pelambres Costs US$/lb Mo S
Slide 16: Primary Mo Project Comparison
PRIMARY Mo PROJECT COMPARISON 0.2 Molybdenum Grade (%) vs Onsite Cash Costs ($/lb Mo) use only 0.18 (Bubble Size Represents Annual Mo Output1) 0.16 Climax 0.14 Mo Grade (%) 0.12 Liberty For personal 0.1 Ruby Creek Mt Unicorn 0.08 Initial 5 Year Pit1 0.06 Mt Unicorn Initial 14 Year Pit1 Thompson Cree
Slide 17: Primary Mo Project Comparison
PRIMARY Mo PROJECT COMPARISON 3 Strip Ratio vs Onsite Cash Costs ($/lb Mo) use only (Bubble Size Represents Mo Grade1) 2.5 Thompson Creek 2 Mt Hope Strip Ratio For personal 1.5 Climax 1 Endako Liberty Ruby Creek Mt Unicorn 0.5 Initial 14 Year Pit1 Mt Unicorn Initial 5 Year Pit1 0 0 2 4 6 8 10 12 Ope
Slide 18: Scoping Study Partners
SCOPING STUDY PARTNERS Unicorn Block Model For personal use only Estimation Unicorn Molybdenum Project AMC Consulting Pty Ltd, Peer Revision of Auscenco a leading mining consultancy Processing Plant Study Arccon Mining Services Pty Ltd, a Unicorn Scoping Study Mining leading Perth based engineering
Slide 19: Scoping Study Key Financials
SCOPING STUDY KEY FINANCIALS • Initial mine life 14 years – strong potential to increase to 20 years For personal use only • NPV $255M initial 14 years (100% equity) – +6yr life3 adds $50 - 70M NPV • 2.5 year payback – pretax IRR 27% (discount rate 10% / 100% equity) • Onsite cash cost A$3.58/Ib2 –
Slide 20: Pre-Feasibility Study Partners
PRE-FEASIBILITY STUDY PARTNERS Ecology & Cultural Heritage Environmental and Approvals For personal use only Biosis are expert consultants in the GHD are a longstanding Global field of Environmental, Ecology consultancy firm specialising in (fauna & flora) and Cultural Heritage Environmental Managem
Slide 21: Indicative Pathway to Production
For personal use only INDICATIVE PATHWAY TO PRODUCTION 1Unicorn is not in production and there is no certainty that the pathway to production will occur 21
Slide 22: Community Alignment Advantage
For personal use only COMMUNITY ALIGNMENT ADVANTAGE 22
Slide 23: Strip Ratio Advantage
For personal use only STRIP RATIO ADVANTAGE DRILL RIG 23
Slide 24: Infrastructure Advantage
For personal use only INFRASTRUCTURE ADVANTAGE What Project Value Should Investors in Dart Mining Place on Existing Infrastructure? 24
Slide 25: Conceptual Mining Method Advantage
For personal use only CONCEPTUAL MINING METHOD ADVANTAGE ** The view is conceptual only. There has been insufficient exploration drilling, financial modelling & mine planning to accurately define the pit shape and it is uncertain if further drilling will enable this to occur. 25
Slide 26: Conceptual Mining Method
For personal use only CONCEPTUAL MINING METHOD 26
Slide 27: News Flow and Key Events
For personal use only NEWS FLOW and KEY EVENTS 27 27
Slide 28: Dart Mining (DTM) – Key Takeaways
DART MINING (DTM) – KEY TAKEAWAYS • Red Kite invests up to A$10M – detailed due diligence completed For personal use only • Prefeasibility & DTM fully funded – cash ~A$6.5m, Mcap ~A$18M • Very low strip ratio – innovative mining methodology • High recoveries – separate (Mo & Cu/Ag) saleable concentr
Slide 29: Thank You and Questions
For personal use only THANK YOU AND QUESTIONS MOLYBDENUM A SOFT, GREY, NON TOXIC MINERAL WITH PROPERTIES UNLIKE ANY DRILL RIG OTHER ELEMENT 29
Slide 30: Further Disclaimer
FURTHER DISCLAIMER Economic Potential For personal use only The Unicorn project remains at an early stage of planning and assessment and there are risks associated with the estimates of key parameters (including but not limited to further metallurgical test work to advance mineral processing design
Slide 31: Competent Person Statement
9 For personal use only 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 employee of Da