Dart Mining Nl · ASX:DTM
Dart Mining Nl — Resources Victoria Conference (August 2008)
17 slides from Dart Mining Nl's conference presentation, Aug 25, 2008
Slide 1: Has Dart found an elephant?
For personal use only Has Dart found an elephant? John Quayle CEO 26 August 2008 IMPORTANT NOTICE AND DISCLAIMER 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 commit
Slide 2: Dart Mining
Dart Mining For personal use only • Conducting exploration for gold and base metals on historic targets in north east Victoria • Diverse priority targets identified – Gold • Mt Elliot group, Mountain View, Fairley’s – Polymetallic Porphyries • Unicorn, Morgan, North Mammoth • Today’s focus - Molybde
Slide 3: What do we know for sure?
What do we know for sure? For personal use only • The surface expression is large and shows robust continuity over a 300m vertical extent over 23ha • This is a classic porphyry geochemistry in “elephant country” associated with the Lachlan Fold belt • Our conceptual models of the geology are working
Slide 4: What are the prospects?
What are the prospects? For personal use only • Currently the geochem results for Unicorn are unique: – amongst the highest seen for any project – globally • Extremely high levels found in early testing - Geologically what can we expect? – Porphyry mineralisation can form as pipes or cylinders 100’s
Slide 5: Strong upward trend in Molybdenum price
Strong upward trend in For personal use only Molybdenum price • Molybdenum price has gone up 600% in 5 years – Tracking its increasingly vital role in increasing production and delivery of energy supply Unicorn is well placed • Low capital cost – potential for high margins • Within 300km of Melbourn
Slide 6: Molybdenum Market Demand
Molybdenum Market Demand For personal use only • 200,000 tpa market – 75% used in steel industry • Demand growing at 4-6% pa – 500,000 tpa market by 2030 • Strong demand from energy sector Source: www.imoa.info – Oil and gas pipelines – Catalysts – Nuclear sector pipelines • China expects to grow de
Slide 7: Potential competitor supply issues
Potential competitor supply issues For personal use only Projects in the pipeline Project Location Start- Production Cost Issues up $US Adanac Northern 2010 5,000tpa 520m High Infrastructure costs Ruby B.C. O/C diesel power Creek Canada drain lake Mean temp -2ºC Moly Pilbara 2011/ 12,000tpa 900m Hig
Slide 8: Unicorn Prospect: what could this project deliver?
Upward rising pressure expected to continue For personal use only Unicorn Prospect: what could this project deliver? • If we can prove up a resource it would be well placed to be a low capital cost, high margin development – Low sovereign risk – Low capital cost – Low/no stripping cost for first 100
Slide 9: How might it compare?
How might it compare? For personal use only • It might be a “blob” – a very big “blob” ….. like an iceberg – This is a porphyry and they can be big, very big – 500m across, very deep • If it is only the visible dome – Could support a 4,500 tpa mine for 10 years – Revenue equivalent to: • 43,000tpa c
Slide 10: Where do we go from here?
Where do we go from here? For personal use only • This costs money – Dart has a market cap of $6m and $2m of cash – Tightly held • Future capital raisings will offer investors the opportunity to buy into a resource that has the potential to be an important project on a global scale Is this the new f
Slide 11: Q & A Slides
For personal use only www.dartmining.com.au Q & A Slides 11
Slide 12: Who are Dart?
Who are Dart? For personal use only • Highly experienced Board – Average industry experience +25 years • Floated May 2007 • Experienced management team has established a professional field team • Cutting edge geological science – Sophisticated geological modelling and interpretation – Innovative fie
Slide 13: Dart Mining Tenements
Dart Mining Tenements For personal use only • Dart EL 4726 • Cudgewa EL 5058 • Buckland EL 4724 • Tooma EL 6172 (NSW) • Boebuck ELA • Bunroy ELA Mt Elliot • Initial RC and Diamond drilling completed • Visible gold seen in drill core • Further assay’s awaited • Future drill programs planned pending r
Slide 14: Mountain View, Fairley's
Mountain View, Fairley’s For personal use only Mountain View • Initial RAB and Diamond drill programs complete – Initial results show early miners worked surface expression of vertical lenses • Significant untested arsenic anomaly identified – Running south out of existing workings – Positive indica
Slide 15: Polygonal Vortex Model - Corridors
Polygonal Vortex Model - Corridors For personal use only Unicorn Project • Significant, high-grade molybdenum anomaly identified • Large central circular zone over 500m across Mo mineralisation • 23Ha of above 220ppm Mo – Averaging 450ppm Mo – Peak – 1050ppm Mo – Sampling on 50x50m grid • Comprises
Slide 16: Morgan Prospect
Morgan Prospect For personal use only • Molybdenum anomalism 50 to 300m width in a 2km x 1.3 km ring • Cylindrical nature of anomaly indicates depth targets may occur • Sporadic extremely high metal peaks of: – molybdenum at 6700ppm Mo, – tin at 3.14% Sn, and – bismuth at 698ppm Bi. • Majority of in
Slide 17: Next Steps
Next Steps For personal use only • Complete drill testing Unicorn anomaly • Drill test Morgan geochemistry anomaly • Conduct further geochemical sampling on other prospects in the area (4 strong targets) • Continue gold target exploration drilling at Mt Elliot and Mountain View Opportunity for Victo
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