Dart Mining Nl · ASX:DTM
Dart Mining Nl — Shareholder Meeting (November 2010)
20 slides from Dart Mining Nl's shareholder meeting presentation, Nov 26, 2010
Slide 1: 4th AGM Presentation: Exploring a New Mineral Province
For personal use only 4th AGM Presentation EXPLORING A NEW MINERAL PROVINCE November 2010
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND 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,
Slide 3: Dart Mining Corporate Structure
DART MINING CORPORATE STRUCTURE For personal use only Dart Mining NL ACN: 119904880 ASX Code: DTM Issued Capital Shares: 88.67M Ordinary Fully Paid Options: 1.8M unlisted exercisable at 20c on/before 31 Dec 2010 Shareholders: Approx 910 Board & Management Directors: 14.5M shares (16%) Mr Chris Bain
Slide 4: Dart Mining NL – Exploring in NE Victoria
Dart Mining NL – Exploring in NE Victoria For personal use only ALBURY VICTORIA N.S.W A region rich in CORRYONG infrastructure: • hydro-power • water • highways • towns • well informed supportive community
Slide 5: Structural Setting
STRUCTURAL SETTING For personal use only • Lachlan fold belt structures host major orebodies in NSW • The major structure flexes as it crosses into Victoria with a series of splay faults providing a locus for mineralisation • Dart’s tenements lie across this strategic location
Slide 6: Dart Mining Tenements
DART MINING TENEMENTS For personal use only GRANTED LICENCES • Dart EL 4726 • Cudgewa EL 5058 • Buckland EL 4724 • Boebuck EL 5132 • Bunroy EL 5131 • Myrtleford EL 5123 • Mt Alfred EL 5194 TOTAL: 2,335 Km2
Slide 7: Unicorn - a Mo-Cu-Ag porphyry
Unicorn - a Mo-Cu-Ag porphyry For personal use only DRILL RIG – DUNDD004& DUNDD005 Porphyry intrusive with resistant siliceous outcrop forming a ridge at 950m elevation - 450m above the valley floor Silica Cap containing dense quartz stockwork with peak 1,380 ppm molybdenum
Slide 8: Unicorn – Exploration
UNICORN – Exploration For personal use only • Regional stream and soil sampling identified a significant molybdenum, copper, silver anomaly over 500 metres in diameter averaging over 400ppm Mo • RAB Drilling along accessible Ridge Lines • Diamond Drilling to test extent of mineralisation
Slide 9: Unicorn - Geological cross section
Unicorn - Geological cross section For personal use only Simplified geological cross section Line 8,100mN •Very high Mo grades of up to 0.63% (538m depth) within quartz stockwork intersected in DUNDD005 •An extensive and open mineralised system with 436m @ 0.05% Mo including 72m @ 0.2% Cu and 4g/t A
Slide 10: Unicorn Porphyry - 2010 Drilling Results
UNICORN PORPHYRY - For personal use only 2010 Drilling Results Drilling shows Unicorn : • has the important alteration characteristics and multiple intrusion phases identifying it as a “Climax system” - the geological style of the world’s largest primary molybdenum porphyry orebodies • contains sign
Slide 11: About Molybdenum
About Molybdenum For personal use only • When added to steel, molybdenum enhances strength, hardenability, weldability, toughness, elevated temperature strength, and corrosion resistance. In nickel-base alloys, it improves resistance to both corrosion and high-temperature creep deformation. • World
Slide 12: Significance of Mo-Cu porphyries
Significance of Mo-Cu porphyries For personal use only • Porphyry systems are typically very large and may contain different phases of different grade mineralisation • Primary Molybdenum porphyries are relatively rare but economically significant • Molybdenum price of $37,000 per tonne is 4.5 X the
Slide 13: World Molybdenum Deposits
World Molybdenum Deposits For personal use only • Typically primary molybdenum only deposits can be mined from about 0.06% in open cut and from 0.12% underground, many operate at significantly above resource grade • Copper provides an important by-product for many of the mines, however, the big thre
Slide 14: Comparison with other Australian Moly explorers
Comparison with other Australian Moly explorers For personal use only Company Market Cap Project & Million Mo grade Cu grade Ag grade A$m Resource Tonnes % % g/t Status Moly Mines $310mill Spinifex Ridge 450 0.05% 0.08% 1.3g/t Proved & Probable Marengo $184mill Yandera (PNG) 666 0.012% 0.33% 1.56g/t
Slide 15: Additional Targets – Morgan Porphyry
ADDITIONAL TARGETS – MORGAN PORPHYRY For personal use only • Located approx 7km west of Unicorn in the same structural corridor Northern Ringlet • Ring like multi-element geochemical anomaly • Includes significant Mo, Cu, Bi, Sn, Ag • The northern feature shows up to 0.17% Mo in DMMDD002 above an in
Slide 16: Morgan Porphyry
MORGAN PORPHYRY For personal use only • Drill hole geology is similar to Unicorn and indicates proximity to a buried intrusion within the target zone Conceptual Interpretative Section along DMMDD002 (3200) diamond drill design trace.
Slide 17: Boebuck & Bunroy - there are more porphyries out there?
Boebuck & Bunroy - there are more porphyrys For personal use only out there? • Stream & Soil sampling sampling shows highly anomalous: • Copper (blue star) • Bismuth (blue circle) • Lead (red circle) • Coincident with strong KTh alteration
Slide 18: Exploration Program
Exploration Program For personal use only Qtr ending March 2011 June 2011 Sept 2011 Dec 2011 Drilling * * * * * * * * Metallurgical testwork Inferred Resource Scoping Study Regional Exploration *Expected drilling results • Drilling 800m/mth to complete a minimum 10 holes for Inferred resource • Scop
Slide 19: A New Metallogenic Province
A NEW METALLOGENIC PROVINCE For personal use only • Dart has identified a new metallogenic province in NE Victoria with potential for very large molybdenum-copper-silver porphyries, at both its Unicorn and Morgan projects • The Unicorn porphyry is a mineralised system unique in Australia, with simil
Slide 20: For personal use only
For personal use only www.dartmining.com.au