Dart Mining Nl · ASX:DTM
Dart Mining Nl — Corporate Update (July 2011)
29 slides from Dart Mining Nl's corporate update, Jul 15, 2011
Slide 1: Dart Mining meets with Corryong community about Unicorn Project
DART MINING MEETS WITH CORRYONG ASX ANNOUNCMENT COMMUNITY ABOUT UNICORN PROJECT 15 July 2011 Dart Mining NL (ASX: DTM) held a community meeting in Corryong on the evening of Wednesday 13 July 2011 to inform the local community about Dart Mining’s progress ASX Code: DTM towards a maiden JORC resource
Slide 2: Potential for a world class Mo-Cu-Ag deposit in a new Australian mineral province
For personal use only Potential for a world class Mo-Cu-Ag deposit in a new Australian mineral province Lindsay Ward ASX : DTM Managing Director July 2011 1
Slide 3: 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 4: Company Overview
COMPANY OVERVIEW For personal use only • DTM has discovered a previously unknown Porphyry Province “Dart Mineral Province” within Lachlan fold belt in Victoria Similar structures host Cadia / Ridgeway / North Parkes in NSW Proven occurrence of gold and base metals • Principle Project – Unicorn (Mo -
Slide 5: Proven Structural Setting
PROVEN STRUCTURAL SETTING For personal use only • Lachlan fold belt is a known host of major ore bodies Cadia / Rideway / Nth Parkes in NSW Benambra in Victoria • Gilmore suture flexes across into Victoria with a series of splay faults Proven mineralisation Dart’s tenements lie across this strategic
Slide 6: Strategic Location
STRATEGIC LOCATION For personal use only • Established infrastructure to support mining Water ALBURY Renewable Power N.S.W Corryong Airport Sealed Roads • Strong Victorian Government support 3 drilling grants VICTORIA CORRYONG Established town and supportive community 5
Slide 7: Mount Unicorn
For personal use only MOUNT UNICORN 6
Slide 8: Unicorn Mo-Cu-Ag Project
UNICORN Mo-Cu-Ag PROJECT For personal use only DRILL RIG Mineralisation outcrops at surface and extends below Valley floor. Exploration Target only quoted down to 350 metres. Valley floor 400 metres below surface. 7
Slide 9: Unicorn Mo-Cu-Ag Project: Core Processing Facility
UNICORN Mo-Cu-Ag PROJECT For personal use only CORE LOGGING NEW CORE PROCESSING FACILITY DRILL RIG CORRYONG INNOVATION PARK CORE CUTTING 8
Slide 10: Unicorn Mo-Cu-Ag Project: Molybdenite
UNICORN Mo-Cu-Ag PROJECT For personal use only MOLYBDENITE A SOFT, GREY NON TOXIC MINERAL WITH PROPERTIES UNLIKE ANY DRILL RIG OTHER ELEMENT 9
Slide 11: Molybdenum - Industrial Uses
MOLYBDENUM - INDUSTRIAL USES For personal use only • Adds strength, hardness and toughness to steel • Increases corrosion resistance in petrochemical industry pipework • Acts as a catalyst to remove sulphur / impurities from crude oil • Growing importance in automotive and aerospace industries • New
Slide 12: Unicorn Comparison with ASX Moly Explorers Published Resources
UNICORN COMPARISON WITH ASX MOLY EXPLORERS PUBLISHED RESOURCES For personal use only Company Market Resource Tonnes Mo Cu Grade Ag Grade Access / Cap Status (Million) Grade (%) (g/t) Location (A$ m’s) (%) Moly $313M Spinifex 450 0.05 0.08 1.3 Very Mines Ridge Remote Proven Aussie Q $44M Whitewash 24
Slide 13: Case Study - Endako Mine
CASE STUDY - ENDAKO MINE For personal use only • Thompson Creek Metals (TCM:TSX) own 75% of Endako Mine in British Columbia • $500 million mine expansion underway / Multi pit operation • Proven and Probable – 311Mt at an average grade 0.046% Mo • Measured plus Indicated – 88Mt at an average grade 0.
Slide 14: Dart's Mineralised Porphyry Pipeline
DART’S MINERALISED PORPHRY PIPELINE “UNDER EXPLORED” For personal use only PROJECT Regional Soil Geochem On Ground Geophysics Geophysics Drilling Geochem Mapping Aerial Ground Unicorn Nth Mammoth x Limited Morgan x Limited Boebuck x x x Bunroy x x x Dart Pluton x x x x String Dinner Creek x x x x Si
Slide 15: Summary
SUMMARY For personal use only • DTM has discovered a new mineralised porphyry province with world class potential “Climax style” is unique in Australia Proven grassroots explorer and target generator • Unicorn Project - Classic mineralised porphyry Drilling underway – progressive results July / Augu
Slide 16: What Does This All Mean: Timeline
WHAT DOES THIS ALL MEAN For personal use only • Unicorn has the potential to become an operating mine Initially open cut and then move to underground • Time Line 12 months further exploration and initial scoping study 24 months approval process including extensive community consultation 24 months co
Slide 17: What Does This All Mean: Potential Production
WHAT DOES THIS ALL MEAN For personal use only • Two concentrates will be produced via flotation Not an arsenic separation process Rock is crushed and fed to a froth flotation process Water tanks with air and additives bubbling through to separate metals • Potential Production Statistics Surface foot
Slide 18: What Does This All Mean: Approvals and Community
WHAT DOES THIS ALL MEAN For personal use only • Approval process will include extensive community consultation Dart Mining / DSE / DPI / Council / Community Native title / Flora and Fauna / Water Management / Noise and Dust Management / Community impact • Buy local / employee local / live local Cons
Slide 19: Conclusion
CONCLUSION For personal use only • Principle Project – Unicorn (Mo - Cu - Ag) Unicorn and the Dart mineral province have world class potential Mineralisation outcrops and is potentially suitable for open pit mining • Any decision to mine is three years away Now until June 2012: further exploration a
Slide 20: Thank You
THANK YOU For personal use only MOLYBDENITE A SOFT, GREY NON TOXIC MINERAL WITH PROPERTIES UNLIKE ANY DRILL RIG OTHER ELEMENT 19
Slide 21: Thank You - Competent Person Statement
For personal use only THANK YOU Competent Person Statement Information in this report that relates to Exploration Targets and exploration results are based on information compiled by Dean Turnbull B.App.Sc.(Geol) Hons. M. AIG. Mr Turnbull is a Director and full time employee of Dart Mining NL and ha
Slide 22: DTM - Investment Highlights
DTM - INVESTMENT HIGHLIGHTS For personal use only • Positive outlook for Molybdenum (Mo) - currently@ US$36,000/t LME • Discovered a potentially world class Mo - Cu - Ag porphyry deposit • Current drilling intended to confirm maiden JORC resource by 4Q 2011 Exploration Target - surface to 350 only (
Slide 23: Corporate Structure
CORPORATE STRUCTURE For personal use only ASX Code: DTM Shares on issue: 119.4m Market cap: $7.28m Options: 15.4m listed exercisable at 10c (31 Dec 2011) 5m unlisted exercisable at 15c (31 Dec 2013) Directors: 15.25m shares (12.8%) Top 20: 41.8% Cash: ~$1.1m High: 0.17.4 Low: 0.048 22
Slide 24: DTM Tenements
DTM 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: 2,750 Km2 23
Slide 25: Unicorn Mo-Cu-Ag Project
UNICORN Mo-Cu-Ag PROJECT For personal use only • A large multi pulse porphyry intrusive system with overlapping phases of molybdenum, copper and silver • Very similar to giant Henderson and Climax primary molybdenum mines in Colorado • Third drill program commenced in July 1200 metre diamond drillin
Slide 26: Unicorn Mo-Cu-Ag Project
UNICORN Mo-Cu-Ag PROJECT For personal use only • All drilling has confirmed extensive mineralisation • Hole 5 - 574m @ 0.05% Mo including 106m @ 0.08% Mo, 0.15% Cu and 4.5 g/t • Hole 4 – 423 m @ 0.05% Mo including 163m @ 0.06% Mo, 0.11% Cu and 7.4g/t Ag • Intercepts comparable to operating mines • L
Slide 27: Catalysts / News Flow
CATALYSTS / NEWS FLOW For personal use only June July August Sept Oct Nov W3 W4 W1 W2 W3 W4 W1/2 W3/4 Hole 7 Results x x x Exploration x Target Community x Meeting Hole 8 Results x x Hole 9 Results x x Met Results x JORC Resource x Regional x Geochem Scoping Study TBA 26
Slide 28: Prospective Gold Projects
PROSPECTIVE GOLD PROJECTS For personal use only • DTM to focus on Unicorn • Looking to Divest or JV its Gold Projects • Mountain View Prospective gold project, 45km south of Corryong Limited drilling on two lenses - high grade gold lode with intersections up to 6m @ 21.79 g/t and 9m @ 10.2 g/t Au Mi
Slide 29: Board and Management
BOARD AND MANAGEMENT For personal use only • Lindsay Ward – CEO and Managing Director Experienced senior executive having worked at CEO and GM level across the Mining, Power Generation, Mineral Processing, Ports and Rail industries. Lindsay is a qualified geologist. • Chris Bain – Chairman Well rega