Dart Mining Nl · ASX:DTM
Dart Mining Nl — Investor Presentation (October 2012)
26 slides from Dart Mining Nl's investor presentation, Oct 23, 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 Oct 2012 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 • Positive outlook for Moly (Mo) – demand & price predicted to recover • High grade from surface – very low strip ratio / available infrastructure • Very positive metallurgy – 92% M
Slide 4: DTM Corporate Structure
DTM CORPORATE STRUCTURE ASX Code: DTM Options: For personal use only Shares on issue: ~182.94m • 8.35m unlisted 15 cent options Market cap: ~$18.m (expiry 31 Dec 2013) • 100,000 unlisted 18 cent Directors: 11.6m shares (~7%) options (expiry 20 March 2017) Top 20: 35% • 100,000 unlisted 22 cent Cash:
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
For personal use only PROJECT LOCATION ADVANTAGE 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 st
Slide 8: Unicorn and Henderson Are Similar
For personal use only UNICORN and HENDERSON ARE SIMILAR DRILL RIG Unicorn Mineral Resource (Left) showing the 5,978,100mN cross section showing Measured, Indicated and Inferred Mineral Resource and the M3 Grade Zone to 400 RL 8 (450m below surface). The conceptual Henderson style Target associated w
Slide 9: High Grade from Surface
HIGH GRADE FROM SURFACE • 203Mt JORC Measured + For personal use only Indicated + Inferred Resource at 0.06% MoEq1 • 102Mt Measured Resource at 0.07% MoEq1 including 54Mt Measured Resource at 0.08% MoEq1 from surface • Insitu Metal - Measured and Indicated Resource Mo – 50.4 Kt Cu – 75.9 Kt
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
For personal use only MOLYBDENUM MARKET FORECASTS 11
Slide 12: 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 13: Target Onsite Mine + Mill Cost / Ore Tonne
TARGET ONSITE MINE + MILL COST / ORE TONNE 25 For personal use only Henderson Onsite Mine and Mill Costs at Molybdenum-Producing Mines 2011 Thompson Creek (Mo Only) El Teniente Los Bronces Chuquicamata 20 Secondary Mo Mines Andina Los Pelambres Collahuasi Bingham Canyon Primary Mo Mines Dart Mining'
Slide 14: 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 15: 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 16: 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%) • Onsite cash cost A$3.58/Ib2 – Project cash p
Slide 17: Community Alignment Advantage
For personal use only COMMUNITY ALIGNMENT ADVANTAGE Victorian Government supports Unicorn via three drilling grants totalling $240,000 17
Slide 18: Strip Ratio Advantage
For personal use only STRIP RATIO ADVANTAGE DRILL RIG 18
Slide 19: Infrastructure Advantage
For personal use only INFRASTRUCTURE ADVANTAGE What Project Value Should Investors in Dart Mining Place on Existing Infrastructure? 19
Slide 20: Conceptual Mining Method
For personal use only CONCEPTUAL MINING METHOD 20
Slide 21: Indicative Pathway to Production
use only INDICATIVE PATHWAY TO PRODUCTION 1 Additional Drilling 2 Pre-feasibility Metallurgy 3 Approvals Process and EIS KEY DEVELOPMENT TASKS 4 Pre-feasibility Study Decision Point For personal 5 6 Bankable Feasibility Study 7 Decision Point 8 Arrange Financing 1 9 Decision To Mine 10 Construction
Slide 22: News Flow and Key Events
For personal use only NEWS FLOW and KEY EVENTS 22
Slide 23: DTM – Key Takeaways
DTM – KEY TAKEAWAYS • Very low strip ratio – innovative low risk mining methodology For personal use only • High recoveries – separate (Mo & Cu/Ag) saleable concentrates • Power, water, roads, logistics in place – infrastructure cost savings • Strong community & government support – available workfo
Slide 24: 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 25: 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 25
Slide 26: Competent Person Statement
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 Dart
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