Dart Mining Nl · ASX:DTM
Dart Mining Nl — Shareholder Meeting (November 2013)
19 slides from Dart Mining Nl's shareholder meeting presentation, Nov 19, 2013
Slide 1: Chairman's address to shareholders
For personal use only Good Morning Shareholders and guests, Yesterday the board of Dart Mining announced the very difficult decision to slow the work on the pre-feasibility study at the Company’s Unicorn Molybdenum Project. As foreshadowed in the quarterly report and set out in yesterdays announceme
Slide 2: AGM Presentation November 2013
For personal use only AGM PRESENTATION November 2013 Lindsay Ward ASX : DTM Managing Director Nov 2013 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: FY13 - Substantive Steps Forward
FY13 - SUBSTANTIVE STEPS FORWARD For personal use only • Unicorn JORC Resource doubled to 203Mt @ 0.06% MoEq1 • Scoping study released showing favorable economics • Two deep drill holes completed with one reaching 1200m • Large diameter metallurgical drilling undertaken • Geotechnical studies comple
Slide 5: FY13 - Substantive Steps Forward: Capital raised
FY13 - SUBSTANTIVE STEPS FORWARD For personal use only • Capital raised in very difficult market for junior explorers • International roadshows to New York, Zurich, London, Toronto • Redkite invests A$5.3M following detailed due diligence • Unicorn qualifies for a R&D refund and receives ~$750,000 •
Slide 6: Deep Drilling Was a Key Milestone
DEEP DRILLING WAS A KEY MILESTONE 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. 5
Slide 7: Scoping Study Another Key Milestone
SCOPING STUDY ANOTHER KEY MILESTONE For personal use only • Initial mine life 14 years – strong potential to increase to 20 years • 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
Slide 8: Pre-Feasibility Study Partners
PRE-FEASIBILITY STUDY PARTNERS For personal use only Ecology & Cultural Heritage - Biosis Environmental and Approvals - are expert consultants in the field of GHD are a longstanding Global Environmental, Ecology (fauna & flora) consultancy firm specialising in and Cultural Heritage Management Enviro
Slide 9: Prefeasibility Well Advanced
PREFEASIBILITY WELL ADVANCED For personal use only • Plant location confirmed as being best placed at base of mountain • Detailed review of ore pass and adit design confirms viability • Power studies completed and net community benefits identified • Bull Paddock creek preferred location for tailings
Slide 10: Downturn in Moly Market Unexpected
DOWNTURN IN MOLY MARKET UNEXPECTED For personal use only 9
Slide 11: Where to From Here: Complete metallurgical test work
WHERE TO FROM HERE For personal use only • Complete metallurgical test work Extensive metallurgical studies have taken longer than expected Key issue is inability to separate Zn from the Cu / Ag concentrate Work is continuing including a peer review of work completed to date Bulk Cu / Zn / Ag concen
Slide 12: Where to From Here: Complete tailings management studies
WHERE TO FROM HERE For personal use only • Complete tailings management studies Combined water / tailings solution looks feasible Issue is excess water not a shortage of process water Solution will enable environmental flows to Bull Paddock creek Discussions commenced with GMW and other Govt departm
Slide 13: Where to From Here: Complete proposed study program for EES
WHERE TO FROM HERE For personal use only • Complete proposed study program for EES Second draft of study program with Planning department Key input to EES Guidelines to be issued by Minister Once guidelines issued a clear path to an EES can be determined • Continue consultation with Corryong communi
Slide 14: Exploration Strategy - 2014: North East Victoria
EXPLORATION STRATEGY - 2014 For personal use only • North East Victoria Continue to test additional porphyry targets Structural corridor between Unicorn & Morgan is very prospective Targeting porphyry’s which have a gold signature Looking to add value to Unicorn to improve overall economics Re-inter
Slide 15: Exploration Strategy - 2014: North Ballarat
EXPLORATION STRATEGY - 2014 For personal use only • North Ballarat Targeting a large high grade gold resource near “hungry” gold plants Aim is to add value at low cost and then on-sell the project Cheap entry price and sensible drill budget to define prospectivity Understand concerns with Vic. gold
Slide 16: Exploration Strategy - 2014: Koonenberry
EXPLORATION STRATEGY - 2014 For personal use only • Koonenberry (Broken Hill Area – NSW) Secondary focus but provides commodity diversification Targeting nickel / copper / platinum in altered mafics and ultramafics Focus is large intrusive bodies rather than previous narrow zones Statutory annual ex
Slide 17: Project Development Strategy
PROJECT DEVELOPMENT STRATEGY For personal use only • Key selection criteria Australia focused. Overseas if competitive advantage can be generated Must be in top quartile for grade against peers – Grade is King Minimum of a JORC inferred resource or extensive drilling already completed Preferably ope
Slide 18: Further Disclaimer
FURTHER DISCLAIMER For personal use only Economic Potential 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 19: 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