Dart Mining Nl · ASX:DTM
Dart Mining Nl — Investor Presentation (September 2011)
27 slides from Dart Mining Nl's investor presentation, Sep 7, 2011
Slide 1: Dart Investor Presentation
DART INVESTOR PRESENTATION ASX ANNOUNCMENT For personal use only HIGHLIGHTS: 7 September 2011 • Maiden JORC Inferred Resource to be released in October ASX Code: DTM • Metallurgical testing of Unicorn Mo + Cu + Ag well advanced Investment Data • $1.1 million raised • High share trading and price act
Slide 2: About Molybdenum and About Dart Mining
For personal use only About Molybdenum Molybdenum is both a traditional and new age / future metal with unique characteristics. Its primary use is as an essential metal in the manufacture of steel where it adds strength, hardness and toughness as well as increasing steels resistance to corrosion. Mo
Slide 3: 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 Sept 2011 1
Slide 4: 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 5: DTM - Investment Highlights
DTM - INVESTMENT HIGHLIGHTS For personal use only • Positive outlook for Molybdenum (Mo) - currently@ US$34,000/t LME • Discovered a potentially world class Mo + Cu + Ag porphyry deposit • Strong similarities to Climax and Henderson – world class Mo mines • Maiden JORC resource to be declared by Oct
Slide 6: Corporate Structure
CORPORATE STRUCTURE For personal use only ASX Code: DTM Shares on issue: 140m Market cap: ~$12m Options: 15.6m listed exercisable at 10c (31 Dec 2011) 5m unlisted exercisable at 15c (31 Dec 2013) Directors: 11m shares (7.9%) Top 20: 39.04% Cash: ~$1.5m V olum e ('000) Price ($) Share Price Performan
Slide 7: 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 •Mt Alfred EL 5194 TOTAL: 2,400 Km2 5
Slide 8: Proven Structural Setting
PROVEN STRUCTURAL SETTING For personal use only • Lachlan fold belt is a known host 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 Proven mineralisation Dart’s tenements lie across this strategi
Slide 9: Unicorn Mo-Cu-Ag Project
UNICORN Mo-Cu-Ag PROJECT For personal use only • DTM has discovered a new mineralised porphyry province World class potential – grossly underexplored “Climax style” Unicorn intrusion is unique in Australia - CODES • Unicorn has Multiple stacked high grade zones similar to giant Climax / Henderson •
Slide 10: Unicorn and Henderson Are Similar
UNICORN and HENDERSON ARE SIMILAR For personal use only DRILL RIG Conceptual Geological Cross Section – Unicorn Porphyry (LEFT) and at the same scale the Urad – Henderson Ore Deposit, Red Mountain, Colorado, USA (RIGHT). Modified composite section compiled from various sources including: Wallace 197
Slide 11: Strategic Location
STRATEGIC LOCATION For personal use only • Established infrastructure Renewable power Available water Support town ALBURY N.S.W Sealed roads Sealed airport Rail transport • Very supportive community VICTORIA CORRYONG • Strong Victorian Government support 3 drilling grants 9
Slide 12: 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. Known mineralisation open at depth beyond 600 metres. Valley floor 350 metres below surface. 10
Slide 13: Unicorn - East West Section
Unicorn - East West Section For personal use only • All drill holes have intersected high grades of Mo + Cu + Ag • Mineralisation outcrops • Initial metallurgical test work is well advanced • Hole 5 - 574m @ 0.05% Mo including 106m from surface @ 0.08% Mo + 0.15% Cu + 4.5 g/t Ag • Hole 4 – 423 m @ 0
Slide 14: Unicorn North - South Section
UNICORN North - South Section For personal use only • Recent drilling has confirmed multiple stacked mineralised zones similar to Henderson and Climax • Hole 8 - first drill hole through center of Unicorn - 40m @ 0.08% Mo including 18m @ 0.11% Mo • Hole 7 - 121m @ 0.06% Mo, 147m @ 0.13% Cu and 86m @
Slide 15: 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 16: Unicorn Mo + Cu + Ag Project
UNICORN Mo + Cu + Ag PROJECT For personal use only CORE LOGGING NEW CORE PROCESSING FACILITY DRILL RIG CORRYONG INNOVATION PARK CORE CUTTING 14
Slide 17: Unicorn Mo + Cu + Ag Project
UNICORN Mo + Cu + Ag PROJECT For personal use only MOLYBDENUM A SOFT, GREY NON TOXIC MINERAL WITH PROPERTIES UNLIKE ANY DRILL RIG OTHER ELEMENT 15
Slide 18: Unicorn Comparison with Other ASX Moly Explorers
UNICORN COMPARISON WITH OTHER ASX MOLY EXPLORERS For personal use only Share Marke Resource Tonne Mo Cu Ag Mo Strip Access / Price t Cap Status (M’s) Grade Grade Grade Recov. Ratio Infra ($) (A$) (%) (%) (g/t) (%) Moly 0.23 $223M Spinifex 450 0.05 0.08 1.3 89 - 92 Sub Very Mines Ridge Surface Remote
Slide 19: 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 20: 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 x Limited Morgan x Limited Boebuck x x x Bunroy x x x Dart Pluton x x x x x String Dinner Creek x x x
Slide 21: No Restrictions on Mining
NO RESTRICTIONS ON MINING For personal use only • Victorian State Forest is “Open for Mining” Land Act 1958 Section 204 states - Crown land must permit mining Mineral Resources Act 1990 Section 6 - enables mining in State Forest Forests Act 1958 and amended 2007 - does not prohibit mining Unicorn is
Slide 22: Very Strong Community Support
VERY STRONG COMMUNITY SUPPORT For personal use only 20
Slide 23: Indicative Project Programme
INDICATIVE PROJECT PROGRAMME For personal use only 21
Slide 24: 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 regar
Slide 25: Summary
SUMMARY For personal use only • DTM has discovered a new mineralised porphyry province Proven grassroots explorer and target generator • Unicorn Project - Classic mineralised porphyry Maiden resource by early fourth quarter 2011 Exploration Target 60 to 70Mt: 0.05 - 0.06% Mo + 0.08 - 0.1% Cu + 4 - 5
Slide 26: 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 Po
Slide 27: Thank You
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
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